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

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;

Examples of Capital Item in a sentence

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

• After Capital Items and Repairs aggregating $5,000,000 for the Facility in a Contract Year have been approved by CAISO, XXXXX’s approval of all other Capital Items and Repairs for that Contract Year shall not be effective unless the Responsible Utility has consented to such Capital Item or Repair.

• A Unit shall cease to be Closed if, during the 36 month period beginning at the date the Unit Closed, any entity: (i) sells Energy or capacity; (ii) executes a Direct Contract for service or (iii) obtains a new permit from any Governmental Authority for operations, in each case that would involve use of the Capital Item for which a Termination Fee is being paid.

• The Long- term Planned Outage Adjustment shall equal (a) the Hourly Availability Charge plus each Hourly Capital Item Charge, as shown in Schedule B, multiplied by (b) the difference, if positive, of (i) the hours scheduled for performance of Long-term Planned Outages minus (ii) the actual hours spent performing Long-term Planned Outages during the Contract Year.

• 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 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 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 under the heading "Capital Expenditure".

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 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 Alteration or improvement to the Building or fixture or equipment installed in the Building existing as of the Extended Term Commencement Date (excluding any such items installed by Tenant on or after the Extended Term Commencement Date), the expenditure for which would normally be treated as a capital expenditure under generally accepted accounting principles. As used herein, the term “Qualifying Capital Item” means a Capital Item that must be installed or replaced on or after the Extended Term Commencement Date by Tenant in order to meet Tenant’s Repair Obligations, and the installation or replacement of which is not necessitated due to (1) Tenant’s failure to maintain the Building in compliance with Tenant’s Repair Obligations, or (2) any act or omission of Tenant, its agents, representatives, employees, contractors or visitors, constituting negligence or willful misconduct or otherwise in violation of the terms of the Lease, or (3) Alterations to the Building voluntarily made by Tenant, which voluntary Alterations trigger any obligation to comply with any change in Laws that would not be required absent the making of such voluntary Alterations. For the avoidance of doubt, and by way of example, if Tenant fails to procure annual maintenance contracts for any HVAC system, life safety systems and elevators or to implement any maintenance recommendations of the service providers under such annual maintenance contracts, as required by Section 11.1, and as a result of such failure, replacement of a Capital First Amendment to 130 Potrero Lease Item is required sooner than would have been the case had Tenant procured such annual maintenance contracts and followed the maintenance recommendations of the service providers under such annual maintenance contracts, then the replacement of such item shall not constitute a Qualifying Capital Item.

Capital Item means any item that is identified in Schedule 2 – R&D Funding Application as a Capital Item. Commercialise means: