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.
Depreciation of Tangible Fixed Assets of the Bank is calculated using the declining-balance method.
Fixed assets utilised for research and development are capitalised and depreciated in accordance with the policies stated for Tangible Fixed Assets and Intangible Assets.
Tangible Fixed Assets are stated at cost less accumulated depreciation.
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 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, 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; provided that, for the purposes of determining compliance with the covenants set forth in Article VI, the amount of Tangible Fixed Assets attributable to the Vessels shall be equal to the aggregate market value of the Vessels (as determined by an independent London shipbroker acceptable to the Lender) rather than the value of the Vessels as stated in the then most recent Accounting Information.
Tangible Fixed Assets. Means of transportIT equipment and furnitureConstruction (Landscaping)Rights ofuse of assetsOther tangiblefixed assetsTotalYear ended 31 December 2020 Initial net book value-87.043-564.62862.900714.571Purchasing63.34346.89112.0281.314.3846.0521.442.698Outputs-(86.327)-(505.796)(29.238)(621.361)Depreciation expenses(6.666)(65.146)(2.238)(461.594)(37.815)(573.459)Accumulated depreciation for disposals-86.327-408.75629.238524.320Net book value56.67768.7899.7901.320.37731.1361.486.769 Means of transportIT equipment and furnitureConstruction (Landscaping)Rights ofuse of assetsOther tangible fixed assetsTotalYear ended 31 December2019 Initial net book value-130.160-375.78726.168532.116Purchasing-27.596-759.52456.049843.169Outputs---(486.141)(1.096)(487.237)Depreciation expenses-(70.713)-(545.342)(18.514)(634.568) Accumulated depreciation for disposals- --
Tangible Fixed Assets in Schedule 3 to the Danaos Guarantee shall be amended by deleting the word “Tangible” from the definition and deleting the word “tangible” before the words “fixed assets” and all references to “Tangible Fixed Assets” in Schedule 3 to the Danaos Guarantee will be construed to be references to “Fixed Assets”.