Maintenance Payment Clause Samples

A Maintenance Payment clause sets out the obligation for one party to make regular payments to cover ongoing maintenance costs related to a property, asset, or service. Typically, this clause details the amount, frequency, and method of payment, and may specify what types of maintenance expenses are covered, such as repairs, utilities, or upkeep. Its core function is to ensure that necessary maintenance is funded and performed, thereby preserving the value and functionality of the asset and preventing disputes over responsibility for maintenance costs.
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Maintenance Payment. The Authority agrees to pay the Municipality upon approval of submitted work orders, and in accordance with the Budget contained in Schedule “C” of the Annual Operating Agreement, for all parts and labour for maintenance of the transit vehicles, and all insurance deductible payments upon presentation of suitable documentation. The amount paid for parts shall not exceed the amount paid by the Municipality and shall be net of GST.”
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Maintenance Payment. Uniform maintenance reimbursement shall be paid annually in a lump sum of one thousand two hundred dollars ($1,200.00) and the appropriate tax withheld. Such payment shall be issued in via direct deposit the first pay period in January of every year or the first pay period after hiring. Such payment shall serve as sole payment to both probationary and non-probationary employees for maintenance and replacement of the department's standard issue of uniform items.
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Maintenance Payment. Clause 5.3.2(1) of the Lease is hereby amended by deleting the words "during the first 54 months of the Term" and substituting therefor the words "during the 24 month period immediately preceding the date falling six months prior to expiry of the Term".
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Maintenance Payment. The Department shall negotiate the subsidy with the guardians. The daily amount shall not exceed the current basic ▇▇▇▇▇▇ care rate plus any special needs or sibling allowance for which the child may be eligible.
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Maintenance Payment. Exhibit B of the License Agreement is amended to increase the Annual Maintenance Fee to [*] (USD). The following calculation method was used to derive the new Annual Maintenance Fee. License from Original Contract 12/03 in Pounds [*] In Dollars (USD) [*] New Enterprise License Extension In Dollars (USD) [*] New Total Net Software Licensed [*] New Annual Maintenance at 18% of the Net (USD) [*] Such payment will made on a pro rated basis due thirty days from the Effective Date. * CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
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Maintenance Payment. If provided for by this agreement, the amount of the daily cash payment (i.e., guardianship subsidy maintenance) is based on the age and special needs of the child or sibling allowance for which the child may be eligible. The amount of payment has been negotiated by mutual agreement between the guardians and the Department. This amount shall not exceed the maximum allowable maintenance payments the eligible child received in family ▇▇▇▇▇▇ care. The Department will make every effort to approve payments to the guardians on the first business day of the month. The Department may make adjustments in guardianship subsidy maintenance payments automatically to reflect “across the board” adjustments in accordance with ▇▇▇▇▇▇ family care maintenance rates. Adjustments to the daily guardianship subsidy maintenance rate due to the child’s age must be requested by the guardians. The rate is not automatically changed. Any changes to the daily guardianship subsidy maintenance rate become effective the first day of the month following the change.
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Maintenance Payment. If (i) the Parties have prepared and delivered [***] Joint Marketing Initiatives during [***] (in addition to the Joint Marketing Activities in [***]), and (ii) KBI has entered into at least [***] KBI Services Agreement (such KBI Services Agreement could include an agreement among KBI, AbSci and a client), during [***] to participate in a Feasibility Study or Joint Development Project, KBI shall pay to AbSci an irrevocable, non-refundable, non-creditable payment of [***] (the “[***] Maintenance Payment”). For purposes of this Section 5.2(b), a KBI Services Agreement will be considered to have been entered into in [***] if it was primarily negotiated before the expiration of [***] and the effective date of the Agreement is [***]. The [***] Maintenance Payment is due within [***] after the end of [***] or after the effective date of any such qualifying KBI Agreement hereunder, whichever is later. The Parties shall make good faith efforts to timely enter into the KBI Services Agreement required by 5.2(b)(ii).
