Service Covenant definition
Examples of Service Covenant in a sentence
Commencing on the Commencement Date, the obligations of the County to duly observe and comply with the Service Covenant shall apply continuously and without interruption for the Term of this Agreement.
The County shall exercise all reasonable efforts to minimize the costs incurred in complying with the Service Covenant consistent with its responsibilities hereunder and under this Agreement, Applicable Law and prudent solid waste management practice and environmental considerations.
From the Commencement Date to the date of expiration or termination of this Agreement, the obligation to the City to pay the Contract Rate, to the extent the City rather than Franchise Haulers is responsible directly for payment and provided that the Service Covenant has been complied with, shall be absolute and unconditional and shall not be subject to delay or diminution by reason of set-off, abatement, counterclaim, existence of a dispute or otherwise.
In the event that any Change in Law or other Uncontrollable Circumstance impairs or precludes compliance with the Service Covenant by the means or methods then being employed by the County, the County shall implement alternative or substitute means and methods to enable it to satisfy the terms and conditions of the Service Covenant.
A pre-proposal conference was held on August 12 with seven attendees representing five firms: Alston Tascom, Aspire Answering Service, Covenant Industries, MAP Communications, Inc., and Professional Communications Network.
Except as set forth in Section 4.5 hereof, services provided by Rockland Green pursuant to the Service Covenant shall be provided free of charge to the Municipality.
In the event that any Uncontrollable Circumstance impairs or precludes compliance with any such covenant by the means or methods then being employed by Rockland Green, Rockland Green shall implement and pay for alternative or substitute means and methods to enable it to satisfy the terms and conditions of the Service Covenant.
The Borrowers covenant to and agree with the Issuer and the Borrower Security Trustee that the Free Cashflow DSCR of the Borrowers shall not, on any Financial Quarter Date, in respect of the most recent Relevant Period or the most recent Relevant Year be less than 1.10:1 (the “FCF DSCR ”or the “Debt Service Covenant ”).
Except as otherwise provided herein with respect to the Service Covenant, neither party shall be liable to the other for any failure or delay in the performance of any obligation under this Agreement to the extent due to the occurrence of an Uncontrollable Circumstance.
The Municipality acknowledges that, except as set forth below, Rockland Green intends to pay the costs of meeting the Service Covenant through the imposition of User fees under its statutory power on the Users who are located within the jurisdiction of the Municipality, and the Municipality shall cooperate with Rockland Green in Rockland Green’s billing efforts.