Maintenance and Operating Expenses definition

Maintenance and Operating Expenses means all

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Maintenance and Operating Expenses means all current expenses of operating and maintaining the System, including all salaries, labor, materials, repairs and extensions necessary to render efficient service; provided, however, that only such repairs and extensions, as in the judgment of the City Council, reasonably and fairly exercised, are necessary to maintain the operations and render adequate service to the City and the inhabitants thereof, or such as might be necessary to meet some physical accident or condition which would otherwise impair obligations payable from Net Revenues shall be deducted in determining “Net Revenues.” Depreciation charges shall not be considered Maintenance and Operating Expenses. Maintenance and Operating Expenses shall include payments under contracts for the purchase of water supply, treatment of sewage or other materials, goods, services or facilities for the System to the extent authorized by law and the provisions of such contracts.

Maintenance and Operating Expenses means all expenses of operating and maintaining a district and its rail facilities, including:

Examples of Maintenance and Operating Expenses in a sentence

All rates charged for Maintenance and Operating Expenses shall be set to recover the cost of service, based on generally accepted rate making principles, including those set forth in Chapters I, II, III, IV and V.1 in the American Water Works Association (“AWWA”) Manual M1 (Sixth Edition) on water rates.
Maintenance and Operating Expenses shall not include any management fees or similar expenses related to Special Services.
The contribution of the Underlying NELNET Residual Rights and the Maintenance and Operating Expenses is absolute.
In connection therewith, the Depositors and the Administrator shall take, or cause to be taken, all actions required or permitted under the terms of the Indentures and the other Underlying Agreements so that amounts entitled to be received on account of the Underlying Residual Rights and the Maintenance and Operating Expenses are received in a timely manner to make payments on the Notes.
It is intended that the conveyance of the Underlying NELNET Residual Rights and the Maintenance and Operating Expenses by the NELNET Depositor to the Trust as provided in this Section 2.5 be, and be construed as, an absolute contribution of the Underlying NELNET Residual Rights and the Maintenance and Operating Expenses by the NELNET Depositor to the Trust and thereafter for the benefit of the Subordinated Certificateholders.

More Definitions of Maintenance and Operating Expenses

Maintenance and Operating Expenses means all costs of the Authority for operation, maintenance, repair and replacement of the System to the point of delivery for each Wholesale Customer, including, but not limited to, accounting, administration, engineering, and legal expenses and a reasonable reserve to pay for any extraordinary or nonrecurring expenses of operation or maintenance of the System and for replacements and repairs if such expenses should become necessary. Maintenance and Operating Expenses shall include payments under contracts for the purchase of water supply or water supply or other services for the System. Maintenance and Operating Expenses shall not include any costs or expenses incurred by the Authority in connection with Special Services.

Maintenance and Operating Expenses. (or "M&O Expenses") means, for any Fiscal Year, all reasonable expenses necessary to maintain, repair, operate and administer the Airport, including, but not limited to, bad debt expense, taxes and assessments, if any, and expenses for defending, settling, or satisfying litigation.

Maintenance and Operating Expenses means all current expenses of operating and

Maintenance and Operating Expenses means all current expenses of operating and maintaining the System not paid from the proceeds of the Certificates, including (1) the cost of all salaries, labor, materials, interest, repairs, and extensions necessary to provide efficient service, and each proper item of expense, but only if, in the case of repairs and extensions, they are, in the judgment of the Commissioners Court, necessary to keep the System in operation and render adequate service to the County and its residents, or respond to a physical accident or condition that would otherwise impair the Certificates or Prior Obligations or Parity Obligations.

Maintenance and Operating Expenses means the expenses of the Corporation incurred in connection the operation of the Student Loan Program and its acquisition of Student Loans under this Indenture, including consultant's fees, attorneys' fees, auditing fees, marketing fees, travel expenses of directors and officers, insurance and such other reasonable and necessary expenses which may be incurred directly or indirectly in connection with the operation of the Student Loan Program and its acquisition of Student Loans under this Indenture, but such term shall not include letter of credit or other credit enhancement or liquidity fees, Note placement fees, servicing fees and expenses incurred under the Servicing Agreement, Indenture Agent fees and expenses incurred under this Indenture, any Auction Agent fees and expenses incurred under an auction agreement, any Broker-Dealer fees and expenses incurred under a broker-dealer agreement, or any Remarketing Agent fees and expenses under a remarketing agreement.

Maintenance and Operating Expenses means the reasonable and necessary current expenses of the City paid or accrued (in accordance with generally accepted accounting practices) in administering, operating, maintaining, and repairing the Airport System. Without limiting the generality of the foregoing, the term "Maintenance and Operating Expenses" shall include all costs directly related to the Airport System, that is, (1) collecting Gross Revenues and of making any refunds therefrom lawfully due others; (2) engineering, audit reports, legal, and other overhead expenses directly related to its administration, operation, maintenance, and repair; (3) salaries, wages and other compensation of officers and employees, and payments to pension, retirement, health and hospitalization funds and other insurance, including self-insurance for the foregoing (which shall not exceed a level comparable to airports of a similar size and character);

Maintenance and Operating Expenses means all current expenses of operating and maintaining the System not paid from the proceeds of the Certificates, including