Operating and Maintenance Costs definition
Operating and Maintenance Costs means, without duplication, all costs and expenses incurred for operation and maintenance of the LIL in accordance with the LIL Lease after the Commissioning Date, including costs of O&M Activities which are not Sustaining Activities, administration costs for Opco, any Taxes payable by or on behalf of Opco or in respect of amounts payable to Opco (including for greater certainty, any Taxes payable by Opco and required to be withheld by a Person on the payment of an amount to Opco), net of any such Taxes which are recovered, but grossed up and adjusted to the extent necessary so that the amount of any amounts payable to Opco which are retained by Opco, net of any such Taxes, shall equal the amount which Opco would have retained if such Taxes were not payable by or on behalf of Opco or in respect of amounts payable to Opco, any costs and expenditures related to insurance, including any deductibles, any amount payable on account of a penalty imposed by Applicable Law or contract, any amount payable on account of a judgment rendered against Opco, and expressly excluding in all instances Rent and any costs, expenses or other amounts included in Rent;
Operating and Maintenance Costs means all expenses relating to the operation and maintenance of facilities controlled by the Board or used in connection with the System, including but not limited to, labor, contracted services, energy costs, monitoring costs, system configuration cost, switch-related costs, relocation costs, break repair costs, marketing costs, insurance, taxes, fees or similar charges.
Operating and Maintenance Costs means all costs, expenses, liabilities and charges, including the costs of studies, incurred or accrued by or on behalf of the Services for the account and benefit of the Parties which are properly chargeable as operating or maintenance expenses of the Services and includes such costs incurred or accrued on and after the date the Parties commence the provision of the Services under this Agreement;
Examples of Operating and Maintenance Costs in a sentence
The Borrower shall cause each of the Facility, the Related Facility and the Additional Facilities to be operated and maintained in accordance with the Annual Operating Budget and shall not permit the aggregate expenditures in any year for Operating and Maintenance Costs to exceed 125% of the amount set forth in the Annual Operating Budget.
The adjustment factor for Other Operating and Maintenance Costs, including all sub- components, will be based on eighty percent (80%) of the average index change in the U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index – All Urban Consumers, U.S. city average (not seasonally adjusted, all items, base period: 1982- 84=100, series no.
The Borrower shall and shall cause each AEE2 Entity to use the proceeds of the Loans only to pay Operating and Maintenance Costs.
Each Manager, with respect to the Transmission Assets for which the Manager is responsible, shall be responsible for making all regulatory applications to, in the case of the Maritime Link, the UARB, and in the case of the Labrador Transmission Assets and the Labrador- Island Link, the PUB or other Authorized Authority, including all necessary approvals for the Operating and Maintenance Costs.
Each Annual Budget shall contain complete, fair and accurate estimates (by principal components) of Sales Proceeds, Operating and Maintenance Costs and Debt Service for each Month covered by such Annual Budget based on the Borrower's best projections at such time.
More Definitions of Operating and Maintenance Costs
Operating and Maintenance Costs means, for any period, all cash operating and maintenance expenses of AEE or any AEE Subsidiary in respect of the Facility, the Related Facility, the Additional Facilities or any other assets or property of AEE or any AEE Subsidiary for such period, calculated in accordance with cash accounting, including, without limitation, amounts owed under the Coal Hauling Agreement, Working Capital Fees, Working Capital Costs and Expenses and interest payable pursuant to the Working Capital Facility or any successor facility, the fees set forth in the Operation and Maintenance Agreements, capital expenditures (made or, in the case of any future period duly budgeted pursuant to Section 5.9 of the Participation Agreement, including all costs of major inspections, unscheduled or scheduled major maintenance of the Facility, the Related Facility or any Additional Facility and all work on account of extraordinary equipment failures and contingencies (including overhaul costs)), insurance premiums, payments due in respect of property or sales taxes, consumables, labor costs, costs incurred under any contracts for the purchase, transportation or handling of fuel and any options related thereto, costs incurred with regard to disposal of ash or any products generated by the Facility, the Related Facility or the Additional Facilities and general and administrative expenses and maintenance costs with regard to the Facility, the Related Facility or the Additional Facilities and any other assets or property of any AEE Subsidiary, but excluding Fixed Charges in all such cases, in each case attributable to such period. For the avoidance of doubt, Operating and Maintenance Costs shall not include income taxes, the costs under the EPC Contract for the construction and installation of the SCR or any transaction expenses associated with the Acquisition or the Lease Financing paid in 1999.
Operating and Maintenance Costs means, for any periods, all amounts disbursed by or on behalf of POA for operation, maintenance (excluding Capital Expenditures), administration, repair, or improvement of the Project, including, without limitation, premiums on insurance policies, property and other taxes, payments under the relevant Lease Documents and under agreements, or options, to purchase energy and associated capacity in connection with permitted sales of natural gas, operating and maintenance agreements, leases, royalty and other land use agreements and fees, expenses, and any other payments required under the Project Documents (excluding Subordinated Asset Management Charges).
Operating and Maintenance Costs set forth in Appendix A to the Participation Agreement is hereby amended to read in its entirety as follows:
Operating and Maintenance Costs means the Direct Cost related to operating and maintaining the Pelletizer Facility pursuant to the provisions of this Agreement.
Operating and Maintenance Costs means all amounts disbursed by or on behalf of the Domestic Project, Permitted Project or Joint Ventures for operation, maintenance, repair, or improvement of the Domestic Project, Permitted Project or Joint Ventures, including, without limitation, premiums on insurance policies, property, income and all other taxes to the extent paid, and payments under the relevant operating and maintenance agreements, leases (including Operating Lease Obligations), royalty and other land use agreements, and any other payments required under the Project Documents, each as determined on a cash basis in accordance with GAAP.
Operating and Maintenance Costs means all costs attributable to the Defined Assets, or any of them individually as the context requires, incurred after the Commissioning thereof that are reasonable in relation to the circumstances in which, and the time at which, they were incurred in accordance with Good Utility Practice, including operating and maintenance costs, administration costs, sustaining capital costs and major capital costs, and all other costs incurred to operate and maintain the Defined Asset, excluding Defined Asset Life Extension Costs and costs of a Redevelopment, and excluding CEO Override Costs;
Operating and Maintenance Costs means in respect of any period, the aggregate of the following costs incurred by EPL during that period to the extent that such costs relate exclusively to the operation and maintenance of the Station and/or ▇▇▇▇ Common in accordance with the provisions of this Agreement: