Asset Cost definition
Asset Cost means, for each Collateral Loan included in the Collateral, the product of (i) the Purchase Price paid by the Borrower for such Collateral Loan times (ii) the Principal Balance of such Collateral Loan at such time.
Asset Cost means, for any asset, one twelfth of the sum of (i) depreciation expense plus (ii) the product of Book Value multiplied by 8%, allocated to such asset in accordance with the AUP for the Standard Calculation Period
Asset Cost means, as of any time of determination, the aggregate Contract Purchase Price of all Investments, all cash and cash equivalents, the Value of any marketable securities and all other tangible assets then held and recorded on the balance sheet of the Company.
Examples of Asset Cost in a sentence
The initial Subscription Fee set forth above in this Schedule for the [ ] Software is based on Client’s use of the [ ] Software to manage Client’s [Asset Cost with a value not to exceed $ ][or][Asset Inventory for up to components or parts].
Subject to the terms and conditions of this Agreement and the timely payment to Clockwork of the Subscription Fees, Clockwork hereby grants Client during the term of the applicable Schedule a limited, non-exclusive, non-sublicensable and non-transferable license to access and use the Software and Documentation via the Internet solely for Production Use for up to the Asset Cost or the Asset Inventory specified in the applicable Schedule.
More Definitions of Asset Cost
Asset Cost means the cost of the components or parts maintained in the Client’s inventory (whether owned by Client or a third party, and whether such inventory is maintained for Client’s own business or the business of a third party) which is tracked, recorded, maintained or managed using the Software. The Asset Cost shall be determined using the Software.
Asset Cost means, with respect to the Assets determined as of any date, the sum of the Acquisition Cost for such Assets and all Construction Advances (if any) made with respect to such Assets (including without limitation all Construction Advances made in accordance with Section 2(c) of the Asset Use Agreement) on or prior to such date of determination.
Asset Cost refers to the purchase price of the asset to the Borrower.
Asset Cost means the gross amount of consideration given up to acquire, construct, develop, or better an asset, and includes all costs directly attributable to acquisition, construction, development, betterment, replacement, or renewal of an asset, including installing the asset at the location and in the condition necessary for its intended use. Asset cost does not include amounts spent to maintain an asset in serviceable condition such that its useful life is not impaired.