Maintenance Requirement definition
Examples of Maintenance Requirement in a sentence
In all cases, funding of any Request for an Advance will be subject to compliance by Customer with the terms and provisions of the Act, the Regulations, the Credit Policy and this Agreement, including, without limitation, the Stock Ownership Requirement and Collateral Maintenance Requirement.
If Buyer fails to timely deliver to Seller a written notice or report required by (b), (c), or (d) 264 below, then, except for Seller’s continuing Maintenance Requirement, Buyer shall have waived Seller’s 265 obligation(s) to repair, replace, treat or remedy the matters not inspected and timely reported.
This Collateral Maintenance Requirement may be increased or decreased by Seattle Bank at any time, based upon Customer’s creditworthiness or the quality of Customer’s Eligible Collateral, as determined by Seattle Bank from time to time.
GBRA shall also render monthly bills to the WCID for one- twelfth (1/12th) of the Operation and Maintenance Requirement and Budgeted CRR Requirement, and one- twelfth (1/12th) of the Non-Budgeted CRR Requirement and the Repayment Requirement for as long as such latter two Requirements exist and available monies remain in the associated CRR Fund and Hydro Fund.
The Maintenance Requirement shall be determined by Bank in its sole discretion.
FHLBank may elect to treat any such Mortgage Collateral as Collateral that is not Qualifying Collateral or impose on such Collateral a higher Collateral Maintenance Requirement than similar Mortgage Collateral with respect to which such notes or other documents comprising or representing it have not been destroyed.
Finally, for a release of Collateral to occur under paragraph 2 of said SCHEDULE C, the Collateral Maintenance Requirement to be satisfied thereunder is the requirement that the Obligations as a percentage of market value of the Collateral shall be not greater than 50% after giving effect to any such release.
This shall include equipment and system technical documentation, including but not limited to Technical Manuals (TM), ECP, Planned Maintenance System (PMS) including Maintenance Requirement Card (MRC) and Maintenance Index Page (MIP), data for update to Allowance Parts List and Work Packages supplied as GFI/Government-Furnished Material (GFM).
If Buyer fails to timely deliver to Seller a written notice or report required by (b), (c), or (d) 208 below, then, except for Seller’s continuing Maintenance Requirement, Buyer shall have waived Seller’s 209 obligation(s) to repair, replace, treat or remedy the matters not inspected and timely reported.
Unless Buyer exercises the right to terminate granted herein, Buyer accepts the physical condition of the Property and any violation of governmental, building, environmental, and safety codes, restrictions, or requirements, but subject to Seller’s continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any and all repairs and improvements required by Buyer’s lender.