Common use of Operation and Maintenance of the Project Clause in Contracts

Operation and Maintenance of the Project. To the extent funds are legally available, the City shall maintain and preserve the Project and all buildings, facilities and equipment constituting any part of the Project with respect to facilities of like size and character. The City shall not abandon or vacate the Project, except as permitted by the Project Lease. The City shall from time to time make all necessary and proper repairs, renewals and replacements to the Project, consistent with the protection of the Purchaser. If any event shall occur such that abatement is authorized under the Project Lease, the Executive Director of the Authority and the City Manager shall use their best efforts to bring forward at the earliest possible date a plan to mitigate any such abatement for consideration of the Authority Board and the City Council, respectively.

Appears in 2 contracts

Sources: Continuing Covenant Agreement, Continuing Covenant Agreement

Operation and Maintenance of the Project. To the extent funds are legally available, the City shall maintain and preserve the Project and all buildings, facilities and equipment constituting any part of the Project with respect to facilities of like size and character. The City shall not abandon or vacate the Project, except as permitted by the Project LeaseGeneral Sublease Agreement. The City shall from time to time make all necessary and proper repairs, renewals and replacements to the Project, consistent with the protection of the Purchaser. If any event shall occur such that abatement is authorized under the Project LeaseGeneral Sublease Agreement, the Executive Director of the Authority and the City Manager shall use their best efforts to bring forward at the earliest possible date a plan to mitigate any such abatement for consideration of the Authority Board and the City Council, respectively.

Appears in 1 contract

Sources: Continuing Covenant Agreement