Lifecycle Replacement definition

Lifecycle Replacement means the replacement of Equipment at the end of its life, and any works associated therewith. Subject to the provisions of paragraph 2.2 below, the Equipment Responsibilities Matrix sets out the respective responsibilities of the parties in relation to various matters relating to Equipment, namely: the party responsible for developing the initial specification for the item of Equipment, carrying out the tender process, selecting and procuring the appropriate Equipment (at its own cost), the responsibility for which is set out in the column headed “Supplied/ Procured”; the party responsible for the initial installation of the item of Equipment (at its own cost), the responsibility for which is set out in the column headed “Installed/ Placed”; the party responsible for the initial commissioning of items of Equipment and staff training (at its own cost) as appropriate, the responsibility for which is set out in the column headed “Commissioned”; the party responsible for the maintenance of items of Equipment (at its own cost), the responsibility for which is set out in the column headed “General Maintenance”; the party responsible for the lifecycle replacement of items of Equipment (as its own cost), the responsibility for which is set out in the column headed “Lifecycle Replacement”; and the party responsible for the decommissioning of items of Equipment (at its own cost), the responsibility for which is set out in the column headed “Decommissioning”. Where DBFM Co is responsible for the any of the matters under paragraphs 2.1.1, 2.1.2 and 2.1.3 and does not have the responsibility for the matters set out under paragraphs 2.1.4 and 2.1.5 all as set out in the Equipment Responsibilities Matrix, DBFM Co shall (or shall procure that) all available manufacturers warranties and/or guarantees that are (or ought to be) obtainable on the market relating to the Equipment are obtained; and the benefit of any manufacturers warranties and/or guarantees are assigned and/or made available to the Authority.
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Examples of Lifecycle Replacement in a sentence

  • Project Co shall keep detailed records of the Lifecycle Replacement and Lifecycle Spend.

  • A7 A copy of all information provided to the Authority under clause 24 of the Authority Project Agreement (Lifecycle Replacement).

  • No later than 2 months prior to the Completion Date, Project Co shall submit to the Authority's Representative in accordance with Schedule Part 8 (Review Procedure) a Schedule of Lifecycle Replacement for the Facilities for the Project Term.

  • Following the GEM, costs have been identified under the following headings: Initial Capital Costs, Lifecycle Replacement Costs, Other Capital Costs, Clinical Services Costs, Non Clinical Service Costs and Building Related Running Costs.

Related to Lifecycle Replacement

  • Eligible Replacement means an entity (A) that satisfies the definition of Hedge Counterparty Ratings Requirement, set forth in Part 5(f)(ii) above or (B) whose present and future obligations owing to Party B are guaranteed pursuant to an Eligible Guarantee provided by a guarantor which satisfies paragraph (b) of the definition of Hedge Counterparty Ratings Requirement.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Benchmark Replacement means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Capital Replacement means the replacement of those items listed on Exhibit F.