Depreciation. “Depreciation” shall mean, for each fiscal year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such year or other period, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis.
Appears in 5 contracts
Samples: Agreement (Beverage Packaging Holdings (Luxembourg) IV S.a r.l.), Agreement (Graham Packaging Acquisition Corp.), Costs and Expenses and Compensation (Graham Packaging Co Inc.)
Depreciation. “Depreciation” shall meanmeans, for each fiscal year Fiscal Year or other period, an amount equal to the depreciation, amortization amortization, or other cost recovery deduction allowable with respect to an asset for such year or other period, except that if the Gross Asset Value fair market value of an asset property contributed to the Company differs from its adjusted basis for federal income tax purposes at the beginning date of such year or other periodcontribution, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value fair market value as the federal income tax depreciation, amortization amortization, or other cost recovery deduction for such year or other period periods bears to such beginning adjusted tax basis.
Appears in 3 contracts
Samples: Operating Agreement (Rex Energy Corp), Operating Agreement (Rex Energy Corp), Limited Liability Company Agreement (Rex Energy Corp)
Depreciation. “Depreciation” shall mean" means, for each fiscal year or other period, an amount equal to the depreciation, amortization amortization, or other cost recovery deduction allowable allowable, if any, with respect to an a Company asset for such year or other period, except that if the Gross Asset Value fair market value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value fair market value as the federal income tax depreciation, amortization amortization, or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Depreciation. “Depreciation” shall meanmeans, for each fiscal year Fiscal Year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such year or other period, except that if the Gross Asset Value fair market value of an asset assets contributed to the Company differs from its adjusted basis for federal income tax purposes at the beginning date of such year or other periodcontribution, Depreciation shall will be an amount which bears the same ratio to such that beginning Gross Asset Value fair market value as the federal income tax depreciation, amortization or other cost recovery deduction for such year that Fiscal Year or other period bears to such that beginning adjusted tax basis.
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