Capital Item definition

Capital Item means an addition or modification to, change in or repair, replacement or renewal of plant, equipment or facilities used by Owner to fulfill Owner’s obligations under this Agreement. A Capital Item does not include Repairs to such plant, equipment or facilities. A Capital Item does not include an Upgrade, unless recovery of costs of the Upgrade has been approved by CAISO. For purposes of this Agreement, Capital Items are “retirement units” or other items the costs of which are properly capitalized in accordance with the FERC Uniform System of Accounts, 18 C.F.R. Part 101.

Capital Item means any real or personal property acquired by the Research Organisation wholly or in part with Research Funds which costs in excess of $7,500 (including land, buildings, improvements, yards, fencing, roads, irrigation facilities, plant and equipment) provided that where a number of substantially similar items are acquired at or near the same time (for example, laboratory equipment), it is the total cost of the group of items and not the unit cost which must be taken into consideration in determining whether the $7,500 threshold has been reached.

Capital Item means an item of plant or equipment to be purchased by the Recipient as part of the Services.

Examples of Capital Item in a sentence

• The issue of whether Owner is obligated to install a Capital Item is subject to ADR.

• In no event shall (i) the Monthly Option Payment for any month be less than zero, (ii) the sum of the Monthly Availability Payments for a Contract Year exceed the Annual Fixed Revenue Requirement for the Contract Year, or (iii) the sum of the Monthly Surcharge Payments for the Contract Year exceed the Annual Capital Item Cost (as defined in Schedule B) for the Contract Year.

• Owner shall keep full and detailed records of the cost of the Capital Item and shall make them available to CAISO for inspection upon reasonable request.

• If CAISO has approved the Capital Item or Repair, CAISO shall intervene in support of such filing including support of requests to place the change in effect without suspension or hearing.

• Otherwise, Owner shall not be obligated to install any Capital Item unless CAISO is obligated to pay a Surcharge Payment for the Capital Item.

More Definitions of Capital Item

Capital Item means any real or personal property acquired by the Grantee wholly or in part with Trust funds (including, without limitation, land, buildings, improvements, yards, fencing, roads, irrigation facilities, plant, equipment, and livestock) and in relation to any livestock acquired by the Grantee wholly or in part with Trust funds, includes the progeny of such livestock;

Capital Item means a single item of durable equipment, a vehicle, a structure (facility) and real estate with an acquisition cost of $5000 or more.

Capital Item means any tangible property acquired by a party in the course of carrying out the Research Project that has a purchase price greater than $3,000;

Capital Item means any purchase or project for construction which (a) adds or improves the physical facilities, (b) has an expected use of more than three years, and (c) has a cost in excess of $10,000.00.

Capital Item means an amount set out in the Schedule under the heading "Capital Expenditure".

Capital Item means an item that has a life expectancy of more than one year and that was wholly or partially acquired with over $1,000 (not including GST) of Funding and includes (but is not limited to):

Capital Item means an amount set out in the Schedule opposite an agency under the heading “Capital Expenditure”;