Residual Life Methodology definition

Residual Life Methodology means the methodology used to assess and calculate the Residual Life for each Maintained Element specified in to the Concession Agreement.
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Residual Life Methodology. (RLM) is the evaluation and calculation methodology by which the Residual Life of any Element of the Project will be calculated at expiration or earlier termination of the Agreement and Lease and contains the method by which any necessary Renewal Work will be identified to ensure that each Element of the Project for which a minimum Residual Life at Handback is required under Section 19 of the Technical Provisions meets such requirement.
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Residual Life Methodology means the methodology used to assess and calculate the Residual Life for each Maintained Element specified in Schedule 20.
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Examples of Residual Life Methodology in a sentence

  • Developer shall submit the Handback Plan, including a Residual Life Methodology plan, to TxDOT for review and approval at least 60 months before the anticipated Termination Date.

  • This calculation will generally include an agreement to put in place a Residual Life Methodology toward the end of the Term, generally commensurate with the length of the Handback Period, containing the criteria to be adopted for the calculation of the Residual Life of each Element.

  • The Residual Life Methodology should be described in general terms and should not place undue reliance on current technologies for the testing of Elements.

  • A specific Residual Life Methodology is not generally put in place at the beginning of the Term because the methods and techniques for establishing Residual Life will have progressed by the time the Handback Inspections are performed.

  • The decision was made by running several lifecycle cost scenarios to reach and exceed the maintenance performance requirements with the most efficient design.At the completion of the 35-year maintenance period, the Residual Life Methodology for bridges and pavements, as well as other Project assets, will be measured.

  • An impact analysis must be carried out before the implementation of the contemplated data protection activity and must be regularly reviewed in order to ensure that the level of risk remains acceptable.

  • Residual Life Methodology Report Prepare and submit a timely, accurate and complete Residual Life Methodology Report in accordance with Section 3.3 of Schedule 12 (Handback Requirements).

  • The Residual Life Methodology Report shall include the qualifications and experience of all independent engineers, testing facilities, specialists and organizations that shall undertake the Handback Inspections, all of which shall be submitted to the Enterprises for Acceptance in the Residual Life Methodology Report.

  • A specific Residual Life Methodology is not generally put in place at the beginning of the Term because the methods and techniques for establishing Residual Life will have progressed by the time the Handback Inspections are performed.• The Residual Life Requirements for each Element of the Project.

  • During the Handback Period, the Developer generally will be required to prepare enhanced annual updates to the Life-Cycle Maintenance Plan that, in addition to the matters described above, will also include the Developer's calculation of Residual Life for each Element (using the Residual Life Methodology and taking into account the results of inspections during the Handback Period).


More Definitions of Residual Life Methodology

Residual Life Methodology. Report shall: i. include the evaluation and calculation criteria to be adopted for the calculation of the Residual Life at Handback of each Residual Element; ii. comply with Good Industry Practice and be in accordance with the Enterprises’ and/or CDOT’s testing and forecasting methodologies in use in relation to similar Enterprise or CDOT owned or operated assets at the time of preparation of the report; iii. include the scope of any Residual Life inspections and testing, together with a list of all inspection and testing organizations proposed by, and which shall be financially independent of, Developer; and iv. address the specific requirements to be included in the Residual Life Methodology Report that are set out in the column headed “Residual Life Methodology (RLM) Requirement” in the table in set out in Appendix A (Residual Life Requirements) to this Schedule 12. Developer shall ensure that all inspection and testing requirements conform to Good Industry Practice and reflect all technological advancements in the field of inspection, testing and Residual Life calculation.
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Residual Life Methodology means the evaluation methodology by which the Residual Life of any asset of the Project will be calculated. It contains the method by which any necessary Renewal Work will be identified to ensure that Residual Life Requirements will be met at the end of the Term of the Agreement.
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Related to Residual Life Methodology

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Methodology means a document describing how a designated benchmark administrator determines a designated benchmark;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • 2%/25% Guidelines has the meaning set forth in Section 13.

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Standard Methods means the examination and analytical procedures set forth in the most recent edition of "Standard Methods for the Examination of Water and Wastewater" published jointly by the American Public Health Association, the American Water Works Association, and the Water Pollution Control Federation.

  • 2001 CSO Mortality Table means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American Academy of Actuaries CSO Task Force from the valuation basic mortality table developed by the Society of Actuaries Individual Life Insurance Valuation Mortal- ity Task Force, and adopted by the NAIC in December 2002. The 2001 CSO mortality table is included in the Proceedings of the NAIC (2nd Quarter 2002) and is supplemented by the 2001 CSO preferred class structure mortality table and may be obtained from the office. Unless the context indicates otherwise, the “2001 CSO mortality table” includes both the ultimate form of that table and the select and ultimate form of that table and includes both the smoker and nonsmoker mortality tables and the composite mor- tality tables. It also includes both the age−nearest−birthday and age−last−birthday bases of the mortality tables.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Method Detection Level or “MDL” means the minimum concentration of an analyte (substance) that can be measured and reported with a ninety- nine percent (99%) confidence that the analyte concentration is greater than zero (0) as determined by procedure set forth in 40 CFR 136, Appendix B. The method detection level or MDL is equivalent to the LOD.

  • Annuity reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any annuity, or benefit in lieu of any annuity, granted to a retirant as provided in this chapter.

  • Random selection basis means a mechanism for selection of employees that:

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • USP-NF means the current edition of the United States Pharmacopeia-National Formulary.

