Asset Plan definition
Examples of Asset Plan in a sentence
Assets purchased as part of the Server Asset Plan shall be owned or leased by Service Provider in Service Provider’s name.
The Server Asset Plan shall include all costs associated with the Server Equipment and System Software purchases including asset costs and applicable maintenance; shipping and handling costs including those associated with repair and replacement of distributed assets; Equipment disposal costs; and the costs of any other service that is ordinarily provided by an OEM or hardware dealer including, as applicable, burn-in, installation, setup, initial configuration and physical connection costs.
Service Provider personnel that are providing any of the foregoing services must not be included in the Server Asset Plan, but instead shall be included in the Server Support RU charges.
Service Provider shall present a Server Asset Plan to DIR 30 days after the completion of the initial wall to wall inventory and on an annual basis at least one hundred twenty (120) days prior to the end of each Contract Year.
For all STM Server, refresh requirement will be satisfied according to the schedule in Attachment 4-B, "STM Refresh" unless otherwise approved by DIR as part of the Ex 4 Server Asset Plan process.
Any proposal for the Disposal of any Property or part of any Property held by an Indirect Investment Vehicle, otherwise than in the case of a sale as provided for in the then current Business Plan or relevant Asset Plan.
Save where already approved by virtue of approval of the Business Plan or an Asset Plan, amending and renegotiating leases and entering into any agreements for lease and any lease with any tenant of the whole or any part of a Property (in each case including, but not limited to, the identity of any such tenant) or any material modification to any such lease.
Material capital expenditures, being any capital expenditure which is at least five per cent (5%) in excess of the operating and capital budget for the relevant item (if applicable) in relation to the relevant Property or as set out in the Business Plan or relevant Asset Plan.
The funds on deposit in the Capital Repair Fund will be used in accordance with the Capital Asset Plan as updated by the most recent Capital Report.
This process will also include a signoff and approval of the previous years Property Asset Plan and Operating Budget.