Rotable Part definition

Rotable Part. A new or used Serviceable Part drawn from a common pool of Parts used to support one or more customers. A Rotable Part replaces a similar Part removed from an Engine when such removed Part requires repair.
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Rotable Part means a new or used Serviceable part drawn from a common pool of parts used to support multiple customers, which replaces a like part requiring repair.
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Rotable Part means a Spare Part or Appliance that wears over time and can be repeatedly restored to a serviceable condition over a period approximating the life of the flight equipment to which it relates.
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Examples of Rotable Part in a sentence

  • Any Rotable Part which replaces a Copa part shall meet or exceed the modification standard of the Copa part.

  • Expendables” as provided in Section 3 of this Schedule 2.01(a)(1), each Rotable Part or Expendable Part has a set value by part number specified in the “MASTERPARTNUMBER” column (“3.

  • If as of the Closing Determination, such Rotable Part or Expendable Part has changed its applicable Condition Code in accordance with the Company’s maintenance program from the Condition Code as of the Initial Determination, then, for purposes of the Closing Determination the Asset Value of such Rotable Part or Expendable Part will be adjusted to reflect its then current Condition Code as reflected in the relevant “VAL EA” column (“3.

  • Unless otherwise specified on the Tangible Asset List, such Rotable Part is in a certain condition which is specified in the “STANDARDIZED COND” column (“3.

  • Each Rotable Part will have all applicable records and documentation in accordance with Seller’s maintenance program to confirm the Condition Code.

  • If such Rotable Part is missing parts or Required Documents and Seller cannot replace such parts or Required Documents, then Buyer may exclude such Rotable Part from the Included Assets.

  • Rotables”) depending on the Condition Code of the applicable Rotable Part.

  • Such Rotable Part is complete, with all parts and accessories (based on the specified configuration) attached and with all applicable Required Documents included.

  • Rotables”), provided, however, that if no price is specified in the Tangible Asset List for such Rotable Part applicable to such then-current Condition Code, then Buyer may elect to include such Rotable Part as a Reappraisal Item.

  • If Buyer elects to exclude such item, then the Aggregate Asset Value at the Closing Determination and the Final Determination shall not include the Initial Determination with respect to such Rotable Part.


More Definitions of Rotable Part

Rotable Part has the meaning given to such term in paragraph 2 of Schedule 2.01(a)(1).
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Rotable Part means any Part used as a replacement of another Part taken from the Supplies for the purpose of expediting the Services.
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Related to Rotable Part

  • Permeable pavement means paving material that absorbs water or allows water to infiltrate through the paving material. Permeable pavement materials include porous concrete, permeable interlocking concrete pavers, concrete grid pavers, porous asphalt, and any other material with similar characteristics. Compacted gravel shall not be considered permeable pavement.

  • Excavator means any person performing excavation or blasting.

  • Loose-fitting facepiece means a respiratory inlet covering that is designed to form a partial seal with the face.

  • co-pilot means a pilot operating other than as pilot-in-command, on an aircraft for which more than one pilot is required, but excluding a pilot who is on board the aircraft for the sole purpose of receiving flight instruction for a licence or rating.

  • Bicycle lane means that portion of a roadway designated by signs and/or pavement markings for