Nonseverable Modification means any Modification to the Vessel ------------------------- which is not a Severable Modification.
Nonseverable Modification means any Required Modification and any Modification which is not readily removable without impairing the fair market value, residual value, condition, remaining useful life or utility of the Allocated Asset to which such Modification relates immediately prior to such Modification.
Nonseverable Modification means any Required Modification and any -------------------------- Modification which is not readily removable without impairing the fair market value, residual value, condition, remaining useful life or utility of the Allocated Asset to which such Modification relates immediately prior to such Modification.
Examples of Nonseverable Modification in a sentence
Title to any Optional Modification that is not a Nonseverable Modification shall remain in the Trust.
More Definitions of Nonseverable Modification
Nonseverable Modification means a Modification to the Leased Property which is not a Severable Modification. NPL shall mean the National Priorities List.
Nonseverable Modification means any Modification that is not readily removable without causing material damage to Clover Unit 2.
Nonseverable Modification means any Modification to the Platform which is not a Severable Modification.
Nonseverable Modification means any Modification to the ------------------------- Vessel which is not a Severable Modification. "Note Register" shall have the meaning specified in Section 2.04 of ------------- the Indenture.
Nonseverable Modification means any Modification to the Production System which is not a Severable Modification.
Nonseverable Modification means, with respect to the Equipment, any Modification to the Equipment or any Component of the Equipment that (i) is required by law or insurance requirements, (ii) is otherwise required under Article VI of the Lease or (iii) cannot be readily removed without causing material damage to the Equipment or such Component thereof or diminishing by more than a de minimis amount the fair market or expected residual value, remaining economic useful life or utility the Equipment would have had if such Modification had not been made, assuming that it had been maintained in the condition required by the Lease.
Nonseverable Modification means any Modification to the ------------------------- Facility Assets which is not a Severable Modification.