Capital Spares definition

Capital Spares means the inventory of spare parts used by the Contributor in the Contributed Business and owned by the Contributor as of the Closing Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Capital Spares means all of the capital spares owned by the Debtors for use in the Business, including the parts, machinery and equipment listed on Part II of Schedule 1.1(nn);

Capital Spares means the spare parts and equipment, as provided for as a separate line item in the relevant Development Work Program and Budget which are intended to be used to maintain or replace existing equipment.

Examples of Capital Spares in a sentence

The Manager shall facilitate access by the Company, where relevant, to the Capital Spares Pool.
If the Contractor fails so to replace any spare parts (including Major Capital Spares) or any such excess wear and tear parts used by it, the Owner shall be entitled to withhold, or draw on any performance security issued on behalf of the Contractor, for an amount equal to the cost of replacing and if necessary installing such spare parts (including Major Capital Spares) and excess wear and tear parts.
In each case, the Contractor shall replace any spare parts (including Major Capital Spares) so used, and any wear and tear parts used prior to Acceptance in excess of the amounts which are normal (having regard to the experience of European pulp ▇▇▇▇▇ during normal operation) for such parts in a Plant of this type during the period from Commissioning until Acceptance, forthwith at its own cost.
After Acceptance and prior to the end of the Defects Liability Period, the Contractor shall be entitled to use the spare parts, as well as the Major Capital Spares, in connection with the fulfillment of its contractual obligations, including performance of tests required by this Contract.
The Parties agree that the Aggregate Provisional Sum will be decreased by $15,000,000 in recognition of the changes listed in Section VI.B of this Change Order and as outlined in Exhibit L Scope Trend S1-0111 (Capital Spares Reconciliation).
Capital Spares Contractor shall, within [TBD] days after NTP provide recommended spare parts listings.
All inventory relating to the Kemess Project, including without limitation, LOM Insurance Spare, Capital Spares - Life of asset depreciated upon issue, and Capital Spares-SAG Mill Deferred Net.
Prior to or at the Closing, CPI will cause all of its right, title and interest in and to any LTSA Capital Spares or the Parts Inventory listed in Schedule 3.4(a)(i), - 45 - in each case, to be transferred, free and clear of all Encumbrances (other than as set forth in the LTSA), to OPP.
Buyer may exercise its option to acquire any or all of the Option Capital Spares by delivering notice of its election to do so (the “Option Capital Spares Notice”) to Seller not less than thirty (30) days following the date of this Agreement, which Option Capital Spares Notice shall specify (i) the Option Capital Spares that Buyer is electing to purchase and (ii) the aggregate price therefore.

More Definitions of Capital Spares

Capital Spares means spares individually costing above Rs. 20 lakh, which is maintained by the generating company or the transmission licensee over and above the initial spares.

Capital Spares means the spare parts listed or described in Schedule S – Capital Spares, which list may be revised by mutual agreement of the Parties;

Capital Spares means the capital spares owned by the Debtors for use in the Business, including the parts, machinery and equipment listed on Schedule 1.1(ii);

Capital Spares means the LRV parts (which are substantial in nature or which require a long lead-in time for delivery) specified in Schedule 13 (Capital Spares, LRV Spare Parts and LRV Special Tools) together with all other such similar parts to be kept by the Operator for provision of the Services in accordance with the Contract.

Capital Spares means marine equipment and vessel components which may or may not be associated with a particular vessel, or class of vessel, and could be, in the Ordinary Course of Business, allocated to and utilized in a specific vessel and capitalized subject to amortization for accounting purposes, including marine engines, leg and pad sections and materials, compressors, crane winch and jacking system components.