Common use of Maintenance Budget Clause in Contracts

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. 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. The Parties agree and acknowledge that Facility Manager shall together with the Maintenance Manual also provide to Authority, for its approval, a ‘Maintenance ‗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.