Renewal and Replacement definition

Renewal and Replacement means preservation, replacement, repairs, renewals and reconstruction or modification of the Tollway System or any part of it constituting real or personal property, whether leased or purchased, but does not include System Expansion Projects.

Renewal and Replacement or “R&R” means the systematic repairs and replacements that extend the life and retain the usable condition of a facility, component or system; the modification of a facility so as to reduce or eliminate functional obsolescence can be completed under this category;

Renewal and Replacement or “R&R” means the systematic repairs and replacements that extend the life and retain the usable condition of a facility, component or system; the modification of a facility so as to reduce or eliminate functional obsolescence can be completed under this category, but such costs have not been considered when developing the institutional calculation for R&R needs;

Examples of Renewal and Replacement in a sentence

• Resources include: - Notice of Funding Opportunity (NOFO) for Fiscal Year (FY) 2022 Continuum of Care Competition and Noncompetitive Award of Youth Homeless Demonstration Program Renewal and Replacement Grants; - 24 CFR part 578; - FY 2022 CoC Application Navigational Guide; - Section 3 Resources; - PHA Crosswalk; and - Frequently Asked Questions 1A-1.

• Resources include: - Notice of Funding Opportunity (NOFO) for Fiscal Year (FY) 2022 Continuum of Care Competition and Noncompetitive Award of Youth Homeless Demonstration Program Renewal and Replacement Grants; - 24 CFR part 578; - FY 2022 CoC Application Navigational Guide; - Section 3 Resources; - PHA Crosswalk; and - Frequently Asked Questions 1B-1.Inclusive Structure and Participation–Participation in Coordinated Entry.

• Resources include: - Notice of Funding Opportunity (NOFO) for Fiscal Year (FY) 2023 Continuum of Care Competition and Noncompetitive Award of Youth Homeless Demonstration Program Renewal and Replacement Grants; - 24 CFR part 578; - FY 2023 CoC Application Navigational Guide; - Section 3 Resources; - PHA Crosswalk; and - Frequently Asked Questions 1B-1.Inclusive Structure and Participation–Participation in Coordinated Entry.

• Resources include: - Notice of Funding Opportunity (NOFO) for Fiscal Year (FY) 2023 Continuum of Care Competition and Noncompetitive Award of Youth Homeless Demonstration Program Renewal and Replacement Grants; - 24 CFR part 578; - FY 2023 CoC Application Navigational Guide; - Section 3 Resources; - PHA Crosswalk; and - Frequently Asked Questions 1A-1.

• Operations, Capital and Financing FundsThe GTAA has established an Operating and Maintenance Reserve Fund and a Renewal and Replacement Reserve Fund pursuant to the Trust Indenture.

More Definitions of Renewal and Replacement

Renewal and Replacement means each renewal, replacement or improvement to the Project with a useful life of 12 or more months recommended in the most recent Engineer’s Report.

Renewal and Replacement means any renewal or replacement of the above-ground machinery, Equipment, structures, improvements or facilities constituting part of the Project identified in the Renewal and Replacement Schedule that (i) is not Maintenance and Repair, (ii) replaces or extends the life of the asset, and (iii) having a cost greater than $1,000.00 (excluding overhead, profit and all labor costs of the Company).

Renewal and Replacement means each renewal, replacement or improvement to the I- 25N Express Lanes (or any Operating Segment) of the type set forth in Schedule I to the Indenture that are recommended in the most recent Engineer’s Report.

Renewal and Replacement or "RR" means: component overhaul or replacement tasks. These are tasks that extend a component lifetime and reset the schedule of PM and minor repair tasks. These tasks tend to be more costly, infrequent and require specialized expertise and equipment.

Renewal and Replacement means any renewal or replacement of the machinery, Equipment, structures, improvements or facilities constituting part of the Wastewater Facilities identified in the Renewal and Replacement Schedule, including all labor costs, that (i) is not Maintenance and Repair, (ii) replaces or extends the life of the asset, and (iii) having a cost greater than $1,000.00.

Renewal and Replacement. FUND: the fund created pursuant to Section 509 of the Trust Agreement.

Renewal and Replacement means the removal and replacement of any item or any part, attachment, component, piece, element or aspect of any material, plant, equipment or any of its elements or any fitting or fixture attached thereto sufficient to return that item to a good sound acceptable safe working order/appearance/finish/condition/state fit for the purpose intended or originally used and able to fulfil its function.