Operating Cash Available for Debt Service means, for any period, Project Revenues during such period minus O&M Costs during such period.
Operating Cash Available for Debt Service means, for any period, Project Revenues during such period minus (a) O&M Costs during such period, and (b) deposits into the MEC Major Maintenance Reserve Account or the FEC Major Maintenance Reserve Account during such period.
Operating Cash Available for Debt Service for any period, (a) the sum of all Project Revenues received by the Obligors during such period minus (b) O&M Costs paid by the Obligors.
More Definitions of Operating Cash Available for Debt Service
Operating Cash Available for Debt Service means, for any period, Project Revenues during such period plus, without duplication, the Prepaid Expense Amount allowed to be withdrawn from the Revenue Account with respect to such period minus O&M Costs during such period.
Operating Cash Available for Debt Service means, for any Reference Period, the difference of (i) all income and cash revenues received by the Borrower during such period, including all distributions and other payments of any nature made to the Borrower from its Subsidiaries and all other income, revenue or other amounts, however earned or received by the Borrower during such period (other than (a) the proceeds of the Loans and (b) any proceeds of insurance, condemnation award or other compensation in respect of any Casualty Event) for such period, minus (ii) all operating expenses of the Borrower for such period.
Operating Cash Available for Debt Service means, for any applicable period, cash that is distributable to the Borrower from each of the Project Companies and to the Class B Member from the Yaphank Project Holdco pursuant to the Yaphank Project Holdco LLC Agreement.
Operating Cash Available for Debt Service means, for any period, (a) Project Revenues received during such period minus O&M Costs paid (provided that O&M Costs relating to real property Taxes and insurance premiums shall, for purposes of this definition, be accounted for by ratably allocating such amounts over the period to which they apply rather than accounting for them solely during the period in which they were paid).
Operating Cash Available for Debt Service means, for any Measurement Period, (a) all Revenues during such period minus (b) the sum computed, without duplication, of all Operating & Maintenance Expenses paid pursuant to Section 3.2(c)(i) of the Depositary Agreement during such period; provided that (i) Operating Cash Available for Debt Service for the Fiscal Quarter that ended on December 31, 2014 shall be deemed to be $16,238,352, (ii) Operating Cash Available for Debt Service for the Fiscal Quarter that ended on March 31, 2015 shall be deemed to be $9,568,734, and (iii) Operating Cash Available for Debt Service for the Fiscal Quarter that ended on June 30, 2015 shall be deemed to be $8,847,512.
Operating Cash Available for Debt Service means, for any calendar quarter (i) all payments from the sale of electricity (including energy and capacity) generated or distributed by the Facility, net payments receivable by Seller under interest rate hedging agreements, proceeds of business interruption insurance, and investment income on amounts in reserve accounts (but only to the extent not retained in such reserve accounts), minus (ii) (A) all operation and maintenance costs which shall not include (1) major maintenance costs paid from the major maintenance reserve account, (2) emission offset costs paid from the emission offset reserve account, (3) depreciation, (4) payments for repair or restoration of the Facility made from insurance proceeds and other amounts in the loss proceeds account, (5) the subordinated portion of the fee payable to the Facility operator, (6) any subordinated debt amounts, (7) distributions of any kind to Seller and (8) capital expenditures other than those included in and approved as part of Seller's annual operating budget, and (B) deposits into the major maintenance reserve account, the emissions offsets reserve account and the expense accrual subaccount established under the Financing Documents, all as more particularly described in the Financing Documents.