Material and supplies definition

Material and supplies means all material and supplies owned or leased and used by a railroad company in the operation of a railroad, the costs of which may be partially or totally carried in accounts or an account of this type of property, as prescribed by the interstate commerce commission of the United States;
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Material and supplies means all material and supplies owned or leased and used by an airline in the conduct of its airline business, which material and supplies are located in New Mexico on January 1 of the tax year. Material and supplies located in New Mexico on January 1 of the tax year are valued in accordance with Section 7-36-33 NMSA 1978.
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Material and supplies means all materials, supplies and other tangible personal property not otherwise defined, including personal property inventories, to the extent they are excepted from the exemption under Section 7-36-8 NMSA 1978, which are on hand in New Mexico on January 1 of the tax year and used in the conduct of the water pipeline or public utility business for the purpose of transmitting, storing, measuring or distributing water for sale to the consuming public and owned by the water pipeline or public utility business; and
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Examples of Material and supplies in a sentence

  • The contractor will submit an itemized breakdown for each change that will include, but is not limited to, the following Material and supplies - quantities and unit prices.

  • The Parent Board shall taken all necessary corporate action to elect the directors set forth on Schedule 7.6 and appoint the executive officers set forth on Schedule 7.6 to be effective as of the Closing, and the Company shall have received resolutions of the Parent Board, in form and substance satisfactory to the Company, effecting such appointments effective as of the Closing.

  • Material and supplies ("Material") purchased or furnished by Manager for use on the Joint Property.

  • CBS agrees to sell to LM or LM's designated vendor CBS's Material and supplies used by CBS in the Manufacture of the Product and any inventory of the Product.

  • LABOR AND MATERIAL Subcontractor will furnish all supervision, labor, tools, power, transportation, Material and supplies specified in a Purchase Order except any items specifically listed as being furnished by SWBT or others.