Maintenance and Repairs definition

Maintenance and Repairs. To have made or schedule repairs, improvements, and alterations required to maintain the Property in a good state of repair and appearance. To purchase or lease on behalf of the Owner, all equipment, tools, appliances, materials and supplies necessary for the continuous maintenance and operation of the Property. To hire outside contractors as necessary. Manager agrees to secure the prior approval of the Owner on all expenditures in excess of $10,000.00 for any one item, except when, in the opinion of the Manger, such maintenance or repairs are necessary to protect the property from damage or to maintain services to the tenants as called for in their leases (“emergency maintenance or repairs”). Manger will promptly notify Owner of any needed emergency maintenance or repairs. If Manager does not receive a timely response from Owner, Manager may proceed with the emergency maintenance and repairs. Owner understand and agrees Owner's Agent is not required to make inspections of the property for the purposes of structural defects and or any engineering concerns. Owner agrees not to hold Owner's Agent responsible for any damages, accidents or liability resulting from any such structural defects and or any engineering concerns that may result to any party, (tenant, guest, employee, owner, owner's agent or otherwise) anywhere on the property or otherwise. Owner understands and agrees Owner's Agent is only required to determine the needs for minor repairs and maintenance of said premises.

Maintenance and Repairs items of maintenance and repair to the Improvements or Equipment similar to the items of work (but not limited to such specific items) described in the physical inspection reports delivered to Lender in connection with the closing of the Loan.

Maintenance and Repairs means maintenance, repair, restoration and replacement of Facility assets (with the exception of items constituting Capital Expenditures), in accordance with usual and customary industry practices consistent with those of other multi-modal transportation facilities of similar age, size and facilities.

Examples of Maintenance and Repairs in a sentence

• Tenant Responsible for Maintenance and Repairs – Landlords need to pay for the property’s maintenance and repairs; however, many leases and rental agreements are written to purposely confuse tenants when describing the landlord’s responsibilities.

• However, any repairs required by the initial inspection of a Chassis and all Major Maintenance and Repairs required prior to the completion of or pursuant to a CIR, unless such Major Maintenance and Repairs result from use of the Chassis after induction into the Chassis Pool beyond normal wear and tear, shall be for the account of the Contributor.

• Maintenance and Repairs – Unique to Rent-to-Own Agreements, this clause will usually place the responsibility of the performance and payment of all maintenance and repairs on the tenant.

• Section 6.1. Maintenance and Repairs 11 Section 6.2. Taxes, Assessments and Other Governmental Charges 11 Section 6.3. Utilities.

• These other costs include: • Lease/Rental • Insurance • Maintenance and Repairs • Contract – Transportation Services and Equipment • Fuel and Oil TRANSPORTATION EQUIPMENT DEPRECIATION: School districts may report transportation equipment depreciation costs for buses, cars and minivans, harnesses/seatbelts/child protective seating, light trucks and vans, vehicle air conditioning, wheelchair lifts, and any other applicable asset type if a description is provided.

More Definitions of Maintenance and Repairs

Maintenance and Repairs means those necessary, ordinary, day-to-day maintenance, repairs to the Arena and the Parking Areas, and restoration and replacement of Arena assets, not otherwise constituting Capital Expenditures or Additions, in accordance with usual and customary arena industry practices consistent with those of other major sports and entertainment facilities of similar age, size and facilities.

Maintenance and Repairs means routine maintenance, preventative maintenance and repairs on the Water System including, without restriction and by way of example only:

Maintenance and Repairs. Add at the end thereof: "Landlord assumes, responsibility for any repairs necessitated as a result of a structural defect in the building. Should the entire roof of the Premises fail to the extend that it must in Landlord's sole opinion be replaced, the cost of such replacement would be Landlord's responsibility."

Maintenance and Repairs. Alterations: Signs:

Maintenance and Repairs. The church assumes responsibilities to maintain and repair the property. If large, mandatory, unforeseen repairs are required, the parent church may contact the district to see if assistance is available. The agreement terminates after five years, unless renewed by agreement of the Parent Church and District Executive Committee. This agreement may be terminated early as follows: By the Parent Church, with or without cause, by written request to the District Superintendent. By the District Council, with stated cause, by written request of the Executive Presbytery to the Parent Church. The members of the PAC have no ability to initiate termination of the PAC agreement, except insofar as they have the ability as church members to petition or make motions to the Parent Church, according to is bylaws. Signatures: District Superintendent: Date Pastor, Parent Church: Date Board Member, Parent Church: Date Church Member, PAC Date Presbyter: Date MOU: General Council Church to Parent a pre-existing District Affiliated Church with property.

Maintenance and Repairs means periodic expenditures that sustain an asset in good working order throughout its estimated useful life. Maintenance and repairs do not expand the capacity or extend the useful life of the asset and are therefore not capitalized.

Maintenance and Repairs means those reparations