Common use of Operation and Maintenance Cost Savings Clause in Contracts

Operation and Maintenance Cost Savings. A measurable decrease in operation and maintenance costs and future replacement expenditures that is a direct result of the implementation of one or more utility cost savings measures. Such savings shall be calculated in comparison with an established baseline of operation and maintenance costs.

Appears in 7 contracts

Samples: Financing Agreement and Payment, Financing Agreement and Payment, Financing Agreement and Payment

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