Maintenance guarantee definition

Maintenance guarantee means an undertaking by the Developer to the Town that all Works constructed under this Agreement will function as designed and will not fail in any manner whatsoever so as to cause a risk to public safety or private lands, Building or structures within the Plan of Subdivision or immediately adjacent boundary lands, and that should the Works, or any of them, fail or not perform their intended function within the specified maintenance guarantee period, they will be replaced or repaired to the satisfaction of the Director of Public Works by the Developer at its cost.
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Maintenance guarantee means any security which may be
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Maintenance guarantee means a guarantee that the Public Improvements constructed shall be free from defects and failures as more fully described in Paragraphs 5.2 and 5.4 below.
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Examples of Maintenance guarantee in a sentence

  • Bank guarantee or payment at CFC.2. B.G. confirmation letter.3. Agreement form, duly filled in & singed, having franking of appropriate amount of Stamp Duty paid.4. Maintenance guarantee from on Rs.100/- Stamp Paper / Franked.5. Work Completion certificate duly signed by the User Department.6. Handing over & taking over report.AGREEMENT FORM Tender / Quotation dated 20… Standing Committee/Education Committee Resolution No. ……..…………………………….

  • Sub-Clause 48.2 has been replaced as followsOn Completion of the whole of the Works half the total amount retained is repaid to the Contractor and half when the Maintenance guarantee period has passed.

  • Per annum interest on cash escrow deposits shall be reinvested in the account until the surety is released from liability.B. Maintenance guarantee.

  • Maintenance guarantee: Any security that may be required and accepted by the Charter Township of Berlin to ensure that necessary improvements will function as required for a specific period of time.

  • Maintenance guarantee, repair guarantee, notice of other documents, and other language shall be provided, though the signatures are not required prior to public hearing.


More Definitions of Maintenance guarantee

Maintenance guarantee means any security which may be accepted by a municipality for the maintenance of any improvements required by this act, including but not limited to surety bonds, letters of credit under the circumstances specified in section 16 of P.L.1991, c.256 (C.40:55D-53.5), and cash.
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Maintenance guarantee means any security which may be accepted by a municipality
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Maintenance guarantee means any security which is deemed acceptable to the County Counsel and in an amount acceptable to the County Engineer to assure that certain improvements will be made or maintenance performed for a period of two (2) years after the date of release of a performance guarantee.
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Maintenance guarantee means a security required or accepted to assure that necessary improvements will func- tion as required for a specific period of time.
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Maintenance guarantee means any security which may be accepted by a municipality for the maintenance of any improvements required by this act, including but not limited to surety bonds, letters of credit under the circumstances specified in section 16 of P.L.
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Maintenance guarantee means any security which may
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Maintenance guarantee. Shall have the meaning indicated in Section 25.6 below.
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