Maintenance guarantee definition

Maintenance guarantee means any security which may be
Maintenance guarantee means a guarantee that the Public Improvements constructed shall be free from defects and failures as more fully described in Paragraphs 5.2 and 5.4 below.
Maintenance guarantee means an undertaking by the Developer to the Town that all Works constructed under this Agreement will function as designed and will not fail in any manner whatsoever so as to cause a risk to public safety or private lands, Building or structures within the Plan of Subdivision or immediately adjacent boundary lands, and that should the Works, or any of them, fail or not perform their intended function within the specified maintenance guarantee period, they will be replaced or repaired to the satisfaction of the Director of Public Works by the Developer at its cost.

Examples of Maintenance guarantee in a sentence

  • Bank guarantee or payment at CFC.2. B.G. confirmation letter.3. Agreement form, duly filled in & singed, having franking of appropriate amount of Stamp Duty paid.4. Maintenance guarantee from on Rs.100/- Stamp Paper / Franked.5. Work Completion certificate duly signed by the User Department.6. Handing over & taking over report.AGREEMENT FORM Tender / Quotation dated 20… Standing Committee/Education Committee Resolution No. ……..…………………………….

  • Sub-Clause 48.2 has been replaced as followsOn Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Maintenance guarantee period has passed.

  • Let It Grow, Inc., Stony Brook Regional Bicycle & Pedestrian Pathway and Bridges Release of Maintenance guarantee contigent upon completion of work prior to November 7, 2012.

  • Sub-Clause 48.2 has been replaced as follows On Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Maintenance guarantee period has passed.

  • A Maintenance guarantee is a legal assurance of facilities or site work to ensure the correction of any failures of any improvements required provided according to this law, or to maintain the same.


More Definitions of Maintenance guarantee

Maintenance guarantee means any security which may be accepted by a municipality for the maintenance of any improvements required by this act, including but not limited to surety bonds, letters of credit under the circumstances specified in section 16 of P.L.1991, c.256 (C.40:55D-53.5), and cash.
Maintenance guarantee means any security which may be accepted by a municipality
Maintenance guarantee means any security which is deemed acceptable to the County Counsel and in an amount acceptable to the County Engineer to assure that certain improvements will be made or maintenance performed for a period of two (2) years after the date of release of a performance guarantee.
Maintenance guarantee means a security required or accepted to assure that necessary improvements will func- tion as required for a specific period of time.
Maintenance guarantee means any security which may
Maintenance guarantee means any security which may be accepted by a municipality for the maintenance of any improvements required by this act, including but not limited to surety bonds, letters of credit under the circumstances specified in section 16 of P.L.
Maintenance guarantee means an undertaking by the Developer to the City that all Works constructed under this Agreement will function as designed and will not fail in any manner whatsoever so as to cause a risk to public safety or private lands, Building or structures within the Plan of Subdivision or immediately adjacent boundary lands, and that should the Works, or any of them, fail or not perform their intended function within the specified Maintenance Guarantee Period, they will be replaced or repaired to the satisfaction of the City by the Developer at its cost.