O&M Support Sample Clauses
The O&M Support clause defines the obligations and scope of services related to the operation and maintenance (O&M) support provided by one party to another, typically in the context of equipment, facilities, or infrastructure. This clause outlines the specific support activities, such as routine maintenance, troubleshooting, repairs, and technical assistance, that the service provider must deliver during the contract term. By clearly delineating these responsibilities, the clause ensures ongoing operational reliability and helps prevent disputes over maintenance duties, thereby supporting the smooth functioning of the relevant assets.
O&M Support. 25.3.1 The balance of the Grant, if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause 25.3.2 for meeting O&M Expenses and Debt Service of the Project (the “O&M Support”).
25.3.2 The O&M Support shall be disbursed by the Authority in quarterly instalments and the first such instalment shall be released within 90 (ninety) days of COD. Each instalment shall be a sum equal to 7.5% (seven point five per cent) of the Equity Support and such instalments shall be disbursed by the Authority until the Grant is exhausted.
O&M Support. 22.3.1 The balance of the Grant, if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause
22.3.2 for meeting O&M Expenses and Debt Service of the Project (the “O&M Support”).