Common use of Initial Maintenance Term Clause in Contracts

Initial Maintenance Term. The Initial Maintenance Term shall commence one year after Final Acceptance of the Project to be constructed in accordance with the Design-Build Agreement (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement.

Initial Maintenance Term. The Initial Maintenance Term shall commence one year after Final Acceptance of the first Segment of the Project to be constructed in accordance with the Design-Build Development Agreement (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement. The Maintenance Services shall be performed for each Segment of the Project commencing one year after the date of Final Acceptance of such Segment.