Net Property and Equipment definition

Net Property and Equipment means, with respect to the Company, the Consolidated property and equipment of the Company, net of accumulated depreciation, determined in accordance with GAAP.
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Net Property and Equipment means the book value of all property and equipment of the Borrower and its Subsidiaries, net of depreciation and amortization, determined on a consolidated basis in accordance with GAAP, and as set forth in the most recent financial statements of the Borrower available to the Lenders, giving pro forma effect to acquisitions and dispositions of property and equipment effected since the date of such financial statements.
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Net Property and Equipment means the Company’s and Subsidiaries’ combined real and personal property, including equipment, of the types treated as “property and equipment” under GAAP, net of reserves for depreciation established by the Company or Subsidiaries calculated in accordance and compliance with GAAP consistent with their respective past practices. A pro forma exemplar of Net Property and Equipment is attached as part of Exhibit 9.1.
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Examples of Net Property and Equipment in a sentence

  • Property and Equipment, Net: Property and Equipment in excess of $1,000 and with an estimated useful life in excess of one year are capitalized at cost.

  • Our historical tower site asset costs continue to be depreciated and reported in Net Property and Equipment.

  • But Mercy Care cannot guarantee a specific person will beyour interpreter.

  • Net Property and Equipment Net property and equipment consists of the following (in thousands): December 30, December 31, 2018 2017 Land $ 33,833 $ 33,994 Buildings and improvements 91,665 91,809 Leasehold improvements 125,192 125,204 Equipment and other 402,991 378,509 Construction in progress 11,491 10,983 Total property and equipment 665,172 640,499 Accumulated depreciation and amortization (438,278) (406,168) Net property and equipment $ 226,894 $ 234,331 13.

  • May 31, August 31, 2012 2011 Vehicles $ 12,000 $ -- Less: accumulated depreciation (1,518) -- Net Property and Equipment $ 10,481 $ -- ======== ======== NOTE 4 - GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern.

  • For Private DUs, a major capital project is one that costs more than 0.25% of the recorded amount of the Total Net Property and Equipment in Service in the Private DU’s latest audited Balance Sheet.

  • PROPERTY AND EQUIPMENT Property and Equipment are presented at cost less accumulated depreciation and are detailed as follows: 1998 1997 -------- -------- Land and Buildings $ 12,398 $ 12,094 Equipment 38,773 36,507 Furniture and Fixtures 12,074 12,386 Automobiles 2,606 3,088 Leasehold Improvements 2,316 3,526 -------- -------- 68,167 67,601 Less: Accumulated Depreciation (44,725) (44,095) -------- -------- Total Net Property and Equipment $ 23,442 $ 23,506 ======== ======== 3.

  • Property and equipment consisted of the following: 2021 2020 Land$ 11,416,217$ 11,416,217 Building34,521,62034,374,754 Furniture and Equipment3,100,8003,100,800 Software 786,669 764,453 Total49,825,30649,656,224 Less Accumulated Depreciation (14,123,162)(12,917,312) Net Property and Equipment $ 35,702,144 $ 36,738,912 During 2020, the Center wrote off the amount recorded from Campus Management Software - Work in Progress.

  • Net Property and Equipment and DepreciationProperty and equipment is stated at cost.

  • Property and equipment consist of the following at December 31: 2019 2018 Computer equipment and software$ 208,311$ 197,620Furniture and fixtures19,42519,425Website 53,069 53,069 280,805270,114Less: Accumulated depreciation 193,527 149,479 Net Property and Equipment $ 87,278 $ 120,635 Depreciation expense was $50,583 and $38,004 for the year ended December 31, 2019 and 2018, respectively.


More Definitions of Net Property and Equipment

Net Property and Equipment means, with respect to the Statement of Net Assets and the Closing Date Statement of Net Assets, "Net Property and Equipment" as set forth thereon, determined in accordance with the Accounting Principles applied to determine "Net Property and Equipment" as set forth on the Statement of Net Assets.
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Related to Net Property and Equipment

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • Leased Equipment means the computers, servers, machinery and equipment and other tangible personal property leased by Seller for use in the operation or conduct of the Business.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Machinery and equipment shall have the meaning specified in Section 1.1(c).

  • Farm equipment means equipment used directly for farming

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Qualified machinery and equipment means all new industrial

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • BT Equipment means any equipment, including any Software, owned by or licensed to BT Group that is located at a Site for the provision of a Service.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • movable property means property of every description except immovable property;

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Furniture and Equipment means the furniture and equipment, other than motor vehicles, leased or owned by the Failed Bank and reflected on the books of the Failed Bank as of Bank Closing and located on or at Bank Premises, including without limitation automated teller machines, carpeting, furniture, office machinery (including personal computers), shelving, office supplies, telephone, surveillance, security systems and artwork. Motor vehicles shall be considered other assets and pass at Book Value. Furniture and equipment located at a storage facility not adjacent to a Bank Premises are excluded from this definition.

  • Excluded Personal Property means the following:

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Leased Intangible Property means all agreements, service contracts, equipment leases, booking agreements and other arrangements or agreements affecting the ownership, repair, maintenance, management, leasing or operation of the Leased Property, or any portion thereof, to which Landlord is a party; all books, records and files relating to the leasing, maintenance, management or operation of the Leased Property, or any portion thereof, belonging to Landlord; all transferable or assignable permits, certificates of occupancy, operating permits, sign permits, development rights and approvals, certificates, licenses, warranties and guarantees, rights to deposits, trade names, service marks, telephone exchange numbers identified with the Leased Property, and all other transferable intangible property, miscellaneous rights, benefits and privileges of any kind or character belonging to Landlord with respect to the Leased Property.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.