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 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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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.

  • The Concessionaire must submit the Handback Plan, including a Residual Life Methodology plan, to HPTE for review and Acceptance.

  • The Concessionaire shall submit the Handback Plan, including a Residual Life Methodology plan, to HPTE for review and Acceptance no later than the first day of the fifth full calendar year before the Expiration Date.

  • 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.

  • 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).

  • Residual Life Methodology toward the end of early Term, generally commensurate with the swing of the Handback Period, containing the criteria to be adopted for the calculation of the Residual Life is each Element.

  • Central 70 Project: Project Agreement Schedule 12 (Handback Requirements) Appendix A Residual Life Requirements Element Residual Life at Handback (yrs) Inspection Requirements Residual Life Methodology (RLM) Requirement Structures Reinforced concrete 40 Inspections of structures shall be undertaken by Accepted independent testing organizations.


More Definitions of Residual Life Methodology

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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Residual Life Methodology. Report shall:
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Related to Residual Life Methodology

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Applicable Mortality Table means the “applicable mortality table” defined in section 417(e)(3)(B) of the Code.

  • Country Limitation Schedule means the schedule published from time to time by Ex-Im Bank setting forth on a country by country basis whether and under what conditions Ex-Im Bank will provide coverage for the financing of export transactions to countries listed therein.