Maintenance Budget. The Parties agree and acknowledge that Facility Manager shall together with the Maintenance Manual also provide to Authority, for its approval, a ‘Maintenance Budget’ setting forth the proposed budget for undertaking the SFM Project for the relevant Financial Year, which shall be consistent with the minimum annual allocation in terms of the Detailed Project Report and the requirements of the Maintenance Manual for such Financial Year as well as the SFM Agreement. Provided that the Maintenance Budget for the first Financial Year of the Term of SFMA may be provided on or prior to the SFMA Appointed Date. Where Authority requires any alteration or modification to the Maintenance Manual, the Facility Manager shall, together with the altered/ modified Maintenance Manual, also provide an updated Maintenance Budget.
Maintenance Budget. Not later than April 1 of each year following the Maintenance Commencement Date, Authority shall prepare a preliminary budget of the Estimated Maintenance Costs for the immediately succeeding Maintenance Period. The Estimated Maintenance Costs shall be determined by (i) estimating the costs of the Ongoing Park Maintenance to be incurred during the immediately succeeding Maintenance Period and (ii) subtracting (A) any funds, revenues, and Project Grants that are received for maintenance purposes, (B) any funds on deposit in the Remainder Taxes Holding Account, and (C) any funds on deposit in the Ongoing Maintenance Account that are not committed to the payment of Ongoing Park Maintenance during the current Maintenance Period.
Maintenance Budget. The parties will meet each July to review the previous year’s expenses and discuss future maintenance items. The parties will each budget for 50% of the expected items but no less than 1.05 times the average of the previous five completed year expenditures or $2,000 whichever is greater in a segregated Special Revenue Fund 224. The operating budget is further limited to a cap of $20,000 fund balance for each the Village and City. Any major capital improvement on the bridge exceeding $20,000 shall be approved by the Village’s and the City’s Capital Improvement Plan process. The Village and City agree to align any major repair to the Bridge in their respective year Capital Improvement Plan to ensure adequate funding is available. Parties agree to provide detailed billing annually in December for 50% of the labor or services incurred for work agreed upon.
Maintenance Budget. Not later than August 1 of each year following the Maintenance Commencement Date, Authority shall prepare a preliminary budget of the Estimated Maintenance Costs for the immediately succeeding Maintenance Period. The Estimated Maintenance Costs shall be determined by (i) estimating the costs of the Ongoing Park Maintenance to be incurred during the immediately succeeding Maintenance Period and (ii) subtracting any funds on deposit in the Ongoing Maintenance Account that are not committed to the payment of Ongoing Park Maintenance during the current Maintenance Period.
Maintenance Budget. VMR shall establish a maintenance budget annually subject to Board approval.
Maintenance Budget. The Parties agree and acknowledge that Facility Manager shall together with the Maintenance Manual also provide to IRSDC, for its approval, a ‘Maintenance Budget’ setting forth the proposed budget for undertaking the Project for the relevant Financial Year, which shall be consistent with the requirements of the Maintenance Manual for such Financial Year as well as the Agreement. Provided that the Maintenance Budget for the first Financial Year of the Term may be provided on or prior to the Appointed Date. Where IRSDC requires any alteration or modification to the Maintenance Manual, the Facility Manager shall, together with the altered/ modified Maintenance Manual, also provide an updated Maintenance Budget. Maintenance and Replacement Plan The Facility Manager shall within a period of 30 days from the Effective Date, prepare and submit to IRSDC a preliminary Maintenance and Replacement Plan for the purposes of undertaking major maintenance and replacement of the Assets and Project Utilities in the Station Area. The preliminary Maintenance and Replacement Plan shall be prepared by the Facility Manager in consultation with IRSDC, Good Industry Practices and in compliance with the relevant manufacturer’s specifications. Further the Maintenance and Replacement Plan shall also be consistent with the requirements of as built drawings and maintenance manuals, if any, [supplied by IRSDC (for the Assets and Project Utilities in the Station Area)]/ [prepared on or prior to the Completion Date under the Development Agreement and approved pursuant thereto]49. The preliminary Maintenance and Replacement Plan, upon being so prepared by the Facility Manager shall be submitted to IRSDC for its approval. Subject to the approval of the MoR and/ or Railway Administration (and any conditions specified by the MoR and/ or Railway Administration in its approval), the major maintenance and replacement of the Assets and Project Utilities in the Station Area shall be undertaken in accordance with the approved Maintenance and Replacement Plan. Provided that approved Maintenance and Replacement Plant (and the approval thereof by IRSDC), shall not relieve the Facility Manager of its obligation to duly undertake the Project as per Applicable Laws and Good Industry Practices, and the other provisions of this Agreement. IRSDC’s right to take remedial measures In the event the Facility Manager does not perform its obligations in respect of the Project in accordance with the requirements ...
Maintenance Budget. A maintenance budget is established of 3dB. Maintenance Budget shall mean transmission degradation during the period of the contract or extensions thereto - caused by repairs, section changes, etc., carried out on the optical fibre in each repeater/amplification section. The objective is not to exceed 2 dB. When a level of 2 dB is reached in a specific section, RENFE shall take the appropriate action to achieve a maximum degradation value of 1 dB in the section concerned. If a FirstMark optical system ceases to function as a result of exceeding the maintenance budget, RENFE shall in any event then take immediate action to correct the situation without having to redesign or reconfigure the optical system.
Maintenance Budget. 65 3.6.12 Major Maintenance Drawdown Certificate and Engineer's Certificate.....................65 3.6.13 Certificate of Borrower...............................................................65 3.6.14
Maintenance Budget. With respect to the initial Development Loan for the funding of Major Maintenance for the relevant Approved Project, delivery to Administrative Agent of a maintenance budget, in form and substance reasonably satisfactory to the Technical Committee (a "Maintenance Budget"), for all anticipated costs to be incurred in connection with the contemplated Major Maintenance (which anticipated costs shall not be substantially higher than the anticipated costs set forth in the relevant Major Maintenance Election Certificate delivered by Borrower pursuant to Section 3.5.38 without the prior consent of the Technical Committee), including in such budget all construction and non-construction costs, all interest, taxes and other carrying costs and such other information as the Technical Committee may require, together with a balanced statement of sources (including an allocation between Loan proceeds and Contributions) and uses of proceeds.
Maintenance Budget. In addition to the submittal of an annual Capital repairs and replacements budget, CONTRACTOR shall prepare and submit to CITY a separate, detailed annual facility maintenance budget for the Stadium Facilities for CITY's review.
