Economic Life definition

Economic Life means the number of years a property improvement is expected to be in service in a facility.

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Economic Life means the period over which improvements to real property contribute to property value.

Economic Life means the projected or anticipated useful life of a facility as expressed by a term of years.

Examples of Economic Life in a sentence

• Without prejudice to any provision of any of this Funding Agreement conferring a remedy for failure to achieve any of the Targets, this obligation shall subsist until the Targets have been achieved or, if earlier, until the end of the Useful Economic Life of the Assets.

• Owner represents the Economic Life of the improvements will exceed the term of this Agreement.

• NEW PLANT EXPANSION MODERNIZATION Start Month/Year / Construction Man Years Completion Date If Modernization: / Peak Construction Jobs Estimated Economic Life of Existing Plant Years Added Economic Life from Modernization Years Current Plant Employment Number of Plant Jobs Retained or Created At start/opening in year 5 years into operation in year Estimated Appraised Value on Site Personal Improvements Land Value January 1 Preceding Abatement Agreement: Est.

• The Awardee shall provide the level of broadband service described in the RUS approved Application commencing from the date of Project Completion until the longer of (i) the Composite Economic Life of the facilities financed by the Award as specified on Schedule 1 or (ii) as long as the Note(s) is outstanding.

• During the Useful Economic Life of each Fixed Asset, the Grant Recipient shall not cease to use the Fixed Asset, or any part of the Asset for the Approved Use without the prior written consent of the Authority.

More Definitions of Economic Life

Economic Life means the projected or anticipated useful life of a facility.

Economic Life means the number of the years a property improvement is expected to be in service in a facility; provided, however, in no event shall the number of years exceed the depreciation allowance specified in the Federal Internal Revenue Service Code.

Economic Life means the projected or anticipated useful life

Economic Life means, with respect to an oil and gas property, the time remaining before production of petroleum substances from the property is forecast to be uneconomic;

Economic Life means the projected or anticipated

Economic Life means the number of years a property improvement is expected to be in service in a reinvestment zone.

Economic Life means years from the date of the final disbursement.