Capital Modification definition

Capital Modification means any material change, alteration, improvement, upgrade or modification of any of the Managed Assets, or any installation of new equipment or systems, including any of the foregoing that results from a replacement of any of the Managed Assets or the installation of new equipment, machinery, systems or other property at the Managed Assets.

Capital Modification means a material change, alteration, expansion, improvement or other modification to the physical assets constituting the Plant made after the Contract Date. Capital Modifications exclude ordinary and major maintenance, repairs and replacements.

Capital Modification means any material change to the Transfer Station or Drop-Box Sites including the installation of new structures, equipment, systems or technology following the Commencement Date.

Examples of Capital Modification in a sentence

• Illustrative calculations showing an example of such adjustment are shown in Table [ ] of Appendix 4 (Schedules Illustrating Plant Capacity Upgrade Capital Modification).

• An adjustment will be effective on the first day of the month following the date the Capital Modification resulting in the increase in Plant Capacity is Substantially Complete.

• Table [ ] of Appendix 4 (Schedules Illustrating Plant Capacity Upgrade Capital Modification) shows an illustrative projection of the Plant Capital Charge Component, based on the assumption that no adjustments are made to the City’s Annual Capital Charge Amount or to the Capital Charge Allocation Percentage.

• Illustrative calculations of such an adjustment are shown in Tables [ ] through [ ] of Appendix 4 (Schedules Illustrating Plant Capacity Upgrade Capital Modification).

• The City will keep the District apprised from time to time of any plans to undertake a Capital Modification to upgrade the Plant Capacity, and of any procurement and contracting process undertaken relating thereto.

More Definitions of Capital Modification

Capital Modification means any material change to any part of the physical assets constituting the Project occurring after the Occupancy Readiness Date, including the alteration, addition, demolition or extension of the physical assets constituting the Project or the installation of new structures, equipment, systems or technology. If a replacement of any part of the Project is made by the Developer under Article 9 (Operation and Maintenance), or a capital investment, improvement or modification required to be made by the Developer in order to remedy a Developer Event of Default, and can be reasonably expected to result in a material change to the physical assets constituting the Project, then such replacement, capital investment, improvement or modification shall constitute a Capital Modification.

Capital Modification means any material change to any part of the Project occurring after the Acceptance Date, including the installation of new structures, equipment, systems or technology, as addressed in Article 14 (Capital Modifications).

Capital Modification means any change to the scope of work for the design and construction of the Project in connection with the Reinstatement Works, and in particular, the value of the design services and construction materials, as context may require.

Capital Modification means any m aterial change, alteration, improvement, upgrade or modification of any of the Incineration Facilities or any installation of new equipmen t or systems, including any of the foregoing that results from a replacement of any of the Incineration Facilities (other than replacements in-kind) or the installation of new equipment, machinery, systems or other property at th e Incineration Facilities pursuant to the Lessee's responsibilities under Article VIII (other than replacements in kind). A "Capital Modification" shall include any modification of the Initial Capital Improvements, before, during or after their construction.

Capital Modification means, on any Site, any material change to any part of the physical assets occurring after a School Occupancy Readiness Date, including the alteration, addition, demolition, or extension of the physical assets constituting the Project or the installation of new structures, equipment, systems, or technology.

Capital Modification means any installation of new structures, equipment, systems or technology made with the WPCA’s prior approval to (i) advance or improve the operation or efficiency of the System, (ii) correct an Uncontrollable Circumstance, or (iii) to modify the System to comply with a Change in Law occurring during the Operation Period, the costs of which are properly accounted for as capital expenses rather than operating expenses.

Capital Modification means any material change to any part of the Project occurring after the Acceptance Date, including the installation of new structures, equipment, systems or technology, as addressed in Article 14 (Capital Modifications). Board of Water Supply, City and County of Honolulu Kalaeloa Seawater Desalination Facility Design-Build-Operate-Maintain Project Service Agreement Article 1 - Definitions and Interpretation ​