Major Replacement definition

Major Replacement means any structural repair or structural replacement which will cost more than $750,000.
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Major Replacement means the replacement of a structural item, system or component costing $50,000.00 or more. If Landlord performs a Major Replacement pursuant to this Section, Tenant shall pay to Landlord, as an addition to the rent, an amount which will amortize the cost of the Major Replacement together with interest at the rate of 9% per annum in 120 equal monthly installments. The first monthly installment shall be due and payable on the first day of the month following the date that the Major Replacement is completed. Installments in the same amount shall continue to be due and payable on the first day of each month for the remainder of the term of this Lease, including any option term exercised by Tenant, until the cost of the Major Replacement has been fully reimbursed. However, if the term of this Lease expires before the cost of the Major Replacement is fully reimbursed, Tenant shall not be responsible for the unamortized balance remaining at the expiration of this Lease.
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Major Replacement means changes to a dam structure that has a measurable effect on the storage behind the dam or flows from the dam. At a minimum, a major replacement involves any change in the outlet structure, impoundment structure, or operational conditions that affects downstream flows or upstream impoundment conditions.
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Examples of Major Replacement in a sentence

  • ORIGINAL Cost of Major Replacement Components, Mandatory Spare Parts, Consumables, Accessories and Services.

  • Pursuant to the Agreement, the Contractor shall fund the Major Replacement Fund to be used for the System, exclusive of the Collection System, and shall fund the Collection System Replacement Fund.

  • EMCC is solely responsible for the cost of connecting EMCC’s irrigation system to EM3, for all future connections and for maintaining existing and future physical connections, which connections shall not be considered either a Major Replacement or Minor Replacement.

  • All maintenance of the System shall be performed by the Contractor at its sole cost and expense and is not included in the Major Replacement Fund cap.

  • Year-wise Details of fund for Major Replacement of the System of Rs. 2(Two) crore (subject to annual increase at 5% on Cumulative Basis) and Collection System Replacement of Rs. 5 (Five) crore (subject to annual increase at 5% on Cumulative Basis).

  • After acute care hospitals, direct admission from the community is the next most common source of admissions (14 percent) to LTCHs. The admission patterns vary somewhat by LTCH specialty type.

  • In the event of the need for a Major Replacement, EMCC will promptly notify CSA.

  • Notwithstanding the foregoing, EMCC shall not be liable for any Major Replacement or for a complete well failure not caused by a negligent act or omission or the willful misconduct of EMCC and the provisions of Section 5 of this Agreement shall govern.

  • CSA may, at CSA’s sole discretion, choose to (i) have the Major Replacement made in which case CSA must pay the cost or (ii) terminate this Agreement in lieu of making the Major Replacement.

  • All Major Replacement projects above Rs.20( Twenty) lakhs exclusive of Contractor labor costs and profit, is subject to Employer approval in accordance with the Agreement.


More Definitions of Major Replacement

Major Replacement for dams or diversions means any alteration to the dam or diversion that allows for the consideration of fish passage that considers:
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Major Replacement means the repair and replacement of any portion of the Project that becomes subject to a Major Loss and for which each of following conditions has been satisfied: (i) the Insurance Consultant has conducted a review of the available proceeds of insurance with respect to such Loss, including the amount and duration for which delay in start-up insurance proceeds or business interruption insurance proceeds will be available during the
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Major Replacement means work will requires a cost of replacement parts in excess of $500.00.
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Major Replacement means repairs that will be require a system to be shut down for more than four (4) hours or cost work and replacement parts is more than $200.00.
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Related to Major Replacement

  • Major repair means either: (1) for a dispersal system, repairs required for an OWTS dispersal system due to surfacing wastewater effluent from the dispersal field and/or wastewater backed up into plumbing fixtures because the dispersal system is not able to percolate the design flow of wastewater associated with the structure served, or (2) for a septic tank, repairs required to the tank for a compartment baffle failure or tank structural integrity failure such that either wastewater is exfiltrating or groundwater is infiltrating.

  • Benchmark Replacement means, with respect to any Benchmark Transition Event, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Capital Replacement means the replacement of those items listed on Exhibit F.

  • Major renovation means the renovation of a building where:

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.

  • Benchmark Replacement Conforming Changes means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Index Replacement Event means each of the following events:

  • Major Work means any Work to Construct or Maintain the Distribution System that costs more than One Hundred Thousand ($100,000.00) Dollars;

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Major Equipment means the items of Equipment listed as such in Attachment G.

  • refurbishment means repairing of used electrical and electronic equipment as listed in Schedule I for extending its working life for its originally intended use and selling the same in the market or returning to owner;

  • Replacement Facility means 1 of the following: