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.

Remaining useful life means the estimated time, in years,

Remaining useful life means the estimated time,

Examples of Remaining useful life in a sentence

• Remaining useful life of property, plant and equipment Management assesses the remaining useful life of property, plant and equipment in accordance with the current technical conditions of assets and estimated period when these assets bring economic benefit to the Group.

• Remaining useful life of the source: It is assumed that the engines would continue operating for 10 years after 2028 to fully amortize the cost of controls.

• Remaining useful life of building years 5(includes current reporting year) - if remaining useful life is zero, do not continue this computationyears08.

• Remaining useful life of building years 1(includes current reporting year) - if remaining useful life is zero, do not continue this computationyears08.

• Equipment servicing beyond the economic life Life-based newness rate = [Remaining useful life/ (Serviced life + Remaining useful life)] x 100% 2) Field survey newness rate Field survey newness rate is determined using the field survey scoring approach based on the field survey to components of the equipment, including inspection on its conditions and relevant running and management archives and information.

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 is defined as the expected number of years the individual Component will continue to serve its intended purpose prior to repair or replacement. In determining the remaining life of a Component, a certain level of continued preventative maintenance is assumed, but shall be stated explicitly wherever possible in the applicable Reserve Study. Xxxxxx hereby agrees to make all improvements to all Components that the Reserve Study recommends be replaced or upgraded. Lessee shall be required to renovate or replace particular Components (as identified in the Reserve Study by the Reserve Study Company) at the end of the expected useful life of such Component and otherwise make expenditures prescribed in the most recent applicable Reserve Study. Lessee shall be required to make any such renovations or replacements within ninety (90) days after the expiration of the useful life of the applicable Component and to make such expenditures within ninety (90) days after receipt of the most recent applicable Reserve Study. If Lessee requires additional time to complete any such renovations, replacements or expenditures, Lessee shall submit a schedule for Director’s written approval, which approval will not be unreasonably withheld.

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;