Facility Shutdown definition
Examples of Facility Shutdown in a sentence
Provide Post Spin Hypercare support services: Facility Shutdown Services – Service Provider will provide Service Receiver with Facility Shutdown services that include: • Disposition of network and computer assets • Disposition of furniture and miscellaneous equipment; boxing of HR files, ITT logo, posters, etc.
The Term of the Sublease shall expire on the earlier of (a) one hundred twenty (120) days after the later of (i) the expiration or termination of the Supply Agreement, as amended, or (ii) the expiration of any periods pursuant to Section 13.7 of the Supply Agreement, or for so long as Impress continues to own the assets of the Business (if for less than such one hundred twenty (120) day period) or (b) a DLM Facility Shutdown (as defined in the Supply Agreement) affecting the Premises.
In addition, Ormat shall promptly (and use reasonable efforts to execute prior to the end of such scheduled outage) repair or replace, as necessary, any of such surrounding equipment found by the Parties to be Defective or otherwise damaged as a result of the events causing the Facility Shutdown.
SUN shall be permitted to obtain Product from alternative sources and, in connection with arranging for supply from such alternative sources, SUN may rely upon BEF's representation of the expected duration of such Force Majeure or Facility Shutdown.
Seller was carrying a liability on its books in the amount of $14,896,000 for the costs associated with closing the KC Facility and maintaining the existing caves at the KC Facility to the extent required to support third party surface rights (such closing and maintenance collectively, the "KC Facility Shutdown").
Provide Post Spin Hypercare support services: Facility Shutdown Services — Service Provider will provide Service Receiver with Facility Shutdown services that include: • Disposition of network and computer assets • Disposition of furniture and miscellaneous equipment; boxing of HR files, ITT logo, posters, etc.
The Seller shall close its production facility on or after December 20, 2002 but no later than December 31, 2002 (the "Facility Shutdown Date").
During any period in which BEF is unable to deliver Product to SUN by reason of Force Majeure or Facility Shutdown.
Purchaser and Seller acknowledge and agree that the Purchase Price for the Purchased Assets reflects that KC Underground is responsible for paying the cost for the KC Facility Shutdown, subject to the reimbursement and indemnification provisions set forth in Section 3.9(b) below.
In the event the amount actually expended by KC Underground in connection with the KC Facility Shutdown (as hereinafter defined) during the seven (7) year period ("Shutdown Adjustment Period") immediately following the Closing Date is less than $10,000,000, then in such event the Purchase Price shall be increased by the difference between the amount actually expended and $10,000,000.