Major Maintenance Expenditures definition

Major Maintenance Expenditures means the charges for all non-routine, non-repetitive activities, repair or replacement of machinery or equipment required for the continuity of operations, safety, and operating performance of the Facilities that are necessary to prevent or correct a failure of any component of the equipment which is not included as part of Routine Maintenance including labour charges, together with the Service Fee or fixed fee basis.

Major Maintenance Expenditures is defined in Paragraph 4.6(a) of this Agreement. “MECP” means the (Ontario) Ministry of the Environment, Conservation and Parks. “MOL” means the (Ontario) Ministry of Labour.

Major Maintenance Expenditures is defined in Paragraph 4.6(a) of this Agreement. “MOECC” means the (Ontario) Ministry of the Environment and Climate Change. “MOL” means the (Ontario) Ministry of Labour.

Examples of Major Maintenance Expenditures in a sentence

• If this Agreement is terminated for any reason prior to expiry of the Current Term, the Client shall pay OCWA for all Services provided up to the date of termination, and any other amounts owed (including but not limited to charges for Major Maintenance Expenditures, Capital Projects, Unexpected Expenses and Optional Services).

• The Issuer shall deliver to the Trustee, the Collateral Agent and the Independent Engineer at least 30 days prior to the beginning of each fiscal year of the Issuer, at its own expense, (a) an annual Operating Budget and (b) a certificate setting forth the estimated amount of any Major Maintenance Expenditures anticipated to be incurred during such fiscal year (the "Major Maintenance Expenditure Amount").

• The Issuer shall include in each Annual ---------------------- Operating Budget a re-assessment of (i) the anticipated scheduling and probable cost of Major Maintenance Expenditures for such year, and (ii) the Major Maintenance Reserve Requirement.

• Except as otherwise provided in this ---------------------- Agreement, amounts held in the Major Maintenance Reserve Account shall be applied solely for the payment of Major Maintenance Expenditures due and payable as of any Disbursement Date or the reimbursement for Major Maintenance Expenditures paid prior to such Disbursement Date (as evidenced by invoices received by the Issuer).

• Except as otherwise provided in this Agreement, amounts held in the Major Maintenance Reserve Account shall be applied solely for the payment of Major Maintenance Expenditures due and payable as of any Disbursement Date or the reimbursement for Major Maintenance Expenditures paid prior to such Disbursement Date (as evidenced by invoices received by the Partnership).

More Definitions of Major Maintenance Expenditures

Major Maintenance Expenditures means the charges for all non-routine, non-repetitive activities, repair or replacement of machinery or equipment required for the continuity of operations, safety, and operating performance of the Facility that are necessary to prevent or correct a failure of any component of the equipment which is not included as part of routine Maintenance including labour charges, together with the service Fee or fixed fee basis.

Major Maintenance Expenditures means labor, materials and other direct expenses for any overhaul of, or major maintenance procedure for, the turbines which requires significant disassembly or shutdown of the Project pursuant to manufacturers' guidelines or recommendations, engineering or operating considerations or the requirements of any Applicable Law.

Major Maintenance Expenditures means the charges for all non-routine, non-repetitive activities, repair or replacement of machinery or equipment required for the continuity of operations, safety, and operating performance of the Facility that are necessary to prevent or correct a failure of any component of the equipment which is not included as part of

Major Maintenance Expenditures means all expenditures made by, or on behalf of, the Borrower and the Subsidiary Guarantors for regularly scheduled (or reasonably anticipated) maintenance of a Project (or any portion thereof), including rights in the Shared Assets as defined in the Shared Assets and Services Agreements, in accordance with Prudent Industry Practices constituting “major maintenance” (including teardowns, overhauls, and replacements of major components and any such maintenance which requires significant disassembly or shutdown of a Project), excluding any such costs that are paid by other Persons under warranty or similar agreements or insurance policies or the Shared Asset and Service Agreements. The term “major maintenance” shall include: (a) inspections of the combustion turbines with respect to the Projects; (b) scheduled or unscheduled maintenance of the Projects consisting of overhaul or major repair, including labor, material and direct expenses related to such overhaul or repair; (c) all work on account of extraordinary equipment failure and contingencies, including overhauls of the combustion turbines; and (d) Contractual Service Agreement Costs.

Major Maintenance Expenditures means, with respect to a Project, all expenditures by a Loan Party for major maintenance of such Project in accordance with prudent U.S. electric generation industry practices and vendor and supplier requirements and recommendations (including overhauls and replacements of major components of such Project).

Major Maintenance Expenditures is defined in Paragraph 4.6(a) of this Agreement.

Major Maintenance Expenditures has the meaning assigned to such term in the Disbursement Agreement