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.
View Source
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.
View Source
O&M Expense means expenses incurred by or on behalf of the Concessionaire
View Source

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.

  • 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.

  • Such scales shall have an accuracy of not less than 0.25% and shall be calibrated by an independent third party at a minimum of once per year or more often as required by the manufacturer’s instructions or Prudent Operating and Maintenance Practices, the cost of which calibration shall be an O&M Expense.

  • Upon the reasonable request of Off-Taker, Provider shall process blends of Coals for trial purposes at the Plant for up to ***** (*****) Coal blend trials in each Contract Year as an O&M Expense, Coke produced from such trial Coal blends shall be delivered by Provider to Off-Taker at the Coke Delivery Point.

  • There shall be excluded from Incidental Net Revenue an amount equal to the Incidental Services’ proportionate share of all O&M Expense and Other Taxes.

  • Customer shall receive a credit for the use of the ELC Liquefaction Facilities by SLNG in an amount equal to the variable portion of the O&M Expense Fee and variable portion of the Electric Power Fee, all as more particularly set forth in Exhibit D, applicable to the volumes of Gas cycled by SLNG during a month.

  • It is further agreed that any such inability or commercially reasonable delay to furnish the O&M Services required hereunder shall not be considered an eviction, actual or constructive, of Tenant from the Premises, and shall not entitle Tenant to terminate this Agreement or to an abatement of any Estimated O&M Expense Fee payable hereunder (or Fee under the ET Easement).

  • The Municipality shall be required to contribute to and share in the Costs of any other capital expansions or upgrades, improvements, modifications, extraordinary repairs or replacements not considered an O&M Expense, and other projects deemed by York to be of a capital nature and undertaken by York with respect to the Treatment Plant (“Capital Costs”).

  • Consequent to the development of the Additional Facility, IRSDC and the Facility Manager shall mutually agree on the impact of such development on the Operating Budget and the Adjusted Profit on account of increase O&M Expense and manpower cost and make appropriate adjustments to the Operating Budget and the Management Fee due to the Facility Manager.

  • Duly Authorized Print Name: ▇▇▇ ▇▇▇▇▇▇▇ Title: VP, Treasurer 1 Total Rent Paid to UES $ 403,445 2 O&M Expense charges to URC - 3 Amortization of Leasehold Improvements 118,667 4 Income Tax 30,374 5 Return 127,092 6 Costs to be Charged to Unitil Service Corp.


More Definitions of O&M Expense

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.
View Source
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.
View Source
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,
View Source
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.
View Source
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.
View Source
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.
View Source

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, for any period, the aggregate amount of rental expense according to GAAP with respect to leases of real and personal property (but excluding obligations in respect of Capital Leases) for such period.