Cost of Operation and Maintenance means the then current expenses, paid or accrued, in the operation, maintenance and repair of the Utility System, as calculated in accordance with generally accepted accounting principles, including, but not limited to, general administrative and indirect labor costs, personal services, contractual services, repairs and maintenance, and materials and supplies, but shall not include expenses not annually recurring, any reserve for renewals and replacements, extraordinary repairs or any allowance for depreciation, any Bond Service Requirement, any payments in lieu of taxes, franchise fees or other transfers.
Cost of Operation and Maintenance means the actual cost incurred by the Landlord or its affiliates with respect to the ownership, operation, maintenance and repair of the Building and the plaza, curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning; mechanical ventilation; heating; interior and exterior cleaning; rubbish removal; window washing (interior and exterior, including, without limitation, inside partitions); elevators; escalators; hand tools and other equipment to the extent same are not required to be capitalized in accordance with generally accepted accounting principles (“GAAP”); pxxxxx and matron service; electric current, steam, water and other utilities; association fees and dues; protection and security service; repairs; maintenance; compliance with any Preservation Agreement to the extent same are not required to be capitalized in accordance with GAAP; fire, extended coverage, boiler, sprinkler, apparatus, rental income, public liability and property damage insurance; supplies; wages, salaries, disability benefits, pensions, hospitalization, retirement plans and group insurance respecting service and maintenance employees, building superintendents, concierges, managers, their assistants and clerical staffs, and persons engaged in supervision of the foregoing; uniforms and working clothes for such employees and the cleaning thereof; expenses imposed pursuant to any collective bargaining agreement with respect to such employees; payroll, social security, unemployment and other similar taxes with respect to such employees; sales, use and other similar taxes; vault charges; franchise fees payable in connection with the concourse levels of Rockefeller Center; water rates; sewer rents; charges of any independent contractor who does any work with respect to the operation, maintenance and repair of the Building and the plaza curbs and sidewalks adjoining the same; reasonable and customary management fees not to exceed those which would be charged by comparable, unaffiliated managing agents providing services similar to those provided by the Landlord or the Landlord’s managing agent; legal, accounting and other professional fees; decorations; and the annual depreciation or amortization over the useful life thereof in accordance with GAAP of costs, including, without limitation, financing costs, incurred for any equipment, device or other capital improvement made or acquired which is either intended as a laborsaving measure or...
Cost of Operation and Maintenance means the actual cost (including depreciation of all hand tools and other movable equipment which is, or should be, capitalized on the books of the Landlord and the cost of hand tools and other movable equipment which need not be so capitalized, as well as the cost of maintaining all such hand tools and movable equipment) incurred by the Landlord with respect to the operation, maintenance and repair of the Building and the Land the curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning; mechanical ventilation; heating; cleaning; rubbish removal; window washing (interior and exterior, including inside partitions); elevators; escalators; xxxxxx and matron service; electric current; steam; repairs; maintenance; fire, extended coverage, boiler, sprinkler, apparatus, public liability and property damage insurance; supplies; wages, management fees, salaries, disability benefits, pensions, hospitalization, retirement plans and group insurance respecting service and maintenance employees; uniforms and working clothes for such employees and the cleaning thereof; expenses imposed pursuant to any collective bargaining agreement with respect to such employees; payroll, social security, unemployment and other similar taxes with respect to such employees, sales, use and other similar taxes; water rates; and sewer rents; provided, however, that the term “Cost of Operation and Maintenance” shall not include: (1) any administrative wages and salaries or any other general and administrative overhead of the Landlord, renting commissions, (2) except for depreciation hereinabove provided for in this subparagraph, the cost of any item which is, or should in accordance with sound accounting practice be, capitalized on the books of the Landlord, (3) the cost of any work or service performed in any instance for any tenant of space in the Building (including the Tenant) at such tenant’s cost and expense to the extent that such work or service is in excess of any work or service which the Landlord is obligated to furnish hereunder to the Tenant as the Landlord’s cost and expense, or (4) the cost of any work or service performed for any other tenant of space in the Building at the Landlord’s cost and expense to the extent that such work or service is in excess of any work or service which the Landlord is obligated to furnish hereunder to the Tenant at the Landlord’s cost and expense. If during any period for which the Cost of Ope...
Examples of Cost of Operation and Maintenance in a sentence
The Sewer Rates and Charges hereby fixed are established to be sufficient to provide for the Cost of Operation and Maintenance of the System as are necessary to preserve the same in good repair and working order.
The User Charges established shall be sufficient to provide for the Cost of Operation and Maintenance and payment of Debt of the System and as are necessary to preserve the same in good repair and working order.
