Core operating expenses definition
Core operating expenses means expenses for administration, salaries, maintenance and repairs, maintenance contracts and insurance.
Core operating expenses means expenses for electricity, heating, garbage collection, telephone and fax, internet service, property taxes, insurance, supplies, and contract services related to operating and maintaining the community facilities.
Core operating expenses means the minimum expenses necessary to operate the Moema Facility but not manufacture products, including the minimum practicable personnel costs, equipment maintenance, safety, the minimum practicable utilities, interest payments, payments of existing commitments, etc. The intent of this definition is to capture SB Oils’ out-of-pockets costs for the Moema Facility as if the facility were idled but maintained and solvent.