Common use of Useful Life Clause in Contracts

Useful Life. SANDAG and SUBRECIPIENT agree to comply with the FTA’s requirements for buses and certain other vehicles’ useful life requirements as described in FTA Circular 5010.1E, Chapter IV, as amended. Useful life of rolling stock begins on the date the vehicle is placed in revenue service and continues until it is removed from service. Minimum useful life for buses and light-duty vehicles is determined by years in service or accumulation of miles, whichever comes first. FTA defines the minimum useful life as follows: Light Duty Vehicle (Minivan) At least 4 years or 100,000 miles Medium-size, light-duty transit bus (approx. 25'-35') At least 5 years or 150,000 miles Medium-size, medium-duty transit bus (approx. 25'-35') At least 7 years or 200,000 miles

Useful Life. SANDAG and SUBRECIPIENT agree to comply with the FTA’s requirements for buses and certain other vehicles’ useful life requirements as described in FTA Circular 5010.1E, Chapter IV, as amended. Useful life of rolling stock begins on the date the vehicle is placed in revenue service and continues until it is removed from service. Minimum useful life for buses and light-duty vehicles is determined by years in service or accumulation of miles, whichever comes first. FTA defines the minimum useful life as follows: Light Duty Vehicle (MinivanMinivan and Transit Van) At least 4 years or 100,000 miles Medium-size, light-duty transit bus (approx. 25'-35') At least 5 years or 150,000 miles Medium-size, medium-duty transit bus (approx. 25'-35') At least 7 years or 200,000 miles