Substitute Item definition
Substitute Item means an item that is the exactly the same. It performs to the same specifications, or better, is the same chemical composition, or of the same physical material, etc. though may be supplied by a different manufacturer. Substitute items may only accepted if allowed for in the bidding documents and then agreed in the contract documents.
Substitute Item or "Substitute Items" shall have the meaning assigned to such term in Section 4.7 of the Borrower Security Agreement.
Substitute Item means an item of Pledged Property of substantially similar value and utility to the item of Pledged Property it is intended to replace.