Tangible Fixed Assets definition

Tangible Fixed Assets means, in respect of an Accounting Period, the value (less depreciation computed in accordance with GAAP) on a consolidated basis of all tangible fixed assets of the Group as stated in the then most recent Accounting Information; and

Tangible Fixed Assets. “ means the equipment set forth on Schedule 1.2 hereto and other tangible fixed assets acquired with the proceeds of Indebtedness permitted pursuant to Section 8.2(e).

Tangible Fixed Assets means, measured at the end of an Accounting Period, the value (less depreciation computed in accordance with GAAP) on a consolidated basis of all tangible fixed assets of the Security Parties as stated in the then most recent accounting information delivered to the Administrative Agent hereunder;

Examples of Tangible Fixed Assets in a sentence

• Fixed assets recognised under finance leases are accounted for using the policies applied generally to Tangible Fixed Assets, subject to depreciation being charged over the lease term if this is shorter than the asset’s estimated useful life.

• Depreciation of Lease Assets in Tangible Fixed Assets and Intangible Fixed Assets which are finance leases where the ownership of assets is not transferred to the lessees is calculated using the straight-line method over the lease term with zero residual value unless residual value is guaranteed by the corresponding lease contracts.

• Fixed assets utilised for research and development are capitalised and depreciated in accordance with the policies stated for Tangible Fixed Assets and Intangible Assets.

• Depreciation of Tangible Fixed Assets of the Bank is calculated using the declining-balance method.

• Buildings: 15 years to 50 years Others: 5 years to 15 years Depreciation of Tangible Fixed Assets of the consolidated subsidiaries is primarily calculated using the declining-balance method over their estimated economic useful lives.

More Definitions of Tangible Fixed Assets

Tangible Fixed Assets means, in respect of an Accounting Period, the value (less depreciation computed in accordance with GAAP) on a consolidated basis of all the assets of the Group which would, in accordance with GAAP, be classified as tangible fixed assets, namely items held for ongoing use to the business of the Group including, without limitation, any land, plant, machinery and vessels as such value is stated in the then most recent Accounting Information Provided that, for the purposes of determining compliance with the covenants set forth in Clause 12.2.2, the value of such tangible fixed assets attributable to the Fleet Vessels shall be equal to the aggregate Fair Market Value of such Fleet Vessels rather than the value of such Fleet Vessels as stated in the then most recent Accounting Information.

Tangible Fixed Assets means the equipment set forth on Schedule 1.2 hereto and other tangible fixed assets acquired with the proceeds of Indebtedness permitted pursuant to Section 8.2(e).

Tangible Fixed Assets means the Facilities and Equipment.

Tangible Fixed Assets means any tangible fixed assets described as such in the relevant party’s balance sheet but disregarding any accounting treatment of any such tangible fixed assets which are the subject of a PPP lease to the extent that any of the same are the subject of a lease back to the relevant party which would result in any such tangible fixed assets being recognised as such in the balance sheet of the relevant party at a lower value than their current value;

Tangible Fixed Assets means any tangible fixed assets described as such in LUL’s balance sheet but disregarding any accounting treatment of any such tangible fixed assets which are the subject of a PPP lease to the extent that any of the same are the subject of a lease back to LUL which would result in any such tangible fixed assets being recognised as such in the balance sheet of LUL at a lower value than their current value;

Tangible Fixed Assets means assets which are efficiently operated for a period exceeding one year, and the value of acquisition whereof is not less than the value established by the Government of the Republic of Lithuania (hereinafter: the ‘Government’).

Tangible Fixed Assets means, as at any time, with respect to the Borrower, on an unconsolidated basis, the net book value of the Borrower's tangible assets used in the production of income and not expected to be consumed or converted into cash any sooner than at least one year's time, including without limitation, equipment, office furniture, machinery, tools, rolling stock (including road vehicles) and immovable property;