Residual Life at Handback definition

Residual Life at Handback means the calculated duration that any Element of the Project, subject to the type of routine maintenance of the Element which is normally included as an annually recurring cost in highway maintenance and repair budgets, will continue to comply with any applicable Performance Requirement or standard after expiration or earlier termination of the Agreement and Lease, before Renewal Work is required, determined through the application of the Residual Life Methodology and Residual Life Inspections.

Residual Life at Handback means the calculated duration after the Handback Period that any Element of the Project, subject to Routine Maintenance, will continue to comply with any applicable Maintenance Performance Requirement or standard, before Renewal Work is required.

Examples of Residual Life at Handback in a sentence

• The Independent Engineer’s OVT effort during construction will focus on materials, components, systems and Elements where Nonconforming Work, Deviations, Defects or other non-compliance could affect safety, compliance with Governmental Approvals or the Residual Life at Handback.

• Subject to Section 8.10.3.2, on the Termination Date Developer shall transfer the Project, including all Upgrades, to TxDOT, at no charge to TxDOT, in the condition and meeting all of the requirements for Residual Life at Handback specified in the Handback Requirements.

• Dembsey, N.A., and Barnett, J.R., “Fire Characteristics of Cored Composite Materials for Marine Use”, Fire Safety Journal, 30:2 (1998) 137-159.

• Subject to Section 5.11.3(b), on the Termination Date Developer shall cause the Project, at no charge to TxDOT, to be in the condition and meet all of the requirements of the Elements detailed in Section 19 of the Technical Provisions for the Residual Life at Handback specified in the Handback Requirements.

• Subject to Section 8.10.3.2, on the Termination Date Developer shall transfer the Facility, including all Upgrades, to TxDOT, at no charge to TxDOT, in the condition and meeting all of the requirements for Residual Life at Handback specified in the Handback Requirements.

• Subject to Section 20.1.3, on the Termination Date Developer shall transfer the Project, including all Upgrades, to TxDOT, at no charge to TxDOT, in the condition and meeting all of the requirements for Residual Life at Handback specified in the Handback Requirements.

• Subject to Section 5.11.3(b), on the Termination Date Developer shall cause the O&M Limits, at no charge to TxDOT, to be in the condition and meet all of the requirements of the Elements detailed in Section 19 of the Technical Provisions for the Residual Life at Handback specified in the Handback Requirements.

• Upon the termination or expiration of the Maintenance Period, Maintenance Contractor shall cause the Project, at no charge to TxDOT, to be in the condition and meet all of the requirements of the Maintenance Elements detailed in Attachment 5 of Exhibit 2 for the Residual Life at Handback specified in Section 4 of Exhibit 2.

• Subject to Section 6.12.3.2, on the Termination Date Developer shall cause the O&M Limits, at no charge to IFA, to be in the condition and meet all of the requirements for Residual Life at Handback specified in the Handback Requirements.

• Where a Residual Life at Handback (“Handback” hereinafter used to refer to the “Date of Transfer to INDOT”, as specified under the Road Transfer Agreement (Exhibit C)) is specified in Table 1, the Residual Life at Handback shall be equal to or greater than the period set forth therein.