PROJECT OPERATING EXPENSES

PROJECT OPERATING EXPENSES. Means all accrued expenses by the Consolidated Operating Projects which are necessary for the AMENDMENT TWO TO GUARANTEE 4 continued operation and maintenance of the Consolidated Operating Projects which shall include operating lease payments and foreign taxes paid but exclude depreciation and amortization or any capital expenditure undertaken primarily to increase the efficiency of, expand or re-power the Consolidated... Operating Projects or capital expenditures for environmental purposes which are not required by applicable law. View More