Maintenance and Operation Expense definition

Maintenance and Operation Expense means all reasonable expenses incurred by the RECIPIENT in causing the Utility to be operated and maintained in good repair, working order, and condition including payments to other parties, but will not include any depreciation or RECIPIENT levied taxes or payments to the RECIPIENT in lieu of taxes.
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Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the Waterworks Utility System to be operated and maintained in good repair, working order and condition, including payments made to any other municipal corporation or private entity for drainage, sewerage, and water service (or other utility service if the City combines such service in the Waterworks Utility System and enters into a contract for such services), but not including any depreciation or taxes levied or imposed by the City or payments to the City in lieu of taxes, or capital additions to or capital replacements of any portion of the Waterworks Utility System.
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Maintenance and Operation Expense 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 Issuer, or such as might be necessary to meet some physical accident or condition which would otherwise impair obligations payable from Pledged Revenues, shall be deducted in determining "Pledged Revenues." Maintenance and Operating Expenses shall include payments under contracts for water supply, treatment of sewage or other materials, goods or services for the System to the extent authorized by law and the provisions of such contract. Payments made by the Issuer for water supply or treatment of sewage which (i) under the law and (ii) pursuant to the terms of the contract therefor, are to be, operation and maintenance expenses shall be considered herein as expenses incurred in the operation and maintenance of the System. Depreciation shall never be considered as an expense of operation and maintenance.
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Examples of Maintenance and Operation Expense in a sentence

  • Annual Residential Maintenance and Operation Expense per Square Foot m.

  • The Council hereby finds that in fixing the amounts to be paid into the Bond Fund out of Gross Revenue, it has exercised due regard for the Maintenance and Operation Expense and has not obligated the City to set aside and pay into such Fund a greater amount of such Gross Revenue than in its judgment will be available over and above the Maintenance and Operation Expense.

  • Annual Commercial Maintenance and Operation Expense per Square Foot n.

  • The premiums or other payments due with respect to such insurance policies (or municipal self-insurance pool) are declared to be a normal part of Maintenance and Operation Expense.

  • It will pay all Maintenance and Operation Expense and the debt service requirements for the outstanding Parity Bonds, and otherwise meet the obligations of the City as herein set forth.

  • Depreciation shall never be considered as a Maintenance and Operation Expense.

  • The City Council declares that in fixing the amounts to be paid into the Bond Fund under this ordinance it has exercised due regard for Maintenance and Operation Expense and has not obligated the City to set aside and pay into the Bond Fund a greater amount of Gross Revenue of the System than in its judgment will be available over above such Maintenance and Operation Expense.

  • Landlord and Tenant acknowledge and agree that the portion of the Building Operation and Maintenance Expense for Resident Members’ use of the Demised Premises in the amount of $28.00 per month is based on estimates of all of the Building Maintenance and Operation Expense, particularly insurance, and the number of Resident Members.

  • For the first ten years of this lease, beginning January 1, 2020, Landlord shall pay to Tenant a portion of the Building Maintenance and Operation Expense for Resident Members’ use of the Demised Premises in the amount of $28.00 per month per taxable parcel within the District.

  • Commencing on the Commencement Date, Tenant shall pay to Landlord, as Additional Rent hereunder, a Common Area Maintenance and Operation Expense Charge of Two Thousand Eight Hundred Twenty and 00/100 Dollars ($2,280.00) per annum ($.60 per square foot of area within the Premises) (the "CAM Charge"), payable in equal monthly installments of $235.00 each in the same manner as payments by Tenant of Base Rent.


More Definitions of Maintenance and Operation Expense

Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the System to be operated and maintained in good repair, working order and condition, including payments made to any other municipal corporation for water or water service or for sewage treatment and disposal service in the event the City enters into a contract for such services, but not including any depreciation or taxes levied or imposed by the City or payments to the City in lieu of taxes.
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Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the Water Utility to be operated and maintained in good repair, working order and condition.
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Maintenance and Operation Expense 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 Issuer, or such as might be necessary to meet some physical accident or condition which would otherwise impair obligations payable from Pledged Revenues, shall be deducted in determining "Pledged Revenues." Maintenance and Operating Expenses shall include payments under contracts for water supply, treatment of sewage or other materials, goods or services for the System to the extent authorized by law and the provisions of such contract. Payments made by the Issuer for water supply or treatment of sewage which (i) under the law and (ii) pursuant to the terms of the contract therefor, are to be, operation and maintenance expenses shall be considered herein as expenses incurred in the operation and maintenance of the System. Depreciation shall never be considered as an expense of operation and maintenance.
Sample 1
Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the System to be operated and maintained in good repair, working order and condition, including payments made to any other municipal corporation for water or water service or for sewage treatment and disposal service in the event the City enters into a contract for such services, but not including any depreciation or taxes levied or imposed by the City or payments to the City in lieu of taxes.
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Related to Maintenance and Operation Expense

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, Sprint Convergence is unable to provide prior notice of.