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, for any Fiscal Year or portion thereof, the annual budget, with detail on a monthly basis, of Operating Costs for such period delivered by the Borrower and approved by DOE pursuant to Section 7.27(a) (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 the budget for O&M Services adopted in accordance with Schedule 4.2.

Examples of O&M Budget in a sentence

• Receipt by DOE of an updated O&M Budget or a certificate from the Borrower that the previously provided O&M Budget is accurate in all material respects.

• No Borrower Party shall enter into any Lease of any property or equipment of any kind (including by sale-leaseback or otherwise), except for Permitted Leases in an amount not in excess of the amount budgeted therefor in the Construction Budget or the O&M Budget, as applicable, or as permitted pursuant to Section 9.15(a)(i) (Indebtedness).

• Each such proposed O&M Budget shall be consistent with the Base Case Financial Model being submitted concurrently to DOE for approval in accordance with Section 8.02(a) (Omnibus Annual Reports) and shall be accompanied by a certification of a Responsible Officer of the Borrower that, to the best of such Responsible Officer’s Knowledge, such proposed O&M Budget is a reasonable estimate for the period covered thereby and is in compliance with the requirements of this Section 7.27 (O&M Budget).

• If DOE does not approve all or portions of an O&M Budget, DOE shall advise the Borrower of the items that are rejected and the reason or reasons therefor.

• DOE shall approve or reject in writing all or any portion of a proposed O&M Budget.

More Definitions of O&M Budget

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).

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

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 shall have the meaning set forth in Section 8.1.

O&M Budget no later than June 15 of each fiscal year and Xxxxxxx County shall deliver a copy of the O&M Budget to Sasol no later than July 1 of each fiscal year.

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.

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;