The charge represents a portion of (a) that User’s proportionate share of the fixed and variable Cost of Operation and Maintenance of the Public Sewer System and (b) the benefit to that User derived from the availability of the Public Sewer System and the peak usage that User may demand from the Public Sewer System.
A charge, based on Units, levied on Users of the System which represents (a) that User’s proportionate share of the cost of Cost of Operation and Maintenance of the System, and (b) the benefit to that User derived from the availability and use of the System.
Primary costs include construction, design services, funding activities, public education, and other items—along with 5-year projected costs for operations and maintenance and RECURRING COSTSRaw Water Cost ($35 per acre foot to ISC)Debt Service on Financed Share (20 year period) Cost of Operation and Maintenance (5 yr period) Replacement Costs (5 year period)ISC Ute Reservoir O&M Fee ($5.60 per acre foot)Sub-total Annualized Costs $600,000$1,950,600$9,815,000$478,000$134,400$12,978,000replacement.
More Definitions of Cost of Operation and Maintenance
Cost of Operation and Maintenance means the reasonable and necessary costs of operating, maintaining and repairing the System, including salaries, wages, the payment of any contractual obligations incurred pertaining to the operation of the System, the cost of materials and supplies, rentals of leased property, real or personal, insurance premiums, audit fees, a reasonable allowance for working capital, and such other proper charges as may be made for the purpose of operating, maintaining and repairing the System in accordance with sound business practice, but before making provision for depreciation.
Cost of Operation and Maintenance means the costs of operation, maintenance, and routine repairs and the costs incurred by the water users' association or the department in the distribution of water from the project, excluding the department's administrative costs.
Cost of Operation and Maintenance means the actual cost incurred by the Landlord or its affiliates in accordance with sound management and accounting principles and practices generally accepted (consistently applied) with respect to the ownership, operation, maintenance and repair of the Building and the curbs and sidewalks adjoining the same, including, without limitation,
Cost of Operation and Maintenance means, subject to the exclusions and limitations set forth in this Subsection 4A(ii), all costs and expenses incurred by Landlord in operating, repairing, maintaining and Improving (defined below) to the Building, Property, Common Areas, Common Area Spine, Parking Areas and Project Common Areas, as determined in accordance with generally accepted accounting principles consistently applied on a cash basis, including without limitation, all Improvements (defined below), equipment, systems and Parking Areas designated to service occupants of the Building, whether now existing or hereafter constructed and including, without limitation, as they relate to the Building, Property, Common Areas, Common Area Spine, Parking Areas and Project Common Areas, (1) costs in providing rubbish and waste pickup and disposal, if any; (2) costs of janitorial services and window cleaning (including materials, supplies, lightbulbs and ballasts, equipment and tools therefor, and rental costs.
Cost of Operation and Maintenance means the current expenses, paid or accrued, of operation, maintenance and repair of the Electric System and its facilities, as calculated in accordance with generally accepted accounting principles for governmental entities, consistently applied, and shall include, without limiting the generality of the foregoing, all costs (including administrative expenses) relating to the Electric System, the purchase of electric services (if the same may be treated as an operating cost under generally accepted accounting principles) and insurance premiums and charges for the accumulation of appropriate reserves for self-insurance, not annually recurrent but which are reasonably expected to be incurred on a periodic basis in accordance with generally accepted accounting principles, consistently applied, and payment of the Rebate Amount. The Cost of Operation and Maintenance shall include, among other items, payments required to be made to the Florida Municipal Power Agency, any successor thereto, or any other entity under spot, forward or prepaid power or fuel purchase agreements, including, without limitation, take and pay power or fuel purchase agreements, or similar power or fuel purchase arrangements and related price hedging agreements. The Cost of Operation and Maintenance shall not include (i) any reserve for renewals and replacements, extraordinary repairs or any allowance for depreciation or amortization, (ii) the payment of any principal of, premium, if any and interest on the Bonds and any other notes, bonds and similar obligations of the City, and (iii) payments made by the City under leases that are capitalized in accordance with generally accepted accounting principles.
Cost of Operation and Maintenance means the actual cost incurred by the Landlord or its affiliates with respect to the ownership, operation, maintenance and repair of the Center (to the extent the Center is included in the calculation of O.E. Share, it being understood that if less than the entire Center is included in such calculation, then Cost of Operation and Maintenance shall include a portion of the common area expenses of the Center in the same proportion as the rentable area of the building or buildings included in the calculation of O.E. Share bears to the aggregate rentable area in all buildings in the Center) and the curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning;
Cost of Operation and Maintenance means, for the purposes of maintenance areas established after July 31, 2004, as the result of relinquishment by a local agency pursuant to Section 12878.1 only, the cost of all main- tenance, as defined in subdivision (f), and shall also include, but is not limited to, all of the following costs: