Depreciation Charges definition

Depreciation Charges means, for purposes of the Group V Lease (a) with respect to any Group V Type I Repurchase Vehicle, the scheduled monthly depreciation charge set forth by the Manufacturer in its Repurchase Program for such Vehicle with respect to such Vehicle calculated on a daily basis and (b) with respect to any Group V Type II Repurchase Vehicle, the monthly depreciation charge set forth in the related Depreciation Schedule; provided, however, that for purposes of Group V Type II Repurchase Vehicles, Depreciation Charges shall be a rate that is at least equal to 1.50% per month. If such charge is expressed as a percentage, the Depreciation Charge for such Vehicle shall be such percentage multiplied by the Capitalized Cost for such Vehicle calculated on a daily basis. For any Vehicle not held for a full Related Month in the month of acquisition or disposition, the Depreciation Charge shall be prorated by multiplying the applicable Depreciation Charge by a fraction, the numerator of which is the number of days from the date depreciation commences (in accordance with the applicable Repurchase Program or Depreciation Schedule) with respect to such Vehicle to the first day of the next month and the denominator of which is the number of days in such month. For the month in which a Repurchase Vehicle is turned back to the applicable Manufacturer, the Depreciation Charge shall be prorated by multiplying the applicable depreciation amount by a fraction, the numerator of which is the number of days from the first day of such month to the Turnback Date for such Vehicle and the denominator of which is the number of days in such month. In the event a Vehicle is sold to a third party, the Depreciation Charge shall be prorated by multiplying the applicable Depreciation Charge by a fraction, the numerator of which is the number of days from the first day of such month to the date proceeds were received on the sale of such Vehicle and the denominator of which is the number of days in such month.

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Depreciation Charges means, with respect to each Vehicle for -------------------- any single month, the product of (i) the Depreciation Rate for such Vehicle multiplied by (ii) the Capitalized Cost of such Vehicle, and if such Depreciation Charge is to be calculated for any period shorter than one month, such product (x) multiplied by the number of days in such period and (y) divided by 30.

Depreciation Charges means the Net Cost of a Capital Improvement divided by its Useful Life. Depreciation Charges may be imposed in accordance with Subsections 604(A)(ii), 605(A)(v) and 606(A)(iv) only for Capital Improvements that are undertaken pursuant to Subsection 705(A)(i)-(vii) and that are not funded from Bond proceeds.

Examples of Depreciation Charges in a sentence

Each Servicer and the Master Servicer agree that the scheduled daily depreciation charge with respect to Non-Program Vehicles leased under this Lease shall be established such that the weighted average Depreciation Charges accruing with respect to each Non-Program Vehicle during each Related Month shall be at least equal to 1.0%.
In addition, each Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, such information as may be required to determine the monthly Depreciation Charges applicable to such Vehicles.
The “Monthly Base Rent” for each Payment Date and each ZVF Vehicle shall be the sum of all Depreciation Charges that have accrued with respect to such ZVF Vehicle during the Related Month, as adjusted in accordance with Section 4.4.
The Servicer agrees that the Depreciation Schedules with respect to Non-Program Vehicles leased under this Lease shall be established such that the weighted average Depreciation Charges accruing with respect to the Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition shall have been satisfied.
The Servicer agrees that the Depreciation Schedules with respect to Non-Program Vehicles leased under this Lease shall be established such that the weighted average Depreciation Charges accruing with respect to the Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Series of Group I Notes shall have been satisfied.
The “Monthly Base Rent” for each Payment Date and each Vehicle shall be the sum of all Depreciation Charges that have accrued with respect to such Vehicle during the Related Month, as adjusted in accordance with Section 4.4.
For purposes of determining the Depreciation Charges due and payable in U.S. dollars, the exchange rate shall be determined at the date on which such amount is remitted by JSG, as reported by the Wall Street Journal (or similar or successor publication if the Wall Street Journal is no longer published).
In addition, the Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, and on the related Vehicle Finance Lease Commencement Date, in the case of any Franchisee Vehicle leased hereunder, such information as may be required to determine the monthly Depreciation Charges applicable to such Vehicle.
The Servicer shall determine the amount of the payments made by the Lessees or the Guarantor under the Lease and deposited into the Collection Account that are properly characterized as GM Past Due Monthly Depreciation Charges or Monthly GM Mileage Charges in accordance with the Lease Annex and the Servicer shall deliver an Officer’s Certificate of the Servicer to the Trustee and the Issuer certifying the amount, if any, of any such payments.
The Lessor agrees that the Depreciation Schedules with respect to ZVF Vehicles leased under this Agreement shall be established such that the Depreciation Charges accruing with respect to each ZVF Vehicle during each Related Month shall be based on a percentage at least equal to 1.67% or such lower percentage in respect of which the Rating Agency Condition with respect to each Series of Notes Outstanding shall have been satisfied.

