Define: Required Maintenance

How is Required Maintenance defined in a legal contract?

• Required Maintenance means the specific, necessary activities approved for fixture repairs and replacements in a facility, that are essential to keep the facility or system open, safe, and in its original condition. This includes things like maintenance of heating, lighting, and other fixtures to keep them functional. This does not include routine maintenance or capital maintenance activities. Instead, it's the approved repairs and updates that maintain a facility's safe operation and original condition. Seen in 5 SEC filings.
• Required Maintenance means the necessary activities when service has been interrupted and requires repair. Upgrades to existing infrastructure are not considered as required maintenance. Seen in 2 SEC filings.
• Required Maintenance means all the recommended standards by the original equipment manufacturer to keep equipment operating according to its specifications and design for its normal expected lifespan. Seen in 1 SEC filing.
• Required Maintenance means specific maintenance activities required for system warranty purposes - approved for replacements and repairs that keep a system or facility safe and functioning in its original state. Seen in 1 SEC filing.

Please note that some definitions have been omitted due to specific location or organisational details.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of required maintenance' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Required Maintenance means specific, approved activities for repairs and replacements, maintaining original, safe conditions.

Relevant Contract Type

• Maintenance Contracts
• Asset Management Contracts
• Facility Management Contracts

Relevant Circumstances

• When facilities require regular upkeep
• If Installed equipment needs ongoing support
• When there's an important device/system involved

Relevant Sectors

• Property Management
• Manufacturing
• Information Technology

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Genie Definition 2

Required Maintenance means all actions recommended by the manufacturer to keep equipment operating within its specifications and design.

Relevant Contract Type

• Equipment Lease Contracts
• Asset Purchase Agreements
• Manufacturing Contracts

Relevant Circumstances

• When hiring or leasing equipment
• During purchase of assets including equipment
• Production of goods involving machinery

Relevant Sectors

• Leasing
• Manufacturing
• Equipment Suppliers

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