O&M Costs. 2.3.1 For every barrel of Fuel Oil burned in furtherance of G.2 that is eligible for commodity cost compensation in accordance with Section 4.1.9.2 of the Services Tariff, the NYISO shall also pay Ravenswood a per barrel O&M Cost as noted in confidential Appendix A for Fuel Oil Burn for G.2 associated with the use of the ancillary Fuel Oil equipment at the Ravenswood Generating Station. The O&M Cost shall be fixed for the term of this Implementation Agreement and shall not be subject to escalation.
O&M Costs. Sums shall be transferred to the Operating Accounts for the payment of Senior O&M Costs as provided in this Section 7.2.2. On or before the fifth Banking Day prior to the last Banking Day of each month during which Borrower desires to transfer sums to the Operating Account for the corresponding Project for the payment of Senior O&M Costs incurred in respect of the corresponding Project, Borrower shall submit to Administrative Agent a certificate in the form of Exhibit C-6 detailing the amounts to be so transferred ("Disbursement Requisition"), which amounts shall not exceed the Senior O&M Costs incurred in respect of the corresponding Project which have become, or are anticipated to become, due and payable during such month. Administrative Agent shall review such Disbursement Requisition within five Banking Days following receipt thereof, and shall transfer the amounts specified therein to the applicable Operating Account for application in accordance with Waterfall Level 1 to the extent 85 100 that such expenditures are in accordance with the terms of the applicable Annual Operating Budget and this Agreement, as such budget may be exceeded pursuant to the terms hereof. Notwithstanding anything in this Section 7.2.2 to the contrary, the transfers to, and expenditures from, the Revenue Account or a sub-account therein for Senior O&M Costs (other than O&M Costs incurred in an emergency and fuel costs) payable pursuant to Waterfall Level 1 shall not, without Administrative Agent's consent, exceed 115% of the aggregate amounts specified in such Annual Operating Budget. Notwithstanding anything to the contrary in this Agreement, in no event shall the "Annual Base Fee" (as defined in the O&M Agreements) be greater than the amount specified therefor in the then-applicable Annual Operating Budget. Borrower shall promptly pay or cause to be paid all Senior O&M Costs in excess of the amounts permitted under the preceding sentence by Contributions of additional funds; provided, however, that if Administrative Agent subsequently approves a variation in such Annual Operating Budget which would have allowed the payment of such excess Senior O&M Costs, Borrower shall be entitled to recover any such Senior O&M Costs previously paid by Contributions of additional funds at Waterfall Level 1. Each Disbursement Requisition shall reflect a reduction in the Senior O&M Costs for which Borrower requests that funds be transferred to the Operating Account during such month for any ...
O&M Costs. No later than 90 days after the completion of the annual independent audit or March 31st, DC Water shall prepare an annual bill for the purpose of reconciling payments made during the year by Fairfax and WSSC. This bill shall be based upon the actual costs incurred by each Party; such information to be provided to DC Water by Fairfax and WSSC within 30 days after the close of each DC Water fiscal year.
O&M Costs. The maximum bonus or liquidated damages capable of being earned by or assessed against Operator in the O&M Costs category of the AFAA shall be Twenty-Five Thousand and 00/100 Dollars ($25,000.00). During each Project Year, this Agreement contemplates the existence of an Approved Operating Budget Developing reliable budgets based on obtainable forecasts and realistic expectations, and receiving such budgets and any revisions thereof in a timely manner, are essential elements of Owner's ability to monitor its investment in the Facility. Owner shall evaluate and compare the Approved Operating Budget for a given Project Year against the costs and expenses actually incurred and, subject to Owner's sole and complete discretion, award Operator a bonus of up to Twenty-Five Thousand and 00/100 Dollars ($25,000.00) or assess Operator with liquidated damages of up to Twenty-Five Thousand and 00/100 Dollars ($25,000.00) in the O&M Costs category of the AFAA.
O&M Costs. Subject to provisions herein addressing the use of facilities by others, MHVDC Connection Customer shall be responsible for any costs including overheads incurred by Transmission Owner to own, operate and maintain the Transmission Owner Connection Facilities in accordance with Good Utility Practice after such facilities have been placed into service.
O&M Costs. In June of 2020 and in January of each subsequent year, HASP shall present the Operating Committee with the estimated annual O&M Costs and each Parties’, except Park County’s, pro rata portion of such costs for that calendar year for approval. Upon approval, which shall not be unreasonably withheld, the Parties, except Park County, shall deposit into the Account their pro rata portion of O&M Costs. The annual O&M Costs shall include, but not be limited to the Insurance Costs required by the License described in Section 7 of EXHIBIT B and the Administration Costs described in ¶ 6 EXHIBIT E. Any party that may hold an insurance policy that covers repair or replacement of the Gage agrees to dedicate any proceeds from a claim involving the Gage to the repair or replacement of the Gage.
O&M Costs. Owner shall advance funds for the payment of, or reimbursement to Operator for, the below-enumerated costs to the extent actually incurred (such costs being the “O&M Costs”); provided that Owner shall not have any obligation to pay or reimburse any such amount to the extent such amount, when taken together with other amounts not approved by Owner hereunder, is more than ***** in excess (in the aggregate for the one year period following the Commencement Date) of the aggregate amount of the Budget or the relevant Major Line Item, if applicable (other than additional amounts approved by Owner in a Budget overrun proposal or amounts otherwise specifically excluded from this calculation under this Agreement, including those in Section 5.1(e)):
O&M Costs. Operations and Maintenance Costs shall include:
O&M Costs. Ongoing costs of owning, operating, maintaining, and replacing the Interconnection Facilities, control center monitoring of the Facility’s parallel operations, and administrative activities during the Term. OATT: Southern Companies’ Open Access Transmission Tariff, under which GPC and other GPC Affiliates provide transmission service in accordance with FERC requirements, found at xxxxx://xxx.xxxxx.xxxx.xxx/SOCO. Operator: A third party entity, including a Generator Affiliate, engaged to operate any part of the Facility on Generator’s behalf. Party: GPC or Generator; together, the “Parties.” PCC: SCS Power Coordination Center.
O&M Costs. Owner shall pay directly pursuant to Section 5.3, or reimburse Operator (on a monthly basis) to the extent Operator in its sole discretion elects to pay any such costs directly, for the below-enumerated costs to the extent actually incurred by Operator pursuant to this Agreement (such costs being the “O&M Costs”); provided that Owner shall not have any obligation to pay or reimburse any such amount with respect to any Operation Year to the extent such amount, when taken together with other amounts not approved by Owner hereunder, is more than ***** in excess (in the aggregate for any Operation Year) of the aggregate amount of the Budget or the relevant Major Line Item, if applicable (other than additional amounts approved by Owner in a Budget overrun proposal or amounts otherwise specifically excluded from this calculation under this Agreement, including those in Section 5.1(e)):
