Asset Valuation Practices Sample Clauses

Asset Valuation Practices. (a) Valuation of Immovable Contracted Assets and Essential Movable Contracted Assets based on the Depreciated Replacement Value (DRV)_ of assets shall be carried out in accordance with the most recent guidelines of the Assets Valuation Standards Committee, Statements of Asset Valuation Practice and Guidance Notes, The Royal Institut ion of Chartered Surveyors, United Kingdom, publication dated January 1995 or as amended from time to time. (b) The valuation of Immovable Contracted Assets and Essential Movable Contracted Assets, which are still under construction and/or yet to be commissioned (i.e. Capital Work in Progress), shall be based on the Book Value of such assets. (The guidelines set forth in Annexure 4 shall also be applicable for the purpose of such valuation). (c) For the valuation of Immovable Contracted Assets and Essentia l Movable Contracted Assets based on the Depreciated Historical Cost, depreciation shall be calculated on straight line basis. The life span of the assets for the purpose of depreciation and the original cost of such assets shall be as prescribed and set forth in Annexure 4. (d) The asset value of each asset computed as per the above guidelines shall be termed as the “Fair Value”. (e) In computing the Fair Value of assets in the following events, no account shall be taken for any diminution in value attributable to: i) Licensor Default or ii) GoG/ GoI Change in Law (f) The valuation of assets and the compensation payable shall be entirely denominated in Indian rupees. (g) For avoidance of doubt, it is hereby clarified that valuation of assets both Immovable Contracted Assets and Essential Movable Contracted Assets shall not be done on a "going concern" basis.
Sample 1
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Related to Asset Valuation Practices

  • Collection Practices The collection practices used by the Servicer with respect to each Mortgage Note and Mortgage have been in all respects legal, proper and prudent in the mortgage servicing business;

  • Credit Reporting For each Mortgage Loan, the Company shall accurately and fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information on its borrower credit files to each of the following credit repositories: Equifax Credit Information Services, Inc., TransUnion, LLC and Experian Information Solution, Inc. on a monthly basis.

  • Collection Practices; Escrow Deposits The origination and collection practices used with respect to the Mortgage Loan have been in accordance with Accepted Servicing Practices, and have been in all material respects legal and proper. With respect to escrow deposits and Escrow Payments, all such payments are in the possession of the Company and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All Escrow Payments have been collected in full compliance with state and federal law. No escrow deposits or Escrow Payments or other charges or payments due the Company have been capitalized under the Mortgage Note;

  • Credit Reporting; Gramm-Leach-Bliley Act (a) With respect to each Mortgage Loan, each Sexxxxxx xxxxxx xx xully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and TransUnion Credit Information Company (three of the credit repositories), on a monthly basis. (b) Each Servicer shall comply with Title V of the Gramm-Leach-Bliley Act of 1999 and all applicable regulations promulgatxx xxxxxxxxxx, xxxating to the Mortgage Loans required to be serviced by it and the related borrowers and shall provide all required notices thereunder.

  • Payable Practices No Borrower or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Date.

  • Fair Credit Reporting Act The Servicer has fully furnished, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories) on a monthly basis.

  • FAIR PRACTICES The Union agrees to maintain its eligibility to represent all employees by continuing to admit persons to membership without discrimination on the basis of race, creed, color, national origin, sex or marital status and to represent equally all employees without regard to membership or participation in, or association with the activities of any employee organization. The Board agrees to continue its policy of not discriminating against any employee on the basis of race, creed, color, national origin, sex, marital status or membership or participation in, or association with the activities of, any employee organization.

  • Settlement Practices The Custodian shall provide to each Board the information with respect to custody and settlement practices in countries in which the Custodian employs an Eligible Foreign Custodian described on Schedule C at the time or times set forth on the Schedule. The Custodian may revise Schedule C from time to time, but no revision shall result in a Board being provided with substantively less information than had been previously provided on Schedule C.

  • Credit Reports With your consent, in dealing with you we may obtain and consult credit reports on you prepared by credit reporting agencies. You have rights of access and correction in relation to the files held on you by these agencies by contacting them. Please write to us at the address shown at the end of this booklet to the attention of the Compliance Department, Protection of Personal Information if you wish to obtain the name and address of the agency or agencies from whom we have obtained a credit report about you.

  • Unfair Labor Practices The Grantee shall comply with the Employers Engaging in Unfair Labor Practices Act, 1980 PA 278, as amended, MCL 423.321 et seq.

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