Spare Equipment definition

Spare Equipment means a Qualifying Equipment, including transformers and other items as may be specified by the Committees, (i) that is owned by a Participant, or that such Participant otherwise has rights to own or access, (ii) if subject to a properly-exercised Call Right, the Participant has the right and ability to sell, or cause to be sold, such Qualifying Equipment in accordance with this Agreement, and (iii) the Participant has obtained any and all Governmental Approval that are required for it to sell, or cause to be sold, such Qualifying Equipment in accordance with this Agreement.
Sample 1Sample 2Sample 3
Spare Equipment means certain spare equipment units on the Satellite.
Sample 1Sample 2
Spare Equipment means certain spare equipment units on
Sample 1Sample 2

Examples of Spare Equipment in a sentence

  • The share of GTC’s ITS System Operator and ITS Spare Equipment Pool costs along with all other charges will be shown explicitly on the Applicant’s xxxx.

  • GTC shall also xxxx Applicant for a share of GTC’s ITS System Operator and ITS Spare Equipment Pool costs.

  • If the Operating Committee determines that a Triggering Event has occurred, then each affected Participant may exercise its Call Rights by submitting a request to purchase Spare Equipment to the Technical Committee.

  • Any Participant may exercise its Call Rights if, by providing Spare Equipment under this Agreement as a result of a Triggering Event, that Participant then faces an urgent grid need in which, for an extended period of time, the Participant loses its ability to serve significant load, is at imminent risk for losing significant load, or cannot maintain grid stability, subject to the Operating Committee and Technical Committee procedures in Section IV.A and Section IV.B.

  • Notwithstanding anything to the contrary contained in this Agreement, the purchase and sale of Spare Equipment pursuant to this Section IV.B.3 shall occur directly between Buyer and Seller(s) and without the involvement of the Committees or any other Parties or Participants.

  • Though Seller may offer preparation and transportation services, Seller shall not be obligated to do so and shall only be obligated to provide Buyer or Buyer’s designated representatives with access to the Purchased Spare Equipment.

  • Upon completion of any purchase and sale transaction between Participants in conjunction with a Triggering Event under this Agreement, the Participants involved in the purchase and sale transaction will, with reasonable promptness under the circumstances, report the transaction to the Technical Committee, including information sufficient from each Participant to evaluate the impact of the transaction and/or the Triggering Event on the submitting Participant’s Spare Equipment.

  • Based on the Technical Committee’s recommendation, the Operating Committee will determine which Spare Equipment, if any, from the Pool in the applicable Equipment Class should be purchased by each affected Participant, notice of which Spare Equipment (together with the Participant(s) that contributed the Spare Equipment) the Operating Committee will provide to each affected Participant and all other Participants in the applicable Equipment Class.

  • The share of GTC’s ITS operating costs and ITS Spare Equipment Pool costs along with all other charges will be shown explicitly on the Applicant’s xxxx.

  • The Technical Committee will establish and publish considerations, factors, or other procedures for the determination of which specific Equipment should be purchased upon the occurrence of a Triggering Event and the exercise of Call Rights by one or more affected Participants, including procedures for evaluating and determining the respective rights of affected Participants when multiple affected Participants make requests to purchase Spare Equipment pursuant to this Section IV.


More Definitions of Spare Equipment

Spare Equipment means certain spare equipment capacity in the event of failure of a Transponder. This Spare Equipment consists of the following;
Sample 1Sample 2
Spare Equipment means the line maintenance spares, identified in Schedule 4 to the Purchase Agreement and delivered to Lessee on the Delivery Date.
Sample 1
Spare Equipment means certain spare equipment capacity in the event of failure of a Transponder. This Spare Equipment consists of the following:
Sample 1

Related to Spare Equipment

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • Port Cargo Handling Equipment means rubber-tired gantry cranes, straddle carriers, shuttle carriers, and terminal tractors, including yard hostlers and yard tractors that operate within ports.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • School equipment means a durable school-owned machine, equipment, or tool used by a student as part of an activity, course, or program in a secondary school and includes a saw or 3D printer. “School equipment” includes a saw or 3D printer.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • Farm equipment means equipment used directly for farming

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.

  • Associated equipment means equipment that is used in conjunction with a radiographic exposure device to make radiographic exposures that drives, guides, or comes in contact with the source, e.g., guide tube, control tube, control (drive) cable, removable source stop, “J” tube and collimator when it is used as an exposure head.

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Accessory equipment means any equipment associated with the installation of a wireless telecommunications facility, including but not limited to cabling, generators, fans, air conditioning units, electrical panels, equipment shelters, equipment cabinets, equipment buildings, pedestals, meters, vaults, splice boxes, and surface location markers.

  • Company Equipment means all equipment supplied by the Company to the Contractor, to use in the performance of the Work and which is specified in the Contract as “Company Equipment”.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • X-ray equipment means an x-ray system, subsystem, or component thereof. Types of x-ray equipment are as follows:

  • Designated Equipment means either: (i) a server identified by serial number, or host I.D. on which the Licensed Materials are stored; or (ii) a computer or workstation, as identified by its serial number, host I.D. number or Ethernet address; to which the Licensed Materials are downloaded and Used only upon the issuance of a License Key. The Designated Equipment shall be of a manufacture, make and model, and have the configuration, capacity (i.e., memory/disk), operating software version level, and pre- requisite and co-requisite applications, prescribed in the Documentation as necessary or desirable for the operation of the Software.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Spares means a part or a sub-assembly or assembly for substitution which is ready to replace an identical or similar part or sub-assembly or assembly including a component or an accessory;

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Metering Equipment means all metering equipment installed at the metering points designated in the appropriate appendix to an Interconnection Service Agreement. Minimum State of Charge:

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Ancillary equipment means any device including, but not limited to, such devices as piping, fittings, flanges, valves, and pumps, that is used to distribute, meter, or control the flow of hazardous waste from its point of generation to a storage or treatment tank(s), between hazardous waste storage and treatment tanks to a point of disposal onsite, or to a point of shipment for disposal off-site.