Spares Stock definition

Spares Stock means the stock of Spare Parts to be maintained to the quantity specified in Schedule 6 (Spare Parts) or if no quantity is specified, at the quantity necessary for the performance of the O&M Services in accordance with this Agreement.
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Spares Stock means the stock of spare parts for the Facility provided by, at the option of the Project Company, the Supplier pursuant to the Supply Agreement.
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Spares Stock has the meaning given to it in Clause 4.7(a) (Spare Parts).
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Examples of Spares Stock in a sentence

  • Inventories of Raw Materials, Consumable Stores & Spares, Stock in trade of Trading Purchases and Stock-in-Process are valued at cost on FIFO basis.

  • Subject to Clauses 3.6 (Spares Stock), 3.10 (Included Spare Parts) and 3.11 (Excluded Spare Parts), the Contract Price is inclusive of all costs incurred by the O&M Contractor in relation to performing the Scheduled Maintenance Services, the Corrective Maintenance Services and the Monitoring Services.

  • The Spares Stock delivered by the Project Company under Clause 3.6 (Spares Stock) shall be the property of the Project Company.

  • The O&M Contractor must ensure that all Spare Parts are clearly labelled and identified in a log, updated when Spare Parts are received into or withdrawn from the Spares Stock and that all Spare Parts are clearly identifiable as belonging to the Project Company to ensure opposability to third Parties under the Law of the jurisdiction where the Spare Parts are stored.

  • Delivery of the Spares Stock is only a relevant pre-condition to the Commencement Date if the Commencement Date is anticipated to occur before the expiry of the Defects Warranty Period, as Spares Stock are those procured by the Project Company from the Supplier.

  • If identified as applicable in the Key Information Table, the Project Company shall as a pre-condition to the Commencement Date under Clause 2.2(c) (Commencement Date), procure and ensure that the Spares Stock is available to the O&M Contractor for use in the Scheduled Maintenance Services, Corrective Maintenance Services and Monitoring Services.

  • Where either Party is responsible for managing, replacing and replenishing Spare Parts to the Spares Stock in accordance with this Agreement, it must do so, so as to maintain the quantity of Spare Parts specified in Schedule 6 (Spare Parts) or where no such quantities are specified, at the quantity necessary for the performance by the O&M Contractor of the O&M Services in accordance with this Agreement.

  • The O&M Contractor must carry out a stock check of the Spares Stock at least quarterly.

  • Every Component Part procured by the O&M Contractor and used in the O&M Services shall become the property of the Project Company from delivery to the Site or placement in the Spares Stock as applicable (or in the case of Excluded Spare Parts on the later of delivery to the Site and the date that payment is received by the O&M Contractor in accordance with Clause 17 (Payment)).

  • Inventories of Raw Materials, Consumable Stores & Spares, Stock in trade of Trading Purchases and Stock-in-Process are valued at cost on FIFO basis, Scrap at realizable value & Finished Goods are valued at cost or NRV whichever is less.

Related to Spares Stock

  • Series B Stock means the Company's Series B Convertible Preferred Stock, par value $0.000001 per share.

  • Common Stock means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Excluded Stock and Stock Equivalents means (i) any Stock or Stock Equivalents with respect to which, in the reasonable judgment of the Collateral Agent (confirmed in writing by notice to the Borrower), the cost or other consequences (including any adverse tax consequences) of pledging such Stock or Stock Equivalents in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (ii) solely in the case of any pledge of Stock and Stock Equivalents of any Foreign Subsidiary or any Domestic Subsidiary substantially all of the assets of which consist of Stock or Stock Equivalents of Foreign Subsidiaries to secure the Obligations, any Stock or Stock Equivalents of any class of such Foreign Subsidiary or such Domestic Subsidiary in excess of 65% of the outstanding Stock or Stock Equivalents of such class (such percentage to be adjusted upon any Change in Law as may be required to avoid adverse U.S. federal income tax consequences to the Borrower or any Subsidiary), (iii) any Stock or Stock Equivalents to the extent the pledge thereof would violate any applicable Requirement of Law, (iv) in the case of (A) any Stock or Stock Equivalents of any Subsidiary to the extent such Stock or Stock Equivalents are subject to a Lien permitted by Section 10.2(h) or (B) any Stock or Stock Equivalents of any Subsidiary that is not wholly-owned by the Borrower and its Subsidiaries at the time such Subsidiary becomes a Subsidiary, any Stock or Stock Equivalents of each such Subsidiary described in clause (A) or (B) to the extent (1) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law), (2) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this clause (2) shall not apply if (x) such other party is a Credit Party or wholly-owned Subsidiary or (y) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Borrower or any Subsidiary to obtain any such consent) and for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (3) a pledge thereof to secure the Obligations would give any other party (other than a Credit Party or wholly-owned Subsidiary) to any contract, agreement, instrument or indenture governing such Stock or Stock Equivalents the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (v) any Stock or Stock Equivalents of any Subsidiary to the extent that (A) the pledge of such Stock or Stock Equivalents would result in adverse tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower and (B) such Stock or Stock Equivalents have been identified in writing to the Collateral Agent by an Authorized Officer of the Borrower.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Common Shares means the common shares in the capital of the Corporation;

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Amalco Shares means the common shares in the capital of Amalco;

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Ordinary Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares or ADSs, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares or ADSs.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series A Stock means the Company’s Series A Preferred Stock, par value $0.01 per share.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;