Maintain and Operate Sample Clauses
The "Maintain and Operate" clause requires a party, typically the owner or operator of equipment, facilities, or property, to keep those assets in good working condition and ensure their ongoing functionality. This obligation often includes performing regular inspections, repairs, and necessary upgrades to prevent deterioration or failure. By clearly assigning responsibility for upkeep, the clause helps prevent disputes over asset condition and ensures that the property or equipment remains safe, reliable, and fit for its intended use throughout the contract term.
Maintain and Operate. The Borrower will diligently maintain, use and operate or will cause to be maintained, used and operated the Property Interest and the Project, in a proper and efficient manner so as to preserve and protect the Property Interest and each of the Properties.
