Common use of Initial Maintenance Term Clause in Contracts

Initial Maintenance Term. 4.1.1 The Initial Maintenance Term shall commence upon Final Acceptance 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 Comprehensive Maintenance Agreement. During the first year of the Initial Maintenance Term, in which the construction warranties under the Development Agreement are in effect, for any failures of any of the work that is the subject of any such warranties, Maintenance Contractor shall not be required to correct or bear any of the costs associated with correcting such warranteed work. Maintenance Contractor shall not include these costs in the Maintenance Price set forth in Exhibit 4 of this Comprehensive Maintenance Agreement.