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.
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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.

Related to M&O Charges

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • collection charges means the charges which the Municipality is entitled to recover in terms of section 75A(1) of the Systems Act, and includes the administrative cost –