O&M Charges Sample Clauses
The O&M Charges clause defines the fees or costs associated with the operation and maintenance (O&M) of a facility, equipment, or service. Typically, this clause outlines what expenses are included under O&M, such as routine maintenance, repairs, staffing, and consumables, and specifies how these charges are calculated and billed to the responsible party. By clearly delineating the scope and method of charging for O&M services, this clause ensures transparency in ongoing costs and helps prevent disputes over financial responsibilities during the contract term.
O&M Charges. (i) The O&M Charges for the first quarter after COD will be calculated on the basis of the O&M Charges quoted by the Selected Bidder in the Financial Proposal for the first month from the COD, which amount shall be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the first Invoice for the O&M Payments.
(ii) For each subsequent quarter of the O&M Period, the O&M Charges will be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the relevant Invoice for the O&M Payments.
O&M Charges. The Grantee shall pay the Grantee's Share of O&M Charges, Station Costs and restoration costs in the manner provided hereafter.
O&M Charges. (i) For each Facility, the O&M Charges for the first quarter after the relevant COD will be calculated on the basis of the O&M Charges quoted by the Selected Bidder in the Financial Proposal for such Facility for the first month from the relevant COD, which amount shall be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the first Invoice for the O&M Payments.
(ii) For each subsequent quarter of the relevant O&M Period, the O&M Charges will be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the relevant Invoice for the O&M Payments.
O&M Charges. (i) The O&M Charges for the first quarter after COD will be calculated on the basis of the STP O&M Charges and I&D O&M Charges quoted by the Selected Bidder in the Financial Proposal for the first month from the COD, based on the number of days of operation of the relevant facility in that quarter, which amount shall be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the first Invoice for the O&M Payments.
(ii) For each subsequent quarter of the O&M Period, the O&M Charges will be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the relevant Invoice for the O&M Payments.
O&M Charges. The O&M Charges due by Customer pursuant to this Agreement shall he in such amounts and, shall become due and payable on such terms, as set forth in Schedule 7, attached hereto. * This portion of the Exhibit has been omitted pursuant to a Request for Confidential Treatment under Rule 406 of the Securities Act of 1933, as amended. The complete Exhibit, including the portions for which confidential treatment has been requested, has been filed separately with the Securities and Exchange Commission.
O&M Charges. User agrees to pay O&M charges (if applicable) as per the Orders of KERC issued from time to time.
O&M Charges. The Grantee shall pay a charge for the operating and maintenance of Segment A and Segment D. For Segment D, the operating and maintenance charges shall consist of the standby charges and the running charges:
(A) the standby charges for Segment D (including but not limited to the cost of attendance, testing, adjustments, storage of plant and equipment, the maintenance of the procurement of cable ship services covering, inter alia, depreciation, ship retrofit, crew, insurance (other than at-sea insurance), in-port expenses, the storage of submersible plant, remotely operated vehicles and other devices, custom duties and other taxes relating thereto) shall be recovered through an annual fixed charge of $2,680 per half-MIU payable quarterly in advance by the Grantee, which amount shall also include the operating and maintenance costs of Segment A. Such annual fixed charge shall be adjusted as of January 1st of each year using the consumer 'price index in the United States as published by the United States Department of Labour for the immediately preceding calendar year.
(B) The running charges, which shall be limited to the recovery of the direct cost incurred in connection with a repair involving Segment D (including, but not limited to, the cost of repair (including repair at sea), of fuel, at-sea insurance, costs of cable working exercises, cable-handling costs, additional crew at-sea, crew overtime, victualling, telecommunications, mobilization and demobilization expenses, consumables, replenished equipment, custom duties and other taxes relating thereto) shall be apportioned among the grantees of IRUs on Segment D in accordance with the following formula: A = B X D --- C where: A = portion of the running charges to be borne by the Grantee B = the Capacity (expressed in terms of half- MIUs) acquired pursuant to this Agreement C = total Assignable Capacity of the CANUS I System on the date of the invoice (expressed in terms of half-MIUs) D = total running charges incurred
O&M Charges. If an operation and maintenance charge (“O&M Charge”) is specified in an Order Form, SGN will invoice Customer for and Customer will pay such O&M Charge beginning on the Commencement Date in advance of each month during the Term and within thirty (30) days from the date of such invoice.
O&M Charges. The O&M Charges for a Location for the first quarter for that location will be calculated on the basis of the O&M Charges quoted by the Selected Bidder in the Financial Proposal for that particular Location for the first month, as the case maybe, which amount shall be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the first Invoice for the O&M Payments. For each subsequent quarter of the O&M Period, the Location O&M Charges will be adjusted for the Price Index Multiple applicable on the Reference Index Date preceding the date of the relevant Invoice for the O&M Payments.