Common use of Replacement and Maintenance Reserve Clause in Contracts

Replacement and Maintenance Reserve. 17.2.1 The Parties agree and acknowledge that a replacement and maintenance reserve sub- account shall be opened as a sub-account of the Escrow Account, wherein a reserve (being the “Replacement and Maintenance Reserve”) shall be maintained towards the O&M Expenses in respect of the SFM Project, and shall be exclusively so applied, in the event of an insufficiency of the Station Revenue for any monthly period or in accordance with the directions of Authority. 17.2.2 The Facility Manager shall build up the Replacement and Maintenance Reserve in such manner as it deems fit, so as to ensure that the Replacement and Maintenance Reserve has amounts equivalent to the Required Amount standing to its credit on or prior to the SFMA Appointed Date, and thereafter maintain amounts equivalent to the Required Amount in the Replacement and Maintenance Reserve throughout the Term of SFMA. 17.2.3 In the event of any shortfall in the Replacement and Maintenance Reserve, resulting the Replacement and Maintenance Reserve ceasing to represent the entire Required Amount, whether by virtue of a withdrawal therefrom or otherwise, at the end of any calendar months, the Facility Manager shall be required to top-up the Replacement and Maintenance Reserve, within a period of seven (7) days therefrom. 17.2.4 If the cost of repair/replacement of Station Assets is more than the balance amount lying in the Replacement and Maintenance Reserve, then the shortfall shall be met by Facility Manager out of its own fund.

Replacement and Maintenance Reserve. 17.2.1 The Parties agree and acknowledge that a replacement and maintenance reserve sub- account shall be opened as a sub-account of the Escrow Account, wherein a reserve (being the “Replacement ―Replacement and Maintenance Reserve”Reserve‖) shall be maintained towards the O&M Expenses in respect of the SFM Project, and shall be exclusively so applied, in the event of an insufficiency of the Station Revenue for any monthly period or in accordance with the directions of Authority. 17.2.2 The Facility Manager shall build up the Replacement and Maintenance Reserve in such manner as it deems fit, so as to ensure that the Replacement and Maintenance Reserve has amounts equivalent to the Required Amount standing to its credit on or prior to the SFMA Appointed Date, and thereafter maintain amounts equivalent to the Required Amount in the Replacement and Maintenance Reserve throughout the Term of SFMA. 17.2.3 In the event of any shortfall in the Replacement and Maintenance Reserve, resulting the Replacement and Maintenance Reserve ceasing to represent the entire Required Amount, whether by virtue of a withdrawal therefrom or otherwise, at the end of any calendar months, the Facility Manager shall be required to top-up the Replacement and Maintenance Reserve, within a period of seven (7) days therefrom. 17.2.4 If the cost of repair/replacement of Station Assets is more than the balance amount lying in the Replacement and Maintenance Reserve, then the shortfall shall be met by Facility Manager out of its own fund.

Replacement and Maintenance Reserve. 17.2.1 The Parties agree and acknowledge that a replacement and maintenance reserve sub- account shall be opened as a sub-account of the Escrow Account, for wherein a reserve (being the “Replacement and Maintenance Reserve”) shall be maintained towards the O&M Expenses in respect of the SFM Project, and shall be exclusively so applied, in the event of an insufficiency of the Station Revenue for any monthly period or in accordance with the directions of Authority. 17.2.2 The Facility Manager shall build up the Replacement and Maintenance Reserve in such manner as it deems fit, so as to ensure that the Replacement and Maintenance Reserve has amounts equivalent to the Required Amount standing to its credit on or prior to the SFMA Appointed Date, and thereafter maintain amounts equivalent to the Required Amount in the Replacement and Maintenance Reserve throughout the Term of SFMATerm. 17.2.3 In the event of any shortfall in the Replacement and Maintenance Reserve, resulting the Replacement and Maintenance Reserve ceasing to represent the entire Required Amount, whether by virtue of a withdrawal therefrom or otherwise, at the end of any calendar months, the Facility Manager shall be required to top-up the Replacement and Maintenance Reserve, within a period of seven (7) days therefrom. 17.2.4 If the cost of repair/replacement of Station Assets is more than the balance amount lying in the Replacement and Maintenance Reserve, then the shortfall shall be met by Facility Manager out of its own fund.