O&M Price definition

O&M Price means the amount agreed or determined under the Operator Agreement to be payable by HS1 Ltd to the Operator in respect of the operation and maintenance of HS1 in any Relevant Year (indexed in accordance with the Operator Agreement);
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O&M Price means the O&M Base Scope Price or the O&M Option 2 Price, as applicable.
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O&M Price means the amount stated in Price Schedule.
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Examples of O&M Price in a sentence

  • Within 10 (ten) days after receipt of the Letter of Acceptance, the successful Bidder shall deliver to the Employer two Performance Securities, (i) one of three percent (3%) of Construction Price of total Contract Price; and (ii) another one of three percent (3%) of O&M Price of total Contract Price.

  • In the event of the Contractor’s default in timely completion of the work under the provisions of this Contract, the Contractor shall be liable to pay liquidated damages at the rate of 0.75% (Three Quarter Percent) of the total Contract Price for each week (7 days) or a part thereof of delay till the works are completed, subject to a maximum of 10%(Ten Percent) of the total calculated Contract Price (excluding O&M Price).

  • Other information, as appropriate.The Joint Board shall have twenty (20) days after receipt of RSP2’s request to adjust the O&M Price to either accept or reject it as submitted or to commence negotiation of an acceptable alternative.

  • If the Joint Board fails to respond within twenty (20) days, RSP2 may notify the Joint Board in writing that it has not received a response, and if Joint Board fails to respond within ten (10) days after such additional notice, Joint Board’s failure to respond shall be deemed to be a denial of RSP2’s request for an Adjustment to the O&M Price.

  • In the event of the Contractor’s default in timely completion of The work under the provisions of this Contract, the Contractor shall be liable to pay liquidated damaged at the rate of 0.5% (half Percent) of un commissioned portion of work for each week (7 days) or a part thereof of delay till the works are completed, subject to a maximum of 7.5%(seven & a half Percent) of the total Contract Price (value of supply, Erection and commissioning excluding O&M Price).

  • Upon determination of the amount of the termination payment, this Contract shall be amended to reflect the agreed termination payment, RSP2 shall be paid the agreed amount, and the Initial Costs and the Total O&M Price shall be reduced to reflect the reduced scope of Work.

  • Commencing from and after System Acceptance and continuing during the O&M Term, the Maintenance Performance Bond shall be in an amount equal to 100% of the Total O&M Price for one (1) year for the then current year of the O&M Term.

  • Moreover, we observe that firms operating under a gross cost contract have the highest technical efficiency.

  • Provided that RSP2 has paid the Joint Board any applicable Performance Liquidated Damages and Performance Stipulated Damages, compensation for Losses and any other amounts that are payable to the Joint Board under the Contract Documents, then if the Joint Board has not exercised any Software Maintenance Option, the Maintenance Performance Bond(s) shall be released after the satisfaction of all conditions to Final Payment of the Total O&M Price pursuant to Section12.5 at the end of the O&M Term.

  • Electricity consumed FINANCIAL PROVISIONS 16.5 Method of Payment The Employer will pay the Contractor for the O&M Price on a monthly basis subjected to his delivering the stipulated water quality and quantity.


More Definitions of O&M Price

O&M Price. The price North Carolina Power will pay Operator in accordance with Section 10.6 for variable operations and maintenance expenses.
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O&M Price means sum of Fixed O&M Price and Variable O&M Price as set out in the form Fin 1 ;
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Related to O&M Price

  • Maximum Price means an amount (excluding related brokerage, commission, applicable goods and services tax, stamp duties, clearance fees and other related expenses) which may be paid for an ordinary share purchased or acquired by us pursuant to the mandate contained in paragraph (a) above, not exceeding, in the case of a market purchase of an ordinary share, the highest independent bid or the last independent transaction price, whichever is higher, of our ordinary shares quoted or reported on the NASDAQ Global Select Market or the securities exchange operated by JSE Limited (the “JSE”), as the case may be, or shall not exceed any volume weighted average price, or other price determined under any pricing mechanism, in compliance with the requirements under Rule 10b-18 under the Exchange Act, at the time the purchase is effected; and

  • Firm price means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Guaranteed Maximum Price or “GMP” means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.

  • Final Price means, with respect to a Security and an Auto-Call Valuation Date or the Valuation Date, subject to the Adjustment Provisions, the price of such Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Auto-Call Valuation Date or the Valuation Date, as the case may be.

  • non-firm prices means all prices other than “firm” prices;

  • Tender Price means the amount stipulated by the Tenderer in the space provided therefor in the Form of Tender, including all applicable taxes, which price, for greater certainty, is the Tenderer’s proposed Contract Price to complete all of the Work; and

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Initial Price or “Initial Offer” means the price per Unit on the first day of the Initial Period determined by the Management Company.

  • The Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Lowest price means the least possible amount that meets all requirements of the request of a purchasing agent.

  • ex-works price means the price paid for the product ex works to the manufacturer in the EU or in a SADC EPA State in whose undertaking the last working or processing is carried out, provided the price includes the value of all the materials used, minus any internal taxes paid which are, or may be, repaid when the product obtained is exported;

  • Maximum Trade Price means the highest Spot Price of the Units (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Fair Price means the price that is determined by financial advisor approved by the SEC.

  • Price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Agreement Price shall be the higher of (a) the fair market value of the Shares to be purchased determined in good faith by the Board of Directors of the Company and (b) the original exercise price of the Shares to be purchased.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.