Operating and Maintenance Expense definition

Operating and Maintenance Expense means all reasonable charges incurred by the

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Operating and Maintenance Expense means all expenses incurred by the City in

Operating and Maintenance Expense means all reasonable expenses incurred in causing the Utility System to be operated and maintained in good repair, working order and condition and properly treated as maintenance and operation expenses under generally accepted accounting principles applicable to similar municipal utilities including, without limitation, deposits, premiums, assessments or other payments for insurance, if any, on the Utility System; amounts paid in respect of Utility System employee pensions and post-employment benefits (if any); amounts paid in respect of State-imposed utility taxes; payments made to any other municipal corporation or private entity for utility commodities or services (e.g., transmission, treatment and disposal of wastewater), including payments under Contract Resource Obligations; and overhead and administration expenses allocated to the Utility System. Operating and

Examples of Operating and Maintenance Expense in a sentence

• MWA and MMA shall pay to WMA, in consideration of the wastewater treatment and disposal services WMA shall provide, a proportionate share (calculated as hereinafter provided) of the Net Operating and Maintenance Expense in respect of the Intermunicipal Facilities.

• Such budget shall be in writing, shall be in reasonable detail, shall show, on an estimated basis, (i) all costs and expenses and receipts necessary to calculate quarterly Net Operating and Maintenance Expense, (ii) quarterly Flows of each Participant, (iii) quarterly total Flow; and (iv) quarterly payment by each Participant.

• Each Participant’s share of Net Operating and Maintenance Expense shall be an amount which is in the same ratio to the total of such expense as the volume of Flow from the Partici- pant’s Collection System is to the total volume of Flow received at the Plant.

• MWA and MMA each agree that the WMA may include certain administrative expenses within the calculation of Net Operating and Maintenance Expense.

• Notwithstanding anything to the contrary herein, (1) any payment in respect of any single item of Operating and Maintenance Expenses which individually exceeds One Hundred Fifty Thousand Dollars ($150,000) shall be made solely from the Operating Account and (2) the Company shall not request the Depositary to transfer any amounts from the Operating Account to the Permitted Local Operating Account in order to pay any such item of Operating and Maintenance Expense.

• In the event WMA decides to treat Industrial Wastes requiring expenses for operation and maintenance in addition to those normally incurred for operation and maintenance, the WMA will provide for separate accounting of said expenses relating to treatment of Industrial Waste from that used to determine the Net Operating and Maintenance Expense.

• Notwithstanding anything to the contrary herein, (i) any payment in respect of any single item of Operating and Maintenance Expenses which individually exceeds $250,000 shall be made solely from the Operating Account and (ii) the Issuer shall not request the Depositary to transfer any amounts from the Operating Account to any Checking Account in order to pay any such item of Operating and Maintenance Expense.

• On any date that such amounts are due and payable and have been requisitioned in accordance with SECTION 3.2(b)(ii) (Withdrawals from the U.S. Revenue Account), the Depositary Bank shall withdraw the monies on deposit in the Big Spring Operating Account and remit such monies to the Persons entitled thereto for the payment of such Operating and Maintenance Expense.

• The costs of such services are a Host Shared Expense under Exhibit “E” (Operating and Maintenance Expense Matrix).

• On any date that such amounts are due and payable and have been requisitioned in accordance with SECTION 3.2(b)(ii) (Withdrawals from the Trinidad Revenue Account), the Depositary Bank shall withdraw the monies on deposit in the Trinidad Operating Account and remit such monies to either the Persons entitled thereto for the payment of such Operating and Maintenance Expense or to the Trinidad Local Account, as directed by the Trinidad Obligor.

More Definitions of Operating and Maintenance Expense

Operating and Maintenance Expense means all reasonable expenses