Life Cycle Maintenance definition
Examples of Life Cycle Maintenance in a sentence
Until resolution of any Dispute relating to a Life Cycle Maintenance Plan, the treatment of the disputed Tasks in the most recently-approved Life Cycle Maintenance Plan will remain in effect and govern the requirements relating to such Tasks.
Any Disputes raised by the Department with respect to the Life Cycle Maintenance Plan must be based on whether it and the underlying assumptions are reasonable, realistic and consistent with Good Industry Practice, the Technical Requirements and Law.
If there is no approved Life Cycle Maintenance Plan then in effect, the Developer will proceed as directed by the Department until resolution of such Dispute.
The Department will deliver its comments, approval or disapproval to the Developer within 45 Days after the Developer has delivered each proposed Life Cycle Maintenance Plan to the Department in accordance with Section 9.03(b).
The Life Cycle Maintenance Plan shall include a description of all Major Maintenance to be undertaken during such five-year period, by component, item or discrete project (each a “Task”), the estimated costs and timing relating to each Task, and such other information as may be reasonably requested by the Department.
Until resolution of any disagreement or dispute relating to a Life Cycle Maintenance Plan, the treatment of the disputed Tasks in the most recently-approved Life Cycle Maintenance Plan shall remain in effect and govern the requirements relating to such Tasks.
Any disagreements or disputes raised by the Department with respect to the Life Cycle Maintenance Plan must be based on whether such assessment and the underlying assumptions are reasonable, realistic and consistent with Good Industry Practice, Project experience and condition, the Technical Requirements and applicable Law.
The Concessionaire shall, at its sole cost and expense, perform all Major Maintenance with respect to the HOT Lanes, the ETTM Facilities and the ETTM System on the HOT Lanes Project in accordance with Life Cycle Maintenance Plans approved by the Department.
The Operating Company shall use its commercially reasonable efforts to implement the provisions of the Approved Budget and Life Cycle Maintenance Plan and shall supervise the day-to-day operations of the Project in accordance with the then-current Annual Budget.
The Life Cycle Maintenance Plan will include a description of all Major Maintenance to be undertaken during such five-year period, by component, item or discrete project (each, a “Task”), the estimated costs and timing relating to each Task, the underlying assumptions used to develop such plan, including assumptions arising from the re- evaluations of the physical condition of the Assets conducted pursuant to Section 9.03(d); and such other information as may be reasonably requested by the Department.