Depreciation Policy. A depreciation policy:
Depreciation Policy means the annual rate at which each UK Borrower or US Borrower, as applicable, charges depreciation against its assets and which has previously been agreed with its auditors and disclosed to Agent prior to the date of this Agreement.
Depreciation Policy. The depreciation policy set forth as Exhibit B hereto, as it may be amended from time to time in accordance with this Indenture.
Examples of Depreciation Policy in a sentence
Weisbach, Measurement and Tax Depreciation Policy: The Case of Short-Term Assets (January 2003)177.
Weisbach, Measurement and Tax Depreciation Policy: The Case of Short‐Term Assets (January 2003)177.
Depreciation : Reserves and Provisions – Meaning ; Need for providing Depreciation; Methods of providing depreciation ; Provisions and Reserves; Choice of Methods; Objectives of Depreciation Policy.
Weisbach, Measurement and Tax Depreciation Policy: The Case ofShort-Term Assets (January 2003)177.Randal C.
Depreciation Provisions and Reserves: Concept of Deprecation, Causes of Depreciation, Basic Features of Depreciation, Meaning of Depreciation Accounting, Objectives of Providing Depreciation, Fixation of Depreciation Amount, Method of Recording Depreciation, Methods of Providing Depreciation, Depreciation Policy, AS-6 (Revised) Depreciation Accounting, Provisions and Reserves.
More Definitions of Depreciation Policy
Depreciation Policy means the annual rate at which each UK Borrower charges depreciation against its assets and which has previously been agreed with its auditors and disclosed to Agent prior to the date of this Agreement.
Depreciation Policy. One of the following:
Depreciation Policy. A depreciation policy
Depreciation Policy means the depreciation policy included at Appendix 3 to Schedule 7.1(Charges and Invoicing).
Depreciation Policy. (i) For purposes of calculating the Asset Base, a depreciation policy under which Owner Containers are depreciated (x) in the case of a new Owner Container, using the straight-line method over a twelve (12) year useful life, to an estimated residual value of twenty-eight percent (28%) of the Original Equipment Cost of such new Owner Container, and (y) in the case of used Owner Containers, the remaining useful life thereof at the date of acquisition by the Borrower thereof (based upon a total useful life of 12 years) to an estimated residual value of twenty-eight percent (28%) of the Original Equipment Cost of Owner Containers that are then the same age as such used Owner Container and (ii) for purposes of preparing and maintaining the financial statements and financial records of the Borrower and all other purposes not addressed in clause (i), the depreciation policy of the Borrower, which may from time to time be revised by Borrower with the approval of Borrower’s independent auditors. Notwithstanding the foregoing, if (A) the “Depreciation Policy” used under the TMCL Indenture for purposes of calculating the asset base thereunder is revised such that such “Depreciation Policy” can be revised by the “Issuer” or “Manager” thereunder with the approval of such issuer’s or manager’s independent auditors but without approval of the noteholders under the TMCL Indenture (the “Revision”), and (B) WFB or an Affiliate thereof, as a holder of notes issued pursuant to the TMCL Indenture, voted in favor of the Revision, then clause (i) of this definition automatically shall be deleted on the effective date of the Revision.
Depreciation Policy. As of the date hereof, (i) with respect to the Eligible Engines, straight line monthly depreciation over a period of fifteen years commencing from the date of acquisition of an Engine until the date on which the value attributable to an Engine is equal to the Depreciation Percentage of its Net Purchase Price and (ii) with respect to Capital Improvements made to the Eligible Engines, straight line monthly depreciation over a period of fifteen years less the number of months transpired from the date of acquisition of the related Eligible Engine, commencing from the date on which such Capital Improvement is made to the related Eligible Engine until the date on which the value attributable to such Capital Improvement is equal to the Depreciation Percentage of the value of such Capital Improvement (such value, as determined in accordance with GAAP on the date on which such Capital Improvement is made). As of any date other than the date hereof, the Issuer may modify the Depreciation Policy with the prior written consent of the Administrative Agent.
Depreciation Policy effect any change to its depreciation policy without the prior written consent of the Majority Lenders such consent not to be unreasonably withheld;