Sustaining Costs definition
Examples of Sustaining Costs in a sentence
From and after the delivery of such Notice by NLH, the Partnership shall no longer have the right under the LIL Lease to fund and earn a return (as such return is provided for in the LIL Lease) on such applicable Sustaining Costs.
Subject to Section 2.5(g), if, within 10 days from delivery of such 2.5(a) Notice, such default of the Partnership is not rectified and all Losses arising from such defaults have not been paid to Opco and NLH, NLH shall have the right, exercisable by delivery of a Notice to Opco and the Partnership, to require Opco to continue to carry out the Sustaining Activities and NLH shall pay to Opco the applicable Sustaining Costs, which payments shall be made by NLH directly to the Opco Project Operating Account.
Any change in the amount of Rent to be paid by Opco to the Partnership as a result of the payment by the Partnership of Sustaining Costs shall commence at the start of the Operating Year following the determination of the change in Rent.
The Partnership shall continue to have the right to fund and earn a return (as such return is provided for in the LIL Lease) on future Sustaining Costs.
From time to time Opco shall deliver to the Partnership invoices for Sustaining Costs.