Renewal and Replacement Schedule Sample Clauses

Renewal and Replacement Schedule. The Renewal and Replacement Schedule set forth in Appendix 11 provides a detailed schedule of Renewal and Replacements which are required to be performed by the Company over the Operations Period in order to achieve the standard of overall maintenance and repair of the Wastewater Facilities deemed essential for the proper operability, durability and reliability of the Wastewater Facilities over their expected useful life. Without limiting any of the Company’s obligations under this Section, and provided that the Village funds the Renewal and Replacement from the R & R Fund, the Company shall make and complete all Renewal and Replacements which are necessary to achieve such standard of repair and replacement in accordance with the Renewal and Replacement Schedule, as such schedule may be altered or amended pursuant to this Section. The parties acknowledge that, in light of the long-term nature of Operations Period of this Agreement and the practical limitations on predicting with specificity the useful life of any particular asset, it may be appropriate from time to time to alter the Renewal and Replacement Schedule. Accordingly, the Company shall have the right to request Village approval of alterations to the Renewal and Replacement Schedule at any time during the Operations Period, provided that no such alterations shall be made unless the Company demonstrates to the satisfaction of the Village that the sum of all Renewal and Replacements performed to date by the Company, and all Renewal and Replacements to be performed under any such alterations, shall result in a standard of overall Wastewater Facilities’ maintenance, repair and replacement which is equal to or better than the standard represented by the activities to be performed under the Renewal and Replacement Schedule. Any alterations to the Renewal and Replacement Schedule, approved by the Village, shall be reflected in an updated Renewal and Replacement Schedule. The Company shall cooperate with the Village in identifying any such alterations which may be desirable in order to anticipate or address the technical obsolescence of any component, system or process of the Wastewater Facilities, and in proposing such alterations for the Village’s approval. In no event shall any such alteration of the Renewal and Replacement Schedule result in an increase in the amount to be funded or otherwise paid by the Village into the Renewal and Replacement Fund for any particular Contract Year.
Sample 1
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Renewal and Replacement Schedule. The current Renewal and Replacement Schedule for the Arena is attached hereto as Exhibit “L” and reflects project capital expenditures (but not routine repair and maintenance which remains the obligation of the Arena Manager) that are anticipated for the Arena Facility.‌
Sample 1

Related to Renewal and Replacement Schedule

  • Additional Work If changes in the work seem merited by Consultant or the City, and informal consultations with the other party indicate that a change is warranted, it shall be processed in the following manner: a letter outlining the changes shall be forwarded to the City by Consultant with a statement of estimated changes in fee or time schedule. An amendment to this Agreement shall be prepared by the City and executed by both Parties before performance of such services, or the City will not be required to pay for the changes in the scope of work. Such amendment shall not render ineffective or invalidate unaffected portions of this Agreement.

  • ADDITIONAL SPECIAL CONTRACT CONDITIONS A. Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following:

  • All new supplies equipment and services shall include manufacturer's minimum standard warranty unless otherwise agreed to in writing. Vendor shall be legally permitted to sell all products offered for sale to TIPS Members. All goods proposed and sold shall be new unless clearly stated in writing. Customer Support The Vendor shall provide timely and accurate customer support for orders to TIPS Members as agreed by the Parties. Vendors shall respond to such requests within a commercially reasonable time after receipt of the request. If support andƒor training is a line item sold or packaged with a sale, support shall be as agreed with the TIPS Member. Agreements Agreements for purchase will normally be put into effect by means of a purchase order(s) executed by authorized agents of the TIPS Member participating government entities, but other means of placing an order may be used at the Member’s discretion. Tax exempt status Most TIPS Members are tax exempt and the related laws andƒor regulations of the controlling jurisdiction(s) of the TIPS Member shall apply. Assignments of Agreements No assignment of Agreement may be made without the prior notification of TIPS. Written approval of TIPS shall not be unreasonably withheld. Payment for delivered goods and services can only be made to the awarded Vendor, Vendor designated reseller or vendor assigned company.

  • Time for Commencement and Completion The term (Initial Term) of this Agreement will begin on the Effective Date and expire on ______________________, 20___. University will have the option to renew this Agreement for _______ (___) additional ______ (____) year terms (each a Renewal Term). The Initial Term and each Renewal Term are collectively referred to as the Term.

  • Commencement and Completion of Work Upon the Effective Date of the Contract, bidder agrees to commence all Preconstruction Activities. Upon issuance of a Proceed Order, bidder agrees to commence physical activities on the Site with adequate forces and equipment and to complete to Material Completion all work in 90 consecutive calendar days beginning the day after the date of the Proceed Order. Bid Bond. Enclosed herewith is a Bid Bond (NO OTHER FORM ACCEPTABLE) in the amount of Dollars ($ ) (being not less than five percent of the Bid). Bidder agrees that the above stated amount is the proper measure of liquidated damages that the Owner will sustain by bidder’s failure to execute the Contract or to furnish the Performance and Payment Bonds should bidder’s bid be accepted. Obligation of Bid Bond. If this bid is accepted within thirty-five days after the date set for the opening of bids and bidder fails to execute the Contract within ten days after Notice of Successful Bid, or if bidder fails to furnish both Performance and Payment Bonds, the obligation of the Bid Bond will remain in full force and effect and the money payable thereon shall be paid into the funds of the Owner as liquidated damages for such failure; otherwise, the obligations of the Bid Bond will be null and void. Bidder Certification Certification under Oath. Under oath I certify that I am a principal or other representative of the bidder, and that I am authorized by it to execute the foregoing bid on its behalf; and further, that I am a principal person of the bidder with management responsibility for the construction for the bidder, and as such I am personally knowledgeable of all its pertinent matters. I further certify that this bid is made without prior understanding, agreement, or connection with any corporation, firm, or person submitting a bid for the same services, materials, labor, supplies, or equipment and is in all respects fair and without collusion or fraud. Bidder and its principals understand that collusive bidding is a violation of state and federal law and can result in fines, prison sentences, and civil damage awards. Bidder agrees to abide by all conditions of this bid. BY: Authorized Signature (BLUE INK) Printed Name Title Sworn to and subscribed before me this Day of , 20 . Notary Public My commission expires:

  • Additional Works If the Employer requests the Contractor to provide additional works or services which are not either envisaged by, or ancillary to the Works to be provided under, this Contract then the Contractor shall comply with any such request as if such request were a Variation instruction and the provisions of this clause 13 [Variations and Adjustments] shall apply accordingly.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • Additional Equipment Additional Equipment may from time to time be added as the subject matter of this Agreement as agreed on by the parties. Any additional property will be added in an amendment describing the property, the monthly rental, security deposit, and stipulated loss value of the additional Equipment. All amendments must be in writing and signed by both parties. Other than by this amendment procedure, this Agreement may not be amended, modified, or altered in any manner except in writing signed by both parties.

  • Extended Work Year A teacher requested by the Board to work in his/her regular assignment beyond the contracted number of days shall be offered an extended contract and compensated at the scheduled per diem rate, as specified in Article XXV. Compensation for weeks worked after July 1 shall be at the new rate.

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