O&M Expense definition

O&M Expense means expenses incurred by or on behalf of the Concessionaire, duly certified by its Statutory Auditors for all regularly scheduled and reasonably anticipated O&M during Operations Period, including, without limitation (a) all cost of salaries and other employee compensation and contract fee payable to the O&M Contractor, if any, (b) cost of materials, supplies, utilities and other services, (c) premia for insurance, (d) all franchise, excise, property and other similar taxes and all costs and fees incurred in order to obtain and maintain all Applicable Permits necessary for the O&M of the Project/Project Facility at its full design capacity, (e) all repair, replacement and maintenance costs of the Project/Project Facility, and (f) all other expenditures required to be incurred under Applicable Law or under Applicable Permits necessary for the operation and maintenance of the Project according to the Specifications and Standards at its full design capacity.
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O&M Expense means expenses incurred by or on behalf of the Concessionaire, duly certified by its Statutory Auditors for all regularly scheduled and reasonably anticipated O&M during Operations Period, including, without limitation (a) all cost of salaries and other employee compensation and contract fee payable to the O&M Contractor, if any, (b) cost of materials, supplies, utilities and other services, (c) premia for insurance, (d) all franchise, excise, property and other similar taxes and all costs and fees incurred in order to obtain and maintain all Applicable Permits necessary for the O&M of the Project/Project Facility at its full design capacity, (e) all repair, replacement and maintenance costs of the Project/Project Facility, and (f) all other expenditures required to be incurred under Applicable Law or under Applicable Permits necessary for the operation and maintenance of the Project according to the Project Requisites at its full design capacity.
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O&M Expense means expenses incurred by or on behalf of the Concessionaire duly certified by its Statutory Auditors or by MPRDC, as the case may be, for all regularly scheduled and reasonably anticipated O&M during Toll Period, including, without limitation (a) all cost of salaries and other employee compensation and contract fee payable to the O&M Contractor, if any (b) cost of materials, supplies, utilities and other services (c) premia for insurance (d) all franchise, excise, property and other similar taxes and all costs and fees incurred in order to obtain and maintain all Applicable Permits necessary for the O&M of the Project Highway at its full design capacity, (e) all repair, replacement and maintenance costs of the Project Highway, and (f) all other expenditures required to be incurred under Applicable Law or under Applicable Permits necessary for the operation and maintenance of the Project Highway according to the Specifications and Standards at its full design capacity.
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Examples of O&M Expense in a sentence

  • In the event any O&M Expense agreed to and paid by Transco hereunder is determined by FERC to be unjust and unreasonable and not eligible for rate recovery by Transco, Con Edison will specify a new rate, term or condition that is just and reasonable and not unduly discriminatory or preferential and that is thereafter to be used.

  • Regulation 27 (3) of JERC for the State of Goa and Union Territories (Terms and Conditions for Determination of Tariff) Regulations, 2009 provides for O&M Expense for a distribution licensee.

  • Accordingly, the Commission has only considered one Month O&M Expense towards the wheeling activity only.

  • The calculation of O&M Expense payable by Transco from the Effective Date through December 31, 2016 is set forth in the Initial Budget attached as Exhibit C.

  • Expenses: O&M Expense Adjustments (Non Payroll) - Each Evaluation Report may include adjustments to the previous calendar year O&M Expense based on known and measurable changes in the Evaluation Period.

  • We also identified amounts on the O&M Expense Allocation Schedule that are subtracted as subregional.

  • The method used to determine ISO O&M Expense shall be to allocate total recorded O&M Expenses as stated in FERC Form 1 based on specific allocation factors applied to the expenses recorded to the O&M accounts set forth in Schedule 19 of the Formula Rate Spreadsheet.

  • Such scales shall have an accuracy of not less than 0.25%, and shall be maintained and calibrated in accordance with the manufacturer’s instructions, the cost of which calibration shall be an O&M Expense.

