Repair and Replacement Costs definition

Repair and Replacement Costs mean the costs for major repair and replacement costs, excluding preventive maintenance, of project Facilities as determined in accordance with the Agency design-build- operate service contract and as otherwise determined by the Board.
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Repair and Replacement Costs means all repair and replacement costs related to the System incurred by the District to repair or replace a Capital Facility or any component thereof in any particular fiscal year or period to which said term is applicable or charges made therefor during such fiscal year or period, including amounts reasonably required to be set aside in reserves for items of Repair and Replacement Costs, the payment of which is not then immediately required.
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Repair and Replacement Costs means any obligations incurred by the Owner Partnership between the date of this Agreement and the Closing Date for repairs or replacements at the Mall to the extent such repairs or replacements should be capitalized under generally accepted accounting principles.
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Examples of Repair and Replacement Costs in a sentence

  • Variable Operating Costs for Project Facilities and Repair and Replacement Costs shall be allocated between the Project Participants based on each Project Participant's proportionate share of the volume of use of the Project Facilities or such other method as may be established by unanimous Board approval.

  • As soon as practicable following the commencement of a fiscal year, the Board shall, upon recommendation of the Treasurer, reconcile Capital Costs, Fixed and Variable Operating Costs and Repair and Replacement Costs for the prior fiscal year.

  • Repair and Replacement Costs relating to the Transmission Piping will be allocated only to the Project Participants using the particular Transmission Piping.

  • The percentage shares in this section 6.1.2 table shall apply to the Capital Costs of the Initial Project Facilities and future Agency Capital Costs, including, modification, improvement and minor repair and replacement costs, but excluding any Repair and Replacement Costs and any costs for expanding or increasing capacity.

  • The amount so reconciled shall then be factored into the calculation of projected Capital Costs, Fixed and Variable Operating Costs and Repair and Replacement Costs for the next fiscal year.

  • Within 90 days after the first meeting of the Board, and thereafter prior to the commencement of each fiscal year, the Board shall adopt a budget, including a projection of Capital Costs, Fixed Operating Costs, Variable Operating Costs and Repair and Replacement Costs for the Project for the ensuing fiscal year plus an amount to fund a contingency reserve.


More Definitions of Repair and Replacement Costs

Repair and Replacement Costs means the costs of repairs, renewals or replacements of Facilities, or of renovation or replacement of furniture or equipment, which costs (i) are not paid as ordinary and normal Maintenance and Operation Costs, and (ii) are made for the purpose of preserving or enhancing the operating capacity of a Facility.
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Related to Repair and Replacement Costs

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.