Maintenance Expenditure definition

Maintenance Expenditure means, in each Financial Year, an amount expended in the refurbishment, repair, renewal and maintenance of the internal and external fabric of the Mortgaged Properties in the Securitisation Estate and their fixtures and fittings and of the assets required to manage them (for example, information technology systems), such expenditure including amounts expensed through the profit and loss account and amounts capitalised on the balance sheet of a Borrower to the extent that such expenditure does not constitute Capital Enhancement Expenditure.
View Source
Maintenance Expenditure means the expenditure incurred by the Borrower in order to comply with its maintenance obligations in accordance with clause 23 of the Project Agreement;
View Source

Examples of Maintenance Expenditure in a sentence

  • Beginning at Commencement, the monthly charges for Exadata acquisition will equal the following: Monthly ESC = {(Exadata Capital Expenditures * 1.025 + Exadata Maintenance Expenditure) / 12} + Exadata Incidental Costs The Monthly Invoice will include the Monthly ESC beginning at Commencement.

  • Further, the main objectives of the Mission are: Elimination of open defecation, Eradication of Manual Scavenging – Modern and Scientific Municipal Solid Waste Management, To effect behavioral change regarding healthy sanitation practices, Generate awareness about sanitation and its linkage with public health, Capacity Augmentation for ULBs and to create an enabling environment for private sector participation in CAPEX (Capital Expenditure) and OPEX (Operation and Maintenance Expenditure).

  • Maintenance Expenditure is designed to maintain an asset in its original state and includes regular cleaning.

  • Manager shall receive approval from Owner prior to making any Manager Maintenance Expenditure costing Ten Thousand Dollars and NO/100 ($10,000.00) or more and prior to making any Manager Maintenance Expenditure that would significantly change the visual appearance of the Stadium.

  • ICMC may terminate this Agreement as to all or any portion of the Property at any time upon giving ten (10) days' written notice to OWNER and thereafter ICMC shall have no liability (specifically including Exploration and Maintenance Expenditure) to OWNER under or in relation to this Agreement except as provided in Section 10.04.

  • Capital Maintenance Expenditure does not include expenditure on any Crematoria Upgrades.

  • Except as approved by the Board of Managers, each Non-Recurring Maintenance Expenditure Budget shall be consistent in all material respects with the Company’s Governing Operating Guidelines and shall be prepared by the President, with input from the Board of Managers and from WPSC as contemplated by the Management Agreement, and presented to the Board of Managers for its approval.

  • The Issuer shall deliver to the Trustee, the Collateral Agent and the Independent Engineer at least 30 days prior to the beginning of each fiscal year of the Issuer, at its own expense, (a) an annual Operating Budget and (b) a certificate setting forth the estimated amount of any Major Maintenance Expenditures anticipated to be incurred during such fiscal year (the "Major Maintenance Expenditure Amount").

  • The Maintenance Expenditure Adjustment shall be the Purchaser's sole remedy for a breach of the covenant contained in this Section 6.13 and, provided that the Maintenance Expenditure Adjustment is made, any such breach shall not constitute a breach of a closing condition in Article VIII.

  • The Seller shall provide evidence reasonably satisfactory to the Purchaser, at the Closing, that the foregoing covenant has been met, failing which any amount required to have been spent and which was not so spent by the Seller in accordance with this Section 6.13 (to the extent not included in Current Liabilities for purposes of Working Capital or Final Working Capital) shall be deducted from the Estimated Purchase Price at Closing as a reduction thereto (the "Maintenance Expenditure Adjustment").

Related to Maintenance Expenditure

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.