Maintenance and Operation Expense definition

Maintenance and Operation Expense means all reasonable expenses incurred by the RECIPIENT in causing the Utility to be operated and maintained in good repair, working order, and condition including payments to other parties, but will not include any depreciation or RECIPIENT levied taxes or payments to the RECIPIENT in lieu of taxes.
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Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the Waterworks Utility System to be operated and maintained in good repair, working order and condition, including payments made to any other municipal corporation or private entity for drainage, sewerage, and water service (or other utility service if the City combines such service in the Waterworks Utility System and enters into a contract for such services), but not including any depreciation or taxes levied or imposed by the City or payments to the City in lieu of taxes, or capital additions to or capital replacements of any portion of the Waterworks Utility System.
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Maintenance and Operation Expense 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 Issuer, or such as might be necessary to meet some physical accident or condition which would otherwise impair obligations payable from Pledged Revenues, shall be deducted in determining "Pledged Revenues." Maintenance and Operating Expenses shall include payments under contracts for water supply, treatment of sewage or other materials, goods or services for the System to the extent authorized by law and the provisions of such contract. Payments made by the Issuer for water supply or treatment of sewage which (i) under the law and (ii) pursuant to the terms of the contract therefor, are to be, operation and maintenance expenses shall be considered herein as expenses incurred in the operation and maintenance of the System. Depreciation shall never be considered as an expense of operation and maintenance.
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Examples of Maintenance and Operation Expense in a sentence

  • Any increases or decrease in Net Revenue as a result of any actual or reasonably anticipated changes in Maintenance and Operation Expense subsequent to the 12-month period.

  • The Council hereby finds that in fixing the amounts to be paid into the Bond Fund out of Gross Revenue, it has exercised due regard for the Maintenance and Operation Expense and has not obligated the City to set aside and pay into such Fund a greater amount of such Gross Revenue than in its judgment will be available over and above the Maintenance and Operation Expense.

  • Annual Residential Maintenance and Operation Expense per Square Foot m.

  • Annual Commercial Maintenance and Operation Expense per Square Foot n.

  • Actual or reasonably anticipated changes in the Maintenance and Operation Expense subsequent to the relevant 12-month period shall be added or deducted, as is applicable.

  • The premiums or other payments due with respect to such insurance policies (or municipal self-insurance pool) are declared to be a normal part of Maintenance and Operation Expense.

  • Landlord and Tenant acknowledge and agree that the portion of the Building Operation and Maintenance Expense for Resident Members’ use of the Demised Premises in the amount of $28.00 per month is based on estimates of all of the Building Maintenance and Operation Expense, particularly insurance, and the number of Resident Members.

  • The premiums paid for all such insurance shall be regarded as a Maintenance and Operation Expense of the System.

  • All expenses incurred in the making of such statements shall be regarded and paid as Maintenance and Operation Expense of the System.

  • The Building Maintenance and Operation Expense shall be evaluated each year no later than March 31st, and Landlord’s obligation for its share of the Building Maintenance Expense shall be adjusted downward if applicable.


More Definitions of Maintenance and Operation Expense

Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the System to be operated and maintained in good repair, working order and condition, including payments made to any other municipal corporation for water or water service or for sewage treatment and disposal service in the event the City enters into a contract for such services, but not including any depreciation or taxes levied or imposed by the City or payments to the City in lieu of taxes.
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Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the Water Utility to be operated and maintained in good repair, working order and condition.
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Maintenance and Operation Expense means all reasonable expenses incurred by the recipient in causing the project to be operated and maintained in good repair, working order, and condition including payments to other parties, but will not include any depreciation or recipient levied taxes or payments to the recipient in lieu of taxes.
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Maintenance and Operation Expense means all reasonable expenses incurred by the City in causing the Water Utility to be operated and maintained in good repair, working order and condition.
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Related to Maintenance and Operation Expense

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Operation and Maintenance Costs means the costs of:

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.