Unit acquisition cost definition
Unit acquisition cost means the net invoice unit price, including the cost of modifications, attachments, accessories, or auxiliary apparatus necessary to make the property usable for the purpose for which it was acquired.
Unit acquisition cost. With respect to any Unit the sum of (a) the aggregate amount of advances made pursuant to this Agreement with respect to the Unit and (b) all other costs of Owner (including costs incurred by Agent but reimbursed by Owner) with respect to the Unit (except costs which are not properly capitalized and costs for which Owner has been reimbursed or chooses, in lieu of capitalization hereunder, to be reimbursed by Agent, pursuant to the provisions of subsection 9.5 or Section 12 hereof) arising from the acquisition, construction, equipping, and financing (including, without limitation, Financing Costs and Owner's out-of-pocket expenses and fee obligations in connection therewith) prior to the lease of the Unit under the Lease, including all rent under any Ground Lease which is paid or prepaid by Owner. Unit Acquisition Cost shall be reflected in the applicable AFL Unit Leasing Record, as modified by any revised AFL Unit Leasing Record.
Unit acquisition cost has the meaning given in FAR clause 52.245-1.
Examples of Unit acquisition cost in a sentence
As outlined in 45 CFR §74.34 (g), at the end of the Term, AgeWays reserves the right to retain or transfer the title to all items having a Unit acquisition cost of $5,000 or more, to the extent that AgeWays has interest in the equipment.
Unit Prices of submitted data shall be compliant with NASA FAR Supplement 1845.7101-3 Unit acquisition cost, and shall be developed using actual costs to the greatest extent possible, especially costs directly related to fabrication such as labor and materials.
More Definitions of Unit acquisition cost
Unit acquisition cost is any one item of non-expendable personal property; a “Total Aggregate Cost” is the sum total of any number of unit acquisition cost items purchased in one transaction or any number of related procurement transactions where each item’s unit acquisition cost is less than One Thousand Dollars ($1,000). “Total Aggregate Cost” includes multiple procurement purchases over several transactions or periods of any number of similar items or necessary parts of one larger procurement item which total sum costs added together is equal to or above the One Thousand Dollars ($1,000) limit. Only upon approval in writing by ALLIANCE, then CONTRACTOR is authorized to acquire such property. All equipment shall be purchased by the ALLIANCE on behalf of the CONTRACTOR to ensure procurement rules are met, cost estimates are completed as required by law, and the equipment is purchased at a fair and competitive price.
Unit acquisition cost means—(1) For Government-furnished property, the dollar value assigned by the Government and identified in the contract; and (2) For contractor-acquired property, the cost derived from the contractor’s records that reflect consistently applied generally accepted accounting principles.
Unit acquisition cost. With respect to any Unit the sum of (a) the aggregate amount of advances made pursuant to this Agreement with respect to such Unit and (b) all other costs of Owner (including costs incurred by Agent but reimbursed by Owner) with respect to the Unit (except costs which are not properly capitalizable under generally accepted accounting practices, and except costs which Owner is unable to finance under a Credit Agreement, all of which will be reimbursed by Agent pursuant to the provisions of subsection 9.5 or Section 12 hereof) arising from the acquisition, construction, equipping, and financing (including, without limitation, Financing Costs and Owner's out-of-pocket expenses and fee obligations in connection therewith) prior to the lease or sublease of the Unit under the Lease. All costs of Owner related to this Agreement incurred during a calendar year which were not previously allocated to a Unit and not reimbursed by Agent shall be allocated among Units and Parcels of Property (as defined in the Lease) by Owner on or prior to January 10th of the next succeeding year on a pro rata basis based upon the Unit Acquisition Cost for all Units or Acquisition Cost (as defined in the Lease) for all Parcels of Property with respect to which an Initial Advance was made during such previous calendar year, and such allocation by Owner shall be in Owner's sole judgment and shall be conclusive. Owner and Agent agree to amend the AFL Unit Leasing Record for any Unit with respect to which a Final Advance has been made to the extent required to reflect such allocation. Unit Acquisition Cost shall not include Owner's rating agency fees, issuing and paying agency fees and audit fees, which expenses shall be reimbursed by Agent pursuant to subsection 9.5 hereof.
Unit acquisition cost. With respect to any Unit the sum, without duplication, of (a) the aggregate amount of advances made pursuant to this Agreement with respect to the Unit and (b) all other costs of Owner (including, without limitation, costs incurred by Agent but reimbursed by Owner) with respect to the Unit (except costs for which Owner has been reimbursed by Agent, pursuant to the provisions of subsection 9.5 or Section 12 hereof) arising from the acquisition, construction, equipping, and financing (including, without limitation, Financing Costs, Owner's out-of-pocket expenses and fee obligations in connection therewith and payments made by Owner under Section 9 of the Participation Agreement that are to be capitalized into the Unit Acquisition Cost of a Unit in accordance with such Section 9), prior to the lease or sublease of the Unit under the Lease. All costs of Owner related to this Agreement incurred during a calendar year which were not previously allocated to a Unit and not reimbursed by Agent shall be allocated among Units and Parcels of Property (as defined in the Lease) by Owner on or prior to January 10th of the next succeeding year, or the date of any Event of Unit Termination, on a pro-rata basis based upon the Unit Acquisition Cost for all Units or Acquisition Cost (as defined in the Lease) for all Parcels of Property with respect to which an Initial Advance was made during such previous calendar year, and such allocation by Owner shall be in Owner's sole judgment and shall be conclusive.