Renewal Work definition

Renewal Work means maintenance, repair, reconstruction, rehabilitation, restoration, renewal or replacement of any Maintained Element of a type that is not normally included as an annually recurring cost in highway maintenance and repair budgets.

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Renewal Work has the meaning specified in the Project Agreement. “Required Creditors” has the meaning specified in the Intercreditor Agreement.

Renewal Work means corrective action to be performed by LEP or a Project SPE to restore normal operation of a Covered Asset.

Examples of Renewal Work in a sentence

• Developer also shall perform Renewal Work according to the other applicable terms of the Technical Provisions, including, when applicable, the Handback Requirements.

• Developer shall diligently perform Renewal Work as and when necessary to maintain compliance with such Performance Requirements.

• Developer shall use the Renewal Work Schedule, as updated from time to time, as the principal guide for scheduling and performing Renewal Work.

• The report shall describe by location, Element as listed in the Renewal Work Schedule and other component the type of work performed, the dates of commencement and completion and the cost, as well as the total cost of all Renewal Work performed during the calendar year.

• Developer shall use the results of General Inspections to develop and update the Renewal Work Schedule, to maintain asset condition and service levels, and to develop programs of maintenance and Renewal Work to minimize the effect of O&M Work on Users.

• Developer shall diligently perform and complete all Renewal Work required to be performed and completed prior to reversion of the Project to TxDOT, based on the required adjustments and changes to the Renewal Work Schedule resulting from the inspections and analysis under the Handback Requirements.

• Developer shall inform TxDOT of any part of the Construction Work, Renewal Work or work required to meet Handback Requirements that is about to be covered and offer a full and adequate opportunity to TxDOT to inspect and test such part of the Work before it is covered.

• The updated Renewal Work Schedule shall show the revisions, if any, to the prior Renewal Work Schedule and include an explanation of reasons for revisions.

• Developer shall use the results of inspections to develop and update the Renewal Work Schedule, to maintain asset condition and service levels, and to develop programs of maintenance and Renewal Work to minimize the effect of O&M Work on Users.

• Developer shall use the results of General Inspections, Specialist Inspections and Performance Inspections to develop and update the O&M Work Schedule, to maintain asset condition and service levels, and to develop programs of maintenance and Renewal Work to minimize the effect of O&M Work on Users and other members of the public.

More Definitions of Renewal Work

Renewal Work means any lifecycle maintenance, repair, renewal, reconstruction or replacement work of any portion or component of the Concessionaire-operated Components, as applicable, of a type that is not normally included as an annually recurring cost in commuter rail line maintenance and repair budgets.

Renewal Work means maintenance, repair, reconstruction, rehabilitation, restoration, renewal or replacement of any Element of a type which is not normally included as an annually recurring cost in highway maintenance and repair budgets, that requires a significant amount of time to accomplish and therefore must be coordinated, scheduled and planned well in advance of the work effort, including any resurfacing or concrete rehabilitation required during the Operating Period.

Renewal Work has the meaning set out in Clause 25 (d)”.

Renewal Work means all Work described in Section 23 of the Requirements and Provisions for Work that is not Routine Maintenance, including the renewal, repair or replacement of worn-out, obsolete, damaged or under-performing components so that the Project Facilities do not prematurely deteriorate and remain fully functional.