Common use of Start-Up Expenses Clause in Contracts

Start-Up Expenses. If the book value of the insured investment of a new foreign enterprise in the development stage is less than the insured amount originally contributed, the accumulated loss will be disregarded if (a) the foreign enterprise is newly formed for the principal purpose of undertaking the project. (b) the foreign enterprise is a going concern as of the date the expropriatory effect commences. (c) that date is within three years of the date this contract is issued, and (d) it is clear that no adjustment to book value is necessary by reason of obsolescence or permanent reduction in recoverable values of productive facilities or assets.

Start-Up Expenses. If the book value of the insured investment of a new foreign enterprise in the development stage is less than the insured amount originally contributed, the accumulated loss will be disregarded if (a) the foreign enterprise is newly formed for the principal purpose of undertaking the project. (b) the foreign enterprise is a going concern as of the date of the expropriatory effect commencesloss. (c) that date is within three years of the date this contract is issued, and (d) it is clear that no not adjustment to book value is necessary by reason of obsolescence or permanent reduction in recoverable values of productive facilities or assets.

Start-Up Expenses. If the book value of the insured investment of a new foreign enterprise in the development stage is less than the insured amount originally contributed, the accumulated loss will be disregarded if (a) the foreign enterprise is newly formed for the principal purpose of undertaking the project., (b) the foreign enterprise is a going concern as of the date of the expropriatory effect commences.loss, (c) that date is within three years of the date this contract is issued, and (d) it is clear that no adjustment to book value is necessary by reason of obsolescence or permanent reduction in recoverable values of productive facilities or assets.

Start-Up Expenses. If the book value of the insured investment of a new foreign enterprise in the development stage is less than the insured amount originally contributed, the accumulated loss will be disregarded if (a) the foreign enterprise is newly formed for the principal purpose of undertaking the project., (b) the foreign enterprise is a going concern as of the date the expropriatory effect commences., (c) that date is within three years of the date this contract is issued, and (d) it is clear that no adjustment to book value is necessary by reason of obsolescence or permanent reduction in recoverable values of productive facilities or assets.