O&M Payment Sample Clauses

O&M Payment. For each calendar month during each Contract Year, Buyer shall pay Seller an amount (the “O&M Payment”) equal to the Operation and Maintenance Costs of the Facility for that month, less any charges that are capitalized by Seller.

O&M Payment. (i) The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof; a lump sum financial support of Rs………… (Rupees………….)6 in the form of quarterly payments shall be due and payable by the Authority (the “First Quarter O&M Cost”), in accordance with the provisions of this Clause 23.7 (i) (the “O&M Payments”). The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement. For avoidance of doubt it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16 of this Agreement. (ii) Subject to the Provisions of Clause 23.7.1 (iii), the O&M Payments due and payable to the Concessionaire shall be paid in quarterly instalments and disbursed by the Authority together with the corresponding instalments of Annuity Payments. (iii) Each instalment of O&M Payment shall be the product of the amount determined in accordance with Clause 23.7.1 and the Price Index Multiple on the Reference Index Date preceding the due date of payment thereof.

O&M Payment. The Interconnection Customer shall pay all O&M Expenses associated with the operation, maintenance, repair and replacement of the Connecting Transmission Owner’s Interconnection Facilities. Any incremental property tax payment resulting from the addition of the Connecting Transmission Owner’s Interconnection Facilities will be the responsibility of the Interconnection Customer and paid annually. A property tax assessment before and after construction of the Connecting Transmission Owner’s Interconnection Facilities will be determined and submitted to the Interconnection Customer for review. Interconnection Customer shall pay the actual incremental property tax liability incurred by the Connecting Transmission Owner resulting from the property assessment of Connecting Transmission Owner’s Interconnection Facilities dedicated to the project. All payments due to be made by the Interconnecting Customer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner, which invoice shall be issued after the end of each calendar year for the most recent calendar year. SERVICE AGREEMENT NO. 2696 [CONTAINS CEII - THIS PAGE REMOVED FROM PUBLIC VERSION] SERVICE AGREEMENT NO. 2696