Operation and Maintenance Expenses Sample Clauses

Operation and Maintenance Expenses. A fixed monthly rate for operation and maintenance expenses and other miscellaneous costs and expenses incidental to the operation, protection, and maintenance of the Interests and Property (but excluding costs under paragraph (b) below) based on the average operation, maintenance, and miscellaneous costs and expenses for each Interest for the three-month period before the Effective Time.
Operation and Maintenance Expenses. This category consists of the cost of labor, materials and supplies, and other expenses incurred in operating and maintaining Hetch Hetchy Enterprise physical facilities.
Operation and Maintenance Expenses. The Operation and Maintenance Expenses of the Project in any month shall not exceed the lesser of (i) actual expenses Credit Agreement incurred and (ii) the expenses set forth in the Operating Budget for such month subject to the Permitted Operating Budget Deviation Levels.
Operation and Maintenance Expenses. In accordance with Section 10.5 of this Agreement, Developer shall be responsible for all reasonable operation and maintenance expenses (“O&M Expenses”) associated with the A-7 SERVICE AGREEMENT NO. 1757 operation, maintenance, repair and replacement of Connecting Transmission Owner’s Attachment Facilities, as such Attachment Facilities are detailed in this Appendix A. In addition, Developer shall also be responsible for the incremental costs that are incurred by the Connecting Transmission Owners pursuant to Section 10.6 of this Agreement to assure compliance with the NRC Maintenance Rule. The Scriba Substation facilities covered by the NRC Maintenance Rule are listed in Section 5 of Appendix C of this Agreement. Developer shall have the option to pay the O&M Expenses for which it is responsible under Section 10.5 of this Agreement by following either the procedure described in Option 1 or the procedure described in Option 2 below. Option 1: Fixed On-Going Charge Payment National Grid will invoice and Developer shall pay an annual payment to National Grid equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Attachment Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. All payments due to be made by Developer shall be made within thirty (30) days after receiving an invoice from National Grid. The Project’s Gross Connecting Transmission Owner’s Attachment Facilities Plant Investment cost shall be established in writing by National Grid no later than 90 days following commercial operation. The Annual On-Going Charge Factor shall be calculated annually each July based on National Grid’s most recently filed FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified on O&M Attachment 1 divided by the Total Gross Plant of National Grid. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b) and (c) in O&M Attachment 1. Option 2: Annual Actual O&M Expenses Developer shall pay for all actual O&M Expenses incurred by National Grid, which expenses shall be billed by National Grid quarterly as accumulated during the calendar quarter for which they were incurred.
Operation and Maintenance Expenses. This line item includes those expenses directly assignable to the Terminal, Airfield or Baggage Handling System Cost Centers (“Direct Operation and Maintenance Expenses”) and those expenses associated with operation and maintenance of the Airport and assignable to the Indirect Cost Centers (“Indirect Operation and Maintenance Expenses”). Indirect Operation and Maintenance Expenses shall be allocated to the Direct Cost Centers on the basis of the procedures set forth in Section V(3) below. The sum of Direct Operation and Maintenance Expenses and Indirect Operation and Maintenance Expenses are hereinafter referred to as “Operation and Maintenance Expenses”.
Operation and Maintenance Expenses or a phrase of similar import) means, for any Fiscal Year, the costs incurred by the Commission to operate, maintain, and administer the Airport System, including but not limited to items (a) through (j) listed below, but excluding operation and maintenance reserves and amounts funding the Coverage Account.
Operation and Maintenance Expenses or a phrase of similar import) means, for any Fiscal Year, the costs incurred by the Commission to operate, maintain, and administer the Airport System, including but not limited to items a through j listed below, but excluding operation and maintenance reserves and an optional Coverage Account associated with the planned bond issues after January 1, 1999 in connection with the financing of the 2010 Plan as shown on Exhibit I.
Operation and Maintenance Expenses. An amount of Auxiliary Facilities Gross Pledged Revenues equal to the annual Operation and Maintenance Expenses for such Fiscal Year and which are payable from the Auxiliary Facilities Gross Pledged Revenues;
Operation and Maintenance Expenses. In accordance with Article 10.5 of this Agreement, Developer shall be responsible for all reasonable expenses (“O&M Expenses”) associated with the operation, maintenance, repair and replacement of Connecting Transmission Owner’s Attachment Facilities, as such facilities are detailed in Appendix A. Developer shall have the option to pay such O&M Expenses either under the procedure described in Option 1 or in Option 2 below. Option 1: Fixed On-Going Charge Payment Connecting Transmission Owner will invoice and Developer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner Attachment Facility and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. All payments due to be made by Developer shall be made within thirty
Operation and Maintenance Expenses. Operation and maintenance expenses in accordance with upward adjustments to the Purchase Price as reflected in Section 8.04(c).