Useful Life. Customer acknowledges and agrees that Hardware is authorized for multiple uses, but shall not be reused longer than its useful life, which useful life is stated on the Oxford website at xxxx://xxx.xxxxxxxxxxxx.xxx or as otherwise stated on the Order. Customer acknowledges and agrees that Consumables are authorized for single use only in accordance with Documentation. Customer shall not use Consumables with products other than the Hardware. Customer shall use Consumables within the number of weeks following delivery that is posted by Oxford on its website for the particular type and mix of Consumables ordered and shall not use Consumables after such time. Customer acknowledges and agrees that the Goods will not be handled other than by qualified and trained Persons.
Useful Life. The Borrower hereby represents and warrants that, within the meaning of Section 147(a)(14) of the Code, the average maturity of the Governmental Lender Note does not exceed 120 percent of the average reasonably expected remaining economic life of the facilities being financed with the proceeds of the Governmental Lender Note.
Useful Life. If the Lessee shall not theretofore have exercised its option under section 13 to purchase the Undivided Interest and the Real Property Interest, then (i) if the Lessee shall not theretofore have exercised its option to renew the Lease pursuant to Section 12, on January 15, 2014, the Lessee shall initiate the Appraisal Procedure to determine the remaining Economic Useful Life of Unit 1 as of July 15, 2014 and (ii) an the Rent Payment Date occurring one year prior to the end of the Renewal Term, if any, the Lessee shall initiate the Appraisal Procedure to determine the remaining Economic Useful Life of Unit 1 as of the date six months prior to the end of the Renewal Term. The Lessee and the Lessor agree to use their best efforts to ensure that such determination of remaining economic useful life is made no later than July 15, 2014 (in the case of the first such determination) and six months prior to the end of the Renewal Term (in the case of the second such determination)
Useful Life. SANDAG and SUBRECIPIENT agree to comply with the FTA’s requirements for buses and certain other vehicles’ useful life requirements as described in FTA Circular 5010.1E, Chapter IV, as amended. Useful life of rolling stock begins on the date the vehicle is placed in revenue service and continues until it is removed from service. Minimum useful life for buses and light-duty vehicles is determined by years in service or accumulation of miles, whichever comes first. FTA defines the minimum useful life as follows: Light Duty Vehicle (Minivan) At least 4 years or 100,000 miles Medium-size, light-duty transit bus (approx. 25'-35') At least 5 years or 150,000 miles Medium-size, medium-duty transit bus (approx. 25'-35') At least 7 years or 200,000 miles