Cost of Operation and Maintenance means the actual cost incurred by the Landlord with respect to the operation, maintenance and repair of the Center and the curbs and sidewalks adjoining the same, including, without limitation, the cost incurred for air conditioning; mechanical ventilation; heating; interior and exterior cleaning; rubbish removal; window washing (interior and exterior, including inside partitions); elevators; escalators; hand tools and other moveable equipment; portxx xxx matron service; electric current, steam, water and other utilities; protection and security service; repairs; maintenance; fire, extended coverage, boiler, sprinkler, apparatus, public liability and property damage insurance; supplies; wages, salaries, disability benefits, pensions, hospitalization, retirement plans and group insurance respecting service and maintenance employees; uniforms and working clothes for such employees and the cleaning thereof; expenses imposed pursuant to any collective bargaining agreement with respect to such employees; payroll, social security, unemployment and other similar taxes with respect to such employees; Sales, use and other similar taxes; water rates; sewer rents; charges of any independent contractor who does any work with respect to the operation, maintenance and repair of the Center and the curbs and sidewalks adjoining the same; and the annual depreciation or amortization over the useful life thereof of costs, including financing costs, incurred for any equipment, device or other capital improvement made or acquired which is either intended as a laborsaving measure or to effect other economies in the operation, maintenance or repair of the Center and said curbs and sidewalks (provided that the annual benefits anticipated to be realized therefrom are reasonably related to the annual amount to be amortized) or which is required by any change in laws, ordinances, rules, orders or regulations of governmental authorities or insurance bodies, provided, however, that the term "Cost of Operation and Maintenance" shall not include (1) Real Estate Taxes, special assessments, franchise taxes or taxes imposed upon or measured by the income or profits of the Landlord, (2) except for depreciation and amortization hereinabove provided for in this subparagraph, and the depreciation and amortization of the cost of any hand tools or other moveable equipment, the cost of any item which is, or should in accordance with sound accounting practice be, capitalized on the books of the La...
Cost of Operation and Maintenance means the then current expenses, paid or accrued, in the operation, maintenance and repair of the Utility System, as calculated in accordance with generally accepted accounting principles, including, but not limited to, general administrative and indirect labor costs, personal services, contractual services, repairs and maintenance, and materials and supplies, but shall not include expenses not annually recurring, any reserve for renewals and replacements, extraordinary repairs or any allowance for depreciation, any Bond Service Requirement, any payments in lieu of taxes, franchise fees or other transfers.
Cost of Operation and Maintenance means the costs of operation, maintenance, and routine repairs and the costs incurred by the water users' association or the department in the distribution of water from the project, excluding the department's administrative costs.
Examples of Cost of Operation and Maintenance in a sentence
If Tenant institutes such Arbitration procedures, then the Arbitrator shall have the power to, and shall, inquire into and determine not only whether or not the Tenant was overcharged for such Taxes and Cost of Operation and Maintenance, but whether or not the Tenant was undercharged for such Taxes and Cost of Operation and Maintenance.
If the Arbitrator determines that the Tenant was undercharged for Taxes and Cost of Operation and Maintenance, Tenant shall pay the amount of such undercharge to the Landlord within thirty (30) days following the issuance of the Arbitration Ruling.
In January or as soon as is practical thereafter in each Operational Year, Landlord shall furnish Tenant by Notice a written statement, itemized in reasonable detail, of the estimated Cost of Operation and Maintenance for such year setting forth the Operating Expenses and Tenant’s Projected Share of the Cost of Operation and Maintenance for the Building, Garage, Common Areas, Project, and Property during such Operational Year and Tenant shall pay same to Landlord as Overhead Rent.
For the purposes of determining additional rent payable by reason of increases in Cost of Operation and Maintenance, "Base Year" shall mean the calendar year as set forth in Section 1.02(D) of the Fundamental Lease Provisions.
Tax Share of the Real Estate Taxes for the Tax Year beginning on the July 1st of the calendar year in which the Renewal Term Commencement Date in question occurs, and (iii) the Base Com being the O.E. Share of the Cost of Operation and Maintenance for the Computation Year beginning on the January 1st of the calendar year in which the Renewal Term Commencement Date in question occurs.
