Maintenance and repair costs definition

Maintenance and repair costs means costs and expenses incurred by a cooperating party from the party's own revenues for maintaining or repairing a project.
Sample 1Sample 2Sample 3
Maintenance and repair costs means Licensor’s costs for labor and materials required to perform splicing and testing to restore or maintain normal functioning of the Cable and Cable Facilities for which Licensee has a license pursuant to this Agreement; provided, however, that Maintenance and Repair Costs do not include any relocation or replacement costs. Licensor shall notify Licensee’s outage coordinator at least two (2) weeks in advance of any planned maintenance, repair, removal or replacement of Cable or Cable Facilities which Notice shall include the type of action, the expected duration and the estimated costs.
Sample 1Sample 2
Maintenance and repair costs means all costs to maintain, replace and repair a Building, the Premises, or any part of a Building or the Premises, including (a) costs paid to Third Parties under maintenance, management, and service Contracts for janitorial, security, and refuse removal services; (b) costs to maintain, repair, and replace the structural portions of the roofings and the roof coverings of a Building; (c) costs to maintain, repair, and replace the heating, ventilating, air conditioning, interior sprinkler systems, plumbing, sewer, drainage, electrical, fire protection, escalator, elevator, life safety and security systems (collectively, the “Systems”) and any damage or repairs necessary to be made to a Building or the Premises as a result of a failure or other issue with any such Systems; (d) costs of window glass replacement and repair; (e) costs of any repairs to the foundation, the footings, the floor slabs, and the load-bearing walls and exterior walls of the Building or the Premises; and (f) the cost of capital improvements or repairs (including, if a capital improvement, any costs referenced in (b), (c) or (e) of this paragraph), amortized over the useful life of such capital improvement or repairs as reasonably determined by Landlord taking into account all relevant factors.
Sample 1

Examples of Maintenance and repair costs in a sentence

  • Maintenance and repair costs may be included here if directly allocated to program.

  • Maintenance and repair costs are expensed as incurred, except where they serve to increase productivity or to prolong the useful life of an asset, in which case they are capitalized.

  • Maintenance and repair costs are charged to the statement of income as incurred.

  • Maintenance and repair costs are charged to earnings while expenditures for major renewals and improvements are capitalized.

  • Maintenance and repair costs (day to day costs of servicing) are expensed as incurred.

  • Maintenance and repair costs incurred for tangible assets, are recorded as expense.

  • Maintenance and repair costs are expensed in the period incurred.

  • Maintenance and repair costs are charged to expenses as incurred.

  • Maintenance and repair costs for the new facility will be low at the beginning of its 50-year lifespan.

  • Maintenance and repair costs are recognized as expenses in the period in which they are incurred.


More Definitions of Maintenance and repair costs

Maintenance and repair costs which include the cost of replacement parts and maintenance and repairs undertaken under this agreement by Persons not included in the FSRU’s complement of shipboard personnel (including services and spares, where services shall cover all reasonable amounts, prudently incurred, paid for assistance to the FSRU by such Persons such as voyage repairmen and specialists), equipment rentals, service contracts, fees paid to the classification society, regulatory authorities and consultants and other similar expenses, and spares shall cover all reasonable amounts, prudently incurred for spare parts (including transportation and insurance), normal replacement of machinery and equipment which has become warn out, lost, damaged or obsolete, repair and reconditioning of machinery and equipment and other similar expenses, and all other costs incurred for maintaining and repairing the FSRU&M;
Sample 1

Related to Maintenance and repair costs

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Maintenance With respect to any Cooperative Unit, the rent paid by the Mortgagor to the Cooperative Corporation pursuant to the Proprietary Lease.