Ship Repairs definition
Ship Repairs means:
(a) All repair work done on ships;
(b) All work other than the making of spare parts and stores done in a workshop used for ship repairs only; or
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Related to Ship Repairs
Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.
Repairs means the repairs to be made to the Mortgaged Property, as described on the Repair Schedule of Work (Exhibit C) or as otherwise required by Lender in accordance with this Loan Agreement.
Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.
Major repair means either: (1) for a dispersal system, repairs required for an OWTS dispersal system due to surfacing wastewater effluent from the dispersal field and/or wastewater backed up into plumbing fixtures because the dispersal system is not able to percolate the design flow of wastewater associated with the structure served, or (2) for a septic tank, repairs required to the tank for a compartment baffle failure or tank structural integrity failure such that either wastewater is exfiltrating or groundwater is infiltrating.
Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.