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Maintenance Payment. 12.1. Landlord covenants and agrees to maintain in good condition and repair the structural elements of the Premises, including the roof, and foundations of the Premises, and any and all utility lines, systems and components located within or passing through but not exclusively serving the Premises including but not limited to electrical, plumbing and sewer lines, components and connections, as well as any and all utility systems, lines and components 'located outside of any serving the Premises. Acknowledging that Tenant's ability to generate business revenue from which to satisfy Tenant's rental obligation to Landlord hereunder is dependent in part, upon Landlord fulfilling its maintenance and repair obligations as soon as reasonably possible. Landlord hereby agreed that in order to prevent a material disruption of, or interference with, the conduct of Tenant's business in the Premises, Landlord shall complete all maintenance and/or repairs required of Landlord hereunder promptly following notification from Tenant to Landlord of the need for same. Should Tenant notify the Landlord in person, by telephone or by facsimile transmission of any needed repairs (which are normally the responsibility of Landlord hereunder), which are required due to a condition of damage or disrepair which materially interferes with access to or use of the Premises by Tenant, its employees, contractors, agents, visitors or invitees, or which otherwise poses a threat of injury or damage to persons of property, and should Landlord fail to initiate any such needed repairs as soon as reasonably possible, following notice from Tenant for the need for same then, in that event. Tenant shall have a right of self help and may undertake such repairs. Tenant shall have the right of setoff or to deduct any costs or expenses incurred to complete said repairs if Landlord fails to reimburse Tenant for same within fourteen (14) days of receipt of Tenant's itemized expenses. Notwithstanding the foregoing. Tenant shall pay for repair of any damage to the structural elements caused by Tenant. 12.2. Tenant shall, at all times, maintain the demised premises (including all exterior entrances and the inside and outside of all glass in the doors and windows and show window moldings) and all partitions, doors and window frames, fixtures, equipment and appurtenances thereto (including, but not limited to, all electrical plumbing fixtures, heating, air-conditioning and other mechanical' installations ther...
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Maintenance Payment. ‌ The Maintenance Payment before inflation is stated by the PPP company in Appendix 2 to the PPP contract, the tender sheet. The Maintenance Payment is based on the estimated assumptions made on the basis of Appendix 1 (Functional Requirements) for normal operation, including in relation to amounts of waste and wastewater, level of treatment and composition of wastewater. The Maintenance Payment consists of three sub-components: • A payment for maintenance related to waste • A payment for maintenance related to rainwater. • A payment for maintenance related to wastewater. The Maintenance Payment is regularly adjusted for inflation according to the provisions of clause 3 of this appendix. It should be noted that Appendix 6, Guarantees, prescribes that the Maintenance Payment is transferred to a separate escrow account. According to the description in Appendix 6, another option is to provide a guarantee for the amount rather than using an escrow account (a maintenance escrow account).
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Related to Maintenance Payment

  • Maintenance Fees In case the Current account balance is less than a specific amount determined by the Bank management (subject to amendment from time to time), then the Bank may impose charges against the account’s maintenance which will be advertised at the Bank’s website and branches.

  • Maintenance Fee The Maintenance Fee (SEE SCHEDULE - ACCUMULATION PERIOD) will be deducted during the Accumulation Period from the Account Value on each anniversary of the Account Effective Date and upon withdrawal of the entire Account.

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Maintenance Charges 6.1 The maintenance services for the Said Plot / Said Complex/Said Building, as set out in Annexure T-IV to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the ▇▇▇▇(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

  • Maintenance Period During the Maintenance Period the Developer shall at its own expense maintain repair and otherwise keep the Works in good working order and repair to the reasonable satisfaction of ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ unless ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ shall declare that any required maintenance and/or repair is an emergency in which case the Developer shall carry out the said maintenance and/or repair immediately