Common use of Initial Maintenance Term Clause in Contracts

Initial Maintenance Term. The Initial Maintenance Term shall commence one year after Final Acceptance of the first Segment of the Project to be constructed in accordance with the Development Agreement (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement. The Maintenance Services shall be performed for each Segment of the Project commencing one year after the date of Final Acceptance of such Segment.

Appears in 5 contracts

Sources: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

Initial Maintenance Term. The Initial Maintenance Term shall commence one year after Final Acceptance of the first Segment of the Project to be constructed in accordance with the Development Design-Build Agreement (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement. The Maintenance Services shall be performed for each Segment of the Project commencing one year after the date of Final Acceptance of such Segment.

Appears in 4 contracts

Sources: Capital Maintenance Agreement, Capital Maintenance Agreement, Capital Maintenance Agreement

Initial Maintenance Term. The Initial Maintenance Term shall commence one year after Final Acceptance of the first Segment of the Project A to be constructed in accordance with the Development Agreement DBA (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, years unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement. The Maintenance Services shall be performed for each Segment of the Project commencing one year after the date of Final Acceptance of such Segment.

Appears in 1 contract

Sources: Capital Maintenance Agreement