Low Value Acquisition definition

Low Value Acquisition means an Acquisition of Goods and/ or Services having a value of $10,000 or less. (120-10, 65-12)
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Low Value Acquisition. (LVA) means a Procurement of Goods and/or Services having a value of $25,000 or less and does not include Information Technology applications, software and software subscriptions which require Information Technology approval.
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Low Value Acquisition means an Acquisition of Goods and/ or Services having a value of $10,000 or less. (0120-2010, 0065-2012)
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Examples of Low Value Acquisition in a sentence

  • The valuation data may be recorded on the FAA/BOA form, Value Finding For Low Value Acquisition, (See Appendix page 103) or in any other format that contains the same information.


More Definitions of Low Value Acquisition

Low Value Acquisition or “LVA” means an Acquisition with a Total Cost of $10,000 or less without the need to issue a Bid Solicitation;
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Low Value Acquisition means an Acquisition Valued at less than ten thousand ($10,000) dollars.
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Low Value Acquisition means an Acquisition having an estimated Acquisition Value of less than twenty-five thousand ($25,000) dollars.
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Low Value Acquisition means an acquisition having an acquisition value of $10,000 or less.
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Related to Low Value Acquisition

  • Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Permitted Acquisition Consideration means in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration paid or payable in cash for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Indebtedness and/or Guarantee Obligations, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Indebtedness incurred or assumed in connection with such Permitted Acquisition; provided, in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof for the Borrower or its Restricted Subsidiaries.