O&M Costs as defined in the Depositary Agreement.
O&M Costs means all amounts disbursed by or on behalf of the Borrower for operation, maintenance, repair, or improvement of the Facility, including, without limitation, premiums on insurance policies, property, income and all other taxes to the extent paid, and payments under the relevant operating and maintenance agreements, leases (including Operating Lease Obligations), royalty and other land use agreements, and any other payments required under the Project Documents, each as determined on a cash basis and otherwise in accordance with GAAP.
O&M Costs means actual cash management and operation costs of the Company, taxes payable by the Company, insurance premiums, consumables, fees and expenses of, and other amounts owing to, the Collateral Agent and the depositary under the Deposit Agreement, and other costs and expenses in connection with the management or operation of the Company, but exclusive in all cases of (a) non-cash charges, including depreciation or obsolescence charges or reserves therefor, amortization of intangibles or other bookkeeping entries of a similar nature, (b) all other payments of Debt Service and Yield-Maintenance Amounts, if any, (c) costs of repair or replacement paid with insurance proceeds and (d) development costs related to any Project Finance Subsidiary.
Examples of O&M Costs in a sentence
Forecast Factor less ***** ***** Cap Factor less ***** ***** Final USS Costs ***** ***** Invoiced O&M Costs ***** Actual O&M Costs ***** Actual vs.
Unanticipated or Unusually High O&M Costs During Review PeriodDescribe costs and reasons: V.
The RMB Revenue Account shall not be used for any purpose other than (and in accordance with the following priority): (i) the transfer of funds to the RMB Checking Account for the payment of O&M Costs and (ii) after conversion into U.S. Dollars, the transfer of funds to the Foreign Debt Repayment Account for the payment of the principal of and interest on the Loans or reserves in respect thereof.
For certainty, this Section 6.17 shall not restrict the incurrence or payment of any O&M Costs or Project Costs.
The District will be responsible for the O&M Costs of the parks and all related public infrastructure located within the parks.
More Definitions of O&M Costs
O&M Costs for any period, the sum, computed without duplication among any of the following categories or from period to period, of all maintenance, operation and administration costs, which are incurred with respect to the Borrower and by the Borrower with respect to the Project (or any portion thereof) in any particular period (other than any costs to be funded from the Distribution Account), including (i) franchise, licensing, sales, property, real estate, excise and other similar taxes (but not taxes on or measured by net income or any income tax equivalent unless the Borrower is obligated to pay such taxes under any Applicable Law), (ii) costs of any materials, supplies, spare parts, utilities or services for the Project, (iii) electricity and pumping costs (including costs of transmission and related charges), costs of additives or chemicals and transportation costs related thereto and the cost of other consumables), (iv) premiums for insurance policies, (v) payments under any lease, any Energy Management Agreement, or any other contractual obligations of the Borrower (including payments under the Commodity Hedge and Power Sales Agreements (other than termination payments)) and any other costs required to be paid to satisfy any Applicable Law, (vi) Major Maintenance Expenses and Capital Expenditures, (vii) Purchase Money Indebtedness (including Capital Lease Obligations), (viii) legal, accounting and consulting fees and expenses and other transaction costs, (ix) costs of obtaining, maintaining, renewing and amending any Permits, (x) employee salaries, wages and other employment related costs and (x) other general and administrative expenses, including expenses to keep the Collateral free and clear of all Liens (other than Permitted Liens) and administrative fees, costs and expenses and indemnification payments due in respect of Indebtedness. The amount of such costs to be attributed to a particular period shall be the amount actually incurred in such period; provided that O&M Costs shall not include (a) costs, expenses and charges relating to any Casualty Event or Event of Eminent Domain, including any application of Net Cash Proceeds of a Casualty Event or Event of Eminent Domain to a reinvestment, restoration or repair work in respect of properties affected by the Casualty Event or Event of Eminent Domain or acquisition of replacement property, (b) Debt Service or prepayments or other payments of Indebtedness for Borrowed Money (excluding Purchase Money Indeb...
