Depreciated Book Value definition
Depreciated Book Value or "DBV" has the meaning given in [Part 1 of Schedule 10].
Depreciated Book Value means an amount equal to the depreciated book value of the assets comprising the Plant calculated as follows: Where:
Depreciated Book Value of any Removable Improvement or Structural Improvement means the lesser of the depreciated value of such Removable Improvement or Structural Improvement on the books of Fortress as of the date of termination of this Agreement and the depreciated value of such Removable Improvement or Structural Improvement on that date calculated in accordance with generally accepted accounting principles consistently applied in other comparable North American ski area operations based upon the useful life of such Removable Improvement or Structural Improvement, which for Removable Improvements will not exceed twenty years and for Structural Improvements will not exceed thirty years;
Examples of Depreciated Book Value in a sentence
RTL shall not permit the aggregate Net Depreciated Book Value of PLC Financed Assets that are not manufactured by PACCAR Inc to exceed thirty percent (30.0%) of the Borrowing Base.
If the Province and Fortress are unable to agree upon the Depreciated Book Value of any Removable Improvement or Structural Improvement, the Net Realizable Value of any Removable Improvement, the Structural Improvement Value of any Structural Improvement or the fair market value of the Day Skier Facility or the Maintenance Facility, either party may refer such determination to arbitration by a single arbitrator in accordance with the provisions of the Arbitration Act of British Columbia.
More Definitions of Depreciated Book Value
Depreciated Book Value means the historic cost to the Insured of acquiring any asset less cumulative depreciation all calculated according to generally accepted accounting principles consistently applied by the Insured and the Foreign Enterprise.
Depreciated Book Value means the actual cost of construction of improvements constructed by Lessee depreciated in accordance with Lessee's bookkeeping practice for the improvement in question. "Costs of improvement" shall not include maintenance or repairs, but only new improvements made by Lessee.