Productive Life definition

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

Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at County’s election, on the date of cessation of production either upon (1) a determination by the County that it is unlikely the improvement(s) will be reactivated as an integral part of a producing facility, and/or

Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at County’s election, on the date of cessation of production either upon (1) a determination by the County that it is unlikely the improvement(s) will be reactivated as an integral part of a producing facility, and/or(2) the expiration of eighteen (18) continuous or non-consecutive months of non-production in any twenty-four (24) month period following the date the property improvement(s) cease to be in active service as part of a facility operating in a producing capacity. Upon cessation of production and for calculation of the recapture amount of taxes, the “productive life” will be determined to begin on the effective date of the tax abatement as set forth in the Agreement.

Examples of Productive Life in a sentence

• YEARS OFLIFELOSTYears of Life Lost (YLL), or Years of Productive Life Lost, is the difference between the standardized age of 65 and the age of a decedent who dies before age 65.

• Productive Life Years (PLYs) is defined as the number of people in the labour force in any given year.

• Mortality may be represented by crude rates or age-adjusted rates (AAM); by degree of premature death (Years of Productive Life Lost or YPLL); and by cause (disease - cancer and non-cancer or injury - intentional, unintentional).

• The former CHS distribution methodology was made up of three components with a percentage appropriated to each as follows: (1) Workload and Cost – 20 percent; (2) Years of Productive Life Loss – 40 percent, and; (3) CHS dependency – 40 percent.

• The following types of property shall be fully taxable and ineligible for a Business Incentive: land, inventories, supplies, tools, furnishings and other forms of moveable personal property, housing, Deferred Maintenance, property to be rented or leased except as provided in Section 2(e), and property which has a Productive Life of less than 10 years.

More Definitions of Productive Life

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

Productive Life means the number of years a property Improvement is expected to be in service as a functioning, operational Facility. The term includes useful life or economic life of a Facility.

Productive Life means the number of years a property improvement is expected to be

Productive Life means the number of years a property improvement is expected to be in service or produce economic activity in a facility.

Productive Life means the number of years a property improvement is expected to be in service. After a cessation of production, the productive life of property improvements may be deemed to end, at College’s election, on the date of cessation of production either

Productive Life means the number of years a property improvement is expected to be in service.(o) “Research Facility” means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.

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