Additional Maintenance Terms Clause Samples

The "Additional Maintenance Terms" clause sets out specific requirements or obligations related to the ongoing upkeep and servicing of goods, property, or equipment covered by the agreement. It may detail the frequency of maintenance, the party responsible for performing or paying for such services, and any standards or procedures that must be followed. By clearly defining these expectations, the clause helps prevent disputes over maintenance responsibilities and ensures that the subject of the contract remains in good condition throughout its term.
Additional Maintenance Terms. 2.4.1 After the Initial Maintenance Term, this CMC gives TxDOT the right to exercise, in its discretion, up to two consecutive option periods described in Section 2.4.2, requiring DB Contractor to provide Maintenance Services for the Project in accordance with the terms and conditions of the CMC Documents. 2.4.2 TxDOT, in its discretion, shall have the sole option to extend the term of this CMC for up to two additional five-year terms, for a maximum of 15 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years, unless terminated earlier in accordance with the terms of this CMC. 2.4.3 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 180 days prior to the scheduled expiration of the prior Maintenance Term.
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Additional Maintenance Terms. TxDOT, in it is sole and absolute discretion, shall have the sole option to extend the term of this Maintenance Agreement for up to four additional, five-year terms, for a maximum of 25 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years, unless terminated earlier in accordance with the terms of this Comprehensive Maintenance Agreement. If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 270 days prior to the scheduled expiration of the prior Maintenance Term.
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Additional Maintenance Terms. 4.2.1 TxDOT, in its discretion, shall have the option to extend the term of this CMA for up to two additional five-year terms for a maximum of 15 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years unless terminated earlier in accordance with the terms of this CMA. 4.2.2 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 90 days prior to the scheduled expiration of the
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Additional Maintenance Terms. 4.2.1 TxDOT, in its discretion, shall have the option to extend the term of this Capital Maintenance Agreement for up to two additional five-year terms for a maximum of 15 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years unless terminated earlier in accordance with the terms of this Capital Maintenance Agreement. 4.2.2 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 90 days prior to the scheduled expiration of the prior Maintenance Term. If TxDOT does not issue Maintenance NTP2 or Maintenance NTP3 by the applicable deadline set forth in this Section 4.2.2, TxDOT shall be deemed to have terminated this Capital Maintenance Agreement as described in Section 14.9. 4.2.3 If TxDOT issues Maintenance NTP2 or Maintenance NTP3, TxDOT also may elect to exercise the Section 2A Option for the applicable additional Maintenance Term. Upon issuance of Maintenance NTP2 and Maintenance NTP3, as applicable, TxDOT shall notify DB Contractor regarding TxDOT’s election to exercise the Section 2A Option for the applicable Maintenance Term. TxDOT may not exercise the Section 2A Option for a subsequent Maintenance Term if it did not exercise the Section 2A Option for the then-current Maintenance Term. 4.2.4 If TxDOT issues Maintenance NTP2 or Maintenance NTP3, TxDOT also may elect to exercise the LE Option for the applicable additional Maintenance Term. Upon issuance of Maintenance NTP2 and Maintenance NTP3, as applicable, TxDOT shall notify DB Contractor regarding TxDOT’s election to exercise the LE Option for the applicable Maintenance Term. TxDOT may not exercise the LE Option for a subsequent Maintenance Term if it did not exercise the LE Option for the then-current Maintenance Term. 4.2.5 For the avoidance of doubt, TxDOT’s decision with respect to exercising the Section 2A Option in connection with either Maintenance NTP2 or Maintenance NTP3 shall have no impact on its rights with respect to the LE Option and its decision with respect to exercising the LE Option in connection with either Maintenance NTP2 or Maintenance NTP3 shall have no impact on its rights with respect to the Section 2A Option.
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Additional Maintenance Terms. The Parties agree that IBM will provide Worldspan, at no additional cost, with additional maintenance services as needed, including, but not limited to: · 24x7 support; · around the clock customer engineer support; and · other services as described in the IBM Master Services Attachment for ServiceElite [**] Confidential treatment requested for redacted portion; redacted portion has been filed separately with the Commission.
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Additional Maintenance Terms. 4.2.1 TxDOT, in its discretion, shall have the option to extend the term of this CMA for up to two additional five-year terms for a maximum of 15 years. Each additional five-year term shall commence as of the expiration of the prior Maintenance Term and continue for a period of five years unless terminated earlier in accordance with the terms of this CMA. 4.2.2 If TxDOT elects to exercise its option rights for an additional Maintenance Term, TxDOT shall issue the applicable Maintenance NTP on or before 90 days prior to the scheduled expiration of the Texas Department of Transportation - 20 - Execution Version I-635 LBJ East Project Capital Maintenance Agreement prior Maintenance Term. If TxDOT does not issue Maintenance NTP2 or Maintenance NTP3 by the applicable deadline set forth in this Section 4.2.2, TxDOT shall be deemed to have terminated this CMA as described in Section 14.9. Texas Department of Transportation - 21 - Execution Version I-635 LBJ East Project Capital Maintenance Agreement
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Additional Maintenance Terms 
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Related to Additional Maintenance Terms

  • Installation and Maintenance Except for the bi‐directional and production metering equipment owned by the City, all equipment on Customer’s side of the delivery point, including the required disconnect device, shall be provided and maintained in satisfactory operating condition by Customer and shall remain the property and responsibility of the Customer. The City will bear no responsibility for the installation or maintenance of Customer’s equipment or for any damage to property as a result of any failure or malfunction thereof. The City shall not be liable, directly or indirectly for permitting or continuing to allow the interconnection of the Facility or for the acts or omissions of Customer or the failure or malfunction of any equipment of Customer that causes loss or injury, including death, to any party.

  • Listing and Maintenance Requirements The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act nor has the Company received any notification that the Commission is contemplating terminating such registration. The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market. The Company is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements.