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 expenses of operating and maintaining a district and its rail facilities, including:
Examples of Maintenance and Operating Expenses in a sentence
The payment of premiums for all insurance policies required under the provisions hereof shall be considered Maintenance and Operating Expenses.
Expenses incurred in making the annual audit of the operations of the System are to be regarded as Maintenance and Operating Expenses.
Maintenance and Operating Expenses of a Type A and Type B ProjectIt should be noted that there is a difference between “administrative expenses that are necessary to put a project into operation” and the “maintenance and operating expenses” of an ongoing project.
These production expenses are reflected under Other Maintenance and Operating Expenses.
Maintenance and Operating Expenses shall not include any management fees or similar expenses related to Special Services.
More Definitions of Maintenance and Operating Expenses
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.
Maintenance and Operating Expenses means all current expenses of operating and
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 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 the reasonable and necessary expenses of operation and maintenance of the System as required by Section 1502.056, Texas Government Code, as amended, including all salaries, labor, materials, repairs and extensions necessary to render efficient service (but only such repairs and extensions as, in the judgment of the governing body of the City, are necessary to keep the System in operation and render adequate service to the City and the inhabitants thereof, or such as might be necessary to meet some physical accident or conditions which would otherwise impair the Parity Bonds), and all payments under contracts now or hereafter defined as operating expenses by the Legislature of Texas. Depreciation shall never be considered as a Maintenance and Operation Expense.
Maintenance and Operating Expenses means the expenses of the Corporation incurred in connection the operation of the Student Loan Program and its acquisition of Student Loans under this Indenture, including consultant's fees, attorneys' fees, auditing fees, marketing fees, travel expenses of directors and officers, insurance and such other reasonable and necessary expenses which may be incurred directly or indirectly in connection with the operation of the Student Loan Program and its acquisition of Student Loans under this Indenture, but such term shall not include letter of credit or other credit enhancement or liquidity fees, Note placement fees, servicing fees and expenses incurred under the Servicing Agreement, Indenture Agent fees and expenses incurred under this Indenture, any Auction Agent fees and expenses incurred under an auction agreement, any Broker-Dealer fees and expenses incurred under a broker-dealer agreement, or any Remarketing Agent fees and expenses under a remarketing agreement.
Maintenance and Operating Expenses means all reasonable and necessary current expenses of the City, paid or accrued, of operating, maintaining and repairing the Airport, including, without limitation, those reasonably allocated City overhead expenses relating to the protection, administration, maintenance and operation of the Airport; insurance and fidelity bond premiums; payments to pension and other funds and to any self-insurance fund; any general and excise taxes or other governmental charges imposed by entities other than the City; any required rebate of any portion of interest income to the federal government which is payable from Gross Revenues or the Revenue Fund; costs of contractual and professional services, labor, materials and supplies for current operations, including the costs of such direct City services rendered to the Airport as are requested from the City by the Airport and as are reasonably necessary for the operation of the Airport; costs of issuance of Airport Obligations for the Airport (except to the extent paid from the proceeds thereof); fiduciary costs; costs of collecting and refunding Gross Revenues; utility costs; any lawful refunds of any Gross Revenues; and all other administrative, general and commercial expenses, but excluding: (i) any allowance for depreciation; (ii) costs of capital improvements, including any liabilities incurred or accrued in connection therewith; (iii) reserves for major capital improvements, Airport operations, maintenance or repair; (iv) any allowance for redemption of, or payment of interest or premium on, Airport Obligations;