Remaining useful life definition

Remaining useful life means the estimated time, in years, before a reserve component will require major maintenance, repair, or replacement to perform its intended function.

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Remaining useful life means the estimated time, in years,

Remaining useful life means the estimated time,

Examples of Remaining useful life in a sentence

B= Remaining useful life of existing Dock or improvement C= Initial useful life of existing Dock or improvement‌ Useful Life is defined as the estimated lifespan of a depreciable fixed asset, during which it can be expected to contribute to District operations, as detailed in the most recent Annual Report.
B= Remaining useful life of existing Dock or improvement C= Initial useful life of existing Dock or improvement Useful Life is defined as the estimated lifespan of a depreciable fixed asset, during which it can be expected to contribute to District operations, as detailed in the most recent Annual Report.
Cost of new dishwasher: $400 Remaining useful life: 6 years (10 years less 4 years) Useful life of dishwasher: 10 years Tenant responsibility: $400 x .60 = $240 Age of dishwasher at the end of tenancy: 4 years I understand that this will be the expectation regarding normal wear and tear.
Remaining useful life of each system , identifying or describing the method used to determine that remaining useful life.
Consider the following for each system: Comfort and maintenance problems; Energy use, loads, proper sizing, efficiencies and hours of operation; Current operating condition; Remaining useful life; Feasibility of system replacement; Hazardous materials and other environmental concerns; Agency’s future plans for equipment replacement or building renovations; Facility operation and maintenance procedures that could be affected; Capability to monitor energy performance and verify savings.

More Definitions of Remaining useful life

Remaining useful life means the estimated time, in years, before a reserve component will require major main- tenance, repair, or replacement to perform its intended func- tion.

Remaining useful life means the period during which the physical characteristics of the Project are projected to comply with habitability standards applicable to the low-income housing tax credit program.

Remaining useful life means the remaining period of time which a component, device or system is expected to function at its designated capacity without major repairs;

Remaining useful life means the estimated time, in years, that a reserve component can be expected to continue to serve its intended function.

Remaining useful life means: (i) with respect to the Improvements, the number of years that the Improvements can continue to be used at full capacity for their intended purpose, assuming no repairs or rehabilitation other than repairs or rehabilitation that would customarily be performed to address ordinary wear and tear, taking into consideration all aspects of the physical condition of the Improvements, all applicable Laws (defined in Section 6.4), and all other relevant factors, and (ii) with respect to the Fixtures and Mechanical Equipment, the percentage of the Original Useful Life remaining as determined by the Improvements Assessment.

Remaining useful life means the criteria in Appendix 7E [Condition Assessment Evaluation] of Schedule 7 [Services];

Remaining useful life means remaining life of an asset over which it can be expected to meet the required performance given its operational requirements and over which it will be productively used;