Final Maintenance Guarantee Sample Clauses

Final Maintenance Guarantee. 15.3.1 The Facility Operator shall obtain a Final Maintenance Guarantee in favour of the Facility Operator from the Operator in an amount equal to the aggregate amount expended by the Operator on Operation and Maintenance (as reported by the Facility Operator to TNPA in accordance with clause 29 (Financial Accounts, Reports, inspection and reporting of changes)) in the period of time from the commencement of Contract Year [17 (seventeen)] of the Operating Term to the end of Contract Year [20 (twenty)] of the Operating Term, and in any event not less than [15%] of the average annual gross revenues for Contract Years [17 (seventeen), 18 (eighteen) and 19 (nineteen)] (all inclusive) of the Operating Term. [the actual years must be determined with reference to the actual term of the concession and the base percentage must be determined with the projected revenue of the Project and what guarantee level the Project can bear financially.]
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Final Maintenance Guarantee. 15.4.1 The Terminal Operator shall obtain a Final Maintenance Guarantee in favour of the Terminal Operator from the Operator in an amount equal to the aggregate amount expended by the Operator on Operation and Maintenance (as reported by the Terminal Operator to the TNPA in accordance with clause 32 (Financial Accounts, Reports, inspection and reporting of changes)) in the period of time from the commencement of Contract Year [●] of the Operating Term to the end of Contract Year [●] of the Operating Term, and in any event not less than [●] of the average annual gross revenues for Contract Years [[●], [●] and [●]] (all inclusive) of the Operating Term.
Sample 1
Final Maintenance Guarantee. 15.4.1 The Terminal Operator shall obtain from the Operator a Final Maintenance Guarantee in favour of the Terminal Operator in an amount equal to the aggregate amount expended by the Operator on Operation and Maintenance (as reported by the Terminal Operator to TNPA in accordance with clause 32 (Financial Accounts, Reports, inspection and reporting of changes)) in the period of time from the commencement of Contract Year [22 (twenty two)] of the Operations Period to the end of Contract Year [25 (twenty five)] of the Operations Period, and in any event not less than [15%] of the average annual gross revenues for Contract Years [22 (twenty two), 23 (twenty three) and 24 (twenty four)] (all inclusive) of the Operations Period.
Sample 1

Related to Final Maintenance Guarantee

  • Maintenance Agreement The parties will abide by the terms of the Maintenance Agreement including the capacity to dispute the classification in accordance with the Maintenance Agreement (Information Appendix C).

  • Site Maintenance The authorized area shall be maintained in a neat, clean, and safe condition, free of any solid waste, debris, or litter, except as specifically authorized herein.

  • Road Maintenance Purchaser shall maintain roads, commensurate with Purchaser’s use, in accor- dance with Road Maintenance Requirements in C5.31 and the Road Maintenance Specifications. Performance of road maintenance work by Purchaser may be required prior to, during, or after each period of use. The timing of work accomplishment shall be based on Purchaser’s Op- erating Schedule under B6.31. When two or more commercial users are simultane- ously using the same road where Forest Service is not requiring maintenance deposits, the commercial users will develop maintenance responsibilities and arrangements for accomplishing the work. Forest Service must agree to this plan. If the commercial users cannot agree on main- tenance responsibilities, Forest Service shall resolve the differences. If Purchaser elects to use different roads than those listed in C5.31, Forest Service shall determine Pur- chaser’s commensurate share of road maintenance and revise road maintenance deposits in C5.32. If Forest Service cannot perform its full commensu- rate share of road maintenance, Forest Service shall make a cash payment to Purchaser for performance of such work. Unless agreed in writing, prehaul maintenance shall be completed on any portion of road prior to hauling on that portion. Maintenance, as used in this contract, does not include road reconstruction or repairs of an extraordi- nary nature.

  • Maintenance of Insurance The Company shall use commercially reasonable efforts to obtain and maintain in effect during the entire period for which the Company is obligated to indemnify the Indemnitee under this Agreement, one or more policies of insurance with reputable insurance companies to provide the officers/directors of the Company with coverage for losses from wrongful acts and omissions and to ensure the Company’s performance of its indemnification obligations under this Agreement. The Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director or officer under such policy or policies. In all such insurance policies, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee with the same rights and benefits as are accorded to the most favorably insured of the Company’s directors and officers.

  • Custodial/Maintenance Custodian, Buildings/Grounds Maintenance 20.5 Nutrition Services: Kitchen Manager, Kitchen Assistant ARTICLE IV – LEAVES Leave may only be taken in 30 minute increments. Except for emergency situations, unit members must complete the absence request form which includes obtaining their administrator’s written approval prior to taking leave. In emergency situations, the unit member is required to contact their administrator as far in advance of their scheduled work as possible.

  • Construction and Maintenance There are on-going maintenance, renovation and construction projects taking place in and around the residences. The work typically takes place during regular business hours, but may begin earlier or extend into evenings or weekends. On-going construction or renovation projects will continue through midterm and final exam periods. The University will take measures to ensure that prudent construction practices are followed, but there may be noise, dust and temporary interruption of some services. Residents may be required to temporarily or permanently relocate to facilitate construction or renovation to their residence area. There will be no compensation or reduction to your residence fees due to disruption and/or relocation.

  • Facility Maintenance Seller shall perform, or cause to be performed, all scheduled and unscheduled maintenance required on the Facilities in order to meet the Warranty Specifications and Performance Standards. In that regard, Seller’s responsibilities hereunder shall include, without limitation, promptly correcting any Bloom System or BOF malfunctions, either by (i) recalibrating or resetting the malfunctioning Bloom System or BOF, or (ii) subject to Section 5.7(b), repairing or replacing Bloom System or BOF components which are defective, damaged, worn or otherwise in need of repair or replacement.

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire

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