Property Operating and Maintenance Sample Clauses

Property Operating and Maintenance. The Transferor Company shall lease, manage, maintain and operate the Improvements in the ordinary course of business. Without limiting the generality of the foregoing, the Transferor Company shall perform all ordinary maintenance and repair of the mechanical, electrical and plumbing facilities and equipment within the Improvements so as to keep such facilities in good operating condition and repair, taking into account ordinary wear and tear; and to the extent any such facilities or equipment have heretofore been serviced under a Service Contract, the Transferor Company shall keep such Service Contracts in full force and effect up to Closing. For purposes hereof, the parties agree that the Transferor Company has retained or will retain the BRI Partnership or its affiliate (the "Management Company") as the manager for the Property pursuant to the Management Agreement attached hereto as Exhibit 7. The parties agree that the Management Agreement shall remain in effect until the expiration of the Earn Out Period and, until then, may not be modified, amended or terminated without the consent of both parties. Notwithstanding that the BRI Partnership is or will become the owner of the Management Company, until the expiration of the Earn Out Period, the Transferor Members shall have control over the activities of the Management Company and its personnel (including both on-site and managerial) with respect to the Property, including but not limited to, appointment, hiring, firing, supervision and compensation (both base and incentive, of personnel, operation, marketing, promotions and advertising, hours of operation and all other decisions as to the Property and its leasing and management; provided that such control shall be exercised in a commercially reasonable manner as compared with comparable properties in comparable locations. To facilitate this continued control, BRI Partnership agrees that ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, currently a vice president of The Questar Management Company, shall remain employed by the Management Company until the expiration of the Earn Out Period, his principal place of employment shall remain at the principal regional office of the Transferor Company and he shall devote such efforts to the Property as the Transferor Members shall require. Notwithstanding the foregoing, if the employment agreement of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ is terminated by BRI Partnership, then the Transferor Members at their option, may elect (a) to terminate the management agreement ...
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Related to Property Operating and Maintenance

  • Operating and Maintenance Costs The Participating Generator shall be responsible for all its costs incurred in connection with operating and maintaining the Generating Units identified in Schedule 1 for the purpose of meeting its obligations under this Agreement.

  • Property Maintenance Maintain all of its property that is necessary to or useful in the proper conduct of its business in good working condition, ordinary wear and tear excepted.

  • Operating and Maintenance Expenses Subject to the provisions herein addressing the use of facilities by others, and except for operations and maintenance expenses associated with modifications made for providing interconnection or transmission service to a third party and such third party pays for such expenses, Developer shall be responsible for all reasonable expenses including overheads, associated with: (1) owning, operating, maintaining, repairing, and replacing Developer’s Attachment Facilities; and (2) operation, maintenance, repair and replacement of Connecting Transmission Owner’s Attachment Facilities. The Connecting Transmission Owner shall be entitled to the recovery of incremental operating and maintenance expenses that it incurs associated with System Upgrade Facilities and System Deliverability Upgrades if and to the extent provided for under Attachment S to the ISO OATT.

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire 17.1.1 During the Operation Period, the Concessionaire shall operate and maintain the Bus Terminal in accordance with this Agreement either by itself, or through the O&M Contractor and if required, modify, repair or otherwise make improvements to the Bus Terminal to comply with the provisions of this Agreement, Applicable Laws and Applicable Permits, and conform to Specifications and Standards and Good Industry Practice. The obligations of the Concessionaire hereunder shall include: (a) permitting safe, smooth and uninterrupted flow of traffic on the Bus Terminal during normal operating conditions. Buses of other state road transport corporations shall be parked inside the Bus Terminal for which no charges shall be payable to the Concessionaire and if any charges are applicable for such parking then it shall be realized by Authority only; (b) minimising incidents affecting the safety and use of the Bus Terminal by providing a rapid and effective response and maintaining liaison with emergency services of the State; (c) carrying out periodic preventive maintenance of the Bus Terminal; (d) undertaking routine maintenance including prompt repairs of ticket counters, Workshops, Authority's Office and other infrastructure as mentioned in the Operation and Maintenance Schedule; (e) undertaking major maintenance such as per the Maintenance Schedule of the major infrastructure in the Bus Terminal; (f) preventing, with the assistance of the concerned law enforcement agencies, any encroachments on the Bus Terminal; (g) protection of the environment and provision of equipment and materials therefor; (h) operation and maintenance of all communication, control and administrative systems necessary for the efficient operation of the Bus Terminal; (i) maintaining a public relations unit to interface with and attend to suggestions from the Users, passengers, government agencies, media and other agencies; (j) complying with Safety Requirements in accordance with Article 18; (k) operation and maintenance of all Project Assets diligently and efficiently and in accordance with Good Industry Practice; (l) maintaining punctuality and reliability in operating the Bus Terminal; and (m) maintaining a high standard of cleanliness and hygiene in the Bus Terminal. 17.1.2 The Concessionaire shall remove promptly from the Bus Terminal all surplus construction machinery and materials, waste materials (including hazardous materials and waste water), rubbish and other debris (including, without limitation, accident debris) and keep the Bus Terminal in a clean, tidy and orderly condition,

  • Construction and Maintenance There are on-going maintenance, renovation and construction projects taking place in and around the residences. The work typically takes place during regular business hours, but may begin earlier or extend into evenings or weekends. On-going construction or renovation projects will continue through midterm and final exam periods. The University will take measures to ensure that prudent construction practices are followed, but there may be noise, dust and temporary interruption of some services. Residents may be required to temporarily or permanently relocate to facilitate construction or renovation to their residence area. There will be no compensation or reduction to your residence fees due to disruption and/or relocation.