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.
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.
Examples of Maintenance guarantee in a sentence
Services means the certificate prepared by the Developer’s Consulting Engineer and approved in writing by the City at the expiration of the Maintenance Guarantee Period for Primary Services setting out the Primary Services being accepted by the City and indicating the date of final acceptance of such Works.
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
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 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.
Maintenance guarantee. Shall have the meaning indicated in Section 25.6 below.
Maintenance guarantee means any security which may