Catastrophic Equipment Failure definition

Catastrophic Equipment Failure means a sudden, unexpected failure of a major piece of equipment which (i) substantially reduces or eliminates the capability of the Seller's Facility to produce power, (ii) is beyond the reasonable control of the Seller and could not have been prevented by the exercise of due diligence by the Seller, and (iii) despite the exercise of all reasonable efforts, requires more than sixty (60) days to repair.
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Catastrophic Equipment Failure means a specifically identified, unexpected failure of a major piece of equipment in a Generating Unit that is beyond the control of, and not the result of the negligence of, or caused by, Seller, due to the design or manufacture (but not the operation or installation) of such piece of equipment.
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Catastrophic Equipment Failure. A failure of a major piece of equipment which (1) substantially reduces or eliminates the capability of the Facility to produce power, (2) is beyond the reasonable control of Seller and could not have been prevented by the exercise of reasonable due diligence by Seller, and (3) despite the exercise of all reasonable efforts, actually requires more than sixty (60) Days to repair (if the determination of whether a Catastrophic Equipment Failure has occurrred is being made more than sixty (60) Days after the failure) or is reasonably expected to require more than sixty (60) Days to repair (if such determination is being made within sixty (60) Days after the failure).
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Examples of Catastrophic Equipment Failure in a sentence

  • Seller shall procure and retain a drilling rig in the State of Hawaii for quick deployment in case of emergency or use in the event of a Catastrophic Equipment Failure.

  • If SELLER believes that a major outage is required to prevent a Catastrophic Equipment Failure, SELLER shall notify HELCO as soon as practicable and HELCO shall promptly act, upon SELLER's request, to approve such outage, which approval shall not be unreasonably withheld, delayed or conditioned.

  • If Seller believes that an outage is required to prevent Catastrophic Equipment Failure, Seller shall notify Company as soon as practicable and Company shall promptly act, upon Seller’s request, to approve such outage, which approval shall not be unreasonably withheld, delayed or conditioned.

  • Mechanical or equipment breakdown shall not constitute a condition or event of Force Majeure unless it is a Catastrophic Equipment Failure.

  • If the Seller believes that a major outage is required to prevent a Catastrophic Equipment Failure, the Seller shall notify the Company as soon as practicable and the Company shall promptly act, upon the Seller’s request, to approve such outage, which approval shall not be unreasonably withheld, delayed or conditioned.


More Definitions of Catastrophic Equipment Failure

Catastrophic Equipment Failure means a sudden, unexpected failure of a major piece of equipment which (i) substantially reduces or eliminates the capability of the HCPC Unit to produce power, (ii) is beyond the reasonable control of HCPC and could not have been prevented by the exercise of due diligence by HCPC and, (iii) despite the exercise of all reasonable efforts, requires more than 60 days to repair.
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Related to Catastrophic Equipment Failure

  • Epidemic Failure means a series of repeating failures or defects resulting in at least a 0.5% failure rate for the same Product or Material during any twelve-month period.

  • Supply Failure has the meaning given to it in Section 7.5.2 (Supply Failure).

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Catastrophic illness or “injury” means an illness or injury that is expected to incapacitate the employee for an extended period of time, or that incapacitates a member of the employee’s family which incapacity requires the employee to take time off from work for an extended period of time to care for that family member, and taking extended time off work creates a financial hardship for the employee because he or she has exhausted all of his or her sick leave and other paid time off.

  • Technical Failure means the discontinuation of Development or Commercialization of a Product for technical, scientific, medical or regulatory reasons, including, but, not limited to, unacceptable preclinical toxicity, demonstration of a side effect profile significantly worse than currently marketed products, or inability to manufacture in an acceptable purity or for an acceptable price.

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Service Failure means a failure by the Contractor to provide the Services in accordance with any individual service level described above (measured on a monthly/quarterly/annual basis)

  • Generator Planned Outage means the scheduled removal from service, in whole or in part, of a generating unit for inspection, maintenance or repair with the approval of the Office of the Interconnection in accordance with the PJM Manuals.

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Persistent Failure means any two (2) or more failures by the Supplier in any rolling period of twelve (12) months to comply with obligations in respect of the Contract Services under the Contract;

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Warranty Period /„Maintenance Period‟ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the Works performed under the Contract.

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Improvement warranty period means a period:

  • Force Majeure Failure has the meaning set forth in Section 8.1(d).

  • major accident means an incident involving loss of life inside or outside the establishment or ten or more injuries inside and/or one or more injuries outside or release of toxic chemical or explosion or fire or spillage of hazardous chemical resulting in ‘on-site’ or ‘off-site’ emergencies or damage to equipment leading to stoppage of process or adverse effect to the environment;

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Congenital Anomaly means a condition which is present since birth, and which is abnormal with reference to form, structure or position.

  • Satellite Manufacturer means, with respect to any Satellite, the prime contractor and manufacturer of such Satellite.

  • Excluded Downtime has the meaning set forth in Section 2 below.

  • fall prevention equipment means equipment used to prevent persons from falling from a fall risk position, inducing personal equipment, a body harness, lanyards, lifelines or physical equipment such as guard-rails, screens, barricades, anchorages or similar equipment;

  • Electrical equipment means underground equipment that contains dielectric fluid that is necessary for the operation of equipment such as transformers and buried electrical cable.

  • Specified anatomical areas means and includes:

  • Airborne radioactivity area means a room, enclosure, or area in which airborne radioactive materials, composed wholly or partly of licensed material, exist in concentrations:

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.

  • Co-occurring disorder specialist means an individual