Obsolete Assets definition

Obsolete Assets means assets, property or equipment that have been determined by the Company, in good faith, to no longer be useful in the operations or the business of the Company or a Restricted Subsidiary.
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Obsolete Assets means assets whose material or technological obsolescence means that it no longer makes sense to use them for the productive or commercial process of the Issuer or the Group companies.
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Obsolete Assets has the meaning specified in Section 6.15(b). Draft - January 14, 2004 Exhibit C
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Examples of Obsolete Assets in a sentence

  • Non Operational Property* Market Value Specified as Obsolete, Assets Held for Sale or Investment Assets.

  • At the regular intervals stipulated in the Asset Disposal Plan, the Asset Manager will draw an asset report of all assets containing the Condition code 1 (Obsolete Assets) and provide the report to the Asset Disposal Committee.

  • Bank Balance Carrying Amount Bank accounts $ 1,523,007 $ - $ - $ 1,523,007 $ 1,283,889 NOTE 3: Property, Plant and Equipment Summary of capital assets by major classifications is as follows: Governmental Activities Balance June 30, 2017 Additions Obsolete Assets/ Reclassified Balance June 30, 2018 Non-depreciable capital assets Land $ 14,990,732$ Depreciation expense for all funds was $1,857,172 for the year ended June 30, 2018.

  • Value plus indices in Intervening years.Non Operational Property*Market ValueSpecified as Obsolete, Assets Held for Sale or Investment Assets.

  • Surplus or Obsolete Assets with a net book value of less than $1,000 do not require an ADR Form to be completed.

  • During 2009 the Inspector General and staff members of the OIG participated as observers in various committee meetings and working groups of the General Secretariat that may impact internal controls, including the Selective Bid and Contract Awards Committee, the Committee for Disposal of Surplus and/or Obsolete Assets (COVENT).

  • During 2007 the Inspector General and staff members of the OIG participated as observers in various GS/OAS committee meetings and working groups of the General Secretariat that may impact internal controls, including the Selective Bid and Contract Awards Committee, the Committee for Disposal of Surplus and/or Obsolete Assets (COVENT), the Committee of Administrative Matters (CAM), and the SAF Transformation and Modernization Project (STAMP).

  • Related Policies/Procedures:AD:51 Capital Budget Preparation, Monitoring and Reporting AD: 52 Operating Budget AdministrationFI-004-2010 Disposal of Surplus and Obsolete Assets PP:00 Code of Ethics and Conduct PolicySCHEDULE “A” – EXCLUSIONS‌ Goods and Services Not Subject to the Provisions of the Procurement PolicyCompetitive bidding processes are not required for the following categories.

  • During 2008 OIG observed various meetings of the Permanent Council, the CAAP and CEPCIDI, as well as GS/OAS meetings, including the Transformation and Modernization Project Committee established by the Secretariat for Administration and Finance (STAMP), Procurement Contract Awards Committee, Committee for Disposal of Surplus and/or Obsolete Assets (COVENT), and Committee of Administrative Matters (CAM).

  • Request to Remove Stolen, Missing and Obsolete Assets Resulting from Review of Assets Attachment: 10-25-2016 Memorandum.pdfAttachment: Property Disposal - Retirement List for 10-25-2016.pdf F.


More Definitions of Obsolete Assets

Obsolete Assets has the meaning specified in Section 6.15(b).
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Related to Obsolete Assets

  • Obsolete Inventory means items that have expired, are redundant or

  • Obsolete means a product that may be listed in national drug pricing compendia but is no longer available to be dispensed based on the expiration date of the last lot manufactured.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as provisions in storerooms, refrigerators, pantries and kitchens, beverages in wine cellars and bars, other merchandise intended for sale, fuel, mechanical supplies, stationery, and other supplies and similar items.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • Specified Assets the following property and assets of such Grantor:

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Total Consolidated Assets means, as of any date, the total consolidated assets of the Guarantor and its Subsidiaries computed in accordance with GAAP as of the last day of the fiscal quarter most recently ended prior to such date, subject to the second sentence of the definition of “Debt” in the Base Indenture.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Fixed Asset Supplies means items included within “Property and Equipment” under the Uniform System of Accounts including, but not limited to, linen, china, glassware, tableware, uniforms, and similar items, whether used in connection with public space or Guest Rooms.

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.