Operating and Maintenance Expenses definition

Operating and Maintenance Expenses means all current expenses of operating and maintaining the System, including all salaries, labor, materials, and administrative costs, allocable under generally accepted accounting principles, to the System. Depreciation charges and other costs and disbursements which may be capitalized under generally accepted accounting principles shall not be considered Operating and Maintenance Expenses.

Operating and Maintenance Expenses means, for any Fiscal Year, the costs incurred by the Company, 407 ETR and any other Subsidiaries in operating and maintaining Highway 407 during such Fiscal Year in accordance with generally accepted accounting principles; provided, however, that Operating and Maintenance Expenses shall not include: (a) Annual Debt Service; (b) any allowance for amortization, depreciation or obsolescence of the assets owned or used in connection with the Project; (c) any extraordinary items arising from the early extinguishment of Indebtedness; (d) any costs or charges for capital additions, acquisitions, replacements, betterments, extensions or improvements which, under generally accepted accounting principles, are properly charged to the capital account or the reserve for amortization or depreciation; (e) any losses from the sale, abandonment, reclassification, revaluation or other disposition of any assets in accordance with this Indenture; and (f) amounts payable out of the Construction Fund in respect of Construction Work or Other Construction Work. Operating and Maintenance Expenses for any Fiscal Year shall include (i) amounts due and payable under the Concession Agreement and other Project Agreements in respect of such Fiscal Year other than as set out above; (ii) amounts paid as taxes in respect of such Fiscal Year (excluding, for certainty, any deferred taxes not yet payable); and (iii) the amount of contributions made and other amounts paid by the Company, 407 ETR or the Subsidiaries to or in respect of pension plans maintained for its employees and former employees and premiums and other amounts paid by the Company, 407 ETR or any other Subsidiaries in respect of any insurance plans maintained for their employees or former employees.

Operating and Maintenance Expenses or "O&M Expenses" means those expenses designated as "Costs of Operation and Maintenance" in Section 13 of Ordinance No. 155.

Examples of Operating and Maintenance Expenses in a sentence

• The Developer and Connecting Transmission Owner shall each provide advance notice to the other Party, and to NYISO, before undertaking any work on such circuits, especially on electrical circuits involving circuit breaker trip and close contacts, current transformers, or potential transformers.10.5 Operating and Maintenance Expenses.

• For example, the 1991 Master Bond Resolution includes in the definition of Operating and Maintenance Expenses (which is used to calculate Net Revenues) “the payment of pension charges … with respect to employees of the Commission…” (emphasis added) and excludes a number of noncash accrual items.

• Neither the Company nor 407 ETR will, nor will the Company allow any Subsidiary to, enter into any Swap Agreement, or any other similar agreement except pursuant to a Swap Agreement for the purpose of hedging Indebtedness or Operating and Maintenance Expenses.

• Power) Water Gas Sewer Owner-paid unit amenities Subtotal Utilities Expenses Operating and Maintenance Expenses Payroll Supplies Contracts Operating and Maintenance Rent Free Unit Garbage and Trash Removal Security Payroll/Contract (incl.

• A rent increase may be considered justified if it is found that the aggregate cost of 12 Operating and Maintenance Expenses has increased over a 12-month period preceding the date 13 of filing the petition ("Year 2"), compared to the Operating and Maintenance Expenses incurred 14 in the 12 months prior to Year 2 ("Year 1"), in a percentage amount of the tenant's rent above 15 the percentage amount equal to the allowable annual rent increase.

More Definitions of Operating and Maintenance Expenses

Operating and Maintenance Expenses means all normal expenses incurred by

Operating and Maintenance Expenses has the meaning set forth in the Transportation Resolution.

Operating and Maintenance Expenses means, for any period, all amounts disbursed by or on behalf of the Issuer or any Subsidiary of the Issuer in such period for operation, maintenance, administration, repair (other than repair done in response to a casualty event), or improvement of a Project, including, without limitation, premiums on insurance policies, property and other taxes, litigation expenses and costs, payments under leases, royalty and other land use agreements, and fees, expenses, and any other payments required under the Project Documents; provided, "Operating and Maintenance Expenses" shall not include (i) any payment made in respect of the Financing Documents or with respect to any Indebtedness, (ii) any payment or dividends or other distributions to Ormat Nevada or any of the Issuer's other Affiliates other than payments under Project Documents, (iii) any tax paid or payable by any of the Issuer's direct or indirect equity owners with respect to the Issuer's income or receipts or (iv) any amounts for construction related to the Galena Re-powering.

Operating and Maintenance Expenses means all normal expenses incurred by the County in causing the System to be maintained in good repair, working order and condition and includes payments to any private or governmental agency for the operation or maintenance of facilities or for the disposal of sewage but excludes any allowance for depreciation.

Operating and Maintenance Expenses means, for any Fiscal Year, the costs incurred by the Company, 407 ETR and any other Subsidiaries in operating and maintaining Highway 407 ETR during such Fiscal Year in accordance with generally accepted accounting principles; provided, however, that Operating and Maintenance Expenses shall not include:

Operating and Maintenance Expenses means the reasonable operating and maintenance expenses of the System which shall be deemed to include all costs of heating and lighting the buildings, improvements or facilities comprising the System, insurance, the cost of services of employees operating and maintaining the buildings, improvements or facilities comprising the System, the cost of food, repairs, costs of reasonable replacements of equipment and any other incidental costs not herein specifically enumerated, but which are reasonably necessary to

Operating and Maintenance Expenses means, for any Fiscal Year, the costs incurred by the Company, 407 ETR and any other Subsidiaries in operating and maintaining Highway 407 ETR during such Fiscal Year in accordance with generally accepted accounting principles; provided, however, that Operating and Maintenance Expenses shall not include: (a) Annual Debt Service; (b) any allowance for amortization, depreciation or obsolescence of the assets owned or used in connection with the Project; (c) any extraordinary items arising from the early extinguishment of