Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed.
Nonseverable shall describe an Alteration or part of an Alteration which cannot be removed from the existing Improvements or the Land without causing material damage to the Property; provided that Lessee’s Equipment and Personalty shall not be construed as Nonseverable.
Nonseverable means a Modification or part of a Modification which cannot be readily removed from the Leased Property without causing material damage to or materially impairing the Fair Market Value, utility, useful life or residual value thereof as set forth in the Appraisal delivered on or prior to the Document Closing Date.
Examples of Nonseverable in a sentence
Provisions of Plan and Order are Nonseverable and Mutually Dependent.
Nonseverable industrial facilities as used herein are defined as industrial fa- cilities located on other than Govern- ment-owned land, and which, after erection or installation, cannot be re- moved without substantial loss of value or damage thereto, or to the premises where installed.(2) Policy.
Non-severable services may occur at a contract line item level as defined in DFARS 204.7101.
Type of Service Requirements Select Severable, Non-severable Service, or Not Applicable for this Order Line.
Non-severable services are services that constitute a single, indivisible undertaking for which the requesting agency receives no benefit until theentire project is completed.
More Definitions of Nonseverable
Nonseverable shall describe (i) with respect to any Alteration, an Alteration which is a "nonseverable improvement" within the meaning of Revenue Procedure 79-48 and (ii) with respect to any part not constituting an Alteration or part of an Alteration, a part which cannot be readily removed from the equipment without causing material damage to the Facility.
Nonseverable shall describe a Modification or part of a Modification which cannot be readily removed from the Leased Property without causing material damage to or materially impairing the value of the Leased Property.
Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed. Precious metals means silver, gold, platinum, palladium, iridium, osmium, rhodium, and ruthenium. Production scrap means unusable material resulting from production, engineering, operations and maintenance, repair, and research and development contract activities. Production scrap may have value when re-melted or reprocessed, e.g., textile and metal clippings, borings, and faulty castings and forgings. Property means all tangible property, both real and personal.
Nonseverable means a Modification or part of a Modification which cannot be readily removed from the Leased Property without causing material damage to or materially impairing the Fair Market Value, utility, useful life or residual value thereof as set forth in the Appraisal delivered on or prior to the Initial Advance Date, as reduced for any Liquidated Damages paid by the General Contractor or under the General Construction Agreement as compensation for diminution in Fair Market Value of the Modification.
Nonseverable means, with respect to any Alteration, any Alteration that is not a Severable Alteration.
Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed. "Precious metals" means silver, gold, platinum, palladium, iridium, osmium, rhodium, and ruthenium.
Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed. Plant equipment as used in this part, means personal property of a capital nature (including equipment, machine tools, test equipment, furniture, vehicles, and accessory and auxiliary items) for use in manufacturing supplies, in performing services, or for any administrative or general plant purpose. It does not include special tooling or special test equipment. Precious metals means silver, gold, platinum, palladium, iridium, osmium, rhodium, and ruthenium.