O&M Payments definition

O&M Payments shall be the collective reference to the Standby Maintenance Payments and Repair Maintenance Payments.
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O&M Payments shall have the meaning as set forth in Article 22.7.1;
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O&M Payments means operations and maintenance payments made to the Company consisting of standby maintenance payments and repair maintenance payments.
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Examples of O&M Payments in a sentence

  • The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement.

  • In case the Damages and the interest thereof are more than the 1st Annuity payment then the balance Damages along with interest thereof shall be recovered from any further amount due and payable to the Concessionaire excluding O&M Payments but including interest to be paid on reducing balance of the Completion Cost remaining to be paid along with the 1st Annuity or from further Annuity payments.

  • Invoices for the Purchase Price shall be rendered in accordance with clause 2.1. Invoices for O&M Payments shall be rendered pursuant to Schedule 5.

  • In its monthly Payment Calculation, the Contractor shall complete Category “A”, reporting all expected Capital Payments and O&M Payments for that month from Appendix 1 of this Schedule, and Category “B”, reporting all of the Payment Adjustments relating to the previous month to be applied to that month’s Payment.

  • For the avoidance of doubt, the Parties expressly agree that such Change of Scope and the consequent reduction in Completion Cost, Annuity Payments and O&M Payments shall be undertaken such that the Concessionaire is not placed in a disadvantageous financial position on account thereof, and assistance of the Independent Engineer shall be taken for any assessment hereunder.

  • The aggregate Availability Liquidated Damages payable by the Concessionaire in any quarter of the O&M Period will be deducted from the O&M Payments due to the Concessionaire for such quarter.

  • In case the Damages and the interest thereof are more than the 1st Annuity payment, then the balance Damages along with interest thereof shall be recovered from any further amount due and payable to the Concessionaire excluding O&M Payments but including interest to be paid on reducing balance of the Bid Project Cost remaining to be paid along with the1st Annuity or from further Annuity payments.

  • For avoidance of doubt, it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16 of this Agreement.

  • However, it shall be the endeavour of the Authority to ensure that the improvements suggested to the MIOP will be such that the Concessionaire can incorporate the same in the MIOP without any undue impact on the agreed Bid Project Cost and O&M Payments under this Agreement.

  • For avoidance of doubt it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16of this Agreement.


More Definitions of O&M Payments

O&M Payments means, for each Facility, collectively the: (a) Capex O&M Period means the period of 15 years from the COD during which the Concessionaire is required to operate and maintain the Facilities. O&M Price Index shall comprise:
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O&M Payments is defined in Section 8(A) of the TOA.
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O&M Payments means, for each Facility, collectively the: (a) Capex Annuity; (b) interest on the reducing balance of 60% of the Completion Cost; (c) O&M Charges; and (d) Power Charges (subject to the cap of the Power Charges based on the Guaranteed Energy Consumption), to be paid by NMCG to the Concessionaire during the O&M Period, in accordance with this Agreement. O&M Period means the period of 15 years from the COD during which the Concessionaire is required to operate and maintain the Facilities. O&M Price Index shall comprise: (a) 70% of CPI(IW); and (b) 30% of WPI, which constituents may be substituted by such alternative index or indices as the Parties may mutually agree.
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Related to O&M Payments

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Interim Payment has the meaning specified in Section 10.1.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).