Maintenance and repair expenses definition

Maintenance and repair expenses means a nursing facility's expenditures that are necessary and proper to maintain an asset in a normally efficient working condition and that do not extend the useful life of the asset two years or more. "Maintenance and repair expenses" includes but is not limited to the costs of ordinary repairs such as painting and wallpapering.
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Maintenance and repair expenses means, except as provided in division (XX)(2)(b) of this section, expenditures that are necessary and proper to maintain an asset in a normally efficient working condition and that do not extend the useful life of the asset two years or more. "Maintenance and repair expenses" includes the costs of ordinary repairs such as painting and wallpapering.
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Maintenance and repair expenses means expenditures, except as provided in paragraph (EE) of this rule, that are necessary and proper to maintain an asset in a normally efficient working condition and that do not extend the useful life of the asset two years or more. Maintenance and repairs expense may include, but are not limited to, the cost of ordinary repairs such as painting and wallpapering.
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Examples of Maintenance and repair expenses in a sentence

  • Electric Repairs – Maintenance and repair expenses for electrical systems.11.

  • Plumbing Repairs – Maintenance and repair expenses for plumbing systems.

  • Maintenance and repair expenses are recorded as costs and expenses in the period in which they are incurred.

  • Maintenance and repair expenses are charged to income in the period they are incurred.

  • Maintenance and repair expenses are charged to expense as incurred.

  • Maintenance and repair expenses, which do not significantly increase assets’ useful life, are recorded as expenses when incurred.

  • Maintenance and repair expenses are charged to income for the period in which they are incurred.

  • Maintenance and repair expenses caused by Tenant’s willful misconduct or negligent acts or omissions shall be paid directly to Landlord by Tenant in accordance with Section 4.4, and shall not constitute an Operating Expense.

  • Maintenance and repair expenses associated with all mechanical systems of the property.

  • Maintenance and repair expenses are charged to operations as incurred.


More Definitions of Maintenance and repair expenses

Maintenance and repair expenses means, except as provided in
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Maintenance and repair expenses is defined in Section 5.2 below.
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Maintenance and repair expenses means all costs to maintain, repair, and replace the Premises and/or the Facility or any part thereof and the personal property used in conjunction therewith, including, without limitation, (i) all costs paid under maintenance, management and service agreements such as contracts for janitorial, security and refuse removal,
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Related to Maintenance and repair expenses

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Repairs means the repairs to be made to the Mortgaged Property, as described on the Repair Schedule of Work (Exhibit C) or as otherwise required by Lender in accordance with this Loan Agreement.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.