Excess property definition
Excess property means that portion of a parcel of improved or unimproved real property controlled by the state of Missouri, which is temporarily vacant or is not fully utilized by the holding agency; and
Excess property means personal property that is still usable but is no longer needed in a school building or instructional program or administrative office and is not required as a trade-in on a replacement purchase.
Excess property means any property that has a remaining useful life but which is no longer required by the using agency in possession of the property.
Examples of Excess property in a sentence
This Section 4.16 does not apply to (i) any Excess Property, (ii) any Shared Facilities Arrangement effected pursuant to and subject to a Shared Facilities Agreement or (iii) the ▇▇▇▇▇▇ Sale Leaseback Arrangements or any amendment, modification, or replacement of the foregoing.
More Definitions of Excess property
Excess property means any property under the control of any Executive agency that is not required for the agency’s needs or the discharge of its responsibilities, as determined by the head of the agency pursuant to 40 U.S.C. 524.
Excess property means usable and unusable items that have been replaced or that have become obsolete. It also includes Fixed Assets in excess of current requirements of the Custodial Units, or which is damaged, inoperable, or not economical for the Custodial Units to repair and maintain.
Excess property means Department-owned real property, of any value, located outside of the current operating right of way limits and not needed to support existing transportation facilities. This may include uneconomic remnants, additional Section 337.27(2), Florida Statutes, whole takes, and excess property created when design or construction requirements change after acquisition, or voluntarily acquired remainders. This property may be needed for future transportation purposes.
Excess property means any personal property under the control of any Federal agency that is no longer required for that agency’s needs or responsibilities, as determined by the agency head or designee.
Excess property generally means personal property no longer in use or needed at a specific location and, in all likelihood, the condition or nature of such can be used to satisfy an existing need within the District.
Excess property means property which exceeds the requirement of the department or agency to which the property is assigned.
Excess property means (x) any right, title or interest in real property of any kind held by any Company Party and that are not reasonably expected to be required for such Company Party to perform its obligations under the Datacenter Lease (as determined by the Issuer in good faith) and (y) any interconnection capacity (measured in megawatts) not allocated to the Datacenter Lease (as determined by the Issuer in good faith), and all other assets or rights of the Company Parties and/or the Project, as applicable, that are directly related to such unallocated capacity, including, without limitation, any Excess Capacity Assets.