Depreciation Factor definition
Depreciation Factor means a factor, expressed in percentage, which represents the reduction in value of a Type of Tree Fruit caused by a Quality Peril. The factor is determined by us according to a methodology available for viewing at one of our Business Risk Management Branch Offices before the Crop Year starts: the methodology may specify value reduction thresholds, below which the factor is zero and may specify a maximum factor of less than 100%;
Depreciation Factor means (a) with respect to each ACS Group Initial Aircraft on any date of determination, if positive, [1 – ((1 – R) / L) x A]x(1 + I)A/12, where “R” equals the assumed residual percentage of 0.10 for widebody and classics airframes and 0.12 for all other airframe types, “L” equals the Expected Useful Life of such ACS Group Aircraft expressed in months (25 years, or, in the case of (i) any ACS Group Aircraft that undergoes an ACS Group Aircraft Conversion, 30 years or (ii) any other ACS Group Aircraft listed on Schedule 7, 30 years), “A” equals the current age of such ACS Group Aircraft expressed in months and “I” equals 0.02; provided that, with respect to each ACS Group Additional Aircraft (not including any ACS Group Additional Aircraft acquired by way of a contribution), the Depreciation Factor will be determined by the Directors of the Issuer or the Guarantor, as applicable, in connection with the issuance of the relevant ACS Group Additional Securities funding the acquisition of such ACS Group Additional Aircraft (subject to the consent of the Policy Provider, the Initial Credit Facility Provider and receipt of a Rating Agency Confirmation).
Depreciation Factor means, (i) with respect to each Initial Aircraft on any date of determination, if positive, the product of (1-kn) and 1.02n , where "n" equals the age of such Aircraft in years from the date of its manufacture and "k" equals a fraction, the numerator of which is 1 and the denominator of which is the Expected Useful Life of such Initial Aircraft; provided that in the event such Aircraft is converted to freighter service, the Depreciation Factor for such Aircraft shall be the factor determined by the Controlling Trustees and (ii) with respect to each Additional Aircraft, the Depreciation Factor determined by the Controlling Trustees in connection with the issuance of the MSAF Group Additional Notes funding the acquisition of such Additional Aircraft.
Examples of Depreciation Factor in a sentence
If Federal or State income tax laws are amended after the date of this Agreement, the Federal Tax Depreciation Factor Schedule in Exhibit E will be modified pursuant to Section II-14.
If State income tax laws are amended after the date of this Agreement, the State Tax Depreciation Factor schedule in Exhibit D may be renegotiated pursuant to Section II-15.
If Federal or State income tax laws are amended after the date of this Agreement, the State Tax Depreciation Factor schedule in Exhibit D or the Federal Tax Depreciation Factor schedule in Exhibit E, as applicable, will be modified pursuant to Section II-15(a)(ii).
Federal Tax Depreciation for Carrier Property Additions for the current and all previous calendar years equals the appropriate Federal Tax Depreciation Factor multiplied by the sum of Carrier Property Additions and Long Term Debt AFUDC Additions for that calendar year.
If Federal or State income tax laws are amended after the date of this Agreement, the State Tax Depreciation Factor Schedule in Exhibit D will be renegotiated pursuant to Section II-14.
More Definitions of Depreciation Factor
Depreciation Factor means, with respect to each Aircraft on any date of determination, the product of [1 – ((1-R)/L)×A)] and (1+I)A, where “R” equals 0.15 for all airframe types, “L” equals the Expected Useful Life of such Aircraft expressed in months, “A” equals the current age of such Aircraft in years from the date of its manufacture (as provided in Schedule 1 hereto or, with respect to any Substitute Aircraft or Additional Aircraft, as reasonably determined by the Administrative Agent (subject to the approval of the Policy Provider)) and I equals 0.02; provided that, with respect to each Additional Aircraft (not including any Additional Aircraft acquired solely by way of an Equity Contribution), in which case the Depreciation Factor shall be determined by the Administrative Agent with consent from the Policy Provider (such consent not to be unreasonably withheld), the Depreciation Factor shall be determined by the Board (subject to the consent of the Policy Provider) in connection with the issuance of the Additional Notes funding the acquisition of such Additional Aircraft.
Depreciation Factor means (a) with respect to each Initial Aircraft on any date of determination, if positive, the product of (1 - (kn)) and (1+g)n/12, where “n” equals the age of such Aircraft
Depreciation Factor means, with respect to each Aircraft on any date of determination, the product of [1 - ((1-R)/L)×A] and (1+I)A/12, where “R” equals 0.10 for wide-body and classic airframes and 0.12 for all other airframe types, “L” equals the Expected Useful Life of such Aircraft expressed in months, “A” equals the current age of such Aircraft in months from the date of its manufacture (as provided in Schedule 1 hereto or, with respect to any Substitute Aircraft or Additional Aircraft, as reasonably determined by the Manager (subject to the approval of the Policy Provider)) and I equals 0.02; provided that, with respect to each Additional Aircraft (not including any Additional Aircraft acquired by way of a contribution, in which case the Depreciation Factor shall be determined by the Manager), the Depreciation Factor shall be determined by the Board (subject to the consent of the Policy Provider) in connection with the issuance of the Additional Notes funding the acquisition of such Additional Aircraft.
Depreciation Factor means (A) prior to the first Payment Date following the Closing Date, 0%, (B) on and after the first Payment Date following the Closing Date to but excluding the 48th Payment Date following the Closing Date, 0.2775% (27.75 bps) per month, (C) on and after the 48th Payment Date following the Closing Date to but excluding the 60th Payment Date following the Closing Date, 0.358333% (35.8333 bps) per month and (D) on and after the 60th Payment Date following the Closing Date, 0.441667% (44.1667 bps) per month. “Determination Date” means the last day of each Collection Period. “Direct Operating Expenses” means those expenses incurred in connection with the Borrower’s operation of its business, including, without limitation, taxes, maintenance expenses, service expenses, insurance premiums, compensation for officers of the Borrower and members of its board of directors, rent, and utilities. “Disposition” means the sale, conveyance or other disposition of Equipment expressly permitted under Sections 6.13. ‑10‑ “Disproportionate Advance” is defined in Section 2.3(e). “Dollars” and “$” each means the lawful currency of the United States of America. “DSCR Cure Amount” means a repayment amount (subject to the minimum amount set forth in Section 2.6(a)), when added to the Net Revenue of the Borrower for a period for which the Debt Service Coverage Ratio was less than 1.05:1.00, will result in the Debt Service Coverage Ratio for such period to be at least 1.05:1.00. “Early Amortization Event” shall mean the occurrence of any one or more of the following events:
Depreciation Factor means, (i) with respect to each Initial Aircraft on any date of determination, if positive, the product of (1-kn) and 1.02n , where "n" equals the age of such Aircraft in years from the date of its manufacture and "k" equals a fraction, the numerator of which is 1 and the denominator of which is the Expected Useful Life of such Initial Aircraft and (ii) with respect to each Additional Aircraft, the Depreciation Factor determined by the Board in connection with the issuance of the AerCo Group Additional Notes funding the acquisition of such Additional Aircraft.
Depreciation Factor means (A) prior to March 15, 2013, 0% and (B) on and after March 15, 2013, three and one-third percent (3.33%) per annum.
Depreciation Factor means three and one-third percent (3.33%) per annum.