  • Non-pension O&M Expense (1) Pension Expense Manage Staffing Levels Control General and Administrative Expenses Capture Productivity Gains (1) Excludes O&M related to PSE&G clauses We have successfully managed our O&M … … through benchmarking efforts and operational excellence.

  • O&M Expense Adjustments (Non Payroll) - Each Evaluation Report may include adjustments to the previous calendar year O&M Expense based on known and measurable changes by the end of the year following the Evaluation Period.


More Definitions of O&M Expense

O&M Expense means expenses incurred by or on behalf of the Concessionaire
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O&M Expense means expenses incurred by or on behalf of the Concessionaire, duly certified by its Statutory Auditors for all regularly scheduled and reasonably anticipated O&M during Operations Period, including, without limitation (a) all cost of salaries and other employee compensation and contract fee payable to sub vendors, if any, (b) cost of materials, supplies, utilities and other services,
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O&M Expense means operating and maintenance expenses related to Host Customer Agreements. For the avoidance of doubt, “ O&M Expense ” shall not include Performance Guaranty Obligations.
Sample 1
O&M Expense means expenses incurred by or on behalf of the Concessionaire duly certified by its statutory auditors or by the Authority, as the case may be, for all regularly scheduled and reasonably anticipated O&M during Operations Period, including, without limitation (a) Monthly Premium payable to the Authority (b) Concession Fee payable by the Concessionaireto the Authority(c) all cost of salaries and other employee compensation (d) cost of materials, supplies, utilities and other services (e) premium for insurance (f) all franchise, excise, property, advertisement and other similar taxes and all costs and fees incurred in order to obtain and maintain all Applicable Permits necessary for the O&M of the Project at its full design capacity, (g) all repair, replacement and maintenance costs of the Project, and (h) all other expenditures required to be incurred under Applicable Law or under Applicable Permits necessary for the O&M of the Project according to the Service Requirements at its full design capacity.
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O&M Expense means operating and maintenance expenses related to Host Customer Agreements. For the avoidance of doubt, “O&M Expense” shall not include Performance Guaranty Obligations.
Sample 1
O&M Expense means expenses incurred by the entity claiming the experience on operations, maintenance and/or facilities management of the Eligible Project, including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) premium for insurance, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under any contract in connection with or incidental to O&M. However, O&M Expense shall not include debt repayments, interests and investments on any other purpose not incidental to the O&M.
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Related to O&M Expense

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Covered Expense means expense incurred only for the following:

  • Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Rent Expense means, as to any Person for any period, the aggregate rent and lease expenses recorded by such Person and its Subsidiaries on a consolidated basis in conformity with GAAP pursuant to any Operating Lease.

  • Lease Expense means, with respect to any Person, for any period for such Person and its subsidiaries on a Consolidated basis, lease and rental expense accrued during such period under all leases and rental agreements, other than Capital Leases and leases of personal property, determined in conformity with GAAP.

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • Consolidated Rent Expense means, with reference to any period, all payments under Operating Leases to the extent deducted in computing Consolidated Net Income, calculated in accordance with GAAP for the Borrower and its Subsidiaries on a consolidated basis for such period.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is: • covered at least in part under one or more plans covering the person for whom the claim is made; and • incurred while this plan is in force. When a plan provides healthcare coverage in the form of services, the reasonable cash value of each service is considered as both an allowable expense and a benefit paid. Vision care services covered under other plans are not considered an allowable expense under this plan. PLAN means any of the following that provides benefits or services for medical, pharmacy, or dental care treatment. If separate contracts are used to provide coordinated coverage for members of a group, the separate contracts are considered parts of the same plan and there is no COB among those separate contracts.

  • Consolidated Lease Expense for any period, the aggregate amount of fixed and contingent rentals payable by the Parent Borrower and its Restricted Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated basis in accordance with GAAP.

  • Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Interest Expense means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • O&M Costs as defined in the Depositary Agreement.

  • Independent expenditure means an expenditure by a person:

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Base Operating Expenses means the Operating Expenses for the Base Year.