O&M Account definition

O&M Account shall have the meaning provided in the Depositary Agreement.

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O&M Account is defined in Section 8.4.

O&M Account means an account of the Facility Lessee with a banking institution in the United States that the Facility Lessee may designate from time to time by written notice to the Depositary, established for holding funds for the payment of O&M Costs.

Examples of O&M Account in a sentence

• Operator shall not be obligated to advance its own funds to the O&M Account for the payment of Operating Expenses.

• Owner shall ensure sufficient funds are available in the O&M Account to meet the estimated Operating Expenses for the immediately succeeding Month.

• Operator shall nominate individuals, to be approved by Owner, who shall have the written authority to sign checks against the O&M Account within limits to be agreed between Owner and Operator.

• Interest earned on the O&M Account shall accrue for the benefit of Owner and shall be used by Operator only for the payment of Operating Expenses incurred in accordance with the terms hereof.

• Owner shall fund the O&M Account in accordance with Section 8.5. The O&M Account shall be the primary source for the payment of Operating Expenses hereunder, and Operator shall draw funds from such account to pay Operating Expenses.

More Definitions of O&M Account

O&M Account means the operations and maintenance account referred to in Section IV of the Schedule to the Project Agreement.

O&M Account as defined in the Depositary Agreement.

O&M Account has the meaning set forth in Section 6.11 hereof. "ODOT" has the meaning set forth in Section 6.2 hereof.

O&M Account is defined in the Security and Depositary Agreement.

O&M Account means the account established pursuant to Section ----------- ------- 2.1 having the name and account number set forth below the title "O&M Account" --- in Schedule I hereto. ----------

O&M Account means an account of the Facility Lessee with a banking institution in the United States that the Facility Lessee may designate from time to time by written notice to the Depositary, established for holding funds for the payment of O&M Costs. "O&M COSTS" shall mean all actual cash maintenance and operation costs excluding costs of fuel, emissions allowances and/or credits, Capital Expenditures and Major Maintenance) incurred and paid, or if appropriate, to be incurred and paid, for the Facility in any particular calendar or fiscal year or period to which said term is applicable, including payments with respect to Permitted Trading Activities, additives or chemicals and transportation costs, taxes, insurance, consumables, payments for emissions allowances and/or credits, payments under the Facility Site Sublease and other real property agreements pursuant to which the Facility Lessee has rights in the Facility Site, payments pursuant to the agreements for the management, operation or maintenance of the Facility reasonable legal fees and expenses paid by the Facility Lessee in connection with the management, maintenance or operation of the Facility, fees paid in connection with obtaining, transferring, maintaining or amending any Applicable Permits and reasonable general and administrative expenses, but exclusive in all cases of noncash charges, including depreciation or obsolescence charges or reserves therefor, amortization of intangibles or other bookkeeping entries of a similar nature. For the avoidance of doubt, no amount which may become due and owing by the Facility Lessee to EMMT under the Energy Sales Agreement shall be deemed to be an O&M Cost unless such amount is directly related to an amount owed by EMMT to an unrelated third party.

O&M Account means the “Hot Spring O&M Account” as defined in the Depositary Agreement.