Major Capital Equipment definition

Major Capital Equipment shall be defined as any article of non-expendable, tangible personal property installed or constructed at the Site, or used to operate such personal property that is installed or constructed at the Site, which is used to accomplish and is necessary for the post-Certification performance of the Remedial Action and the Operations & Maintenance and: (a) stands alone and is complete in itself, (b) is not disposable or consumable, (c) has an anticipated useful life of more than three (3) years, and
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Examples of Major Capital Equipment in a sentence

  • The Major Capital Equipment Replacement Cost Estimate includes the costs of replacing an item of equipment not listed on the Major Capital Equipment Inventory or that is not Major Capital Equipment.

  • Atlantic Richfield shall have sixty (60) days from the receipt of a Major Capital Equipment Replacement Cost Estimate or Major Capital Equipment Replacement Cost Summary to deliver a written Notice of Dispute and commence dispute resolution with respect thereto, as set forth in Section XI.A.3 of this Agreement, within sixty (60) days after receiving the Major Capital Equipment Cost Summary.

  • The Regional Board shall update the Major Capital Equipment Inventory from time to time, as necessary for it to accurately reflect the Major Capital Equipment present at the Site.

  • At least five (5) business days before authorizing any Major Capital Equipment Replacement Contractor to perform or provide services relating to the replacement of an item of Major Capital Equipment, the Regional Board shall obtain from the Major Capital Equipment Replacement Contractor and deliver to Atlantic Richfield a reasonably detailed written cost estimate for such replacement (a “Major Capital Equipment Replacement Cost Estimate”).

  • Subject to the need to consider Atlantic Richfield’s input in good faith, the Regional Board will be responsible for making final decisions about the selection and retention of any Major Capital Equipment Replacement Contractor.

  • In no event shall issuance of a payment by Atlantic Richfield constitute a determination that all costs included in a Major Capital Equipment Replacement Cost Estimate or Major Capital Equipment Replacement Cost Summary are legitimate and reimbursable Major Capital Equipment Replacement Costs.

  • Before paying any contractor for Major Capital Equipment Replacement Costs, the Regional Board or General Services shall provide Atlantic Richfield with copies of the associated contractor’s invoice(s), sales receipt(s), statement(s), or other cost documentation.

  • An item of equipment shall not be considered Major Capital Equipment for purposes of this Section VI.B unless it is included on the Major Capital Equipment Inventory.

  • Within thirty (30) days after Atlantic Richfield receives a Major Capital Equipment Replacement Cost Estimate and the supporting documentation in accordance with VI.B.5 of this Agreement, Atlantic Richfield shall make or cause to be made a deposit into the Leviathan Mine Environmental Remediation Trust equal to seventy percent (70%) of such Major Capital Equipment Replacement Cost Estimate.

  • Atlantic Richfield shall have the right to dispute, in accordance with the dispute resolution process set forth in Section XI of this Agreement, the costs included in any Major Capital Equipment Replacement Cost Estimate or Major Capital Equipment Replacement Cost Summary.