Common use of O&M Charges Clause in Contracts

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. (i) The O&M Charges for the first quarter after COD will be calculated becalculated on the basis of the O&M Charges quoted by the Selected Bidder in the its 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.