Operations and Maintenance Fee definition

Operations and Maintenance Fee means the charges which Mesa will be authorized to charge and collect from CIG for performance of its duties as Operator under the Operating Agreement.
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Operations and Maintenance Fee means the amount charged for the Contractor’s operations and maintenance services.
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Operations and Maintenance Fee means the fee calculated in accordance with Exhibit "B" and due and payable in accordance with Section 5.1.
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Examples of Operations and Maintenance Fee in a sentence

  • Whenever any installment of the Guaranteed Price (or any payment of an Operations and Maintenance Fee, Production Fee, late charge or other amount) is due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day.

  • CUC shall pay an Operations and Maintenance Fee in the amount of Fifty Thousand Dollars ($50,000) per month for services rendered by Contractor in managing power production and operating the Plant from the date of Substantial Completion and for as long as the Operations and Maintenance portion of this Agreement is in effect in accordance with Section 16.1 hereof.

  • The Capacity Fee and the Operations and Maintenance Fee shall be calculated based on "V&H" miles between Grantor's gateway facilities.

  • In the event the above-described index shall cease to be computed or published, Grantor may, in its reasonable discretion, designate a successor index to be used in determining any increase to the Operations and Maintenance Fee.

  • The Operations and Maintenance Fee set forth in Exhibit "B" shall be increased on each anniversary of the Acceptance Date of the first Segment by the lesser of (a) the increase, if any, in the Consumer Price Index, All Urban Consumers (CPI-U), U.S. City Average, published by the United States Department of Labor, Bureau of Labor Statistics, for the preceding twelve (12) month period, or (b) [ * ].

  • Any such taxes required to be paid by Grantor shall be separately noted and added to the Operations and Maintenance Fee.

  • Each party shall be responsible only for its obligations and shall be liable only for its proportionate share of the Operations and Maintenance Fee and of the Administrative Fee, as set forth in the accounting procedure attached hereto as Exhibit "C." It is not the intention of the parties to create, nor shall this Operating Agreement be construed as creating, a joint venture, mining or other partnership or association, or to render the parties liable as partners.

  • Also on or before November 30 of each year, the Engineering Committee shall make an estimate of the total volume of gas to be produced and delivered from such wells during the succeeding y▇▇▇, and thereby determine the rate per Mcf to be billed to CIG as the Operations and Maintenance Fee for the succeeding year.

  • Upon expiration of each Lease Term (and provided that Grantee is not then in default in the performance hereof, including (but not limited to) its payment in full of the Capacity Fee and the Operations and Maintenance Fee), Grantor shall grant to Grantee, and Grantee shall acquire from Grantor, an exclusive indefeasible right of use in, for the purposes described herein and for the IRU Term (as defined in Article 6 hereof), the Capacity between the Segment End Points for each such Segment (the "IRU").

  • The Operations and Maintenance Fee for the first and last month of the Term shall be prorated based on a thirty (30) day month.