Maintenance and Operating Expenses definition

Maintenance and Operating Expenses means all

Maintenance and Operating Expenses means all current expenses of operating and maintaining the System, including all salaries, labor, materials, repairs and extensions necessary to render efficient service; provided, however, that only such repairs and extensions, as in the judgment of the City Council, reasonably and fairly exercised, are necessary to maintain the operations and render adequate service to the City and the inhabitants thereof, or such as might be necessary to meet some physical accident or condition which would otherwise impair obligations payable from Net Revenues shall be deducted in determining “Net Revenues.” Depreciation charges shall not be considered Maintenance and Operating Expenses. Maintenance and Operating Expenses shall include payments under contracts for the purchase of water supply, treatment of sewage or other materials, goods, services or facilities for the System to the extent authorized by law and the provisions of such contracts.

Maintenance and Operating Expenses means all costs of the Authority for operation, maintenance, repair and replacement of the System to the point of delivery for each Wholesale Customer, including, but not limited to, accounting, administration, engineering, and legal expenses and a reasonable reserve to pay for any extraordinary or nonrecurring expenses of operation or maintenance of the System and for replacements and repairs if such expenses should become necessary. Maintenance and Operating Expenses shall include payments under contracts for the purchase of water supply or water supply or other services for the System. Maintenance and Operating Expenses shall not include any costs or expenses incurred by the Authority in connection with Special Services.

Examples of Maintenance and Operating Expenses in a sentence

• In connection therewith, the Depositors and the Administrator shall take, or cause to be taken, all actions required or permitted under the terms of the Indentures and the other Underlying Agreements so that amounts entitled to be received on account of the Underlying Residual Rights and the Maintenance and Operating Expenses are received in a timely manner to make payments on the Notes.

• No consent, license, approval or authorization or registration or declaration with, any Person or with any governmental authority, bureau or agency is required in connection with the execution, delivery or performance of this Agreement and the Related Documents and the assignment of the Underlying NELNET Residual Rights and the Maintenance and Operating Expenses, except for such as have been obtained, effected or made.

• The Corporation shall pay Maintenance and Operating Expenses from amounts available therefor in the Operating Fund to the extent provided in Section 5.08 of the General Indenture.

• Throughout the Lease Term, Lessee will pay to Lessor, as Additional Rent, Lessee’s proportionate share of all Common-Area Maintenance and Operating Expenses, as hereinafter defined, incurred by Lessor for maintenance of the Common Area.

• Increase in Program Expenses and Maintenance and Operating Expenses.......................................................

More Definitions of Maintenance and Operating Expenses

Maintenance and Operating Expenses means all expenses of operating and maintaining a district and its rail facilities, including:

Maintenance and Operating Expenses. (or "M&O Expenses") means, for any Fiscal Year, all reasonable expenses necessary to maintain, repair, operate and administer the Airport, including, but not limited to, bad debt expense, taxes and assessments, if any, and expenses for defending, settling, or satisfying litigation.

Maintenance and Operating Expenses means all current expenses of operating and

Maintenance and Operating Expenses means all current expenses of operating and maintaining the System not paid from the proceeds of the Certificates, including (1) the cost of all salaries, labor, materials, interest, repairs, and extensions necessary to provide efficient service, and each proper item of expense, but only if, in the case of repairs and extensions, they are, in the judgment of the Commissioners Court, necessary to keep the System in operation and render adequate service to the County and its residents, or respond to a physical accident or condition that would otherwise impair the Certificates or Prior Obligations or Parity Obligations.

Maintenance and Operating Expenses means all current expenses of operating and maintaining the System not paid from the proceeds of the Certificates, including

Maintenance and Operating Expenses means AUTHORITY's current annual expenses of maintaining, repairing, operating and administering the Airport System including taxes, if any, as set forth in the current approved AUTHORITY budget.

Maintenance and Operating Expenses means County’s current Fiscal Year expenses of maintaining, repairing, operating, and administering the Airport, as set forth in the approved County budget.