Like for Like Clause Samples
The Like-for-Like clause requires that any replacement, substitution, or repair of goods, materials, or services under a contract must be of equivalent quality, function, and specification to the original. In practice, this means if a component fails or needs to be swapped out, the party responsible must provide an item that matches the original in all material respects, such as performance, durability, and appearance. This clause ensures consistency and maintains the expected standard throughout the contract, preventing parties from downgrading or substituting inferior items, thereby protecting the interests of the receiving party.
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Like for Like. Notwithstanding anything in this Article 23 to the contrary, in the event that at Delivery the Aircraft did not meet a particular standard with respect to a specific item set forth in Exhibit B, and such deficiency was noted on the Estoppel and Acceptance Certificate, then LESSEE's return obligations with respect to such specific item will be modified accordingly so that LESSEE is not required to return such specific item with greater time remaining than existed at Delivery.
Like for Like. After the initial SLA installation, unless otherwise specified in an SLA, during the SLA Term, and provided that Licensee is not in Default (as defined herein) of any provision of this MLA or the respective SLA make replacements, modifications, repairs, or upgrades to Licensee’s WCF that are “like for like” or substantially similar in size, weight, frequency and dimension without incurring any increase in the then-current Rent, provided that the new equipment does not as determined in Licensor’s reasonable discretion:(a) cause an adverse change to the structural integrity, weight or wind loading of the rooftop; (b) increase the footprint of the Premises or Cabling Space; (c) alter the appearance of the Property, Building and/or Premises; or (d) create a potential safety hazard in violation of applicable laws or Interference (“Permitted Modification”). Prior to any new Permitted Modification, Licensee shall provide Licensor with: (i) the documents listed in Section 2.1.1 and (ii) a non-refundable fee in the amount of Five Hundred and No/100 Dollar ($500.00) (“Permitted Modification Review Fee”). Within (ten) 10 business days of receiving all of the information requested and the Permitted Modification Review Fee, Licensor shall either confirm the like-for-like status of the proposed work or reasonably request additional time for inquiries or research.