MAJOR TURNAROUND definition

MAJOR TURNAROUND means (a) any maintenance, repair, replacement or inspection work involving the complete shutdown for a period of at least twenty (20) days, or substantial curtailment of the operations for a period of at least twenty (20) days, of the ▇▇▇▇▇ unit or the fluid catalytic cracker unit at the Avon Refinery or the fluid catalytic cracker unit or the crude distillation unit at the Bayway Refinery and (b) any other Turnaround involving the complete shutdown or substantial curtailment of the operations, in each case for a period of at least twenty (20) days, of any unit at any refinery owned by a Borrower if such shutdown or curtailment of operations results in a reduction in the Cash Flow of the Company of substantially the same magnitude as the reduction in Cash Flow of the Company resulting from a Major Turnaround specified in clause (a) above.
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Related to MAJOR TURNAROUND

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Planned Outage means the removal of equipment from service availability for inspection and/or general overhaul of one or more major equipment groups. To qualify as a Planned Outage, the maintenance (a) must actually be conducted during the Planned Outage, and in Seller’s sole discretion must be of the type that is necessary to reliably maintain the Project, (b) cannot be reasonably conducted during Project operations, and (c) causes the generation level of the Project to be reduced by at least ten percent (10%) of the Contract Capacity.

  • Major renovation means the renovation of a building where:

  • Major disaster means any natural catastrophe (including any hurricane, tornado, storm, high water, winddriven water, tidal wave, tsunami, earthquake, volcanic eruption, landslide, mudslide, snowstorm, or drought), or, regardless of cause, any fire, flood, or explosion, in any part of the United States, which in the determination of the President causes damage of sufficient severity and magnitude to warrant major disaster assistance under this Act to supplement the efforts and available resources of States, local governments, and disaster relief organizations in alleviating the damage, loss, hardship, or suffering caused thereby.

  • Major Equipment means the items of Equipment listed as such in Attachment G.