Expected Useful Life means, with respect to each ACS Group Initial Aircraft, 25 years or, in the case of (i) any ACS Group Aircraft that undergoes an ACS Group Aircraft Conversion, 30 years or (ii) any other ACS Group Aircraft listed on Schedule 7, 30 years, and, with respect to any ACS Group Additional Aircraft (not including any ACS Group Additional Aircraft acquired by way of a contribution), the “Expected Useful Life” established by or pursuant to a Board Resolution or Guarantor Board Resolution, as applicable, or in any indenture supplemental hereto or to the Guarantor Indenture providing for the issuance of ACS Group Additional Securities to fund the acquisition of such ACS Group Additional Aircraft or ACS Group Aircraft Conversion (subject to the consent of the Policy Provider, the Initial Credit Facility Provider and receipt of a Rating Agency Confirmation, in the case of the issuance of the ACS Group Additional Securities).
Expected Useful Life means the estimated number of years from the date on which such estimate is made until the date when, because of the effects of time, weather, stress, or wear, a physical asset will become incapable of performing its intended function and will have to be replaced.
Expected Useful Life means, with respect to each Initial Aircraft, 30 years and, with respect to any Additional Aircraft, the "Useful Life" established by or pursuant to a Controlling Trustees' Resolution or in any indenture supplemental hereto providing for the issuance of Additional Securities to fund the acquisition of such Additional Aircraft.
Examples of Expected Useful Life in a sentence
Expected useful life, residual value and depreciation method are reviewed each year for the possible effects of changes in estimates, and they are recognized prospectively if there are any changes in estimates.
Expected useful life, residual value and amortization method are evaluated every year for the probable effects of changes arising in the expectations and are accounted for prospectively (Note 18).
Expected useful life and residual value of property, plant and equipment The expected useful life and residual value of an asset are reviewed at least at each financial year end.
Expected useful life is determined on the basis of historical data, as well as the standard useful economic lifetimes in the industry.
Expected useful life is the period of use by the enterprise, not the asset’s economic life, which could be appreciably longer.
More Definitions of Expected Useful Life
Expected Useful Life means the estimated number of years from the date on which
Expected Useful Life means the life of a capital asset over which it can be expected to meet the required performance given its operational requirements, including parameters such as climate, soil conditions, topography, utilisation, and operations and maintenance regime, and over which it will be productively used;
Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture except that any Initial Aircraft converted to freighter service shall have an Expected Useful Life of 15 years from the date of conversion and, with respect to any Issuer Additional Aircraft, the "Useful Life" established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Issuer Additional Notes funding the acquisition of such Additional Aircraft.
Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture (or, in the case of cargo aircraft, 30 years from the date of manufacture) and, with respect to any Additional Aircraft (not including any Additional Aircraft acquired by way of a contribution) or Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or such Aircraft Conversion (in any such case, subject to the consent of the Policy Provider and the receipt of a Rating Agency Confirmation).
Expected Useful Life of any Required Capital Expenditure means the expected useful life thereof as of the date such Required Capital Expenditure is made, as determined in accordance with GAAP and as stated in months.
Expected Useful Life means, with respect to each Initial Aircraft, 25 years and, with respect to any Issuer Additional Aircraft, the "Useful Life" established by or pursuant to a Controlling Trustees' Resolution or in any indenture supplemental hereto providing for the issuance of Issuer Additional Notes funding the acquisition of such Additional Aircraft.
Expected Useful Life means, with respect to each Current Aircraft, 25 years from the date of manufacture (or, in the case of converted freighter aircraft, 15 years from the date of completion of the conversion to freighter configuration, or, in the case of Aircraft with manufacturer’s serial number 755 and manufacturer’s serial number 758, 30 years from the date of manufacture) and, with respect to any Additional Aircraft or an Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or Aircraft Conversion.