Asset Classification definition

Asset Classification has the meaning assigned to such term in Section 4.1(T).

Asset Classification has the meaning assigned to such term in Section 3.2.1(i).

Asset Classification shall have the meaning set forth in Section 4.19.

Examples of Asset Classification in a sentence

• Asset Classification Assets are classified as either financial or non-financial.

• The Bank adopts the definition of ‘past due’ and ‘impaired credits’ (for accounting purposes) as defined by Reserve Bank of India under Income Recognition, Asset Classification and Provisioning (IRAC) norms.

• Takeout financing transactions that involve prior commitments shall be governed by the circular DBOD.No.BP.BC.144/21.04.048-2000 dated February 29, 2000 on “Income Recognition, Asset Classification, Provisioning and other related matters and Capital Adequacy Standards – Takeout Finance”.

• The cost, less residual value, of the tangible capital assets, excluding land and landfill sites, is amortized on a straight line basis over their estimated useful lives as follows: Major Asset Classification Component Breakdown Landfill sites are amortized using the units of production method based upon capacity used during the year.Assets under construction are not amortized until the asset is available for productive use.

• Credits received before the day-end-process are considered for calculation of delinquency at the time of undertaking the Asset Classification process.

More Definitions of Asset Classification

Asset Classification has the meaning assigned to such term in Section 3.1.16 of this Agreement.

Asset Classification has the meaning set forth in Section 5.03(w).

Asset Classification is defined in Section 4.1(T).

Asset Classification has the meaning assigned to such term in Section 4.1(T). "Bank" has the meaning assigned to such term in the first paragraph of this Plan.

Asset Classification has the meaning assigned to such term in Section 4.1(T). "Average Closing Price" has the meaning assigned to such term in Section 2.1(B).

Asset Classification means, for any Asset, as of any date, the then effective designation of such Asset as a "Class A", "Class B" or "Class C" Asset as determined by the Majority Banks in their sole discretion. The Asset Classification as of the Closing Date for each Asset is set forth in SCHEDULE 1.1(A). Thereafter, the Majority Banks shall have the right, at any time, to change the Asset Classification of any Asset, which change shall be effective immediately.

Asset Classification has the meaning assigned in Section 5.1(5).