Operating Expenses Plan definition
Examples of Operating Expenses Plan in a sentence
In addition to accounting for the cost consequences arising from the Operating Expenses Plan and the Capital Expenditure Plan, the Rate Model shall make provision for the accumulation of a reserve amount to be used for future Capital Expenditures and debt repayment priorities and the amount accumulated for this purpose shall be consistent with the Water System Financial Plan and this Agreement.
Subsequently, any Proposed OEP shall be submitted to the Chair ofWUC no later than sixty (60) days prior to the end of period for the Operating Expenses Plan in effect from time-to-time.
The Water Rates shall encompass multiple consecutive calendar years that correspond with any applicable confirmed Operating Expenses Plan or Capital Expenditure Plan.
The Operating Expenses Plan shall remain effective until replaced by a new or revised plan.
The funds in the Operating Accounts shall be used to pay the following, listed on a priority basis: (i) any debt service and statutory obligations of WUC; (ii) Operating Expenses as they become due in accordance with the Operating Expenses Plan and to En Win under this Agreement; (iii) Capital Expenditures as they become due in accordance with the Capital Expenditure Plan and to EnWin under this Agreement; and (iii) all other fees and indemnities payable by WUC to any Person.
However, any adjustment must be only in respect of the increment in Water Rates above Implementation Rate Change and must ensure that all of WUC's debt obligations can be satisfied, the Operating Expenses Plan and Capital Expenditure Plan remain achievable and WUC is in compliance with this Agreement, Prudent Industry Practice and all Applicable Laws.
In addition, Takeda may propose updates to the Other Operating Expenses Plan and the Other Operating Expenses Budget as reasonably necessary from time-to-time during a Calendar Year.
In this circumstance, En Win shall adopt the Proposed OEP as the Operating Expenses Plan and WOC shall provide all necessary funds to En Win for such reasonable expenditures to implement the Operating Expenses Plan, including Third Party Costs.
In the event there is a Revised Operating Expenses Plan or a Revised Capital Expenditure Plan, EnWin shall provide to WUC a proposed Water Rate based upon a revised result from the Rate Model.
During the term of the Dispute, En Win shall proceed, to the extent practicable, with those parts of the Proposed OEP that are not the subject of Dispute and those parts shall be deemed to be confirmed and form part of the Operating Expenses Plan.