O&M Expenses Sample Clauses
The O&M Expenses clause defines the costs associated with the operation and maintenance of a facility, equipment, or project. It typically outlines which specific expenses are included, such as labor, materials, utilities, repairs, and routine servicing, and may specify how these costs are to be tracked, reported, or reimbursed. By clearly delineating what constitutes O&M expenses, this clause ensures transparency in budgeting and cost allocation, helping to prevent disputes over financial responsibility and supporting effective financial management.
O&M Expenses. No Borrower Party shall expend any amount for O&M Expenses during any month if such expenditure would exceed any OB Approval Threshold without the prior written consent of the Administrative Agent (acting, if applicable, at the direction of the Requisite Financing Parties), unless such O&M Expense could not reasonably be anticipated and failure to make such expenditure would create an abnormal risk of personal injury to employees or significant physical damage to the Project and, in any such event, the Borrower shall immediately advise the Administrative Agent of such excess expenditure and, within fifteen days of the making of any such excess expenditure, prepare and file with the Administrative Agent an amended Operating Budget that reflects such expenditure in accordance with Section 6.6(f).
O&M Expenses. O&M Expenses shall include the total of all of the following items, each such item being determined for the Fiscal Year or portion thereof under consideration, of all the expenses and costs directly incurred by York for the administration, operation, maintenance and repair of the Treatment Plant and necessary for rendering Wastewater treatment and disposal services to the Municipality and other contributors. O&M Expenses include:
(a) power, chemicals, fuel, materials, and supplies;
(b) costs of storing, hauling, dumping and disposal of residue or sludge from the Treatment Plant, including composting; and other costs determined by York to be costs;
(c) actual salaries and wages of administrative, operation or maintenance personnel of York directly engaged in operating and maintaining the Treatment Plant, together with the social security and unemployment taxes, workmen’s compensation, insurance premiums, health and accident insurance premiums and pension benefits (but not payments related to any unfunded pension liability), vocational training or any other benefits or costs applicable to the personnel, prorating such items in accordance with such employee’s time actually spent on matters pertaining to the treatment or disposal of Wastewater compared to work spent on other matters;
(d) equipment and tools used or employed for the operation and maintenance of the Treatment Plant;
(e) costs of routine maintenance and repairs (including replacements), and costs of any work done under any contract with respect to the Treatment Plant (excluding capital upgrades or expansions);
(f) fees and expenses of the Consulting Engineers;
(g) premiums for property, boiler and machinery and comprehensive crime insurance and vehicle insurance;
(h) legal expenses;
(i) all expenses involved in purchasing nutrient or other credits, if any, required to meet NPDES permit requirement or other DEP requirements related to the Treatment Plant; and
(j) all other costs and expenses not of a capital nature, determined by York to be O&M Expenses and reasonably incurred and properly attributable, to the operation, maintenance and/or repair of the Treatment Plant, from time to time. Such amount shall be reduced by any Federal or Commonwealth grants, reimbursements, subsidies or other payments to York designated by law or regulation for such purposes (excluding grants for capital upgrades or expansions), revenues received by York from the treatment of septage, sludge and leachate or similar s...
O&M Expenses. O&M expenses for the Conveyance Facilities will be variable based on the actual cost of operation, maintenance and repair, including reasonable administrative costs. It is anticipated that the most significant operating cost will be electrical use, but reasonable efforts will be made to hedge this cost through short and long term power purchase agreements. O&M expenses will be recovered through an O&M Charge that will be payable by CVWD on a per acre foot basis in connection with the actual delivery of Conserved Water. The O&M Charge will be subject to reconciliation to actual expenses at the end of each delivery year during the Term.
O&M Expenses. Reasonable and necessary current expenses of the Authority in accordance with generally accepted accounting principles, paid or accrued, for operating, maintaining, and repairing the Spaceport. EXOS’ O&M Expenses will be determined pursuant to Paragraph 5.6 of this Lease. EXOS’ O&M Expenses will not include (i) liabilities incurred by the Authority as the result of its negligence or willful misconduct in the operation of the Spaceport or other ground of legal liability not based on contract; (ii) any payment to the Authority or any department or political subdivision of the State of any management fee, or other similar fee or charge; (iii) costs for any services provided to any other Tenant, occupant or user of the Spaceport to the extent such services are in excess of those provided to EXOS; (iv) taxes or governmental exactions of any kind whatsoever; (v) principal, interest or other payments due by the Authority in connection with any bonds, loans or financing of any kind whatsoever; and
O&M Expenses. All expenses, including overheads, directly or indirectly applicable to the operation and maintenance of the Facilities, shall be classified as operation and maintenance expenses, including payroll expenses, utilities, taxes, pensions and benefits, performance fees, and insurance (the “O&M Expenses”).
O&M Expenses. O&M Expenses shall include the total of all of the following items, each such item being determined for the Fiscal Year or portion thereof under consideration, of all the expenses and costs directly incurred by York for the administration, operation, maintenance and repair of the Treatment Plant and necessary for rendering Wastewater treatment and disposal services to the Municipality and other contributors. O&M Expenses include:
(a) power, chemicals, fuel, materials, and supplies;
(b) costs of storing, hauling, dumping and disposal of residue or sludge from the Treatment Plant, including composting; and other costs determined by York to be costs;
(c) actual salaries and wages of administrative, operation or maintenance personnel of York directly engaged in operating and maintaining the Treatment Plant, together with the social security and unemployment taxes, workmen’s compensation, insurance premiums, health and accident insurance premiums and pension benefits (but not payments related to any unfunded pension liability), vocational training or any other benefits or costs applicable to the personnel, prorating such items in accordance with such employee’s time actually spent on matters pertaining to the treatment or disposal of Wastewater compared to work spent on other matters;
O&M Expenses. Reasonable and necessary current expenses of the Authority in accordance with generally accepted accounting principles, paid or accrued, for operating, maintaining, and repairing the Spaceport. EGX O&M Expenses will be determined pursuant to Paragraph 6.3 of this Lease.
O&M Expenses. The OPERATOR shall incur all the operating and other expenses. The OPERATOR shall liable to pay and deposit all statutory taxes, cess, charges, liabilities well within time. The OPERATOR shall appoint all the employees and shall pay all their remuneration, salary, wages, allowances, fringe and benefits by complying various laws and rules as may be applicable from time to time. In any case, there shall be no responsibility or liability of MPAKVN in any matter related to Labour laws, Factory Act, Gratuity, Bonus, Provident Fund, ESICS , Safety rules etc. Any approval from concerning authorities shall also be in scope of work of Operator.