Productive Life definition
Productive Life means the number of years a property improvement is expected to be in service in a facility.
Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at County’s election, on the date of cessation of production either upon (1) a determination by the County that it is unlikely the improvement(s) will be reactivated as an integral part of a producing facility, and/or
Productive Life means the number of years a property improvement is expected to be in service as a function and operational facility. The term includes useful life or economic life of a facility.
Examples of Productive Life in a sentence
This Agreement commences immediately upon the signing of this Agreement by the Parties and shall be in force for the Productive Life of the Carbon project.
This Agreement commences immediately upon the signing of this Agreement by the Parties and shall be in force for the Productive Life of the Mine.
More Definitions of Productive Life
Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at Port Freeport’s election, on the date of cessation of production either upon (1) a determination by Port Freeport that it is unlikely the improvement(s) will be reactivated as an integral part of a producing facility, and/or (2) the expiration of eighteen (18) continuous or non-consecutive months of non-production in any twenty- four (24) month period following the date the property improvement(s) cease to be in active service as part of a facility operating in a producing capacity. Upon cessation of production and for calculation of the recapture amount of taxes, the “productive life” will be determined to begin on the effective date of the tax abatement as set forth in the Agreement.
Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at College’s election, on the date of cessation of production either
Productive Life means the number of years a property improvement is expected to being service in a facility.
Productive Life means the number of years a property improvementis expected to be in service in a facility.
Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at Port Freeport’s election, on the date of cessation of production either upon (1) a determination by Port Freeport that it is unlikely the improvement(s) will be reactivated as an integral part of a producing facility, and/or (2) the expiration of eighteen (18) continuous or non-consecutive months of non-production in any
Productive Life means the number of years a property improvement is expected to be in service or produce economic activity in a facility.
Productive Life means the number of years a property improvement is expected to be