Major Repair or Major Alteration definition

Major Repair or Major Alteration means operations that require cutting, addition, removal and/or replacement of the annular plate ring, the shell to bottom weld, or a sizable portion of the shell of an AST. These include but are not limited to the following:
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Major Repair or Major Alteration means operations that require cutting, addition, removal and/or replacement of the annular plate ring, the shell to bottom weld, or a sizable portion of the shell of an AST. These include but are not limited to the following:• the installation of any shell penetration beneath the design liquid level larger than 12 inches National Pipe Standard, or any bottom penetration located within 12 in. of the shell.• the removal and replacement or addition of any shell plate beneath the design liquid level, or any annular plate ring material where the longest dimension of the replacement plate exceeds 12 in.• the complete or partial (more than one-half of the weld thickness) removal and replacement of more than 12 in. of vertical weld joining shell plates, or radial weld joining the annular plate ring.• the installation of a new bottom. This does not include new bottoms in tanks ASTs where the foundation under the new bottom is not disturbed and either condition (1) or (2) are met:• (1) For tanks ASTs with annular rings, the annular ring remains intact.• (2) For tanks ASTs without annular rings, the repair does not result in welding on the existing bottom within the critical zone.• the removal and replacement of any part of the weld attaching the shell to the bottom or to the annular ring.• jacking of a tank shell.
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Related to Major Repair or Major Alteration

  • 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.