Step-Change in Technology definition

Step-Change in Technology means a change in the technology associated with the management, operation or maintenance of the Facilities in any significant technological improvements which results in significant reductions in fixed and variable management, operation and / or maintenance costs, manpower costs and / or fuel cost to the Operations Consultancy Service Provider.
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Examples of Step-Change in Technology in a sentence

  • If any time during the Term, the Owner considers that a Step-Change in Technology has occurred, it may notify the Operations Consultancy Service Provider of that fact.

Related to Step-Change in Technology

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Innovative control technology means any system of air pollution control that has not been adequately demonstrated in practice, but would have a substantial likelihood of achieving greater continuous emissions reduction than any control system in current practice or of achieving at least comparable reductions at lower cost in terms of energy, economics, or non-air quality environmental impacts.

  • Blockchain technology means the use of a digital database containing records of

  • Collaboration Technology means all Collaboration Patents and Collaboration Know-How.

  • Reasonably Available Control Technology (RACT) means the lowest emission limit that a particular source is capable of meeting by the application of control technology that is reasonably available considering technological and economic feasibility. It may require technology that has been applied to similar, but not necessarily identical source categories.