Common use of Calculation of Net Book Value of Leasehold Improvements Clause in Contracts

Calculation of Net Book Value of Leasehold Improvements. For each Eligible Improvement that does not become the Port’s property under Section 10.4, the Cost of that Eligible Improvement shall be amortized over the useful economic life of such Eligible Improvement. The useful economic life shall in no instance exceed the period of time commencing on the date such Eligible Improvement is installed and terminating on the expiration of this Agreement, or any lesser period that may be specified in any consent, sublease or other writing, on a straight-line basis with no salvage value. The “Net Book Value of Leasehold Improvements” shall be the sum of the unamortized portion (as of the effective date of the applicable termination) of the Cost of Eligible Improvements for each Eligible Improvement directly affected by such deletion or termination. As used in this Section, “useful economic life” shall specifically be determined with respect to the initial investment in the Eligible Improvement, Concessionaire’s repair and maintenance of the Eligible Improvement, and Concessionaire’s custom and usage for assets similar to the Eligible Improvements, both at the Airport and elsewhere.

Calculation of Net Book Value of Leasehold Improvements. For each Eligible Improvement that does not become the Port’s property under Section 10.4Improvement, the Cost of that Eligible Improvement shall be amortized over the useful economic life of such Eligible Improvement. The , where such useful economic life shall in no instance exceed the period of time commencing on the date such Eligible Improvement is installed and terminating on the expiration of this Agreement, or any lesser period that may be specified in any consent, sublease or other writing, on a straight-line basis with no salvage value. The “Net Book Value of Leasehold Improvements” shall be the sum of the unamortized portion (as of the effective date of the applicable termination) of the Cost of Eligible Improvements for each Eligible Improvement directly affected by such deletion or termination. As used in this Section, “useful economic life” shall specifically be determined with respect to the initial investment in the Eligible Improvement, Concessionaire’s repair and maintenance of the Eligible Improvement, and Concessionaire’s custom and usage for assets similar to the Eligible Improvements, both at the Airport and elsewhere.

Calculation of Net Book Value of Leasehold Improvements. For each Eligible Improvement that does not become the Port’s property under Section 10.4Improvement, the Cost of that Eligible Improvement shall be amortized over the useful economic life of such Eligible Improvement. The , where such useful economic life shall in no instance exceed the period of time commencing on the date such Eligible Improvement is installed and terminating on the expiration of this AgreementLease, or any lesser period that may be specified in any consent, sublease or other writing, on a straight-line basis with no salvage value. The “Net Book Value of Leasehold Improvements” shall be the sum of the unamortized portion (as of the effective date of the applicable termination) of the Cost of Eligible Improvements for each Eligible Improvement directly affected by such deletion or termination. As used in this Section, “useful economic life” shall specifically be determined with respect to the initial investment in the Eligible Improvement, ConcessionaireLessee’s repair and maintenance of the Eligible Improvement, and ConcessionaireLessee’s custom and usage for assets similar to the Eligible Improvements, both at the Airport and elsewhere.

Calculation of Net Book Value of Leasehold Improvements. For each Eligible Improvement that does not become the Port’s property under Section 10.4Improvement, the Cost of that Eligible Improvement shall be amortized over the useful economic life of such Eligible Improvement. The , where such useful economic life shall in no instance exceed the period of time commencing on the date such Eligible Improvement is installed and terminating on the expiration of this Lease Agreement, or any lesser period that may be specified in any consent, sublease sublease, or other writingwriting approved by the Authority, on a straight-line basis with no salvage value. The “Net Book Value of Leasehold Improvements” shall be the sum of the unamortized portion (as of the effective date of the applicable termination) of the Cost of Eligible Improvements for each Eligible Improvement directly affected by such deletion or termination. As used in this Section, “useful economic life” shall specifically be determined with respect to the initial investment in the Eligible Improvement, Concessionaire’s repair and maintenance of the Eligible Improvement, and Concessionaire’s custom and usage for assets similar to the Eligible Improvements, both at the Airport and elsewhere.