O&M Costs means, for any period, cash amounts incurred and paid by Borrowers for the operation and maintenance of the Project or any portion thereof (other than as funded from the Major Maintenance Account) and for the purchase of goods and services in connection therewith, including (a) premiums for insurance policies, (b) fuel supply and fuel transportation costs and the cost of other consumables, (c) costs of obtaining any other materials, supplies, utilities or services for the Project, (d) costs of maintaining, renewing and amending Permits, (e) franchise, licensing, property, real estate, sales and excise taxes, (f) general and administrative expenses, (g) employee salaries, wages and other employment-related costs, (h) business management and administrative service fees, (i) costs required to be paid by the Project under any Project Document or Credit Document (other than scheduled Debt Service and Project Costs, but including interest or lease payments in respect of Permitted Debt) or to satisfy any Legal Requirement or obtain or maintain any Permit, (j) legal, accounting and consulting fees and other transaction costs and all other fees payable to the Lenders (other than amounts constituting scheduled Debt Service), (k) necessary capital expenditures (other than capital expenditures made in connection with the repair or restoration of any casualty suffered by the Project to the extent funded with insurance or similar proceeds applied pursuant to Section 7.5 or infusions of equity pursuant to the Credit Documents), and (1) all other fees and expenses necessary for the continued operation and maintenance of the Project and the conduct of the business of the Project, but exclusive in all cases of non-cash charges, and also exclusive of all interest charges, LC Fees and charges for the payment or amortization of principal of the Bonds or the Loans. O&M Costs shall not include (i) costs of Major Maintenance to the extent paid with funds on deposit in the Major Maintenance Account, (ii) depreciation or (iii) payments for restoration or repair of the Project from the Loss Proceeds Account.
O&M Costs means actual cash management and operation costs of the Borrower, taxes payable by the Borrower, insurance premiums, consumables, fees and expenses of, and other amounts owing to, the Administrative Agent, the Collateral Agent and the Depositary, and other costs and expenses in connection with the management or operation of the Borrower, but exclusive in all cases of (a) non-cash charges, including depreciation or obsolescence charges or reserves therefor, amortization of intangibles or other bookkeeping entries of a similar nature, (b) all other payments of Debt Service, (c) costs of repair or replacement paid with insurance proceeds and (d) development costs related to any Project Finance Subsidiary.
O&M Costs means 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 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 Costs means the operation and maintenance costs incurred by the Ancillary Service Provider in operating the Contracted Ancillary Service Resources designated for providing Black Start Capability Services and shall (a) include the cost of testing such Contracted Ancillary Service Resources, and fuel costs incurred by Contracted Ancillary Service Resources when activated by the PSO to provide the black start service, and (b) exclude depreciation and interest expense on the fixed assets;
O&M Costs has the meaning assigned to such term in the Definitions Agreement.
O&M Costs means, with respect to any Project, all actual cash maintenance and operation costs incurred and paid for such Project in any particular calendar or fiscal year or period to which said term is applicable, including payments for local, sales, excise, franchise, real estate or other direct Taxes, income Taxes of the Borrower (excluding any income Taxes of any Person holding Equity Interests in Borrower), insurance, consumables, payments made in connection with the requirements of any Permit or applicable Law for such Project, payments under any lease, payments pursuant to the agreements for the management, operation and maintenance of such Project, payments for goods or services provided or rendered to the owner of such Project, including payments under any Project Document (including any Ordinary Course Settlement Payments under Power Purchase Agreements that are in the form of xxxxxx) or any other contract entered into in accordance with this Agreement (including payments made to cash collateralize obligations with respect to security required under any contract or any letter of credit related thereto, in each case, up to the applicable amount required by such contract), capital expenditures and other expenses, in each case, solely for operating such Project and maintaining such Project in good repair and operation condition in accordance with Prudent Industry Practices (and not related to expansion or other build-out of such Project), costs of obtaining any other materials, supplies, spare parts, utilities or services for the Project, repair and replacement costs for equipment included in the Project, remediation costs in respect of the Project, legal, accounting and consulting fees and expenses paid by the owner of such Project in connection with the management, maintenance or operation of such Project, fees paid in connection with obtaining, transferring, maintaining or amending any Permits (including amounts paid to cash collateralize obligations with respect to any Permit or a related letter of credit, in each case, up to the applicable amount required by such Permit or letter of credit provider, as applicable), employee salaries, wages and other expenses, and reasonable general and administrative expenses, business management and administrative service fees, reasonable expenses to keep the Collateral free and clear of all Liens (other than Permitted Liens), all indemnities and other arrangements providing for the payment of amounts to independent con...