How is Facilities or Equipment defined in a legal contract?
- Facilities or Equipment means buildings, structures, machinery or tools that play a significant role in a new project, only if their value points to a firm decision to start the project. Items used for feasibility, engineering, and design studies concerning the new project are not included. Seen in 33 SEC filings
- Facilities or Equipment means buildings, structures or machinery that form a vital part of a new project. Seen in 6 SEC filings
- Facilities or Equipment means a collection of various items such as pipes, valves, gauges and attachments which are set up in various designated areas and are used for distributing gas. Seen in 1 SEC filings
- Facilities or Equipment means buildings, structures, machines or tools that make up an important part of the new project and will be used in its operation, provided that these items hold such monetary value as to signify a strong commitment to build. Seen in 1 SEC filing
- Facilities or Equipment means pipes, tubes, valves, meters, regulators, attachments, structures and other related items that are used in gas distribution. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of facilities or equipment' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Facilities or Equipment means essential buildings, structures, machinery used within a project.
Relevant Contract Type
Relevant Circumstances
- New Building Construction
- Company Expansion
- Purchase or Lease of New Equipment
- Commencement of New Project
Relevant Sectors
Genie Definition 2
Facilities or Equipment means components such as pipes, valves, gauges, used for distributing gas.
Relevant Contract Type
Relevant Circumstances
- Construction of Gas Pipeline
- Natural Gas Distribution
- Exploration or Drilling Activities
- Construction or Expansion of Refinery
Relevant Sectors
Facilities or Equipment means essential buildings, structures, machinery used within a project
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