Spare Parts Inventory definition

Spare Parts Inventory means spare parts capable of being used and affixed to, but not yet being use or affixed to, production machinery employed by any Borrower to create Inventory in the ordinary course of business. Spare Parts Inventory shall not include catalysts, refractory, production chemicals or emissions credits.

Spare Parts Inventory has the meaning given to it in Section 2.1.1(e).

Spare Parts Inventory has the meaning given such term in Section 3.1(a).

Examples of Spare Parts Inventory in a sentence

• O&M Contractor shall manage the Spare Parts Inventory in accordance with Section 4.4(a) of the Agreement, including storage, organization, and inventory tracking.

• At the end of the TCS Operations and Maintenance Term, the Spare Parts Inventory shall be fully stocked and complete (including substitution with suitable alternatives for any such Spare Parts that are obsolete).

• The Spare Parts Inventory Plan shall identify quantities of Spare Parts expected to be needed for the TCS and maintenance vehicles during each quarter of the Term, and shall be continually updated, taking into consideration the Spare Parts inventory on- hand at the Warehouse Facility, and a plan for dealing with any Spare Parts that may become obsolete.

• Spare Parts shall be procured, inventoried and stored at the Project Site (or secure Warehouse Facility approved by the Joint Board) by TSP in accordance with TR Section TO and the approved Spare Parts Inventory Plan.

• It is the intention of the parties that the Necessary Spare Parts Inventory be used and maintained during the Warranty Period in order for Supplier to fulfill its obligations under the OMS Agreement and the Warranty Agreement.

More Definitions of Spare Parts Inventory

Spare Parts Inventory all Inventory consisting of “parts and supplies” as shown on the balance sheet of the Company and its Subsidiaries but, for the avoidance of doubt, shall not include “work-in-progress” as shown on the balance sheet of the Company and its Subsidiaries.

Spare Parts Inventory means all Inventory consisting of parts and supplies held for sale, use or consumption in the ordinary course of the Borrowers' business and satisfactory to Agent in Agent's Permitted Discretion.

Spare Parts Inventory means the stock of spare parts to be maintained on site during the Term in accordance with the provisions of this Agreement.

Spare Parts Inventory means the replacement components and parts as set out in Part I of Schedule 1 and, the special tools and adaptor assemblies as set out in Part II of Schedule 1, as amended from time to time.

Spare Parts Inventory means all spare parts held for use in the operation of the Facility and located at the Facility as of the Closing Date.

Spare Parts Inventory means the inventory set out in Part 3 of Exhibit 4.

Spare Parts Inventory herein shall mean all spare parts owned by Seller.