Common use of EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR Clause in Contracts

EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. The cost of machinery, equipment and facilities owned by the Operator and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed the rate charged by the principal chartered bank of the Operator plus 1% per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.

EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. The cost of machinery, equipment and facilities owned by the Operator and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed the rate charged by the principal chartered bank of the Operator plus 1% fifteen percent (15%) per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.