Examples of Economic Life in a sentence
The Awardee shall provide the level of broadband service described in the RUS approved Application commencing from the date of Project Completion until the longer of (i) the Composite Economic Life of the facilities financed by the Award as specified on Schedule 1 or (ii) as long as the Note(s) is outstanding.
Owner represents the Economic Life of the improvements will exceed the term of this Agreement.
During the Useful Economic Life of each Asset the Grant Recipient shall not create any charge, legal mortgage, debenture, or lien over any Asset without the prior written consent of the Secretary of State (except for Security contemplated by the Project Specific Conditions).
However, the complete repayment of Bond Issue should be scheduled to happen within 85% of the Economic Life of the Project.
Disposal of Assets other than Property Assets In respect of any Disposal, the Grant Recipient must not, during the Useful Economic Life of any Asset, Dispose of any Assets that have been totally or partly bought, restored, conserved (maintained or protected from damage) or improved with the Grant without the prior written consent of the Authority.