More Definitions of Depreciation Charges

Depreciation Charges means the annual non-cash deduction from the Operating Income for the use of fixed assets that are

Depreciation Charges means, for purposes of the Group IV Master Lease (a) with respect to any Group IV Type I Repurchase Vehicle, the scheduled monthly depreciation charge set forth by the Manufacturer in its Repurchase Program for such Vehicle with respect to such Vehicle and (b) with respect to any Group IV Type II Repurchase Vehicle or Group IV Non-Repurchase Vehicle, the monthly depreciation charge set forth in the related Depreciation Schedule; provided, however, that for purposes of Group IV Type II Repurchase Vehicles and Group IV Non-Repurchase Vehicles, Depreciation Charges shall be a rate that is at least equal to 1.50% per month. If such charge is expressed as a percentage, the Depreciation Charge for such Vehicle shall be such percentage multiplied by the Capitalized Cost for such Vehicle calculated on a daily basis. For any Vehicle not held for a full Related Month in the month of acquisition or disposition, the Depreciation Charge shall be prorated by multiplying the applicable Depreciation Charge by a fraction, the numerator of which is either (a) in the case of an acquisition, the number of days from the date depreciation commences (in accordance with the applicable Repurchase Program or Depreciation Schedule) with respect to such Vehicle to the first day of the next month or (b) in the case of a disposition, the number of days from the first day of such month to the Turnback Date for such Vehicle and the denominator of which is, in each case, the number of days in such month. For the month in which a Repurchase Vehicle is turned back to the applicable Manufacturer, the Depreciation Charge shall be prorated by multiplying the applicable depreciation amount by a fraction, the numerator of which is the number of days from the first day of such month to the Turnback Date for such Vehicle and the denominator of which is the number of days in such month. In the event a Vehicle is sold to a third party, the Depreciation Charge shall be prorated by multiplying the applicable Depreciation Charge by a fraction, the numerator of which is the number of days from the first day of such month to the date proceeds were received on the sale of such Vehicle and the denominator of which is the number of days in such month.

Depreciation Charges means the annual non-cash deduction from the Operating Income for the use of fixed assets that are subject to exhaustion, wear and tear and obsolescence during their employment in a Mining Operation. Its applicability and computation are regulated by existing taxation laws, the Mining Act and the IRR. Incentives relating to depreciation allowance shall be in accordance to the provisions of the Mining Act and the IRR.

Depreciation Charges means, (a) with respect to any Pledged Vehicle that is an Eligible Repurchase Vehicle, the scheduled monthly depreciation charge set forth by the Manufacturer in its Repurchase Program for such Pledged Vehicle calculated on a daily basis and (b) with respect to any Pledged Vehicle that is a Non-Repurchase Vehicle, the monthly depreciation charge set forth in the related Depreciation Schedule. If such charge is expressed as a percentage, the Depreciation Charges for such Pledged Vehicle shall be such percentage multiplied by the Capitalized Cost for such Vehicle, calculated on a daily basis. For any Pledged Vehicle not held for a full Related Month in the month of acquisition or disposition, the Depreciation Charges shall be prorated by multiplying the otherwise applicable Depreciation Charges by a fraction, the numerator of which is the number of days from the date depreciation commences (in accordance with the applicable Repurchase Program, if such Pledged Vehicle is an Eligible Repurchase

Depreciation Charges means for any Person for any period the aggregate of (i) depreciation expense as reflected in the Company's combined statement of income for such period in accordance with generally accepted accounting principles consistently applied plus (ii) in the case of property leased pursuant to operating leases, the average of the amount described in clause (A) in the Operating Lease Schedule for such year and in the Operating Lease Schedule for the preceding year.