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Prop Type Sr Lien: Orig Amount: P&&I: Cr. Score: Sevicer Loan Prod Code: Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 6566412 180 14 $99,643.00 $51,000.00 $578.06 713 0300745072 6 179 1 $121,597.00 11/09/2001 49 High Point NC 27265 02 10.950 124 $50,887.32 11/20/2016 2 6566414 180 14 $95,000.00 $30,000.00 $355.24 791 0300744828 6 179 1 $100,000.00 11/07/2001 35 Kansas City MO 64119 02 11.750 125 $29,938.51 11/15/2016 2 6566416 180 14 $32,275.00 $42,500.00 $481.72 705 0300744893 6 178 1 $65,000.00 10/18/2001 37 Hastings NE 68901 02 10.950 116 $42,311.33 10/23/2016 2 6566418 180 14 $227,050.00 $60,000.00 $663.24 680 0300744851 6 179 1 $239,000.00 11/05/2001 43 Apollo Beach FL 33572 02 10.500 121 $59,861.76 11/09/2016 2 6566420 180 14 $79,086.00 $40,900.00 $427.09 687 0300745023 6 179 1 $96,000.00 11/07/2001 32 Lenoir City TN 37772 02 9.500 125 $40,900.00 11/13/2016 2 6566422 180 14 $111,186.00 $40,000.00 $473.65 723 0300744927 6 179 1 $135,766.00 11/03/2001 47 Sheffield OH 44054 02 11.750 112 $39,835.23 11/08/2016 2 6566424 180 14 $40,351.00 $51,800.00 $555.06 722 0300744539 6 179 1 $73,795.00 11/07/2001 38 Ottawa KS 66067 02 9.950 125 $51,583.84 11/13/2016 2 6566426 180 14 $116,191.00 $75,000.00 $794.52 705 0300744745 6 179 1 $160,000.00 11/07/2001 36 Greenfield WI 53221 02 9.750 120 $74,622.69 11/13/2016 2 6566428 180 14 $53,200.00 $35,500.00 $397.94 738 0300744612 6 179 1 $72,000.00 11/07/2001 32 Columbus NE 68601 02 10.750 124 $35,420.08 11/13/2016 2 6566430 180 14 $154,825.00 $49,400.00 $546.07 692 0300744588 6 179 1 $163,450.00 11/06/2001 38 Presno CA 93720 02 10.500 125 $49,286.18 11/12/2016 2 6566432 300 14 $161,667.00 $65,000.00 $607.92 762 0300744513 8 299 1 $200,506.00 11/03/2001 38 Edgewood WA 98372 02 10.380 114 $64,954.06 11/08/2026 2 6566434 180 14 $148,689.00 $50,000.00 $560.47 717 0300744778 6 179 1 $161,250.00 11/08/2001 37 New Windsor NY 12553 02 10.750 124 $49,887.45 11/14/2016 2 6566436 180 14 $218,000.00 $35,000.00 $449.77 659 0300744752 6 179 1 $214,000.00 11/06/2001 43 Parker CO 80134 02 13.300 119 $34,938.15 11/13/2016 2 6566438 180 14 $129,500.00 $43,000.00 $488.47 689 0300744737 6 179 1 $138,000.00 11/08/2001 41 Waukee IA 50263 02 10.990 125 $42,905.34 11/14/2016 2 6566658 300 14 $138,794.00 $33,000.00 $369.08 686 0300753886 8 299 1 $138,794.00 11/05/2001 49 Westland MI 48186 02 12.880 124 $32,984.98 11/13/2026 2 6567198 301 14 $96,954.00 $37,200.00 $384.94 711 0300738812 8 299 1 $111,000.00 10/26/2001 44 Montgomery AL 36116 02 11.750 121 $37,164.25 11/01/2026 2 6567746 181 14 $111,362.00 $35,000.00 $469.05 654 0300758810 6 179 1 $128,062.00 10/20/2001 33 Keizer OR 97303 02 14.130 115 $34,942.93 11/06/2016 2 6567770 121 14 $42,548.00 $13,500.00 $191.74 701 0300738978 5 119 1 $45,000.00 10/15/2001 30 Bridgeport OH 43912 02 11.750 125 $13,432.19 11/01/2011 2 6568040 180 14 $171,000.00 $48,200.00 $570.75 701 0300739042 6 179 1 $191,029.00 11/06/2001 41 LEICESTER MA 01524 02 11.750 115 $48,100.96 11/13/2016 2 6568200 180 14 $108,608.00 $53,500.00 $659.40 690 0300764354 6 179 1 $152,178.00 11/09/2001 41 Las Vegas NV 89117 02 12.500 107 $53,397.89 11/15/2016 2 6568410 181 14 $51,550.00 $29,000.00 $359.79 707 0300742384 6 180 1 $70,000.00 11/07/2001 27 Matheson CO 80830 02 12.630 116 $29,000.00 12/01/2016 2 Page 494 of 526

  • Open type traction battery means a type of battery requiring liquid and generating hydrogen gas released to the atmosphere.

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • S&P CDO Monitor Test A test that will be satisfied on any date of determination (following receipt, at any time on or after the S&P CDO Monitor Election Date, by the Issuer and the Collateral Administrator of the Class Break-even Default Rates for each S&P CDO Monitor input file (in accordance with the definition of “Class Break-even Default Rate”)) if, after giving effect to a proposed sale or purchase of an additional Collateral Obligation, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if the Class Default Differential of the Proposed Portfolio that is not positive is greater than the corresponding Class Default Differential of the Current Portfolio.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Model shall refer to a particular brand of Vehicle sold by an OEM (e.g., Taurus, Tahoe, Grand Caravan).