Capital Modification definition

Capital Modification means any material change, alteration, improvement, upgrade or modification of any of the Managed Assets, or any installation of new equipment or systems, including any of the foregoing that results from a replacement of any of the Managed Assets or the installation of new equipment, machinery, systems or other property at the Managed Assets.

Capital Modification means, on any Site, any material change to any part of the physical assets occurring after a School Occupancy Readiness Date, including the alteration, addition, demolition, or extension of the physical assets constituting the Project or the installation of new structures, equipment, systems, or technology.

Capital Modification means any material change to the Transfer Station or Drop-Box Sites including the installation of new structures, equipment, systems or technology following the Commencement Date.

Examples of Capital Modification in a sentence

• The City shall have the right but not the obligation, in its discretion and in lieu of any Project Company-Requested Capital Modification Financing by the Project Company, to finance any City-Requested Capital Modification Capital Costs itself.

• The Project Company acknowledges that the City has a direct interest in the terms under which the Permitted Debt is issued and new equity is raised for a City-Requested Capital Modification Financing.

• If the Project Company is unable to obtain financing for any City-Requested Capital Modification or the City does not approve the proposed financing therefor pursuant to this Section, the Project Company shall have no further obligations with respect to the financing of the City-Requested Capital Modification, and Section 12.3 (Capital Modifications at City Request) shall apply to the implementation of the City-Requested Capital Modification.

• The City shall enter into any agreement reasonably requested by the Project Company to protect its rights under this Section in connection with a proposed City-Requested Design Requirement Change or City-Requested Capital Modification.

• In such event, the City shall pay the Project Company for such costs from the proceeds of a City direct recourse financing or from City internally-generated funds, and there shall be no adjustment to the Unit Price on account of such City-Requested Capital Modification Capital Costs.

More Definitions of Capital Modification

Capital Modification means a material change, alteration, expansion, improvement or other modification to the physical assets constituting the Plant made after the Contract Date. Capital Modifications exclude ordinary and major maintenance, repairs and replacements.

Capital Modification means any material change, alteration, improvement, upgrade or modification of any of the Managed Assets, or any installation of new equipment or systems, including any of the foregoing that results from a replacement of any of the Managed Assets or the installation of new equipment, machinery, systems or other property at the Managed Assets, pursuant to the Company's responsibilities under Article XIV.

Capital Modification means any material change to any part of the Project occurring after the Acceptance Date, including the installation of new structures, equipment, systems or technology, as addressed in Article 14 (Capital Modifications).

Capital Modification means any m aterial change, alteration, improvement, upgrade or modification of any of the Incineration Facilities or any installation of new equipmen t or systems, including any of the foregoing that results from a replacement of any of the Incineration Facilities (other than replacements in-kind) or the installation of new equipment, machinery, systems or other property at th e Incineration Facilities pursuant to the Lessee's responsibilities under Article VIII (other than replacements in kind). A "Capital Modification" shall include any modification of the Initial Capital Improvements, before, during or after their construction.

Capital Modification means any installation of new structures, equipment, systems or technology made with the WPCA’s prior approval to (i) advance or improve the operation or efficiency of the System, (ii) correct an Uncontrollable Circumstance, or (iii) to modify the System to comply with a Change in Law occurring during the Operation Period, the costs of which are properly accounted for as capital expenses rather than operating expenses.

Capital Modification means any material change to any part of the Project occurring after the Acceptance Date, including the installation of new structures, equipment, systems or technology, as addressed in Article 14 (Capital Modifications). Board of Water Supply, City and County of Honolulu Kalaeloa Seawater Desalination Facility Design-Build-Operate-Maintain Project Service Agreement Article 1 - Definitions and Interpretation ​

Capital Modification means any change to the scope of work for the design and construction of the Project in connection with the Reinstatement Works, and in particular, the value of the design services and construction materials, as context may require.