Low Emission Systems. The Sponsor agrees that vehicles and equipment included in this Grant: a. Will be maintained and used at the airport for which they were purchased; b. Will not be transferred, relocated, or used at another airport without the advance consent of the FAA; and c. Will be replaced, at the Sponsor’s own cost, if disabled or seriously damaged during its useful life, with an equivalent vehicle or unit that produces an equal or lower level of emissions for the remaining portion of the useful life of the damaged vehicle or equipment, or life of Airport Emissions Reduction Credits (AERC) (if earned), whichever is longer. d. The Sponsor further agrees that it will maintain annual records on individual vehicles and equipment, project expenditures, cost effectiveness, and emission reductions.
Appears in 3 contracts
Sources: Grant Agreement, Grant Agreement, Grant Agreement