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

• DOE shall have received (i) the Borrower’s O&M Budget in the form of Exhibit X (Form of O&M Budget) hereto (the “Form of O&M Budget”) and otherwise in form and substance satisfactory to DOE and the Independent Engineer, and (ii) the form of Operating Plan in form and substance acceptable to DOE and the Independent Engineer, in each case, for the stub period from the Effective Date to December 31, 2024 and for the first full fiscal year after the Effective Date occurs.

• Such proposed amendment shall become effective on the date approved by DOE 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 7.28) until the proposed amendment is approved by DOE.

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

• The Borrower and HubCo shall conduct the operations of the Project in accordance, in all material respects, with the Financing Documents and the Major Project Documents, the Operating Plan, the Major Maintenance Plan, the O&M Budget, Applicable Law, any applicable Required Approvals, and Prudent Industry Practice.

• The Borrower shall promptly (and in any event within five Business Days) provide notice to DOE 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.

More Definitions of O&M Budget

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 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.

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 shall have the meaning set forth in Section 8.1.