Payments to Operator. Except for Third Party Expenses paid directly by Owner, Owner shall pay, in the manner set forth herein, (i) all reasonable costs and expenses for operation and maintenance services (which, after a Triggering Event, shall be set forth in an Approved Operating Budget), and (ii) after a Triggering Event, reasonable operation and maintenance expenses in excess of any Approved Operating Budget (provided that Operator notifies Owner of such expenses in excess of any Approved Operating Budget in compliance with Section 8.4 herein), in each case as determined in accordance with Exhibit A attached hereto (“Expenses”).
Appears in 2 contracts
Sources: Facility Operating Agreement, Facility Operating Agreement (Environmental Power Corp)