Common use of Fixed Assets Clause in Contracts

Fixed Assets. The value of all of the fixed assets of the Company as shown in the Accounts is at cost thereof less depreciation deducted from time to time in a consistent manner and there has been no revaluation of such fixed assets since their acquisition.

Fixed Assets. The value of all of the fixed assets of the Company as shown in the Accounts is at cost thereof less depreciation. The depreciation deducted from time of the fixed assets of the Company has been made in accordance with the notes to time in the Accounts. No fixed asset has attributed to it a consistent manner value exceeding its purchase price and there has been no revaluation of such fixed assets since their acquisition.

Fixed Assets. The value of all of the fixed assets of the Company as shown in the Accounts is at cost thereof less depreciation. The depreciation deducted from time of the fixed assets of the Company has been made at a rate sufficient to time in write down the value of such assets to nil by not later than the end of their useful working lives and no fixed asset has attributed to it a consistent manner value exceeding its current market value as at the Accounts Date and there has been no revaluation of such fixed assets since their acquisition.

Fixed Assets. The value of all of the fixed assets of the Company as shown in the Accounts is at cost thereof less depreciation deducted from time to time in a consistent manner and there has been no revaluation of such fixed assets since their acquisition.. OFF BALANCE SHEET FINANCING

Fixed Assets. The value of all of the fixed assets of the Company as shown in the Accounts and the 2001 Accounts is at cost thereof less depreciation deducted from time to time in a consistent manner and there has been no revaluation of such fixed assets since their acquisition.