Replacement Costs definition

Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

Replacement Costs means expenditures for obtaining and installing equipment, accessories, or appurtenances which are necessary during the useful life of the wastewater treatment system to maintain the capacity and performance for which such facilities were designed and constructed. Operation and maintenance costs include replacement costs.

Replacement Costs means the amount required, at current building costs and with due regard also to

Examples of Replacement Costs in a sentence

• Any allowances for Renewal and Replacement Costs remaining at the end of each Fiscal Year shall be carried forward, except that City cannot accumulate more than Ten Million Dollars ($10,000,000) for the Terminal and Airfield Cost and Revenue Centers in allowances reserved for such costs.

• For the avoidance of doubt, such Account Bank Replacement Costs shall cover any and all replacement costs incurred in respect of a replacement of The Bank of New York Mellon, London Branch as Account Bank.

• Centers shall mean those areas or functional activities of the Airport used for the purposes of accounting for Revenues, Capital Expenditures, Operating Expenses, Renewal and Replacement Costs and Debt Service.

• In case of a termination as a result of the Account Bank failing to maintain an Account Bank Required Guarantee or if its short-term or long-term ratings fall below the Account Bank Required Rating, the outgoing Account Bank shall reimburse the Issuer for the costs (including legal costs and administration costs) or pay any costs incurred for the purpose of appointing a Successor Bank up to an amount of GBP 15,000 (the "Account Bank Replacement Costs").

• Center shall include all Debt Service, all direct and indirect Operating Expenses, all Renewal and Replacement Costs and all Revenues attributable to the Airfield.

More Definitions of Replacement Costs

Replacement Costs means costs related to the expenditures for obtaining and installing equipment, accessories, or appurtenances which are necessary to maintain the capacity and performance during the service life of the city facilities for which such facilities were designed and constructed. The term “operation and maintenance” includes replacement.

Replacement Costs means an amount equal to the present value of the economic loss to a Party, attributable to early termination of the Agreement,limited to the twelve months following the Termination Date, determined in a commercially reasonable manner. For Utility, commercially reasonable Replacement Costs include incremental costs suffered by Utility to replace the Estimated Annual Production and/or Environmental Attributes that Owner fails to deliver under this Agreement, including the amounts paid or incurred by Utility for replacement capacity, replacement energy, transmission and ancillary services associated with delivery of replacement capacity and energy and directly associated transaction costs. As a point of reference for current estimated Replacement Costs, the rate charged by Utility's under Tariffs 1 and 7 ("Resale Power" and "Renewable Energy Premium") for all such costs is $0.040 per kWh. In the event of Owner termination prior to Commercial Operation Date, Replacement Costs for the Utility shall be limited to the following flat fee:

Replacement Costs means with respect to a period of ----------------- time, the difference between (a) the actual costs, including without limitation related penalties and transmission costs, incurred by Buyer to replace any shortfall between (1) the Supply Amount and (2) the Delivered Amounts of Energy, (or in the case of Ancillary Services the Supplier's schedule of Ancillary Services) during such period and (b) the payments the Supplier would have been entitled to in respect of such shortfall in delivery; provided that Replacement Costs shall also be subject to the annual true-up mechanism set forth in Section 7.5.

Replacement Costs means necessary expenditures made during the service life of the treatment works to replace equipment and plant appurtenances to maintain the intended performance of the treatment works.

Replacement Costs means expenditures and costs for obtaining and installing equipment, accessories or appurtenances which are necessary during the service life of the system to maintain the capacity and performance for which the system was designed and constructed.

Replacement Costs means the costs of obtaining and installing equipment, accessories or appurtenances that are neces- sary during the service life of the district’s sewerage system to maintain the capacity and performance for which the sewerage system was designed and constructed.

Replacement Costs means expenditures for obtaining and installing equipment or accessories that are necessary to maintain the capacity and performance during the service life of the water or wastewater treatment works.