More Definitions of Cost of Operation and Maintenance
Cost of Operation and Maintenance means the reasonable and necessary costs of operating, maintaining and repairing the System, including salaries, wages, the payment of any contractual obligations incurred pertaining to the operation of the System, the cost of materials and supplies, rentals of leased property, real or personal, insurance premiums, audit fees, a reasonable allowance for working capital, and such other proper charges as may be made for the purpose of operating, maintaining and repairing the System in accordance with sound business practice, but before making provision for depreciation.
Cost of Operation and Maintenance means all costs, direct and indirect, inclusive of all expenditures attributable to administration, Cost of Replacement, treatment and collection of Sewage, necessary to insure adequate collection and treatment of Sewage on a continuing basis in conformance with applicable local, state and federal regulations.
Cost of Operation and Maintenance means, for the purposes of maintenance areas established after July 31, 2004, as the result of relinquishment by a local agency pursuant to Section 12878.1 only, the cost of all main- tenance, as defined in subdivision (f), and shall also include, but is not limited to, all of the following costs:
Cost of Operation and Maintenance of the Electric System shall mean the current expenses, paid or accrued, of operation, maintenance and repair of the Electric System, including administration costs, as calculated in accordance with generally accepted accounting principles, and shall include all Contract Debts as herein defined, but shall not include any
Cost of Operation and Maintenance means the current expenses, paid or accrued, of operation, including, without limitation, salaries, wages, cost of materials, and supplies, power at wholesale, and insurance, maintenance and ordinary, current repair of the Electric System and its facilities, and shall include, without limiting the generality of the foregoing, supplies, fuel, fuel adjustments, fuel assemblies and components required by EPB for the operation of the Electric System (including any payments made pursuant to a “take-or-pay” fuel supply or energy contract that obligates EPB to pay for fuel, fuel adjustments, energy or power regardless of whether fuel, energy or power is delivered or made available for delivery, other than any such contract or portion thereof that is designated by EPB pursuant to Article X, as either a Subordinated Contract Obligation or a Parity Contract Obligation), administrative expenses relating to the Electric System, legal and engineering expenses, consulting and technical services, payments for energy conservation and load management programs, payments relating to fuel or electricity hedging instruments, payments for employee benefits, including payments to savings, pension, retirement, health and hospitalization funds, charges payable by EPB, pursuant to any licenses, orders or mandates from any agency or regulatory body having lawful jurisdiction, and any taxes, payments in-lieu-of taxes, assessments, governmental charges, fees and any other expenses required to be paid by EPB, all to the extent attributable to the Electric System; the expenses, liabilities and compensation of the Fiduciaries required to be paid hereunder or under any Supplemental Resolution or pursuant to any agreement executed by the Issuer, acting through EPB; all costs and expenses associated with or arising out of the research, development (including feasibility and other studies) and/or implementation of any project, facility, system, task or measure deemed desirable or necessary by the Issuer, acting through EPB; and all other costs and expenses arising out of or in connection with the conduct of the business of the Electric System, including those expenses the payment of which is not immediately required, such as those expenses referred in Section 7.02(B). Notwithstanding the foregoing, Costs of Operation and Maintenance shall not include (i) any costs and expenses attributable to a Separately Financed Project, or (ii) any costs or expenses for new construction or for reconstruct...
Cost of Operation and Maintenance of the System shall mean all current expenses, paid or accrued, for the operation, maintenance and repair of all facilities of the System, as calculated in accordance with sound accounting practice, and shall include, without limiting the generality of the foregoing, insurance premiums, administrative expenses of the Issuer related solely to the System, labor, cost of materials and supplies used for current operation, and charges for the accumulation of appropriate reserves for current expenses not annually recurrent but which are such as may reasonably be expected to be incurred in accordance with sound accounting practice, but excluding any reserve for renewals or replacements, for extraordinary repairs or any allowance for depreciation, and excluding amortization and interest expense.
Cost of Operation and Maintenance of the System shall mean the current expenses, paid or accrued, of operation, maintenance and repair of the System, as calculated in accordance with generally accepted accounting principles, but shall not include any reserves for renewals and replacements, extraordinary repairs, or any allowance for renewals, replacements and depreciation.