Depreciation Policy definition

Depreciation Policy means the annual rate at which each UK Borrower or US Borrower, as applicable, charges depreciation against its assets and which has previously been agreed with its auditors and disclosed to Agent prior to the date of this Agreement.

Depreciation Policy. A depreciation policy:

Depreciation Policy. The depreciation policy set forth as Exhibit B hereto, as it may be amended from time to time in accordance with this Indenture.

Examples of Depreciation Policy in a sentence

• ConclusionCouncil has drafted its first Depreciation Policy to improve transparency and outline responsibilities for managing asset useful lives and depreciation.

• A Depreciation Policy is not a requirement under the Local Government Act 1989, but its existence demonstrates the application of best practice in managing the useful lives of Council’s non-current assets, and the subsequent annual depreciation expense applied against the asset portfolio.

• For the avoidance of doubt, the Credit Agreement Depreciation Policy is incorporated by this Credit Agreement, and may only be amended in accordance with the procedures for amending this Credit Agreement provided in Section 16.12.

• This first Depreciation Policy will now outline the processes and responsibilities for managing depreciation for all Council assets.

• Council Officers involved in producing this report Author: Manager Strategic AssetsProof reader(s): Asset Accountant Approved by: Director Infrastructure Other: Manager Finance Executive SummaryThis report is provided to put forward Council’s first Depreciation Policy, developed to govern the depreciation of Council’s non-current assets.

More Definitions of Depreciation Policy

Depreciation Policy. One of the following:

Depreciation Policy. A depreciation policy

Depreciation Policy means the annual rate at which each UK Borrower charges depreciation against its assets and which has previously been agreed with its auditors and disclosed to Agent prior to the date of this Agreement.

Depreciation Policy. One of the following: (i) the depreciation policy set forth on Exhibit F hereto, or (ii) such other subsequent depreciation policy that is utilized by the Borrower, or if the context so requires, the Seller, so long as any such subsequent depreciation policy complies with GAAP and is at least as conservative as the depreciation policy set forth in clause (i) above (e.g., use of depreciation policy would result in (a) a higher annual amount of depreciation or (b) a lower estimated residual value).

Depreciation Policy means the depreciation policy included at Appendix 3 to Schedule 7.1(Charges and Invoicing).

Depreciation Policy. As of the date hereof, (i) with respect to the Eligible Engines, straight line monthly depreciation over a period of fifteen years commencing from the date of acquisition of an Engine until the date on which the value attributable to an Engine is equal to the Depreciation Percentage of its Net Purchase Price and (ii) with respect to Capital Improvements made to the Eligible Engines, straight line monthly depreciation over a period of fifteen years less the number of months transpired from the date of acquisition of the related Eligible Engine, commencing from the date on which such Capital Improvement is made to the related Eligible Engine until the date on which the value attributable to such Capital Improvement is equal to the Depreciation Percentage of the value of such Capital Improvement (such value, as determined in accordance with GAAP on the date on which such Capital Improvement is made). As of any date other than the date hereof, the Issuer may modify the Depreciation Policy with the prior written consent of the Administrative Agent.

Depreciation Policy effect any change to its depreciation policy without the prior written consent of the Majority Lenders such consent not to be unreasonably withheld;