Maintenance Payment Bond definition

Maintenance Payment Bond means the payment bond delivered by DB Contractor in the form attached to the CMA as Exhibit 5, Appendix 2.
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Maintenance Payment Bond means the payment bond delivered by Maintenance Contractor in the form attached to the Comprehensive Maintenance Agreement as Exhibit 7 to the Comprehensive Maintenance Agreement.
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Maintenance Payment Bond means the payment bond delivered by the Contractor in the form attached to the Agreement as Exhibit D (Form of Maintenance Payment and Performance Bond).
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Examples of Maintenance Payment Bond in a sentence

  • Insurance premiums for the insurance policies required for the Warranty Period and the premiums paid for the four-year Maintenance Performance Bond and the Maintenance Payment Bond shall be payable to reimburse Contractor for the bond premiums actually paid, without markup, profit or overhead, not to exceed the line item for such premiums set forth in the Proposal.

  • The synopses will take into consideration all Committee member comments from the EasyRetro tool.

  • Notwithstanding the foregoing sentence, the Joint Board will accept a Maintenance Performance Bond and a Maintenance Payment Bond with a stated term of at least one (1) year with a statement set forth in the applicable bond that it shall be renewable annually in accordance with the Surety’s customary renewal practices.

  • Moreover, we observe that firms operating under a gross cost contract have the highest technical efficiency.

  • RCTC will release the SR-91 Maintenance Payment Bond (i) upon receipt of (A) evidence satisfactory to RCTC that all Persons eligible to file a claim against the bond have been fully paid and (B) unconditional releases of Liens and stop notices from all Subcontractors who filed preliminary notice of a claim against the Bond, or (ii) upon expiration of the statutory period for Subcontractors to file a claim against the Bond if no Claims have been filed.

  • The Sensitive Investigations Committee shall have the authority to direct SHC internal resources (e.g., Internal Audit, Corporate Investigations, Law Department) to conduct such investigations.

  • The Zoning Hearing Board shall keep full public records of its business and shall submit a Report of its activities to the Borough Council once a year.

  • If DB Contractor (i) elects to provide a Letter of Credit as O&M Security and the initial Letter of Credit provided at Substantial Completion is less than the Maximum P&P LC Amount or (ii) is a limited liability entity and elects to provide the Maintenance Performance Bond and Maintenance Payment Bond as O&M Security, DB Contractor shall also provide a Guaranty satisfying the requirements of Section 7.6 on or before the date on which such O&M Security is provided to TxDOT.

  • ASPEN, District Judge: Plaintiff International Equipment Trading, Ltd.

  • If DB Contractor (i) elects to provide a Letter of Credit as Maintenance Security or (ii) is a limited liability entity and elects to provide the Maintenance Performance Bond and Maintenance Payment Bond as Maintenance Security, DB Contractor shall also provide a Guaranty satisfying the requirements of Section 7.6 on or before the date on which such Maintenance Security is provided to TxDOT.

Related to Maintenance Payment Bond

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Transition bond charge means a charge, expressed as an

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • principal contractor means an employer appointed by the client to perform construction work;