Existing Maintenance Standards Sample Clauses
The 'Existing Maintenance Standards' clause defines the baseline level of upkeep and repair that must be maintained for a property or asset, typically referencing the condition as of a specific date or prior to a transaction. In practice, this clause requires the responsible party—often a tenant or property manager—to maintain the premises in at least the same condition as it was at the start of the lease, accounting for normal wear and tear. By establishing a clear maintenance benchmark, this clause helps prevent disputes over deterioration and ensures that the property is returned or maintained in an agreed-upon state.
Existing Maintenance Standards. Each Participating TO shall provide to the CAISO, as set forth in Appendix C hereto: (1) the Participating TO's standards for inspection, maintenance, repair, and replacement of its facilities under the CAISO's Operational Control; and (2) information, notices, or reports regarding the Participating TO’s compliance with the inspection, maintenance, repair, and replacement standards set forth in Appendix C hereto.