Valuation of assets in the equipment Sample Clauses

Valuation of assets in the equipment class Valuation of machineries and equipment mainly adopts the cost method, which is used to determine the appraised value of machineries and equipment through estimating the updated replacement cost of brand new machineries and equipment, with the deduction of the actual depreciation, functional depreciation, and economic depreciation on the basis of its determined comprehensive newness rate. The calculation formula adopted in the valuation is as follows: Appraised value = full replacement value × newness rate In which: replacement value of equipment generally consists of all reasonable direct and indirect costs required for repurchasing or constructing brand new assets of the same functions with the appraised entity, such as purchase price, transportation and miscellaneous cost, equipment foundation cost, installation and testing cost, preliminary cost and other cost as well as capital cost. Pursuant to the “Provisional Regulations of the PRC on Value-Added Tax (中華人民共和國增值稅暫行條例)” (Order No. 538 of the State Council of the PRC), starting from 1 January 2009, companies in relevant industries shall adopt consumption value-added tax system to replace production value-added tax system. Under the new system, value-added tax contained in the fixed assets purchased by a company will be deductible in the incremental value-added tax paid for the sale of the company’s products or can be carried forward to next year if not deductible in current year. Therefore, the full replacement price is calculated based on the tax exclusive price in this valuation.
Sample 1
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Related to Valuation of assets in the equipment

  • Disposition of Assets To sell, exchange, lend, pledge, mortgage, hypothecate, write options on and lease any or all of the assets of the Trust;

  • Distribution of Assets In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining shareholders entitled to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise of this Warrant for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets which would have been payable to the holder had such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such distribution.

  • Use and Reversion of Assets The use and disposition of real property and equipment under this Agreement shall be in compliance with the requirements of 24 CFR Part 84 and 24 CFR 570.502, 570.503, and 570.504, as applicable, which include but are not limited to the following:

  • Property Inventory and Protection of Assets Grantee will;

  • REVERSION OF ASSETS (a) Upon expiration of the term of this Agreement, or upon any prior termination, Subrecipient shall transfer to City any funds provided hereunder which are on hand at the time of expiration or termination.

  • Liquidation of Assets We have the right to liquidate assets in your Xxxx XXX if necessary to make distributions or to pay fees, expenses, taxes, penalties, or surrender charges properly chargeable against your Xxxx XXX. If you fail to direct us as to which assets to liquidate, we will decide, in our complete and sole discretion, and you agree to not hold us liable for any adverse consequences that result from our decision.

  • Sale of Assets The Company or the Bank sells to a third party all or substantially all of its assets.

  • Purchase of Assets 11 3.1 Assets Purchased by Assuming Institution 11

  • TREATMENT OF ASSETS Title to all property furnished by COMMERCE shall remain in COMMERCE. Title to all property furnished by the Contractor, for the cost of which the Contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in COMMERCE upon delivery of such property by the Contractor. Title to other property, the cost of which is reimbursable to the Contractor under this contract, shall pass to and vest in COMMERCE upon (i) issuance for use of such property in the performance of this contract, or (ii) commencement of use of such property in the performance of this contract, or (iii) reimbursement of the cost thereof by COMMERCE in whole or in part, whichever first occurs.

  • Puts of Assets to the Receiver (a) Puts Within 30 Days After the Bank Closing Date. During the thirty (30)-day period following the Bank Closing Date and only during such period (which thirty (30)-day period may be extended in writing in the sole and absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any New Loans and any Deposit Secured Loan transferred to the Assuming Institution pursuant to Section 3.1 which is not fully secured by Assumed Deposits or deposits at other insured depository institutions due to either insufficient Assumed Deposit or deposit collateral or deficient documentation regarding such collateral; provided that with regard to any Deposit Secured Loan secured by an Assumed Deposit:

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