OMRC definition

OMRC means the charges imposed by HS1 Ltd under the Contract with regard to the operations, maintenance and renewals costs comprising the DI Costs, the Avoidable Long-Term Costs, the Common Long-Term Costs and the Pass Through Costs;
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OMRC means the charges imposed by HS1 Ltd under the Contract with regard to the operations, maintenance and renewals costs comprising the DI Costs, the LTOP Costs and the Pass Through Costs;
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Examples of OMRC in a sentence

  • Until completion of the Project and connection of the entire Annexation Property to the CSA 23 water system, Owner shall be charged and shall pay all OMRC Costs that exceed the CSA 23 and CSA 23A revenue collected from the Existing Fees and CIP Fee ("Excess OMRC Costs").

  • Owner acknowledges that Existing Fees and the CIP Fee will not result in the collection of sufficient revenue to cover the costs of the operation, maintenance, repair, replacement, reconstruction, and/or capital improvements relating to the CSA 23 water system {"OMRC Costs") prior to completion of the Project and connection of the entire Annexation Property to the CSA 23 water system.

  • In order to secure the obligation of the Owner to pay for any and all Excess OMRC Costs, the Owner shall provide the CSA with an irrevocable, unconditional, and non-transferable standby letter of credit (the "OMRC LOC") upon the CSA's acceptance of the offers of dedication of Offsite Improvements and Owner's Improvements required for the CSA to serve the Annexation Property in Phase 1.

  • On July 1 of each fiscal year thereafter, the CSA will evaluate the OMRC LOC to determine if it should be decreased.

  • CSA shall periodically provide Owner an invoice for Excess OMRC Costs and amounts unpaid thirty (30) days from the date of the CSA's invoice shall bear interest at the rate of 1.5% per month beginning thirty (30) days after the date of said invoice.

  • HS1 Ltd shall levy and the Train Operator shall pay any change in the OMRC as may be agreed or determined pursuant to a Network Change proposed by HS1 Ltd under Part G of the HS1 Network Code.

  • Any such change in OMRC shall take effect only when it has been approved by the ▇▇▇.

  • If the OMRC is lost or stolen, contact the Strategic Supplier Program at ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ or ▇▇▇-▇▇▇-▇▇▇▇.