Maintenance and Repairs definition

Maintenance and Repairs. To have made or schedule repairs, improvements, and alterations required to maintain the Property in a good state of repair and appearance. To purchase or lease on behalf of the Owner, all equipment, tools, appliances, materials and supplies necessary for the continuous maintenance and operation of the Property. To hire outside contractors as necessary. Manager agrees to secure the prior approval of the Owner on all expenditures in excess of $10,000.00 for any one item, except when, in the opinion of the Manger, such maintenance or repairs are necessary to protect the property from damage or to maintain services to the tenants as called for in their leases (“emergency maintenance or repairs”). Manger will promptly notify Owner of any needed emergency maintenance or repairs. If Manager does not receive a timely response from Owner, Manager may proceed with the emergency maintenance and repairs. Owner understand and agrees Owner's Agent is not required to make inspections of the property for the purposes of structural defects and or any engineering concerns. Owner agrees not to hold Owner's Agent responsible for any damages, accidents or liability resulting from any such structural defects and or any engineering concerns that may result to any party, (tenant, guest, employee, owner, owner's agent or otherwise) anywhere on the property or otherwise. Owner understands and agrees Owner's Agent is only required to determine the needs for minor repairs and maintenance of said premises.

Maintenance and Repairs items of maintenance and repair to the Improvements or Equipment similar to the items of work (but not limited to such specific items) described in the physical inspection reports delivered to Lender in connection with the closing of the Loan.

Maintenance and Repairs means maintenance, repair, restoration and replacement of Facility assets (with the exception of items constituting Capital Expenditures), in accordance with usual and customary industry practices consistent with those of other multi-modal transportation facilities of similar age, size and facilities.

Examples of Maintenance and Repairs in a sentence

• Tenant Responsible for Maintenance and Repairs – Landlords need to pay for the property’s maintenance and repairs; however, many leases and rental agreements are written to purposely confuse tenants when describing the landlord’s responsibilities.

• Major Maintenance and Repairs Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably.

• Major Maintenance and Repairs Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that the future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably.

• However, any repairs required by the initial inspection of a Chassis and all Major Maintenance and Repairs required prior to the completion of or pursuant to a CIR, unless such Major Maintenance and Repairs result from use of the Chassis after induction into the Chassis Pool beyond normal wear and tear, shall be for the account of the Contributor.

• Please see unaudited RSI—Deferred Maintenance and Repairs for additional information including measurement methods.

More Definitions of Maintenance and Repairs

Maintenance and Repairs means those necessary, ordinary, day-to-day maintenance, repairs to the Arena and the Parking Areas, and restoration and replacement of Arena assets, not otherwise constituting Capital Expenditures or Additions, in accordance with usual and customary arena industry practices consistent with those of other major sports and entertainment facilities of similar age, size and facilities.

Maintenance and Repairs means routine maintenance, preventative maintenance and repairs to the Water and Wastewater System including, without restriction and by way of example only: (i) maintenance and preventative maintenance required under the Approvals, including analyzer calibration and verification on an annual cycle; (ii) annual verification and calibration of analog devices; (iii) pumping system maintenance; (iv) annual inspection of motor control system, including infrared scan on a two (2) year cycle and cleaning on a five (5) year cycle; (v) blower repair and maintenance inspections; (vi) testing and verification on a six (6) month basis of all bench test equipment; (vii) grinder pump maintenance and systems check; (viii) cleaning of all grinder pump components as required.

Maintenance and Repairs means work, labor and materials reasonably required in the ordinary course of business to be performed and used to: (i) maintain the Leased Property in good, clean working order; (ii) maintain the Leased Property in compliance with all applicable governmental laws and regulations and Baseball Rules and Regulations; (iii) repair or restore components of the Leased Property as a result of ordinary wear and tear, damage or destruction; and (iv) replace, at the end of their economic life cycle, those components of the Leased Property whose reasonably expected economic life at the time of original installation was two years or less.

Maintenance and Repairs means those reparations which are from time to time made to the plant in order

Maintenance and Repairs means periodic expenditures that sustain an asset in good working order throughout its estimated useful life. Maintenance and repairs do not expand the capacity or extend the useful life of the asset and are therefore not capitalized.

Maintenance and Repairs means those reparations

Maintenance and Repairs means those reparationswhich are from time to time made to the plant in order to keep the same in safe and efficient running-order, and includes the replacement of any small portion thereof up