Deferred Maintenance Work definition

Deferred Maintenance Work means the repairs, improvements and ------------------------- replacements to the Properties in the amounts more particularly described on Exhibit A hereto. ---------

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Deferred Maintenance Work means the repairs to the roof drain, gazebo, waste water treatment plant, asphalt, pool, fence and water heater all as more fully described in the Property Condition Survey dated May 22, 2000, prepared by National Assessment Corporation with respect to the Colonies of Margate Property and Mid-Florida Lakes Property, and prepared by Integrated Property Analysis, Inc. with respect to the DeAnza Santa Cruz ▇▇▇perty.

Deferred Maintenance Work means the parking lot asphalt repairs, all as more fully described in the Property Condition Report dated November 21, 2002, prepared by National Assessment Corporation.

Examples of Deferred Maintenance Work in a sentence

Borrower covenants and agrees to construct, erect, undertake and complete or cause to be constructed, erected, undertaken and completed each item of work set forth on Exhibit B hereto (the “Deferred Maintenance Work”) no later than the date for completion of such item of Deferred Maintenance Work set forth on Exhibit B or, if no such date is set forth for such item on Exhibit B, then within 120 days after the date hereof.
Borrower shall pay for and obtain or cause to be paid for and obtained all permits, licenses and approvals required by all applicable laws with regard to the Deferred Maintenance Work, whether necessary for commencement, completion, use or otherwise.
Borrower shall perform the Deferred Maintenance Work in a workmanlike manner and in accordance with all applicable laws, ordinances, rules and regulations.
Lender may require an inspection of the Property at Borrower’s expense prior to making a disbursement in excess of $50,000 in order to verify completion of the item(s) of Deferred Maintenance Work for which reimbursement is sought.
Borrower shall complete the lien-free performance of the Deferred Maintenance Work (as defined below) on or before December 31, 2000.
In addition to such balance, the Borrower will deposit in the Capital Expenditure and FF&E Reserve Account on the Closing Date (i) $1,992,000 for Deferred Maintenance Work, (ii) $117,000 for ADA Compliance Work and (iii) $206,000 for Environmental Remediation Work (collectively, the "Work").
Borrower shall complete the lien-free performance of the Deferred Maintenance Work (as defined below) on or before the date that is six (6) months after the Disbursement Date.

More Definitions of Deferred Maintenance Work

Deferred Maintenance Work means the required work at the Property, as more particularly set forth on Exhibit D attached hereto.

Deferred Maintenance Work means those items set forth on Exhibit C attached hereto and as more fully described in the Property Condition Report dated August 31, 2006, prepared by Land America Assessment Corporation.