Indirect Operating Expenses definition
Indirect Operating Expenses means, for any Accounting Period, all expenses recognized under GAAP during such Accounting Period that do not directly relate solely to the operation of the Phase 1 New Systems or solely to the operation of the Phase 2 New Systems, including, without limitation, the charges for all common utility services, rent, common permit fees, PJM meter charges and administrative fees and expenses (including, without limitation, bank charges, legal fees, and accounting and auditor fees), but excluding any items included in Extraordinary Shared Facility Maintenance Expenses, Specially Allocated Phase 1 New System Items or Specially Allocated Phase 2 New System Items; provided, however, that Indirect Operating Expenses shall not include charges for natural gas required by the Systems at the Site and for which reimbursement has or will be sought or advance payment has been made.