Net Property and Equipment definition

Net Property and Equipment means, with respect to the Company, the Consolidated property and equipment of the Company, net of accumulated depreciation, determined in accordance with GAAP.
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Net Property and Equipment means the Company’s and Subsidiaries’ combined real and personal property, including equipment, of the types treated as “property and equipment” under GAAP, net of reserves for depreciation established by the Company or Subsidiaries calculated in accordance and compliance with GAAP consistent with their respective past practices. A pro forma exemplar of Net Property and Equipment is attached as part of Exhibit 9.1.
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Net Property and Equipment means, with respect to the Statement of Net Assets and the Closing Date Statement of Net Assets, "Net Property and Equipment" as set forth thereon, determined in accordance with the Accounting Principles applied to determine "Net Property and Equipment" as set forth on the Statement of Net Assets.
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Examples of Net Property and Equipment in a sentence

  • The assets under capital leases recorded in Net Property and Equipment, net of amor- tization, totaled $213 million and $208 million at January 28, 2001 and January 30, 2000, respectively.

  • Property and Equipment, Net: Property and Equipment in excess of $1,000 and with an estimated useful life in excess of one year are capitalized at cost.

  • Our historical tower site asset costs continue to be depreciated and reported in Net Property and Equipment.

  • Property and Equipment, Net Property and Equipment, Net at December 31 Dollars in Thousands The depreciation expense was $55 million and $47 million for 2003 and 2002, respectively.

  • May 31, August 31, 2012 2011 Vehicles $ 12,000 $ -- Less: accumulated depreciation (1,518) -- Net Property and Equipment $ 10,481 $ -- ======== ======== NOTE 4 - GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern.

  • Property and equipment, at cost, consist of the following (in $000's): Computer hardware and software$ 758 $ 6 5 yearsLeasehold improvements17 5 yearsMachinery and equipment106 7 yearsMolds, tools and dies4,503 5 yearsOffice equipment420 7 yearsTrade show equipment165 5 yearsVehicles41 5 yearsBuilding4,213 Subtotal10,223 6 Less accumulated depreciation944 1 Net Property and Equipment$ 9,279 $ 5 2.

  • Property and Equipment Property and Equipment are presented at cost less accumulated depreciation and are detailed as follows: 2000 1999 ------------ ---------- Land and Buildings $ 6,483 $ 8,342 Equipment 35,469 33,822 Furniture and Fixtures 11,946 11,661 Automobiles 1,621 1,856 Leasehold Improvements 3,766 2,191 ------------ ---------- 59,285 57,872 Less: Accumulated Depreciation (44,753) (41,522) ------------ ---------- Total Net Property and Equipment $ 14,532 $ 16,350 ============ ========== 3.

  • I was becoming a different person as I grappled with the various narratives and projections placed upon me as an outsider.Dating, too, was virtually out of the question.

  • Alternatively, the loads may be lower than expected which implies an over dimensioned (and costly) xxxxxx.Xx improve these models used to design wind turbines the countries and institutes listed in Table 1 have expressed their interest to participate, although some are not yet sure about the availability of funding (4).

  • Major classes of property and equipment are as follows at June 30: Description 2019 2018 Computer and office equipment$ 44,331$ 41,367Furniture and fixtures48,36548,365Office equipment5,0005,000Software30,10030,100Website development 6,710 6,710 134,506131,542Less: Accumulated depreciation 129,876 128,204 Net Property and Equipment $ 4,630 $ 3,338 Depreciation expense is $1,672 and $1,096 for the years ended June 30, 2019 and 2018, respectively.


More Definitions of Net Property and Equipment

Net Property and Equipment means the book value of all property and equipment of the Borrower and its Subsidiaries, net of depreciation and amortization, determined on a consolidated basis in accordance with GAAP, and as set forth in the most recent financial statements of the Borrower available to the Lenders, giving pro forma effect to acquisitions and dispositions of property and equipment effected since the date of such financial statements.
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Related to Net Property and Equipment

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Machinery and equipment means machinery used in manufacturing establishments and computers except point-of-sale equipment as defined in Iowa Code section 427A.1. The term does not include computer software.

  • Farm equipment means equipment used directly for farming

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Qualified machinery and equipment means all new industrial

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.

  • movable property means property of every description except immovable property;

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Retail Property means each Property listed on Part I of Schedule 6.1.(f) hereto as a Retail Property and any other Property, a substantial use of which is the retail sale of goods and services, which may include a Property that is part of a Mixed-Use Project.

  • Furniture and Equipment means the furniture and equipment, other than motor vehicles, leased or owned by the Failed Bank and reflected on the books of the Failed Bank as of Bank Closing and located on or at Bank Premises, including without limitation automated teller machines, carpeting, furniture, office machinery (including personal computers), shelving, office supplies, telephone, surveillance, security systems and artwork. Motor vehicles shall be considered other assets and pass at Book Value. Furniture and equipment located at a storage facility not adjacent to a Bank Premises are excluded from this definition.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Leased Intangible Property means all Intangible Property (as defined in the Purchase and Sale Agreement) acquired by Landlord with respect to the Leased Property pursuant to the Purchase Agreement.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.