Unserviceable Parts definition

Unserviceable Parts means Pledged Spare Parts that are not Serviceable Parts.
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Unserviceable Parts means Pledged Spare Parts or Non-Pledged Spare Parts, as the context requires, that have been either removed from service (i) because they did not Collateral Maintenance Agreement work correctly or (ii) because upon inspection and testing, they were found not to meet certain prescribed standards.
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Unserviceable Parts means as of any date of determination, Inventory ------------------- consisting of parts which are repairable in accordance with the then-prevailing customs and standards of Borrowers' industry or in accordance with the regulatory requirements of any applicable Government Authority but which in the exercise of reasonable business judgment Borrowers have elected not to repair at such time.
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Examples of Unserviceable Parts in a sentence

  • In addition, within 45 days after June 30 and December 31 of each year following the Closing Date, commencing with Xxxx 00, 0000, Xxxxxxxxx shall deliver to Agent full, on-site appraisals (each, a "Semi-Annual Appraisal") of the Exchange Inventory and Work in Process, Repair --------------------- Parts and Unserviceable Parts of Borrowers.

  • Within 15 days after the end of each month following the Closing Date, commencing with the month ending September 30, 1999, Borrowers, at their expense, shall deliver to Agent desktop appraisals (meaning appraisals prepared without an on-site inspection by the Appraiser; based on information provided to the Appraiser by Borrowers) (each, a "Periodic Inventory Appraisal") of the ----------------------------- Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts of Borrowers.

  • As shown in the balance sheet above, MSBNA’s principal funding sources are deposits, capital, and subordinated debt.

  • Such Semi-Annual Appraisals shall be prepared by the Appraiser, shall be in form and scope acceptable to Agent, and shall set forth the respective Orderly Liquidation Values and Fair Market Values of Borrowers' Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts as of June 30 or December 31, as applicable, of the relevant year.

  • Title to and risk of loss or damage to Unserviceable Parts shall pass from Operator to Rolls-Royce upon receipt and acceptance by Rolls-Royce of such Unserviceable Part.

  • Appendix C - Proportion of Serviceable & Unserviceable Parts 1.0 INTRODUCTION, DETERMINATION & ASSUMPTIONS 1.1 INTRODUCTION Continental Airlines, Inc.

  • In addition, Borrowers shall work with the Appraiser and the Agent to ensure that on November 30, 1999 and within 45 days after March 31 and September 30 of each year following the Closing Date, Borrowers deliver to Agent full, on-site appraisals (each, a "Semi-Annual Appraisal") of -------------------- the Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts of Borrowers.

  • If Rolls-Royce determines Unserviceable Parts returned are not Qualified Parts having suffered Qualifying Events (such as No-Fault Found or subject to abnormal corrosion, wear and tear, etc.) Rolls-Royce shall charge Operator for either the Rework or replacement of such Unserviceable Part.


More Definitions of Unserviceable Parts

Unserviceable Parts means an LRP installed in an Engine, which has become unserviceable according to the conditions set forth in this Agreement.
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Unserviceable Parts means Pledged Spare Parts or Non-Pledged Spare Parts, as the context requires, that have been either removed from service (i) because they did not Spare Parts Security Agreement work correctly or (ii) because upon inspection and testing, they were found not to meet certain prescribed standards. "U.S." or "United States" means the United States of America. "U.S. Air Carrier" means any United States air carrier that is a Citizen of the United States holding an air carrier operating certificate issued pursuant to chapter 447 of title 49 of the United States Code for aircraft capable of carrying 10 or more individuals or 6000 pounds or more of cargo, or that otherwise is certificated or registered to the extent required to fall within the purview of Section 1110. "U.S. Government" means the federal government of the United States, or any instrumentality or agency thereof the obligations of which are guaranteed by the full faith and credit of the federal government of the United States.
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Related to Unserviceable Parts

  • Serviceable when used to describe an Engine or Part, means in an airworthy condition within the limits defined in the applicable Engine manuals, specification and/or publications by the type certificate holder.

  • Tank means an enclosed space which is formed by the permanent structure of a ship and which is designed for the carriage of liquid in bulk.

  • 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;

  • Fuel burning equipment means any furnace, boiler, apparatus, stack and all associated equipment, used in the process of burning fuel.

  • Spare Parts has the meaning assigned to such term in the Pledge and Security Agreement.

  • Landing Gear means the installed main and nose landing gear, components and their associated actuators, side braces and parts.

  • Live parts means conductive part(s) intended to be electrically energized under normal operating conditions.

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Heavy equipment means such construction machinery as backhoes, treaded tractors, dump trucks, and front-end loaders.

  • Tanks has the meaning set forth in Section 4.12(b).

  • Tooling means tools funded or provided by the Buyer.

  • Containers means any ISO standard container(s) with a maximum height of 9’6” including any reefer and/or other special containers, provided they meet ISO standards.

  • Dry cleaning fluid means any non-aqueous liquid product designed and labeled exclusively for use on: fabrics which are labeled "for dry clean only", such as clothing or drapery; or S-coded fabrics. Dry cleaning fluid includes, but is not limited to, those products used by commercial dry cleaners and commercial businesses that clean fabrics such as draperies at the customer's residence or work place. Dry cleaning fluid does not include spot remover or carpet and upholstery cleaner. For the purposes of this definition, S-coded fabric means an upholstery fabric designed to be cleaned only with water-free spot cleaning products as specified by the Joint Industry Fabric Standards Committee.

  • Cleaning means the act of removing septage or other wastes from a wastewater treatment system component or grease/waste from a grease interceptor.

  • Recycled water or “reclaimed water” means treated or recycled waste water of a quality suitable for non-potable uses such as landscape irrigation and water features. This water is not intended for human consumption.

  • Plasma arc incinerator means any enclosed device using a high intensity electrical discharge or arc as a source of heat followed by an afterburner using controlled flame combustion and which is not listed as an industrial furnace.

  • Blood component means that part of blood separated by physical or mechanical means.

  • Bulk gasoline plant means a gasoline storage and distribution facility with an average daily throughput of 20,000 gallons (76,000 liters) of gasoline or less on a 30-day rolling average.

  • Habitable room means any room in a dwelling unit used for or capable of being used for living, cooking, sleeping or eating purposes.

  • Consumables means where the context permits, Digital Print Consumables, Inkjet Printing System Consumables and Prepress Consumables.

  • Generator means a device that produces electricity.

  • Clean (or ‘Cleaned’) means, as the case requires:

  • Propeller means for a device for propelling an aircraft that has blades on a powerplant driven shaft and that, when rotated, produces by its action on the air, a thrust approximately perpendicular to its plane of rotation and it includes control components normally supplied by its manufacturer, but does not include main and auxiliary rotors or rotating airfoils of powerplants;

  • Sanitary landfill means a disposal facility for solid waste so located, designed and operated that it

  • Shrub means and refer to a woody plant, smaller than a tree, consisting of several small stems from the ground or small branches near the ground.

  • Recyclables means Solid Waste that may be reclaimed and/or processed and used in the production of raw materials or products.