Maintenance Assets definition

Maintenance Assets means such assets including the equipment, plant and machinery of the Facility Manager deployed at the Station Area and as set out in the Station Asset Register, for the purposes of undertaking the facility maintenance of the Station Area (and the Station Project Utilities and Station Assets thereat), which shall include the equipment specified in Annexure 1 of Schedule 2 (Scope of SFM Project);
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Maintenance Assets means those tangible and intangible assets of Buyer used in connection with the maintenance and operation of the Fiber Ring Assets as will be necessary or usable in the performance of its obligations under the Maintenance Agreement.
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Examples of Maintenance Assets in a sentence

  • Upon termination of this Agreement by IRSDC on account of a Facility Manager Event of Default, IRSDC may at its sole option (exercisable on or prior to the effective date of such termination), purchase all or any part of the Maintenance Assets at a valuation equal to the depreciated value of such assets or the book value of such assets in the books of the Facility Manager, whichever is lower.

  • On or prior to the expiry of this Agreement, the Facility Manager shall remove or cause to be removed all the assets, equipment, plant and machinery, including the Maintenance Assets, not forming part of the Assets or Project Utilities, which have been brought on to the Station Area by the Facility Manager or its Sub-Contractors for undertaking the obligations under this Agreement.

  • Upon acquisition of the Equipment Maintenance Assets by the Company, the business operations and management of the Cooperation Equipment Maintenance Centre will be integrated with the Group, therefore the utilization of capital assets and human resources of the Cooperation Equipment Maintenance Centre will be optimized, which in turn, will lead to (i) improved efficiency in repair and maintenance services for equipment and systems of the Company and (ii) reduced costs of production.

  • Further, the Facility Manager shall also have provided a written undertaking to IRSDC that it shall clear all such dues, fees, charges or any other amounts that IRSDC or its nominee shall be required to pay where such dues, fees, charges or any other amounts have accrued during the time the Assets, Project Utilities, the Station Area and the Maintenance Assets being transferred to IRSDC were in the possession and control of the Facility Manager.

  • The Board is pleased to announce that on 25 July 2014, the Company has entered into the Assets Acquisition Agreement with Angang Holding, pursuant to which the Company has agreed to acquire the Equipment Maintenance Assets from Angang Holding for the total cash consideration of RMB58,826,296.

  • The Facility Manager shall prepare and maintain a register in the prescribed format of Railways (the (“Asset Register”) of: all the Assets and Project Utilities, and all other assets, equipment, plant and machinery brought on to the Station Area for undertaking the obligations set out in this Agreement (including all Maintenance Assets).

Related to Maintenance Assets

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production. Manual Load Dump Action:

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Maintenance Test means the maintenance test set out in Clause 12.1 (Maintenance Test).

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Operation and Maintenance Costs means the costs of:

  • maintenance order , in relation to a court, means an order made by a court —

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • Maintenance Agency means the Builder or any association, society, company, body or committee formed/appointed by the Builder for the Common Purposes.

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Maintenance Plan means a maintenance plan pursuant to N.J.A.C. 7:8-5.2(b) and 5.8 prepared by the design engineer for the stormwater management measures incorporated into the design of a major development.

  • Maintenance With respect to any Cooperative Unit, the rent paid by the Mortgagor to the Cooperative Corporation pursuant to the Proprietary Lease.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Maintenance and Support means updates, upgrades, patches, fixes, etc. and technical support provided for the Products and Services that Supplier is required to provide directly to DXC or a DXC Customer.

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • 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.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.