O&M Budget definition

O&M Budget means the budget prepared by Opco for the LIL based on the LTAMP and setting forth the Operating and Maintenance Costs and Sustaining Costs required to be made for each Operating Year during the LIL Lease Term, including the type of expenditure, the amount thereof and the schedule for making such expenditure;

O&M Budget means the budget for O&M Services adopted in accordance with Schedule 4.2.

O&M Budget means a document substantially in the form of Annex 20 (O&M Budget Form) to the CTA, which sets out (a) the Operating Expenses (including Capital Expenses) of the Project (except for any Operating Expenses provided in the Construction Budget), (b) all taxes and (c) all costs and expenses of the Issuer in connection with the provision by the Issuer of any Acceptable Letter of Credit and other Permitted Indebtedness incurred by the Issuer, in each case, in each period after the first occurring from January 1, 2020 to the Commercial Operation Date for which such document is required under this Agreement, as such O&M Budget may be revised over time in accordance with Clauses 9.1(hh), 9.1(ii), 9.1(jj), 9.1(kk), 9.1(ll), and 9.1(mm).

Examples of O&M Budget in a sentence

• The Guarantor shall approve or disapprove in writing all or any portions of such proposed O&M Budget, Operating Plan and Major Maintenance Plan.

• If the Guarantor does not approve all or portions of a proposed O&M Budget, Operating Plan or Major Maintenance Plan, the Guarantor shall advise the Borrower of the items that are disapproved and the reason or reasons therefor.

• The Borrower shall promptly (and in any event within [*****]) provide notice to the Guarantor of any expenditure for any line item or category in the O&M Budget in excess of such line item or category and of any reallocation from one line item or category to another in the O&M Budget.

• Quarterly O&M Updates delivered pursuant to Section 5.03(a)(vii) are not amendments to the O&M Budget pursuant to this Section 7.24(c).

• Such proposed amendment shall become effective on the date approved by the Guarantor and, until such proposed amendment is approved, the Borrower shall comply with the approved O&M Budget (subject to the allowance provisions of this Section 7.24) until the proposed amendment is approved by the Guarantor.

More Definitions of O&M Budget

O&M Budget has the meaning given to such term in Section 5.01(n)(iii) (Project Plans).

O&M Budget has the meaning given to such term in Section 2.9(a).

O&M Budget means each of the Operating Budget and the Fuel Budget, and “O&M Budgets” means, collectively, both of them.

O&M Budget means the budget prepared by or on behalf of the Partnership for the LIL setting forth the Operation and Maintenance Costs required to be made for each Operating Year during the Interim TFA Term, including the type of expenditure, the amount thereof and the schedule for making such expenditure;

O&M Budget means, for any Fiscal Year or portion thereof, the annual budget, with detail on a monthly basis, of Operating Costs (including the Covered Spoke O&M Budgets) for such period delivered by the Borrower and approved by DOE pursuant to Section 7.28(a)(i) (Submission and Approval of O&M Budget) and substantially in the form of the Form of O&M Budget and in each case, which shall include the Operating Forecast and the Operating Plan for the relevant period.

O&M Budget means, for any period, the current O&M budget for that period under Clause 15.4 (O&M Budgets).

O&M Budget means, with respect to any Project, the projected amount of operations and maintenance expenditures for such Project, in form and substance satisfactory to Investor.