Spare unit definition

Spare unit means a unit which is intended to be exchanged for a standard unit in case of malfunction of the latter and may be either of the following.

Examples of Spare unit in a sentence

  • Spare unit of 110 MVAR, 765/√3 Shunt Reactor shall be placed and connected in such a way that the spare unit can be utilized for all the bus and line reactor banks (including for future reactor banks) without its physical movement.

Related to Spare unit

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Service unit means a standardized measure of consumption, use, generation, or discharge attributable to an individual unit of development calculated in accordance with generally accepted engineering or planning standards for a particular category of capital improvements.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.