Recurring Maintenance definition

Recurring Maintenance means planned work activities to sustain the useful life of any buildings assigned to Lessee and all Improvements on the Premises. It also means planned or unplanned activities to repair or replace damaged or worn- out elements of Improvements and assigned buildings to a fully functioning condition. Recurring Maintenance activities typically reoccur on a periodic cycle of greater than one year. Recurring Maintenance activities include but are not limited to (i) maintaining and cleaning cisterns, sump pumps, and pipes due to functional failure, (ii) repairing broken fences, water infrastructure, and corrals; and (iii) inspecting, grading and repairing roads, driveways, and culverts.
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Recurring Maintenance. REVENUES" means, with respect to any period, the revenues of the Borrowing Base Participants for such period that are derived from contractual provisions providing for an agreed upon periodic payment (as opposed to a episodic payment, e.g., move-add-change and maintenance-per-call) for the provision of maintenance services and ongoing support as reflected in such Borrowing Base Participants' financial statements prepared in accordance with their historical practices.
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Examples of Recurring Maintenance in a sentence

  • Immediate Rights and Remedies N/A Monthly Rights and Remedies For High Severity Alerts, failing to meet the SLA objective shall result in a rebate of 5% of the Monthly Recurring Maintenance Charge for the affected device (not to exceed 25% of the Monthly Charge).

  • Immediate Rights and Remedies N/A Monthly Rights and Remedies Failing to meet the SLA objective shall result in a rebate of 5% of the Monthly Recurring Maintenance Charge for the affected device (not to exceed 25% of the Monthly Charge).

  • If Tenant requests any modifications to the scope of the Tenant Reviewed Recurring Maintenance, Landlord shall use reasonable efforts to accommodate the same; provided, however, that any and all additional costs incurred by Landlord as a result of such modifications shall be included as part of Operating Expenses, subject to the CAM Pools.

  • Recurring Maintenance for Dam and Spillway .............................................

  • Recurring Maintenance Inspect the state of paintwork of doors, windows and partitions, and renew if necessary.

  • Recurring Maintenance Watering according to irrigation system, climate factors, soil type, time of year, type of green area and step of growth.

  • Make any change to their billing practices which could have a material adverse effect upon the value of the Recurring Maintenance Revenues or which could otherwise result in a Material Adverse Change.

  • The Eligible Recurring Maintenance Revenue consists of revenue recognized in accordance with GAAP and generated in the ordinary course of the US Borrowing Base Companies' business.

  • Contractor shall provide Recurring Maintenance and Repair Services through implementation of a Preventive Maintenance Plan which defines, schedules, and executes periodic quarterly, semi-annual, and annual facility inspections.

  • Recurring Maintenance Revenues, measured on a monthly basis, of not less than $10,000,000 during the prior five (5) months.