Examples of Excess Expenditures in a sentence
Each reference herein to a Budget or Default Budget shall be deemed to include such Excess Expenditures to the extent such Excess Expenditures are incurred.
Each Budget shall include up to a maximum of two percent (2%) in excess of the total amount for excess expenditures that may arise in any Contract Year (“Excess Expenditures”); provided that such Excess Expenditures shall at all times be otherwise compliant with the applicable Rate Order.
Owner shall also fund the Service Accounts in the manner contemplated hereunder for Operator’s payment of T&D Pass-Through Expenditures (including Excess Expenditures), Capital Costs and Outage Event Costs (without limiting Owner’s indemnity or other obligations hereunder).
Any Excess Expenditures incurred by Operator during a Contract Year shall be treated as T&D Pass-Through Expenditures and as if initially budgeted for such Contract Year.