Maintenance Requirement definition

Maintenance Requirement means the Value of Collateral which must be maintained in the Securities Account, as determined by the Lender from time to time in its discretion.
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Maintenance Requirement means, for any Fiscal Year in which Special Taxes are levied, the amount equal to the budgeted costs for Maintenance applicable to the CFD for such Fiscal Year.
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Maintenance Requirement means the amount calculated in accordance with paragraph 1 of Schedule 1;
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Examples of Maintenance Requirement in a sentence

  • Manufacturer Inspection and Preventive Maintenance Requirement: By manufacturer's technical representative, to report maintenance responsibilities to Owner necessary for preservation of Owner's warranty rights.

  • If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall pay such actual costs.

  • Unless Buyer exercises the right to 259 terminate granted herein, Buyer accepts the physical condition of the Property and any violation of 260 governmental, building, environmental, and safety codes, restrictions, or requirements, but subject to 261 Seller’s continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any and all 262 repairs and improvements required by Buyer’s lender.

  • Preservation system repairs are an Unrestricted Operations (URO) Maintenance Requirement Cards (MRC) program attribute.

  • The Unrestricted Operations (URO) Maintenance Requirement Cards (MRC) program was developed by NAVSEA to monitor specific areas of interest to determine if the conditions of these areas are suitable for continued unrestricted operations.

  • Annual Manufacturer Inspection and Preventive Maintenance Requirement: By manufacturer's technical representative, to report maintenance responsibilities to Owner necessary for preservation of Owner's warranty rights.

  • Northwestern University Maintenance Requirement Forms, see Division 01.

  • In all cases, funding of any Request for an Advance will be subject to compliance by Customer with the terms and provisions of the Act, the Regulations, the Credit Policy and this Agreement, including, without limitation, the Stock Ownership Requirement and Collateral Maintenance Requirement.

  • If Buyer fails to timely deliver to Seller a written notice or report required by (b), (c), or (d) 264 below, then, except for Seller’s continuing Maintenance Requirement, Buyer shall have waived Seller’s 265 obligation(s) to repair, replace, treat or remedy the matters not inspected and timely reported.

  • The Maintenance Requirement Analysis shall identify for each system function the potential functional failures, the failure consequences and the appropriate maintenance approach.


More Definitions of Maintenance Requirement

Maintenance Requirement means that (a) the sum of (x) the market value of the Borrower's total assets, minus (y) 100% of the value of any assets pledged to third parties in connection with any Indebtedness of the type referred to in Section 5.1(iii) and (iv), minus (z) 100% of the dollar amount of any Indebtedness secured by the Lien referred to in Section 5.2(v) must be equal to or greater than (b) 150% of the principal amount of the Loans outstanding together with accrued and unpaid interest thereon (in each case, as determined on the date the Borrower calculates its Net Asset Value and as determined by the Borrower in determining the net asset value of its shares).
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Maintenance Requirement means the obligation to maintain at all times Eligible Collateral in the Securities Account and Cash Collateral Account with an aggregate Maintenance Value, as determined by the Bank in its discretion, of not less than the Outstanding Principal Balance.
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Maintenance Requirement means, on any date, the percentage of the Value of the Collateral, expressed as a dollar amount and determined by the Lender, from time to time, in its discretion, denoting the maximum amount of the Advances that may be outstanding on that date. The Lender reserves the right to modify the Maintenance Requirement, from time to time, in its discretion, including but not limited to modifying the percentage of the Value of the Collateral to be used in determining the Maintenance Requirement and/or the type of Collateral that may be included in determining the Maintenance Requirement. Among other things, the Lender may, in its discretion, adjust the Maintenance Requirement as a result of a reduction in the trading volume or per share price of the Collateral.
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Related to Maintenance Requirement

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Maintenance Test means the maintenance test set out in Clause 12.1 (Maintenance Test).

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • performance requirement means a requirement that:

  • Debt Service Requirement means, as of any date of calculation with respect to the Bonds, the sum of (i) all interest due or to become due on such date on all Outstanding Bonds plus (ii) all Principal Installments due or to become due on such date on all Outstanding Bonds or, if no Principal Installment is due and payable on such date on any Outstanding Bonds, one- half of the Principal Installments, if any, due and payable on all Outstanding Bonds on the next succeeding Interest Payment Date.

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • Maintenance Window means the weekly maintenance windows for the Cloud Service identified in xxxxx://xxxxxxx.xxx.xxx/maintenance-windows. SAP may update the Maintenance Window from time to time in accordance with the Agreement.

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production. Manual Load Dump Action:

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Maintenance Schedule means a document which describes the specific scheduled maintenance tasks and their frequency of completion necessary for the safe operation of those aircraft to which it applies;

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • 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.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • Rebate Requirement means the amount of arbitrage profits earned from the investment of gross proceeds of Tax-exempt Bonds in nonpurpose investments described in Section 148(f)(2) of the Code and defined as "Rebate Amount" in Section 1.148-3 of the Treasury Regulations, which is payable to the United States at the times and in the amounts specified in such provisions.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • maintenance order , in relation to a court, means an order made by a court —

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Applicable requirement means all of the following as they apply to emission units in a source requiring an air quality operating permit (including requirements that have been promulgated or approved by the Department or the administrator through rule making at the time of issuance of the air quality operating permit, but have future-effective compliance dates, provided that such requirements apply to sources covered under the operating permit):

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

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.