Expected Useful Life definition

Expected Useful Life means, with respect to each ACS Group Initial Aircraft, 25 years or, in the case of (i) any ACS Group Aircraft that undergoes an ACS Group Aircraft Conversion, 30 years or (ii) any other ACS Group Aircraft listed on Schedule 7, 30 years, and, with respect to any ACS Group Additional Aircraft (not including any ACS Group Additional Aircraft acquired by way of a contribution), the “Expected Useful Life” established by or pursuant to a Board Resolution or Guarantor Board Resolution, as applicable, or in any indenture supplemental hereto or to the Guarantor Indenture providing for the issuance of ACS Group Additional Securities to fund the acquisition of such ACS Group Additional Aircraft or ACS Group Aircraft Conversion (subject to the consent of the Policy Provider, the Initial Credit Facility Provider and receipt of a Rating Agency Confirmation, in the case of the issuance of the ACS Group Additional Securities).

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Expected Useful Life means, with respect to each Initial Aircraft, 25 years and, with respect to any Issuer Additional Aircraft, the "Useful Life" established by or pursuant to a Controlling Trustees' Resolution or in any indenture supplemental hereto providing for the issuance of Issuer Additional Notes funding the acquisition of such Additional Aircraft.

Expected Useful Life means the estimated number of years from the date on which

Examples of Expected Useful Life in a sentence

• Based upon observations, professional judgement and empirical data (Expected Useful Life), the ACP team will prioritize and categorize each deficiency.

• Operations $0 % Complete of Design: 0.0% As of Date: 05/12/2021 Expected Useful Life: 20 Years Project Name: District 9 Traffic Calming [NTIP] A.

• Ranking and Classification Based upon our observations, research and judgment, along with consulting commonly accepted empirical Expected Useful Life (EUL) tables; we will render our opinion as to when a system or component will most probably necessitate replacement.

• In the event that this Agreement is continued beyond the Expected Useful Life of the Cable System as defined herein, any Party may thereafter terminate this Agreement by giving the other Party a notice of not less than one (1) year.

• On the date that payment is due to the related contractor(s) for the Required Capital Expenditure (the “Capex Payment Date”), Tenant shall pay to such contractor(s) the first $3,000,000 of such actual cost of the Required Capital Expenditure; the “Remaining Monthly Cost” of such Required Capital Expenditure shall mean an amount equal to such actual cost after deducting $3,000,000 therefrom, divided by the Expected Useful Life of such Required Capital Expenditure.

More Definitions of Expected Useful Life

Expected Useful Life means the estimated number of years from the date on which such estimate is made until the date when, because of the effects of time, weather, stress or wear, a physical asset will become incapable of performing its intended function and will have to be replaced.

Expected Useful Life means, with respect to each Current Aircraft, 25 years from the date of manufacture (or, in the case of converted freighter aircraft, 15 years from the date of completion of the conversion to freighter configuration, or, in the case of Aircraft with manufacturer’s serial number 755 and manufacturer’s serial number 758, 30 years from the date of manufacture) and, with respect to any Additional Aircraft or an Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or Aircraft Conversion.

Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture (or, in the case of cargo aircraft, 30 years from the date of manufacture) and, with respect to any Additional Aircraft (not including any Additional Aircraft acquired by way of a contribution) or Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or such Aircraft Conversion (in any such case, subject to the consent of the Policy Provider and the receipt of a Rating Agency Confirmation).

Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture (or, in the case of converted freighter aircraft, 15 years from the date of completion of the

Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture and, with respect to any Additional Aircraft (not including any Additional Aircraft acquired solely by way of an Equity Contribution) or an Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or such Aircraft Conversion (in any such case, subject to the consent of the Policy Provider and the receipt of a Rating Agency Confirmation).

Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture except that any Initial Aircraft converted to freighter service shall have an Expected Useful Life of 15 years from the date of conversion and, with respect to any Issuer Additional Aircraft, the "Useful Life" established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Issuer Additional Notes funding the acquisition of such Additional Aircraft.

Expected Useful Life means the life of a capital asset over which it can be expected to meet the required performance given its operational requirements, including parameters such as climate, soil conditions, topography, utilisation, and operations and maintenance regime, and over which it will be productively used;