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.
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.
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).