Tank replacement definition

Tank replacement means any modernization or modification of a tank at a site which includes the removal of the existing tank and the installation of a new tank.
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Tank replacement means replacement of one or more stationary storage tanks at an existing retail service station or excavation of 50 percent or more existing retail service station's total underground liquid piping from the stationary storage tanks to the gasoline dispensers.
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Examples of Tank replacement in a sentence

  • Cedar Tank – GM Lawler updated the Board on the Cedar Hill Tank replacement project.

  • Bond Counsel will express no opinion regarding any such other tax consequences.

  • Tank replacement and repairs are confined to the original tank footprints generally using the same foundation.

  • Judge Winters states that the allegations set forth in Paragraph 44 consist of legal assertions to which no response is required at this time.

  • When a lessor institution enters into a lease that has all the characteristics of a direct financing lease but where a long-term creditor provides nonrecourse financing to the lessor, the transaction shall be accounted for as a leveraged lease.

  • Tank replacement warranty covers only the tank for leaks caused by corrosive effects of water under "normal conditions" within the water chemistry limits.

  • Examples include:o Wastewater Treatment contacts;o Storm Water project contacts;o Petroleum Storage Tank replacement contacts;o Solid Waste project contacts;• Attending the New Mexico Infrastructure Finance Conference, the Local Government Division Conference, and the New Mexico Municipal League Conference;• Utilizing NMED’s Twitter account;• Placing legal notices in newspapers statewide announcing application cycle;• Creating an open year−round application cycle.

  • In conjunction with Texas Community Development Block Grant (TxCDBG) Contract No. 727135 (ORCA Septic Tank replacement grant) award the Guadalupe County On-Site Septic Facilities (OSSF) installation grant assistance to and enter into a Homeowner Assistance Agreement with resident at 1635 Poplar St., San Marcos, TX 78666.

  • Tank replacement cost will total approximately 3.1 million dollars.

  • Report to include funding planning for meters and longer-term planning for Mnt Defiance Tank replacement, water transmission upgrades (to reduce dependence on Baldwin Road), and other distributions system upgrades.

Related to Tank replacement

  • Capital Replacement means the replacement of those items listed on Exhibit F.

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Benchmark Replacement means, with respect to any Benchmark Transition Event, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Replacement Airframe means any airframe substituted for the Airframe pursuant to Article IV of the Trust Indenture.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.

  • Qualified Replacement Mortgage A Home Equity Loan substituted for another pursuant to Section 3.04, 3.05(b) or 3.06(b) hereof, which (i) has a Coupon Rate at least equal to the Coupon Rate of the Home Equity Loan being replaced, (ii) is secured by Property that is of the same or better property type as, or is a single family dwelling and the same or better occupancy status as, the Property securing the Home Equity Loan being replaced or is a primary residence, (iii) shall mature no later than the latest Final Scheduled Distribution Date with respect to the related Home Equity Loan Group, (iv) has a Loan-to-Value Ratio as of the Replacement Cut-Off Date no higher than the Loan-to-Value Ratio of the replaced Home Equity Loan at such time, (v) shall be of the same or higher credit quality classification (determined in accordance with the Seller’s credit underwriting guidelines set forth in the Seller’s underwriting manual) as the Home Equity Loan which such Qualified Replacement Mortgage replaces, (vi) shall be a First Mortgage Loan if the Home Equity Loan which such Qualified Replacement Mortgage replaces was a First Mortgage Loan and shall be a First Mortgage Loan or Second Mortgage Loan if the Home Equity Loan which such Qualified Replacement Mortgage replaces was a Second Mortgage Loan, (vii) has an outstanding principal balance as of the related Replacement Cut-Off Date equal to or less than the outstanding principal balance of the replaced Home Equity Loan as of such Replacement Cut-Off Date, (viii) shall not provide for a “balloon” payment if the related Home Equity Loan did not provide for a “balloon” payment (and if such related Home Equity Loan provided for a “balloon” payment, such Qualified Replacement Mortgage shall have an original maturity of not less than the original maturity of such related Home Equity Loan), (ix) shall be a fixed rate Home Equity Loan if the Home Equity Loan being replaced is in Group I or an adjustable rate Home Equity Loan if the Home Equity Loan being replaced is in Group II, (x) satisfies the criteria set forth from time to time in the definition thereof at Section 860G(a)(4) of the Code (or any successor statute thereto) and applicable to the Trust, (xi) satisfies the representations and warranties set forth in Section 3.04(b) hereof, (xii) shall not be 30 days or more Delinquent and (xiii) if such Home Equity Loan being replaced is in Group II, shall adjust based on the same index as, have no lower margin than, have the same interval between adjustment dates as and have a maximum Coupon Rate no lower than, and a minimum Coupon Rate no lower than, the Home Equity Loan being replaced.

  • Replacement Assets means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting Stock of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted Subsidiary.

  • Eligible Replacement means an entity (A) that satisfies the definition of Hedge Counterparty Ratings Requirement, set forth in Part 5(f)(ii) above or (B) whose present and future obligations owing to Party B are guaranteed pursuant to an Eligible Guarantee provided by a guarantor which satisfies paragraph (b) of the definition of Hedge Counterparty Ratings Requirement.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Replacement Facility means 1 of the following:

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • Replacement unit means a landfill, surface impoundment, or waste pile unit (1) from which all or substantially all of the waste is removed, and (2) that is subsequently reused to treat, store, or dispose of hazardous waste. “Replacement unit” does not apply to a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with an approved closure plan or EPA or State approved corrective action.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Replacement Loans has the meaning specified in Section 10.01.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.

  • Alternative fuel vehicle means a vehicle designed to be capable of running on at least one type of fuel that is either gaseous at atmospheric temperature and pressure, or substantially non-mineral oil derived.

  • Replacement Candidate means any Candidate Introduced by the Agency to the Client to fill the Engagement following the Introduction of another Candidate whose Engagement either did not commence or was terminated during the first 12 weeks of the Engagement;

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Replacement shall have the meaning assigned to it in Section 4.8.

  • Replacement Services means any services which are substantially similar to any of the Services and which the Customer receives in substitution for any of the Services following the Call Off Expiry Date, whether those services are provided by the Customer internally and/or by any third party;