Repair and Maintenance Account definition

Repair and Maintenance Account the Repair and Maintenance Account established and maintained pursuant to the Security Deposit Agreement.
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Repair and Maintenance Account means the account to be established by MEC and funded by MEC for repair and maintenance of MEC equipment for power generation and distribution, referred to in paragraph 9 of Schedule 5 to this Loan Agreement;
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Repair and Maintenance Account has the meaning set forth in Section 6.1(e) of the Credit Agreement.
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Examples of Repair and Maintenance Account in a sentence

  • Funds are available in the Collection System’s Repair and Maintenance Account Number 590-558.00-930.016.

  • Funds are allocated yearly in the IT Repair and Maintenance Account# 001.22005.500460.

  • Authorizing the Town Manager and/or designee to expend funds in an amount of $17,000 from the Fiscal Year 2015/2016 Water and Sewer Repair and Maintenance Account No. 401-9900-536-4601 for the emergency repair to a sanitary lift station pump.

  • Discussion and possible action regarding renewal of Engine Inspection, Maintenance, and Repair Agreement with United Engines for Emergency Standby Equipment in the amount of $2,332.00 forgenerator at City Hall.Motion was made by Tramel, second by Smith to approve renewal of Engine Inspection, Maintenance, and Repair Agreement with United Engines for Emergency Standby Equipment in the amount of $2,332.00 for generator at City Hall from General Repair and Maintenance Account #02-201-5091.

  • The funds will be derived from the WPCC Repair and Maintenance Account and billed to the Departments accordingly.

  • Motion was made by Shropshire, second by Thompson to recommend Council action to approve an expenditure in the amount of $2,490.00 to Hollon Fire Protection, LLC for sprinkler system repair from Recreation Repair and Maintenance Account #84-845-5091.

  • Discussion and possible action regarding accepting bid for ice machine from Air Heat Systems, LLC in the amount of $3,700.00 as lowest and best bid for the Pryor Creek Fire Department from Fire Repair and Maintenance Account #02-217-5091.

  • Projected Backlog as of Fiscal Year 2007 * $159 million – State Educational Facilities Repair and Maintenance Account* $167.2 million – School Physical Plant Operations and Maintenance Account The desired outcomes which support this plan include: ● Visual Impact Visual impact on school facilities will be maximized by grouping repairs as total renovations, as opposed to being initiated as individual projects.

  • Equipment cost is $7,347.00 and installation labor cost is $1,800.00, for a total of $9,147.00 from Police Repair and Maintenance Account #02-215-5091.

  • The costs of the two trucks had been charged to the Equipment Repair and Maintenance Account and not to a vehicle or equipment purchase account.


More Definitions of Repair and Maintenance Account

Repair and Maintenance Account has the meaning set forth in Section 2.1 of the Deposit Agreement.
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Related to Repair and Maintenance Account

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • 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;

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Scheduled Maintenance means routine maintenance scheduled by Orange to implement generic changes to, or updates of, the Orange Services or the Orange Network.

  • Operation and Maintenance Costs means the costs of:

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, Sprint Convergence is unable to provide prior notice of.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.