PRSV definition
PRSV means the accomplishment of all specified disassembly, cleaning, inspection, repair or replacement of parts as required, restoration of fits and clearances, reassemble and test tasks for the purpose of attaining a full service interval of parts, modules and engines.
PRSV means, at a minimum, the refurbishment of the high pressure compressor, turbine module and combustion section modules and the refurbishment of any other module that has exceeded the soft time limits and/or recommendations for operational performance as provided in the CFMI ▇▇▇▇▇-▇▇ ▇▇▇▇▇▇▇▇▇ Planning Guide (WPG) in effect at the time of the shop visit. "Permitted Parties" has the meaning given to such term in Section 13.2. "Protocol" means the Protocol to the Convention on Matters Specific to Aircraft Equipment opened for signature on November 16, 2001 at Cape Town, South Africa. "PRSV Adjustment" has the meaning given to such term in Section 7.9. "Purchaser Nominee" means an affiliate of Buyer or any owner trust which is beneficially owned by Buyer or any affiliate of Buyer. "Related Litigation" has the meaning given to such term in Section 18.l(a). "Sale Documents" means together this Agreement, the Bills of Sale and the Acceptance Certificates and any agreement amending or supplementing any of the foregoing documents, and all other documents required to be executed or delivered pursuant to or in furtherance of this Agreement. "SDN List" has the meaning given to such term in Section 2.2. "Second Acceptance Deposit" has the meaning given to such term in Section 7.8(a). "Seller" means, in relation to (a) Aircraft 1 and Aircraft 3, Seller 1; and (b) Aircraft 2, Seller 2, together the "Sellers" and each a "Seller". "Tax" means any and all present and future taxes, duties, withholdings, levies, assessments , imposts, fees and charges of any nature whatsoever and however, whenever and wherever and by whoever imposed, assessed, levied or asserted by any governmental taxing authority (including any VAT or similar tax and any stamp, documentary, registration or similar tax), together with any claims, penalties, fines, surcharges, interest, damages, fees, costs and expenses arising or resulting therefrom and any additions thereto. "Tax Claim" has the meaning given to such term in Section 11.l(d). "Transfer Taxes" has the meaning given to such term in Section 11.1(b). "Unserviceable Engine Price" means : 765366-3-1 -vS.O - 7 - 80-4071 7007
PRSV. The Services, as determined by the CFM Customer Program Manager, performed during a shop visit in which, at a minimum, any one of the following modules is exposed, disassembled and subsequently refurbished: the high-pressure compressor, or high-pressure turbine, or combustor chamber or stage one low pressure turbine nozzle.
Examples of PRSV in a sentence
The Basic Purchase Price of an Aircraft as adjusted pursuant to (a) an Engine CSN/TSN Adjustment, a BSI Adjustment, an Excluded Engine Adjustment, a PRSV Adjustment and/or a Delivery Location Adjustment (as applicable) and (b) the crediting of an amount equal to the Deposit actually received by the relevant Seller pursuant to Section 7.8(a), shall be referred to herein as the "Net Purchase Price" of such Aircraft.
Each Seller shall credit the Deposit for an Aircraft against the Basic Purchase Price of such Aircraft (as the same may be adjusted pursuant to an Engine CSN/TSN Adjustment, a BSI Adjustment, an Excluded Engine Adjustment, a PRSV Adjustment and/or a Delivery Location Adjustment (as applicable)) at Delivery of such Aircraft.