Actual Age definition

Actual Age means the number of years that have elapsed since construction of an improvement was completed; also called historical or chronological age.
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Actual Age means the number of years elapsed since the original construction up to the effective valuation date.
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Actual Age means the number of years elapsed since the original construction up to the effective valuation date. (2011 Real Property Assessment Manual and Guidelines Book 1, Definitions, pg. 4)
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Examples of Actual Age in a sentence

  • The Effective Age should be the Actual Age of the improvements, unless documented improvements have been made to reduce the Effective Age.

  • Improvements with an Actual Age greater than the applicable forty- five (45) or fifty (50) years in the preceding sentence are not eligible for an Acquisition/Rehabilitation Project unless they have undergone sufficient rehabilitation within the applicable past forty-five (45) or fifty (50) years bringing them to a condition that otherwise demonstrates that the improvements should not be demolished and re-constructed.

  • Instead, CMS will estimate the claimant’s remaining life expectancy using Actual Age.

  • Replacement Cost $18.00 Life Expectancy Two years Actual Age: 18 months Condition: Average Reimbursement Value: 40% or $7.20 Sec.

  • Calendar Year in which 1st payment is due: Adjusted Age is Actual Age: 2003-2005 2006-2010 2011-2015 2016-2020 minus 1 minus 2 minus 3 minus 4 2021-2025 2026-2030 2031-2035 2036 AND LATER minus 5 minus 6 minus 7 minus 8 LIFE ANNUITY TABLES FOR FIXED PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THIS TABLE WILL BE USED FOR QUALIFIED CONTRACTS.

  • Calendar Year in which 1st payment is due: Adjusted Age is Actual Age: 2003-2005 2006-2010 2011-2015 2016-2020 minus 1 minus 2 minus 3 minus 4 2021-2025 2026-2030 2031-2035 2036 AND LATER minus 5 minus 6 minus 7 minus 8 LIFE ANNUITY TABLES FOR FIXED PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THESE TABLES WILL BE USED FOR NONQUALIFIED CONTRACTS.

  • Adjusted Age = Actual Age at Settlement (in years and completed months) less the following number of months: [0.6 times (Birth Year - 1915)] rounded to the nearest integer.

  • Chapter 3 defines the stakeholder groups affected by the tramline upgrade, together with the potential effects of the upgrade on them.

  • Calendar Year in which 1st payment is due: Adjusted Age is Actual Age: 2003-2005 2006-2010 2011-2015 2016-2020 minus 1 minus 2 minus 3 minus 4 2021-2025 2026-2030 2031-2035 2036 AND LATER minus 5 minus 6 minus 7 minus 8 LIFE ANNUITY TABLES FOR FIXED PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THIS TABLE WILL BE USED FOR NONQUALIFIED AND QUALIFIED CONTRACTS.

  • The Effective Age should be the Actual Age of the improvements, unless documented capital improvements have been made to reduce the Effective Age or lack of typical maintenance increases the Effective Age of the improvements.

Related to Actual Age

  • Actual miles means the actual distance a vehicle has traveled while in operation.

  • Actual/Actual means interest or any other relevant accrual factor shall be calculated in accordance with the definition of “Actual/Actual” adopted by the International Securities Market Association (“Actual/Actual (ISMA)”), which means a calculation on the basis of the following:

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Actual Award means as to any Performance Period, the actual award (if any) payable to a Participant for the Performance Period, subject to the Committee’s authority under Section 3(d) to modify the award.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Actual carrier means a person, other than the contracting carrier, who, by virtue of authority from the contracting carrier, performs the whole or part of the carriage contemplated in paragraph (b) but who is not with respect to such part a successive carrier within the meaning of the Warsaw Convention. Such authority is presumed in the absence of proof to the contrary.

  • Retirement Age means the earlier to occur of:

  • Actual Costs as used herein shall mean those costs that were reasonably incurred in order to protect the honesty and integrity of the gaming being operated by Tribe under, and to monitor the Tribe’s compliance with, the Compact. Costs incurred in common for more than one tribe shall be allocated among such tribes. For purposes of this Section 13, prior years’ actual costs shall be based on the actual costs incurred for the twelve months ending September 30. Regulatory Fees shall be paid as follows:

  • Normal Retirement Age means the Executive's 65th birthday.

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Final Average Earnings means (a) divided by (b) as follows:

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • Actual service means the total straight-time pay hours accumulated in a title. The first 240 hours per year of authorized unpaid time off for non- disciplinary reasons shall not be deducted from actual service.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to any limits on the number of shares of Common Stock that may be owned by a Holder at any one time.

  • Actual/365 (Fixed) means that interest or any other relevant accrual factor shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.

  • Expected week of childbirth means the week, starting on a Sunday, during which the mother's doctor or midwife expects her to give birth.

  • Actuarial equivalent means a benefit of equal value when

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Actual Fraud means, with respect to a party to this Agreement, an actual and intentional fraud with respect to the making of the representations and warranties pursuant to Article IV or Article V (as applicable), provided, that such actual and intentional fraud of such Person shall only be deemed to exist if any of the individuals included on Section 1.3 of the Company Disclosure Letter (in the case of the Company) or Section 1.3 of the Acquiror Disclosure Letter (in the case of Acquiror) had actual knowledge (as opposed to imputed or constructive knowledge) that the representations and warranties made by such Person pursuant to, in the case of the Company, Article IV as qualified by the Company Disclosure Letter, or, in the case of Acquiror, Article V as qualified by the Acquiror Disclosure Letter, were actually breached when made, with the express intention that the other party to this Agreement rely thereon to its detriment.

  • Final Average Pay means the participant’s average monthly compensation in the highest three calendar years of compensation out of five consecutive calendar years of employment during a period of eligibility service by the Company or an Affiliate. Years separated by a period of one or more calendar years when the participant has no such eligible employment shall be treated as consecutive. Additional compensation paid at retirement or other Separation from Service, such as for periods of unused vacation or sick leave, shall be attributed to calendar years by assuming that employment continued during the period based on which the compensation is measured. Severance pay shall be disregarded, except severance pay in lieu of service.

  • Catastrophic disability means a physical and not a psychological

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.