M&O Charges definition
M&O Charges means the annual cost of maintaining and repairing the Maintained Facilities, including the cost of maintaining and repairing communications facilities, signals and interlockers, debris removal, repair and maintenance of rails, ties, ballast, undercutting, drainage and surfacing, but the term “M&O Charges” does not include the “Non- Rail Maintenance and Capital Improvement Charges” as defined below.
Examples of M&O Charges in a sentence
The Rail Corridor Connection shall be maintained, repaired and replaced by ACTA and paid as M&O Charges (as defined in the Use and Operating Agreement) in accordance with the terms of the Use and Operating Agreement.