Depreciation Expense definition

Depreciation Expense means, for any period with respect to any Person, depreciation, amortization, depletion and other like reductions to income of such Person for such period not involving any outlay of cash.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Depreciation Expense means the depreciation expense of an applicable Person for the applicable period (to the extent included in the computation of Net Income), according to GAAP.

Depreciation Expense means, during each applicable fiscal year, for the Company and its subsidiaries on a consolidated basis, that amount of the Depreciation Expense that is reflected on the financial statements for such period in accordance with GAAP consistently applied.

Examples of Depreciation Expense in a sentence

Depreciation Expense shall equal the intangible electric plant depreciation expenses as recorded in FERC Account No. 403, 404 and 405 associated with Intangible Electric Plant.
Such Depreciation Expense for Transmission Plant, General Plant, and Intangible Plant will exclude Depreciation Expense associated with Asset Retirement Obligation (Decommissioning).
The sum of the Return on Rate Base and Depreciation Expense as defined below.
Consolidated Depreciation Expense – For any period, the aggregate, consolidated amount of depreciation expense of Borrower, as determined in accordance with GAAP; provided, however that such consolidation shall not include the amount of depreciation expense of Non-Consolidation Entities.
Debt Service Coverage Ratio is defined as earnings before Interest Expense, Depreciation Expense, and Amortization Expense minus Cash Distributions divided by Total Annual Principal and Interest payments of all debt.

More Definitions of Depreciation Expense

Depreciation Expense means the annual depreciation accrual rates employed in the utility’s most recent general rate case for the plant accounts in which the cost of each eligible water system improvement is recorded applied to the cost of eligible water system improvements.

Depreciation Expense means, for any period with respect to the Borrower, depreciation, amortization (excluding the amortization of contract initiation costs), depletion and other like reductions to income of the Borrower for such period not involving any outlay of cash, determined, without duplication, on a Modified Consolidated Basis in accordance with GAAP and includes, for greater certainty, amortization of any up front financing fees.

Depreciation Expense means, for any period, depreciation, amortization (including Big Cat amortization), depletion and other like reductions to income for such period not involving any outlay of cash, determined on a consolidated basis in accordance with GAAP.

Depreciation Expense. With respect to any calculation of the Asset Base, means either (i) the Depreciation Policy or (ii) such other depreciation policy as may be utilized by the Manager from time to time, with the prior written consent of the Control Party for each Series.

Depreciation Expense means the depreciation expense an applicable Person for an applicable period (to the extent included in the computation of Net Income), according to Generally Accepted Accounting Principles.

Depreciation Expense means, for any period, as applied to any Person, the provision for depreciation that is reflected on the financial statements of such Person and its consolidated Subsidiaries in accordance with GAAP.

Depreciation Expense means, with respect to any period, the collective depreciation, depletion impairment and amortization expense of the Borrower for such period, determined on a Consolidated basis.