Maintenance of Revenue Vehicles Sample Clauses

Maintenance of Revenue Vehicles. A. At all times, CONTRACTOR shall cause all components of each vehicle, including its body, frame, furnishings, mechanical, electrical, hydraulic, or other operating systems, to be maintained in proper working condition free from damage and malfunction. CONTRACTOR shall cause any vehicle damaged in an accident or otherwise to be repaired immediately when the damage is impairing the proper and safe mechanical operation of the vehicle. In no event shall the MUNICIPALITY of Skagway be required to repair or maintain any vehicle. CONTRACTOR, at its sole cost and expense, shall maintain stores of and provides fuel, lubricants, repairs, parts and supplies required for the maintenance and operation of all vehicles utilized in providing services. These stores shall be sufficient to minimize vehicle downtime and ensure that peak vehicle requirements are met. B. All repairs to vehicles utilized in transporting passengers under this Agreement with the MUNICIPALITY of Skagway shall be performed by CONTRACTOR or other vendors and suppliers subject to prior approval by the MUNICIPALITY of Skagway. Repairs shall include, but not be limited to, work to correct loss or damage, adjustments due to wear and tear, and overhaul, rebuilding or replacement of components. Repair work shall be conducted as soon as practicable upon learning that such work is required. CONTRACTOR shall perform repair work C. CONTRACTOR shall provide a preventive maintenance (P.M.) program for revenue vehicles that meets or exceeds the vehicle manufacturer’s specified preventive maintenance program. Adherence to preventive maintenance schedules shall not be regarded as reasonable cause for deferred maintenance in instances where CONTRACTOR employees, maintenance personnel, or the MUNICIPALITY of Skagway has observed that maintenance is needed in advance of schedule. CONTRACTOR shall not defer maintenance for reasons of shortage of maintenance staff or operable vehicles, nor shall service be curtailed for the purpose of performing maintenance without consent of the MUNICIPALITY of Skagway. The CONTRACTOR shall adjust the maintenance work schedule as necessary to meet all scheduled services and complete preventive maintenance activities according to the schedule approved by the MUNICIPALITY of Skagway. Preventive maintenance and running repairs shall receive first priority in the use of the CONTRACTOR’S maintenance resources. D. CONTRACTOR shall utilize the inspection forms, work order forms, driver vehi...
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Related to Maintenance of Revenue Vehicles

  • Maintenance of Total Unencumbered Assets The Company and its Subsidiaries will maintain Total Unencumbered Assets of not less than 200% of the aggregate outstanding principal amount of the Unsecured Debt of the Company and its Subsidiaries on a consolidated basis.

  • Maintenance of Rating Since the execution of this Agreement, there shall not have been any decrease in or withdrawal of the rating of any securities of the Company or any of its subsidiaries (including the Bank) by any “nationally recognized statistical rating organization” (as defined for purposes of Section 3(a)(62) of the 0000 Xxx) or any notice given of any intended or potential decrease in or withdrawal of any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

  • Maintenance of Ratings At all times, Borrower shall use commercially reasonable efforts to maintain (x) a corporate family rating issued by Xxxxx’x and a corporate credit rating issued by S&P and (y) public ratings issued by Xxxxx’x and S&P with respect to its senior secured debt.

  • Maintenance of Equipment The Equipment shall be maintained in good operating condition and repair (reasonable wear and tear excepted) and all necessary replacements of and repairs thereto shall be made so that the value and operating efficiency of the Equipment shall be maintained and preserved. No Borrower shall use or operate the Equipment in violation of any law, statute, ordinance, code, rule or regulation. Each Borrower shall have the right to sell Equipment to the extent set forth in Section 4.3 hereof.

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Maintenance of Business The Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10(c)

  • Maintenance of Net Worth The Parent shall at all times maintain an Adjusted Net Worth of not less than the Minimum Tangible Net Worth.

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • Maintenance of REIT Status In the case of the Parent Guarantor, at all times, conduct its affairs and the affairs of its Subsidiaries in a manner so as to continue to qualify as a REIT for U.S. federal income tax purposes.

  • Maintenance of Tangible Net Worth The Borrower shall maintain during each Fiscal Quarter a Tangible Net Worth of not less than the Minimum Tangible Net Worth.

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