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.
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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);
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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.
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Examples of Capital Spares in a sentence

  • Capital Spares are depreciated over the useful life of such spares.

  • Biological AssetsBiological assets are living animals or plants as per the definition in the GRAP on Agriculture Capital Spares (Major Spare Parts)Spares and materials used on a regular basis in the ordinary course of operations are usually carried as inventory (ie they are not usually considered fixed assets) and are expensed when consumed.

  • Every committee shall include one Commissioner, who shall serve as Chair of the Committee.

  • Capital Spares, if any, are depreciated based on useful life of each replaced part.The company depreciates property, plant and equipment over their estimated useful lives using written down value method.

  • Capital Spares (Major Spare Parts) Spares and materials used on a regular basis in the ordinary course of operations are usually carried as inventory (i.e. they are not usually considered fixed assets) and are expensed when consumed.

  • Furthermore, the SUPPLIER shall provide detailed storage, maintenance and preservation requirements for all supplied spares included specific long-term requirements for Capital Spares 4.10.9Following award of Purchase Order all spares shall be listed by SUPPLIER under the SPIR submission and SUPPLIER shall indicate delivery, price and details of interchangeability for each part with the supplied equipment.

  • Depreciation on all fixed assets except computer software and Capital Spares is provided on straight line method at the rates specified under Schedule XIV of the Companies Act, 1956, such rates being not lower than the rates based on management’s estimate of useful economic life of the assets.

  • Capital Spares are amortized in a systematic manner over the useful life of the asset to which it relates.1.3 InvestmentsNon Current / Long-Term Investments are valued at cost.

  • In order to overcome such issues, Company proposes to conduct comprehensive review of entire Capital Spares / Asset base so as to ascertain the accuracy in depreciation rate, charging of cost of replaced items to P&L, balance life as per the records and correct accounting treatment thereof in the ensuing year and carry out rectifications wherever required.

  • Except for Capital Spares and Consumable Stock, DSA will establish the NRV and communicate this to the Defence Business Services (DBS) Asset Data Management Team (ADMT) and SBSO to enable any adjustments or impairments to the asset value which are required to be posted into the accounts.


More Definitions of Capital Spares

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.
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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;
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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.
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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);
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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.
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Related to Capital Spares

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Common space means an area on which two or more information functions (e.g. symbol) may be displayed, but not simultaneously.

  • Leash means a leash, cord, chain, or other comparable material which must be of a gauge suitable for controlling said dog and shall not be longer than six feet.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • Capital Base means, at any date, the sum of Tangible Net Worth and Subordinated Debt.

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Scheme Property means the property of the Company required under the FCA Rules to be given for safe-keeping to the Depositary.

  • Digital audio-visual work means a series of related images which, when shown in succession, imparts an impression of motion, together with accompanying sounds, if any.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Elevated Building means a non-basement building which has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;