Average service life definition
Average service life means the average expected life of all units of a group when new and is determined as the weighted dollar average of the lives of the units. It is equal to the area under the survivor curve divided by original placements.
Average service life means, with respect to any Debt Obligation issued after January 31, 2006, the estimated weighted average economic service life of the Capital Improvements that the District expects to finance from proceeds of such Debt Obligations issued or incurred after January 31, 2006, as determined by the District on or as of the date of the issuance or incurrence thereof. For purposes of the foregoing, land shall be deemed to have a weighted average economic service life of 25 years.
Average service life means average vehicle lifespan. The method of calculating average service life changed in 2001 for passenger cars and trucks and in 2002 for buses. 3. The above three tables exclude mini-vehicles.
More Definitions of Average service life
Average service life means average vehicle lifespan. The method of calculating average service life changed in 2001 for passenger cars and trucks and in 2002 for buses. 3. “Average age” and “average service life” figures are as at the end of every fiscal year. 4. The above three tables exclude mini-vehicles.
Average service life means average vehicle lifespan. The method of calculating average service life changed in 2001 for passenger cars and trucks and in 2002 for
Average service life has the meaning set forth in Section 1 of Appendix A.