Maintenance and Operation Expenses means the cost of rent, repair, replacement, rehabilitation, fuel, power, electrical current, care, and supervision necessary to properly operate and maintain a permanent public improvement.
Maintenance and Operation Expenses means the reasonable and necessary expenses of operation and maintenance of the System, including all salaries, labor, materials, repairs and extensions necessary to render efficient service (but only such repairs and extensions as, in the judgment of the governing body of the City, are necessary to keep the System in operation and render adequate service to the City and the inhabitants thereof, or such as might be necessary to meet some physical accident or conditions which would otherwise impair the Bonds), and all payments (including payments of amounts equal to all or a part of the debt service on bonds issued by other political subdivisions and authorities of the State of Texas) under contracts which are now or hereafter defined as operating expenses by the Legislature of Texas. Depreciation shall never be considered as a Maintenance and Operation Expense. Maintenance and Operation Expenses shall include, without limitation, all payments under contracts for the impoundment, conveyance or treatment of water or otherwise which are now or hereafter defined as operating expenses by the Legislature of Texas and the treatment of such payments as Maintenance and Operation Expenses shall not be affected in any way if, subsequent to entering into such contracts, the City acquires as a part of the System title to any properties or facilities used to impound, convey or treat water under such contracts, or if the City contracts to acquire title to such properties or facilities as a part of the System upon the final payment of debt service on the bonds issued to finance such properties or facilities.
Maintenance and Operation Expenses means the reasonable and necessary current expenses of maintaining, repairing and operating the Electric System, including City administrative expenses directly attributable to Electric System functions, but excluding depreciation, interest and amortization, all computed in accordance with sound accounting principles and consistent with existing accounting practices of the City. Included in this definition are the City’s take-or-pay obligations with respect to certain joint powers agency contracts. See “– Take-or-Pay Obligations” below.
Examples of Maintenance and Operation Expenses in a sentence
The City hereby covenants and agrees that all Gross Revenues of the System shall be deposited and paid into the special funds established for the Parity Obligations, as provided in this Ordinance, and shall be applied in the manner set out herein, to provide for the payment of all Maintenance and Operation Expenses and to provide for the payment of principal, interest and any redemption premium of the Parity Obligations and all expenses of paying, securing and insuring the same.
The cost of all such insurance together with any additional insurance, shall be a part of the Maintenance and Operation Expenses.
Debt Service on Parity Contract Obligations shall mean all amounts scheduled to be paid thereunder by the City other than for purposes that would qualify as Maintenance and Operation Expenses.
Mom is coherent enough to smile, reach my hand on the glass, and tries to touch my face, nose, and glasses - her favorite trick - to try and remove them.
The Indenture defines Net Operating Revenues as Operating Revenues less Maintenance and Operation Expenses.
More Definitions of Maintenance and Operation Expenses
Maintenance and Operation Expenses means items of expense allowed under generally accepted accounting principles to maintain and operate the loaned or rented por- tion of the exempt facility.
Maintenance and Operation Expenses means items of expense allowed under generally accepted accounting principles to maintain and operate the loaned or rented portion of the exempt property.
Maintenance and Operation Expenses means the reasonable and necessary current expenses of maintaining, repairing and operating the Electric System, including City administrative expenses directly attributable to Electric System functions, but excluding depreciation, interest and amortization, all computed in accordance with sound accounting principles and consistent with existing accounting practices of the City.
Maintenance and Operation Expenses means the reasonable and necessary expenses of operation and maintenance of the System, including all salaries, labor, materials, repairs and extensions necessary to provide efficient service (but only such repairs and extensions as, in the
Maintenance and Operation Expenses means items of expense allowed under generally accepted accounting principles.
Maintenance and Operation Expenses means all expenses incurred by the City in
Maintenance and Operation Expenses means the reasonable and necessary costs spent or incurred by Davis for maintaining and operating the Enterprise, calculated in accordance with sound accounting principles, including the cost of supply of water, gas and electric energy under contracts or otherwise, the funding of reasonable reserves, and all reasonable and necessary expenses of management and repair and other expenses to maintain and preserve the Enterprise in good repair and working order, and including all reasonable and necessary administrative costs of Davis attributable to the Enterprise, such as salaries and wages and the necessary contribution to retirement of employees, overhead, insurance, taxes (if any), expenses, compensation and indemnification of the Trustee, and fees of auditors, accountants, attorneys or engineers, and including all other reasonable and necessary costs of Davis or charges required to be paid by it to comply with the terms of Senior Obligations of Davis, but excluding debt service on all obligations,