Depreciation Method. With respect to all depreciable assets of the Partnership, the General Partner shall elect to use such depreciation method for Federal tax purposes as it deems appropriate and in the best interests of the Partners generally.
Depreciation Method. Xxxx-Xxxx, as the general partner of MCRLP, covenants and agrees that MCRLP and its affiliates will use the "traditional method with curative allocations" (as defined in Treasury Regulations Section 1.704-3(c)) of allocating income, gain, loss and deduction to account for the variation between the fair market value and adjusted basis of the Property for federal income tax purposes with respect to (i) the contribution of the Property, and (ii) any revaluation of the Property in accordance with the provisions of Treasury Regulations Sections 1.704-1(b)(2)(iv)(f), 1.704-1(b)(2)(iv)(g) and 1.704-3(a)(6).
Depreciation Method. 200% declining balance method, switching to straight line method for the first taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Depreciation Method. The Company acknowledges that it is aware of the provisions of Section 168(g) of the Code and that it will comply with said provisions, if and to the extent the same are applicable. [END OF ARTICLE II]
Depreciation Method. 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance. b. Recovery Period: five (5) years. c. Basis: 100% of Capitalized Lessor's Cost.
Depreciation Method. No US Borrower shall, nor shall it permit any of its Subsidiaries to, change its method of calculating depreciation with respect to the preparation of the financial information set forth in the Financial Statements except as required by GAAP, the independent accountants of any US Borrower or any of its Subsidiaries, the SEC or any other Governmental Authority having jurisdiction over such US Borrower or such US Subsidiary.
Depreciation Method. No Credit Party shall, nor shall it permit any of its Subsidiaries to, change its method of calculating depreciation with respect to the preparation of the financial information set forth in the Financial Statements except as required by GAAP, the independent accountants of any Credit Party, the SEC or any other Governmental Authority having jurisdiction over such Credit Parties.
Depreciation Method. (commencing in Lessor’s taxable year which includes the Acceptance Date) 200% declining balance method, switching to straight line method for the first taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year would yield a larger allowance.
Depreciation Method. Damage to or loss of property/good is valued at the cost of restoration based on the property/good's market value. By market value is meant the market value of the property/good at a certain time, taking into account the property/good's age and condition at the time of the damage. The property/good is valued according to the table below. Omocom calculation is based on what it costs in general trade to buy a new one if the property/good existed, or what it probably would have cost. From that cost, Omocom reduces its value due to age, wear and tear, obsolescence and/or other circumstances. Omocom is responsible for the damage cost after any age deduction. Property/Goods Age from new Age deduction per acquisition (without year thereafter, (%) age deduction) Computers, mobile phone, tablets, smartphones 6 months 20 % Motorised machines and measuring instruments 2 years 20 % Digital camera, Camera, GPS, other electronic or optical equipment 2 years 20 % Tools, garden tools and motorised garden tools as well as textiles and high-pressure washing machines etc. 2 years 20 % Bicycles, skis, golf equipment and other sports and camping equipment, prams/strollers 1 year 20 % Shoes, clothes and clothing accessories 1 year 50 % For objects not listed in the table above, the fair value is determined at the property/good's acquisition value less depreciation through age, wear and tear, obsolescence, reduced usability or other circumstances.
Depreciation Method. The damage valuation amount shall be limited to the vehicle’s market value in Sweden immediately before the damage. This shall also apply to parts of the vehicle and insured equipment. For tyres less than five years old, an age deduction of 20 percent shall be applied for each 10 000 kilometres driven. No compensation shall be paid for tyres more than five years old. If the market value of certain equipment cannot be determined, a new acquisition value shall be applied according to the table below. Category Level of compensation as percentage of new price in general trade Property 0-12 months 1-2 years 2-3 years 3-4 years Then Audio, video, and navigation equipment 100% 80% 70% 60% 25% Battery 100% 70% 50% 25% 0% Roof box, roof rack and additional lights 100% 70% 60% 50% 20% Child seat 100% 80% 70% 60% 50% Alloy wheels 100% 70% 60% 50% 20% 12. Limitation period Anyone seeking insurance compensation or other insurance cover must bring an action within ten years of the date on which the event giving rise to the right to such cover under the insurance contract occurred. Note: The owner must repair stone chips within 30 days for the insurance to be valid. If the claimant has submitted the claim to Omocom within the period referred to in the first subparagraph, the time limit for bringing an action shall always be at least six (6) months from the date on which Omocom has declared that they have taken a final decision on the claim. The right of insurance cover is lost if no action is brought according to this paragraph.
