Major Maintenance Expenditures means the charges for all non-routine, non-repetitive activities, repair or replacement of machinery or equipment required for the continuity of operations, safety, and operating performance of the Facilities that are necessary to prevent or correct a failure of any component of the equipment which is not included as part of Routine Maintenance including labour charges, together with the Service Fee or fixed fee basis.
Major Maintenance Expenditures means the charges for all non-routine, non-repetitive activities, repair or replacement of machinery or equipment required for the continuity of operations, safety, and operating performance of the Facility that are necessary to prevent or correct a failure of any component of the equipment which is not included as part of Routine Maintenance including labour charges, together with the Service Fee or fixed fee basis.
Major Maintenance Expenditures is defined in Paragraph 4.6(a) of this Agreement. “MECP” means the (Ontario) Ministry of the Environment, Conservation and Parks. “MOL” means the (Ontario) Ministry of Labour.
Examples of Major Maintenance Expenditures in a sentence
Approval of each expenditure remains that of the Client as per Section 4.6 – Major Maintenance Expenditures.
More Definitions of Major Maintenance Expenditures
Major Maintenance Expenditures is defined in Paragraph 4.6(a) of this Agreement. “MOECC” means the (Ontario) Ministry of the Environment and Climate Change. “MOL” means the (Ontario) Ministry of Labour.
Major Maintenance Expenditures means labor, materials and other direct expenses for any overhaul of, or major maintenance procedure for, the turbines which requires significant disassembly or shutdown of the Project pursuant to manufacturers' guidelines or recommendations, engineering or operating considerations or the requirements of any Applicable Law.
Major Maintenance Expenditures means, with respect to a Project, all expenditures by a Loan Party for major maintenance of such Project in accordance with prudent U.S. electric generation industry practices and vendor and supplier requirements and recommendations (including overhauls and replacements of major components of such Project).
Major Maintenance Expenditures means all expenditures made by, or on behalf of, the Borrower and the Subsidiary Guarantors for regularly scheduled (or reasonably anticipated) maintenance of a Project (or any portion thereof), including rights in the Shared Assets as defined in the Shared Assets and Services Agreements, in accordance with Prudent Industry Practices constituting “major maintenance” (including teardowns, overhauls, and replacements of major components and any such maintenance which requires significant disassembly or shutdown of a Project), excluding any such costs that are paid by other Persons under warranty or similar agreements or insurance policies or the Shared Asset and Service Agreements. The term “major maintenance” shall include: (a) inspections of the combustion turbines with respect to the Projects; (b) scheduled or unscheduled maintenance of the Projects consisting of overhaul or major repair, including labor, material and direct expenses related to such overhaul or repair; (c) all work on account of extraordinary equipment failure and contingencies, including overhauls of the combustion turbines; and (d)
Major Maintenance Expenditures means Capital Expenditures or other major maintenance expenses to be incurred by the Issuer or any of its Subsidiaries (other than any operating costs or expenses included in the Issuer's annual Operating Budget pursuant to Section 4.26(a))
Major Maintenance Expenditures means the charges for all non-routine, non-repetitive activities, repair or replacement of machinery or equipment required for the continuity of operations, safety, and operating performance of the Facility that are necessary to prevent or correct a failure of any component of the equipment which is not included as part of
Major Maintenance Expenditures means those maintenance expenditures that are identified as major overhauls on Schedule 9.3.