Depreciation Amount definition

Depreciation Amount means as of any date of determination, an amount equal to: (a) with respect to Eligible Trucks, the product of: (i) 1.6666% of the Net Orderly Liquidation Value of the Eligible Trucks pursuant to the most recent Appraisal multiplied by (ii) the number of months since the latest Truck Appraisal Date; adjusted upwards for depreciation attributable to any Eligible Trucks acquired since the latest Truck Appraisal Date (calculated based on 1.6666% per month of the cost of such acquired Eligible Trucks) and adjusted downwards for any depreciation attributable to Eligible Trucks disposed of since the latest Truck Appraisal Date (calculated based on 1.6666% per month of the Net Orderly Liquidation Value of such disposed of Eligible Trucks) and (b) with respect to Eligible Machinery, the product of: (i) 1.6666% of the Net Orderly Liquidation Value of the Eligible Machinery pursuant to the most recent Appraisal multiplied by (ii) the number of months since the latest Machinery Appraisal Date; adjusted downwards for any depreciation attributable to Eligible Machinery disposed of since the latest Machinery Appraisal Date (calculated based on 1.6666% per month of the Net Orderly Liquidation Value of such disposed of Eligible Machinery).
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Depreciation Amount as of any date of determination, an amount equal to the product of (a) 1.6666% of the Net Orderly Liquidation Value of the Eligible Trucks pursuant to the most recent Appraisal multiplied by (b) the number of months since the latest Truck Appraisal Date; adjusted upwards for depreciation attributable to any Eligible Trucks acquired since the latest Truck Appraisal Date (calculated based on 1.6666% per month of the cost of such acquired Eligible Trucks) and adjusted downwards for any depreciation attributable to Eligible Trucks disposed of since the latest Truck Appraisal Date (calculated based on 1.6666% per month of the Net Orderly Liquidation Value of such disposed Eligible Trucks).
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Depreciation Amount means, as of any date of determination, an amount which is calculated from the first month commencing after the date on which the Origination Agent receives the most recent Qualified Appraisal equal to (i) the Net Orderly Liquidation Value of the Eligible Above Ground Equipment, the Eligible Below Ground Equipment or the Eligible Production Plant Components or the Appraised Value of the Eligible Real Property, as applicable, as set forth in the most recent Qualified Appraisal delivered to the Origination Agent, multiplied by (ii) the Applicable Depreciation Percentage.
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Examples of Depreciation Amount in a sentence

  • The Present Value Depreciation Amount shall be computed by discounting AEP’s anticipated tax depreciation deductions with respect to the constructed property by AEP’s current weighted average cost of capital.

  • Such detailed breakdown shall include, as applicable, the Lease Provider Acquisition Fee, Vehicle Capitalized Cost, Residual Value Percentage, Vehicle Residual Value, Vehicle Depreciation Amount, and Money Factor.

  • The Present Value of Tax Depreciation Amount shall be computed by discounting AEP’s anticipated tax depreciation deductions with respect to the constructed property by AEP’s current weighted average cost of capital.

  • For this purpose, Current Taxes shall be computed based on the composite federal and state income tax rates applicable to EDC at the time the Security Deposit is increased, determined using the highest marginal rates in effect at that time (the “Current Tax Rate”), and (ii) the Present Value Depreciation Amount shall be computed by discounting EDC’s anticipated tax depreciation deductions associated with such payments or property transfers by its current weighted average cost of capital.

  • Upon your receipt of the Property Value or the Depreciation Amount, you irrevocably release and discharge us, on your own behalf and on behalf of your insurer(s), from all liability for loss of or damage to the Property.

  • If you disagree with our opinion as to the determination of whether a Covered Loss results in a depreciation in value of less than 50% or 50% or more, or our opinion of the Depreciation Amount, we will solicit an appraisal from an independent expert recognized in the relevant field whose selection you approve in writing.

  • In the event of a Covered Loss, your sole remedy against us will be the payment of the Property Value or the Depreciation Amount and our obligation to compensate you shall not exceed the Property Value.

  • The Present Value of Tax Depreciation Amount shall be computed by discounting Host Transmission Owner’s anticipated tax depreciation deductions with respect to the constructed property by Host Transmission Owner’s current weighted average cost of capital.

  • The adjustments pursuant to clauses (A) and (B) above shall be made as reflected in Exhibit I in connection with the execution of this Agreement and at the request of any Original Class A Limited Partner to the extent necessary to allocate the Depreciation Amount under SECTION 6.2(h) hereof, but otherwise only if the General Partner reasonably determines that such adjustments are necessary or appropriate to reflect the relative economic interests of the Partners in the Partnership.

  • If the ST Inventory Value as of the Effective Time, as finally determined, plus the ST Inventory Depreciation Amount as of the Effective Time, as finally determined, is equal to or greater than the Minimum Committed ST Inventory Value, there shall be no adjustment in the ST Cash Consideration.


More Definitions of Depreciation Amount

Depreciation Amount means, as of any date of determination, an amount equal to the product of (a) 1.5742% of the orderly liquidation value of the Eligible Trucks of the Borrowing Base Contributors per the most recent Appraisal multiplied by (b) the number of months since the most recent Appraisal; adjusted upwards for depreciation attributable to any Eligible Trucks of the Borrowing Base Contributors acquired since the date of the most recent Appraisal (calculated based on 1.5742% per month of the cost of such acquired Eligible Trucks) and adjusted downwards for any depreciation attributable to Eligible Trucks of the Borrowing Base Contributors disposed of since the date of the most recent Appraisal (calculated based on 1.5742% per month of the orderly liquidation value of such disposed Eligible Trucks).
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Depreciation Amount means the cost of an asset or other amount substituted for cost, less its residual value
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Depreciation Amount means for each Partnership taxable year ending after the date hereof the lesser of (i) 100 percent of the amount of Depreciation for the Pool Properties and (ii) the amount of Depreciation for the Pool Properties that is required to be allocated to the Original Class A Limited Partners under SECTION 6.2(h) so that the depreciation and cost recovery deductions for Federal income tax purposes that are allocated to the Original Class A Limited Partners under SECTIONS 6.3(a) and 6.3(b) for the Partnership taxable year (after taking into account all adjustments under Code Sections 704(c) (or Code Section 704(c) principles), and adjustments under Code Section 734 (other than from liquidation of the Partnership pursuant to ARTICLE XIII or a Partner's Partnership Interest) in respect of the Original Class A Limited Partners equal the product of (a) the Depreciation Percentage times (b) the total depreciation and cost recovery deductions for Federal income tax purposes that are available to the Partnership with respect to the Pool Property Adjusted Tax Basis for the Partnership taxable year.
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Related to Depreciation Amount

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Depreciation and Amortization means for any period an amount equal to the sum of all depreciation and amortization expenses of the Borrower and its Consolidated Subsidiaries that are Guarantors for such period, as determined on a consolidated basis in accordance with GAAP.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Consolidated Depreciation Expense for any period means the depreciation expense of the Issuer and the Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.