O&M Account definition

O&M Account as defined in the Depositary Agreement.
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O&M Account means an account of the Facility Lessee with a banking institution in the United States that the Facility Lessee may designate from time to time by written notice to the Depositary, established for holding funds for the payment of O&M Costs.
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O&M Account is defined in Section 8.4.
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Examples of O&M Account in a sentence

  • The Security Trustee shall be entitled to the Trustee Fees and Expenses as O&M Expenses payable from the Project O&M Account and as provided in Section 8.05 hereof following an Event of Default, subject to the compensation agreement between the Security Trustee and the Concessionaire, which, notwithstanding any other provision hereof, may be amended at any time by agreement of the Concessionaire and the Security Trustee without the consent of or notice to any other Secured Party.

  • Any Cumulative Net Profit under $1,000,000 shall be forwarded to the following year’s O&M Account, which shall be established as a separate sub-fund in SAP.

  • The Project O&M Account shall be held and administered by the Security Trustee in accordance with this Agreement and shall form part of the Collateral.

  • The Project O&M Account shall be held and administered by the Trustee in accordance with this Master Indenture.

  • The Borrower shall request a loan from CDOT pursuant to and subject to the terms and conditions of the CDOT O&M Loan Agreement for Project O&M Expenses if the projected Project O&M Expenses are anticipated to exceed the projected balance in the Existing I-25 Express Lanes Excess Revenue Subaccount of the Project O&M Account by 5%.


More Definitions of O&M Account

O&M Account means the operations and maintenance account referred to in Section IV of the Schedule to the Project Agreement.
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O&M Account has the meaning given in Section 1.1 of the Depositary Agreement.
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O&M Account has the meaning set forth in Section 6.11 hereof. "ODOT" has the meaning set forth in Section 6.2 hereof.
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O&M Account means the account established pursuant to Section ----------- ------- 2.1 having the name and account number set forth below the title "O&M Account" --- in Schedule I hereto. ----------
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O&M Account means a fund established by City for the necessary expenses for the maintenance, operation, repairs and ordinary replacement and reconstruction of the Airport to the extent that other funding allocated for Operating Expenses in the Annual Budget is not sufficient for such purposes.
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O&M Account means the “I-25 North O&M Account” account within the I-25 North Revenue Subfund.
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O&M Account means the “Xxxxxx O&M Account” as defined in the Reimbursement Documents.
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