Capital Modification definition

Capital Modification means any material change, alteration, improvement, upgrade or modification of any of the Managed Assets, or any installation of new equipment or systems, including any of the foregoing that results from a replacement of any of the Managed Assets or the installation of new equipment, machinery, systems or other property at the Managed Assets.

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Capital Modification means, on any Site, any material change to any part of the physical assets occurring after a School Occupancy Readiness Date, including the alteration, addition, demolition, or extension of the physical assets constituting the Project or the installation of new structures, equipment, systems, or technology.

Capital Modification means a material change, alteration, expansion, improvement or other modification to the physical assets constituting the Plant made after the Contract Date. Capital Modifications exclude ordinary and major maintenance, repairs and replacements.

Examples of Capital Modification in a sentence

However, if a Capital Modification requires an expenditure of more than $20,000, we agree to give you 12 months from the date such request is made to comply with such Capital Modification.
In no event shall the rejection or modification of any such Capital Modification by the BWS relieve the DBOM Contractor of its obligations under this Service Agreement.
Any capital investment, improvement or modification required to be made pursuant to this subsection, reasonably expected to result in a material change to the Project, shall be considered a Capital Modification subject to the provisions of Article 14 (Capital Modifications).
For purposes of this section, if the WPCA does not approve the Capital Modification within one hundred and eighty (180) days of the WPCA’s receipt of a proposal of a Capital Modification from the Company, the Capital Modification shall be deemed to be rejected by the WPCA.
If the WPCA rejects such a Capital Modification, the Company will not be liable for any loss, damage or liability arising from or related to the WPCA’s failure to approve said Capital Modification, including any loss, damage, or liability for (a) failure of the Managed Assets, (b) failure to comply with Applicable Law, (c) failure to meet the requirements of this Agreement or (d) claims for indemnification.

More Definitions of Capital Modification

Capital Modification means any material change to the Transfer Station or Drop-Box Sites including the installation of new structures, equipment, systems or technology following the Commencement Date.

Capital Modification means any change to the scope of work for the design and construction of the Project in connection with the Reinstatement Works, and in particular, the value of the design services and construction materials, as context may require.

Capital Modification means any m aterial change, alteration, improvement, upgrade or modification of any of the Incineration Facilities or any installation of new equipmen t or systems, including any of the foregoing that results from a replacement of any of the Incineration Facilities (other than replacements in-kind) or the installation of new equipment, machinery, systems or other property at th e Incineration Facilities pursuant to the Lessee's responsibilities under Article VIII (other than replacements in kind). A "Capital Modification" shall include any modification of the Initial Capital Improvements, before, during or after their construction.

Capital Modification means any material change to any part of the Project occurring after the Acceptance Date, including the installation of new structures, equipment, systems or technology, as addressed in Article 14 (Capital Modifications). Board of Water Supply, City and County of Honolulu Kalaeloa Seawater Desalination Facility Design-Build-Operate-Maintain Project Service Agreement Article 1 - Definitions and Interpretation

Capital Modification means any material change to any part of the physical assets constituting the Project occurring after the Occupancy Readiness Date, including the alteration, addition, demolition or extension of the physical assets constituting the Project or the installation of new structures, equipment, systems or technology. If a replacement of any part of the Project is made by the Developer under Article 9 (Operation and Maintenance), or a capital investment, improvement or modification required to be made by the Developer in order to remedy a Developer Event of Default, and can be reasonably expected to result in a material change to the physical assets constituting the Project, then such replacement, capital investment, improvement or modification shall constitute a Capital Modification.

Capital Modification means any installation of new structures, equipment, systems or technology made with the WPCA’s prior approval to (i) advance or improve the operation or efficiency of the System, (ii) correct an Uncontrollable Circumstance, or (iii) to modify the System to comply with a Change in Law occurring during the Operation Period, the costs of which are properly accounted for as capital expenses rather than operating expenses.

Capital Modification has the meaning set forth in Section 12.1 (Capital Modifications Generally).