Fixed Asset Component Clause Samples

Fixed Asset Component. (x) if no Reappraisal has been delivered to Agent, Ten Million Seven Hundred Forty-Two Thousand Dollars ($10,742,000) reduced by Three Hundred Twenty Thousand Dollars ($320,000) on each May 1, August 1, November 1, and February 1 occurring after the Closing Date, commencing May 1, 2005, or (y) if the Reappraisal has been delivered to Agent, the sum of (i) the Maximum Fixed Asset Amount multiplied by the Equipment Ratio multiplied by the Equipment Percentage plus (ii) the Fixed Asset Maximum Amount multiplied by the Real Property Ratio multiplied by the Real Property Percentage, determined as of each May 1, August 1, November 1 and occurring after the Closing Date. GAAP — generally accepted account principles in the United States of America in effect from time to time. Gross Availability — as of any date, the excess (if any) of the Collateral Borrowing Base as of such date over the sum of the principal amount of the Revolving Loans then outstanding (including any amounts which Agent may have paid for the account of Borrower pursuant to the Loan Documents and which have not been reimbursed by Borrower) and the LC Amount.
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Fixed Asset Component. Civil construction of: o About 7.5 km of elevated double track metro line; o About 14.5 km of underground double track metro line including switch over ramp; o 6 elevated and 12 underground stations, together with related intermodal connections; o Metro-car storage depot cum maintenance workshop at Kothanur of about 13.35 hectares approx.. • Supply, installation, Testing & Commissioning of : o Power supply system including two new Receiving sub-stations (Nagavara Station and Kothanur depot), about 12 and 12.5 km of 66 kV UG cable for both Traction & Non-Traction distribution system; o Signalling Train Control system based on Communication Based Train Control (CBTC); o Telecommunication system on fibre optic backbone, SCADA, train radio, passenger information and surveillance viz., CCTV system; o Mechanical and Electrical systems including earthing, lighting, fire management, ventilation and AC, water and wastewater, security, escalator/lifts; o Automated Fare Collection system with Token and Contactless Smart Card Tickets and; o Platform screen gates and Platform screen doors.
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Fixed Asset Component. Upon receipt of the Canadian Fixed Asset Component Limit Notice, the Canadian Administrative Agent shall distribute the Canadian Fixed Asset Component Limit Notice to the Canadian Revolving Lenders. Upon receipt of the US Fixed Asset Component Limit Notice, the Administrative Agent shall distribute the US Fixed Asset Component Limit Notice to the US Revolving Lenders. After the Canadian Administrative Agent and the Administrative Agent (as applicable) have established the initial Canadian Fixed Asset Component and the Canadian Fixed Asset Amortization Amount and the initial US Fixed Asset Component and the US Fixed Asset Amortization Amount (as applicable), the Canadian Administrative Agent and the Administrative shall provide written notice of such amounts to the Borrower Representatives and the Canadian Revolving Lenders and the US Revolving Lenders (as applicable).
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Related to Fixed Asset Component

  • Fixed Assets 12 2.10. Change in Financial Condition and Assets...........................................12 2.11.

  • Appraised Value If an Objecting Party objects in writing to the Initial Valuation within ten (10) days after its receipt of the Valuation Notice, the Objecting Party, within fourteen (14) days from the date of such written objection, shall engage an Independent Appraiser (the “First Appraiser”) to determine within thirty (30) days of such engagement the Fair Market Value of the Partnership Interests (the “First Appraised Value”). The cost of the First Appraiser shall be borne by the Objecting Party. If the First Appraised Value is at least eighty percent (80%) of the Initial Value and less than or equal to one hundred twenty percent (120%) of the Initial Value, then the Purchase Price shall be the average of the Initial Value and the First Appraised Value. If the First Appraised Value is less than eighty percent (80%) of the Initial Value or more than one hundred twenty percent (120%) of the Initial Value, then the Partnership and the Objecting Party shall, within fourteen (14) days from the date of the First Appraised Value, mutually agree on and engage a second Independent Appraiser (the “Final Appraiser”). The cost of the Final Appraiser shall be borne equally by the Partnership and the Objecting Party. The Final Appraiser shall determine within thirty (30) days after its engagement the Fair Market Value of the Partnership Interests, but if such determination is less than the lesser of the Initial Value and the First Appraised Value then the lesser of the Initial Value and the First Appraised value shall be the value or if such determination is greater than the greater of the Initial Value and the First Appraised Value then the greater of the Initial Value and the First Appraised Value shall be the value (the “Final Valuation”). The Purchase Price shall be equal to the Final Valuation and shall be final and binding upon the parties to this Agreement for purposes of the subject transaction.

  • Calculations Respecting Mortgage Loans Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator as supplied to the Securities Administrator by the Master Servicer. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer or any Servicer.

  • Maintenance of Total Unencumbered Assets The Company and its Subsidiaries will maintain at all times Total Unencumbered Assets of not less than 200% of the aggregate outstanding principal amount of the Unsecured Debt of the Company and its Subsidiaries on a consolidated basis.

  • Computer Equipment Recycling Program If this Contract is for the purchase or lease of computer equipment, then Contractor certifies that it is in compliance with Subchapter Y, Chapter 361 of the Texas Health and Safety Code related to the Computer Equipment Recycling Program and the Texas Commission on Environmental Quality rules in 30 TAC Chapter 328.