Deferred Maintenance definition

Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

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Deferred Maintenance means any maintenance or repair that:

Deferred Maintenance means the maintenance, repair,

Examples of Deferred Maintenance in a sentence

• Not more frequently than once each Interest Accrual Period, and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower funds from the Deferred Maintenance Sub-Account, to the extent funds are available therein, for payment of Deferred Maintenance Costs.

• Together with each such request, Borrower shall furnish Lender with copies of bills and other documentation reasonably required by Lender to establish that such Deferred Maintenance Costs are reasonable, that the work relating thereto has been completed and that such amounts are then due or have been paid.

• The funds contained in the Deferred Maintenance Escrow Account shall be utilized by Borrower solely for performance of the Immediate Repairs in accordance with the Property Condition Assessments and Environmental Reports, and shall not be used by Borrower for purposes for which any other Reserve Account is established.

• In the event Borrower completes the repairs for which funds were reserved in the Deferred Maintenance Escrow Account to the reasonable satisfaction of Lender, Lender shall disburse any and all amounts then on deposit in the Deferred Maintenance Escrow Account to the Collection Account.

• The parties hereby agree that Landlord shall complete such Deferred Maintenance Items prior to the Commencement Date at Landlord’s sole expense.

More Definitions of Deferred Maintenance

Deferred Maintenance means improvements necessary for continued operation which that do not improve productivity, or alter the process technology, reduce pollution or conserve resources.

Deferred Maintenance has the meaning provided in Section 5.1(V).

Deferred Maintenance means improvements necessary for continued operation

Deferred Maintenance. ’ means the maintenance, repair, recon- struction or rehabilitation of a building located at a technical college or a postsecondary educational institution which has been deferred, any utility systems relating to such building, any life-safety upgrades to such building and any improvements necessary to be made to such building in order to comply with the requirements of the Americans with disabilities act or

Deferred Maintenance means the practice of postponing maintenance activities such as repairs on both real property (i.e. infrastructure) and personal property (i.e. machinery) in order to save costs, meet budget funding levels, or realign available budget monies.

Deferred Maintenance means the decreased value of the Property due to deferred maintenance or disrepair equal to the amount necessary to repair damages to the Property, if any, and to place the Property into saleable condition as reasonably determined by the HHA, including amounts attributed to cleaning, painting, replacing worn carpeting and draperies, making necessary structural, mechanical, electrical and plumbing repairs and repairing or replacing built-in appliances and fixtures.

Deferred Maintenance means any maintenance or repair that: Will be performed less frequently than yearly; and Will result in maintaining the useful life of an asset.