Expected Useful Life means, with respect to each ACS Group Initial Aircraft, 25 years or, in the case of (i) any ACS Group Aircraft that undergoes an ACS Group Aircraft Conversion, 30 years or (ii) the four B737-330QCs and the A310-300F Aircraft, 30 years, and, with respect to any ACS Group Additional Aircraft (not including any ACS Group Additional Aircraft acquired by way of a contribution), the "Expected Useful Life" established by or pursuant to a Board Resolution or Guarantor Board Resolution, as applicable, or in any indenture supplemental hereto or to the Guarantor Indenture providing for the issuance of ACS Group Additional Securities to fund the acquisition of such ACS Group Additional Aircraft or ACS Group Aircraft Conversion (subject to the consent of the Policy Provider, the Initial Credit Facility Provider and receipt of a Rating Agency Confirmation, in the case of the issuance of the ACS Group Additional Securities).
Expected Useful Life means the estimated number of years from the date on which
Expected Useful Life means, with respect to each Initial Aircraft, 30 years and, with respect to any Additional Aircraft, the "Useful Life" established by or pursuant to a Controlling Trustees' Resolution or in any indenture supplemental hereto providing for the issuance of Additional Securities to fund the acquisition of such Additional Aircraft.
Examples of Expected Useful Life in a sentence
This plan will account for inflation, the existing Replacement Reserve balance, and the Expected Useful Life (EUL) of major building systems.
Both the PNA and CNA shall provide a Life Expectancy analysis including Estimated Age, Expected Useful Life (EUL), and Effective Remaining Life (ERL) of the following minimum elements: roof; siding/exterior walls; windows; doors (interior/exterior, and overhead garage); plumbing fixtures; HVAC Systems; and kitchen appliances.
Capital needs over a term may include component replacement and major maintenance over a term due to Expected Useful Life (EUL) estimates.
The Fannie Mae Expected Useful Life Tables should be used as guide to determining the components and systems that need to be replaced in order to meet the duration of all tax credit program obligations.
However, affordable units may have different in unit finishes than market rate units in the development, as long as the materials, appliances and building systems are durable, of good and new quality and consistent with the then current standards for new housing and can meet the minimum Expected Useful Life (EUL).
More Definitions of Expected Useful Life
Expected Useful Life means the estimated number of years from the date on which such estimate is made until the date when, because of the effects of time, weather, stress or wear, a physical asset will become incapable of performing its intended function and will have to be replaced.
Expected Useful Life means, with respect to each Initial Aircraft, 25 years and, with respect to any Issuer Additional Aircraft, the "Useful Life" established by or pursuant to a Controlling Trustees' Resolution or in any indenture supplemental hereto providing for the issuance of Issuer Additional Notes funding the acquisition of such Additional Aircraft.
Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture (or, in the case of cargo aircraft, 30 years from the date of manufacture) and, with respect to any Additional Aircraft (not including any Additional Aircraft acquired by way of a contribution) or Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or such Aircraft Conversion (in any such case, subject to the consent of the Policy Provider and the receipt of a Rating Agency Confirmation).
Expected Useful Life of any Required Capital Expenditure means the expected useful life thereof as of the date such Required Capital Expenditure is made, as determined in accordance with GAAP and as stated in months.
Expected Useful Life means, with respect to each Initial Aircraft, 25 years from the date of manufacture (or, in the case of converted freighter aircraft, 15 years from the date of completion of the conversion to freighter configuration) and, with respect to any Additional Aircraft or an Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or Aircraft Conversion; provided that, for the purposes of calculating the Depreciated Aircraft Value of any Initial Aircraft or Substituted Aircraft, the Expected Useful Life of such aircraft is 25 years from the date of manufacture.
Expected Useful Life means the life of a capital asset over which it can be expected to meet the required performance given its operational requirements, including parameters such as climate, soil conditions, topography, utilisation, and operations and maintenance regime, and over which it will be productively used;
Expected Useful Life means, with respect to each Current Aircraft, 25 years from the date of manufacture (or, in the case of converted freighter aircraft, 15 years from the date of completion of the conversion to freighter configuration, or, in the case of Aircraft with manufacturer’s serial number 755 and manufacturer’s serial number 758, 30 years from the date of manufacture) and, with respect to any Additional Aircraft or an Aircraft subject to an Aircraft Conversion, the “Useful Life” established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of Additional Notes to fund the acquisition of such Additional Aircraft or Aircraft Conversion.