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 means all normal expenses incurred by
Examples of Operating and Maintenance Expenses in a sentence
MAINTENANCE 39 10.1 Connecting Transmission Owner Obligations 39 10.2 Developer Obligations 39 10.3 Coordination 39 10.4 Secondary Systems 39 10.5 Operating and Maintenance Expenses 39 ARTICLE 11.
MAINTENANCE 30 10.1 Connecting Transmission Owner Obligations 30 10.2 Transmission Developer Obligations 30 10.3 Coordination 30 10.4 Secondary Systems 31 10.5 Operating and Maintenance Expenses 31 ARTICLE 11.
MAINTENANCE 28 10.1 Connecting Transmission Owner Obligations 28 10.2 Transmission Developer Obligations 28 10.3 Coordination 29 10.4 Secondary Systems 29 10.5 Operating and Maintenance Expenses 29 ARTICLE 11.
MAINTENANCE 42 10.1 Connecting Transmission Owner Obligations 42 10.2 Developer Obligations 42 10.3 Coordination 42 10.4 Secondary Systems 42 10.5 Operating and Maintenance Expenses 42 ARTICLE 11.
OPERATIONS 21 9.1 General 21 9.2 NYISO and Connecting Transmission Owner Obligations 21 9.3 Operating and Maintenance Expenses 22 9.4 Start-Up and Synchronization 22 9.5 Reserved 22 9.6 Reserved 22 9.7 Reserved 23 9.8 Reserved 23 9.9 Disturbance Analysis Data Exchange 23 9.10 Reserved 23 ARTICLE 10.
More Definitions of Operating and Maintenance Expenses
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 shall include payments to any private or governmental agency for the operation or maintenance of facilities or for the disposal of sewage but shall exclude any allowance for depreciation.
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.
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 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
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, 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 and 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 operate and maintain the buildings, facilities, improvements and equipment comprising the System.