Refurbishment Cost definition
Examples of Refurbishment Cost in a sentence
The Counterparty may provide comments on the information with respect to any Basis of Estimate Report, Fully-Scoped Refurbishment Cost or Fully-Scoped Refurbishment Duration of a Unit to be Refurbished, and the Generator shall give reasonable consideration thereto and provide responses to comments provided in a timely manner.
Such information may include, but will not be limited to, informational mailings, introductions, distribution of sales materials, organized efforts for communications with prospective clients, participation in trade shows and conferences, and additional forms of information as agreed by the Parties.
On the Refurbishment Lock-in Date of each of ▇▇▇▇▇ ▇, ▇, ▇, ▇, ▇ and 8, as the case may be, the Generator will provide the Counterparty with a final Basis of Estimate Report and a notice setting out the Fully-Scoped Refurbishment Cost for the applicable Unit, the Scheduled Refurbishment Outage Date, the Fully-Scoped Refurbishment Duration of such Unit and an allocation of the Fully-Scoped Refurbishment Cost to each calendar year of the Refurbishment of such Unit.
The preliminary Basis of Estimate Report also includes a detailed work plan to develop the Fully-Scoped Refurbishment Cost and the Fully-Scoped Refurbishment Duration by the scheduled Refurbishment Lock-in Date of the First Unit.
The Counterparty shall notify the Generator by the MCR Decision Date that: (i) it has verified such final Basis of Estimate Report and notice; or (ii) it is unable to verify the same due to an error by the Generator in the scope of the Refurbishment Work to be undertaken or in the calculation of the amount of the Fully-Scoped Refurbishment Cost as provided in Section 2.5(c), or due to an outstanding dispute as provided in Section 2.6(i) or (j).
Such estimate will also include a detailed work plan to develop the Fully-Scoped Refurbishment Cost and the Fully-Scoped Refurbishment Duration by the scheduled Refurbishment Lock-in Date of such Unit.
On or prior to each anniversary of the date on which the preliminary Basis of Estimate Report is delivered in respect of each subsequent Unit to be Refurbished after the First Unit, until the Refurbishment Lock-in Date of such Unit, the Generator will deliver to the Counterparty an update of the preliminary Basis of Estimate Report and plan for developing the Fully-Scoped Refurbishment Cost and the Fully-Scoped Refurbishment Duration for such Unit.
In the event the Refurbishment Cost is less than the Refurbishment Allowance, Buyer shall transfer to Seller additional used parts held in Buyer's inventory having a cost basis equal to the amount of such deficiency.
The Outstanding Refurbishment Cost itself shall be met by the Vendor as and when such costs fall due.
In the event that the Refurbishment Cost exceeds the Refurbishment Allowance, then Seller shall transfer to Buyer certain of the Parts and Used Unit Inventory having a cost basis equal to the amount of such excess.