O&M Budget definition

O&M Budget means the budget prepared by Opco for the LIL based on the LTAMP and setting forth the Operating and Maintenance Costs and Sustaining Costs required to be made for each Operating Year during the LIL Lease Term, including the type of expenditure, the amount thereof and the schedule for making such expenditure;
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O&M Budget means, initially, the O&M budget delivered in connection with the Execution Date, and thereafter for any Fiscal Year, the current monthly O&M budget delivered and approved pursuant to Section 7.27 (Operating Plan; Operations) and substantially in the form of the Form of O&M Budget and in each case, which shall include the Operating Forecast and the Operating Plan for the relevant period.
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O&M Budget means the budget for O&M Services adopted in accordance with Schedule 4.2.
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Examples of O&M Budget in a sentence

  • In the event Buyer requests Seller to operate and maintain Buyer's Equipment, the obligation of Seller to provide such operation and maintenance services shall be subject to Buyer and Seller first amending the O&M Budget adopted pursuant to Schedule 4.2 to reflect the Buyer's Equipment O&M Payments due Seller in connection with such operation and maintenance services.

  • The proposed Annual O&M Budget for the next calendar year will be based on Operator’s assessment of the Work to be performed during such year and the proposed means of performing such Work in accordance with the Requirements.

  • The proposed Annual O&M Budget shall include line item budget appropriations for Direct Operating Expenses, Capital Improvement Expenses, the recommended amount for the Contingency, expenses of Operator’s Subcontractors and anticipated cash flow requirements for such year.

  • If the Members are not able to Approve the Annual O&M Budget for any Fiscal Year within such seventy-five (75) day period, each line item in the Annual O&M Budget for the next Fiscal Year shall be increased by the percentage increase in the CPI Index from the first day for which the previous Annual O&M Budget was in effect to the most recently available CPI Index, and the resulting plan shall be the Annual O&M Budget for the Fiscal Year.

  • To the extent the cause of such Central Plant unavailability or failure of the Thermal Energy to satisfy the Steam and Chilled Water Standards is not due to the breach by Seller of it's obligations under this Agreement, the cost of correcting the same shall be included in an amendment to the Current Contract Year O&M Budget pursuant to Schedule 4.2. Notification pursuant to this Section 3.4(b) shall be made in person or by telephone call and confirmed in writing.


More Definitions of O&M Budget

O&M Budget means a document substantially in the form of Annex 20 (O&M Budget Form) to the CTA, which sets out (a) the Operating Expenses (including Capital Expenses) of the Project (except for any Operating Expenses provided in the Construction Budget), (b) all taxes and (c) all costs and expenses of the Issuer in connection with the provision by the Issuer of any Acceptable Letter of Credit and other Permitted Indebtedness incurred by the Issuer, in each case, in each period after the first occurring from January 1, 2020 to the Commercial Operation Date for which such document is required under this Agreement, as such O&M Budget may be revised over time in accordance with Clauses 9.1(hh), 9.1(ii), 9.1(jj), 9.1(kk), 9.1(ll), and 9.1(mm).
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O&M Budget shall have the meaning ascribed to such term in the DOE Loan.
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O&M Budget no later than June 15 of each fiscal year and ▇▇▇▇▇▇▇ County shall deliver a copy of the O&M Budget to Sasol no later than July 1 of each fiscal year.
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O&M Budget means the budget prepared by or on behalf of the Partnership for the LIL setting forth the Operation and Maintenance Costs required to be made for each Operating Year during the Interim TFA Term, including the type of expenditure, the amount thereof and the schedule for making such expenditure;
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O&M Budget with respect to the Project, a reasonably detailed annual budget for the operation and maintenance of the Project, containing a detailed description of costs incurred and expected to be incurred with respect to the operation and maintenance of the Project on an annual basis.
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O&M Budget means, with respect to any Project, the projected amount of operations and maintenance expenditures for such Project, in form and substance satisfactory to Investor.
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O&M Budget has the meaning given to such term in Section 2.9(a).
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