Useful Economic Life definition

Useful Economic Life means the period of years following the Final Payment Date that any Asset shall be used for the Approved Use as set out in Schedule 1.
Sample 1Sample 2Sample 3
Useful Economic Life of the Asset: 25th June 2026 (5 years after final payment date MHCLG) Voucher Claim: a claim for payment of the Smart Energy Voucher by the Recipient at the end of the Voucher Period. Voucher Period: the period for Voucher Start Date and ending on the Voucher Expiry Date.
Sample 1Sample 2
Useful Economic Life means the period that any Asset funded by the Grant is capable of contributing to the Project's output Targets (as included at Schedule 3 and as may be further specified in the Application) taking into account the nature of the Asset and its ordinary depreciation, and any requirements related to State Aid Rules/Structural Funds Regulations, and unless otherwise specified/expanded upon in the Project Specific Conditions at Schedule 1, is: the period commencing on the Final Payment Date; and in the case of a Fixed Asset expiring on the [refer to instructions] anniversary of the Final Payment Date; or in the case of a Major Asset expiring on the [fifth] anniversary of the Final Payment Date.
Sample 1

Examples of Useful Economic Life in a sentence

  • Without prejudice to any provision of any of this Funding Agreement conferring a remedy for failure to achieve any of the Targets, this obligation shall subsist until the Targets have been achieved or, if earlier, until the end of the Useful Economic Life of the Assets.

  • During the Useful Economic Life of each Fixed Asset, the Grant Recipient shall not cease to use the Fixed Asset, or any part of the Asset for the Approved Use without the prior written consent of the Authority.

  • Useful Economic Life: the annual depreciation charge for buildings, fixtures, fittings and equipment is sensitive to change in the estimated useful economic lives and residual value of assets.

  • During the Useful Economic Life of each Asset the Grant Recipient shall not create any charge, legal mortgage, debenture, or lien over any Asset without the prior written consent of the Secretary of State (except for Security contemplated by the Project Specific Conditions).

  • City Attorney Alexy stated that the Federal Government and then the State Government have reduced the municipalities ability to regulate cell communications including 5G cell stations.

  • During the year, a review of the Group’s intangible assets resulted in the revision of the Useful Economic Life (“UEL”) of an acquired client list.

  • Depreciation is calculated on the following bases:  Infrastructure - straight line allocation over the life of the asset Buildings – straight line allocation over the life of the property as estimated by the valuer. Land – is not depreciated. Vehicles, plant and equipment – straight line allocation IT and Intangible Assets – straight line allocation The Useful Economic Life of assets in each category can vary depending on the type, make, construction and use of the asset.

  • The court also held that NAGPRA’s vesting of right of con- trol of the associated funerary objects re- moved from Williamson’s land in the Chaco Nation would not result in a taking of prop- erty without compensation within the meaning of the Fifth Amendment of the United States Constitution.For the first issue, the Court was asked to reexamine the meaning of the term “Native American” under NAGPRA to decide whether the Harper Man fell within that definition.

  • Intangible assets and goodwill - Useful Economic Life (‘UEL’) FRS 10 states that goodwill and intangibles should be amortised over their UEL.

  • During the Useful Economic Life of each Asset the Grant Recipient shall not create any charge, legal mortgage, debenture, or lien over any Asset without the prior written consent of the GLA (except for Security contemplated by the Project Specific Conditions).


More Definitions of Useful Economic Life

Useful Economic Life means the 5 year period that the relevant Asset shall be used for the Approved Use as set out in Schedule 2.
Sample 1
Useful Economic Life means the five year period that the relevant Asset shall be used for the Approved Use as set out in Schedule 1. The headings are inserted for convenience only and shall not affect the interpretation of the Agreement. Reference to any legislative and statutory requirement or similar instrument shall be deemed to include reference to any subsequent amendment to, or replacement of, them. References to any person shall, as the context may require, be construed as a reference to any individual, firm, company, corporation, government department, agency or any association or partnership (whether or not having a separate legal personality). Unless the context requires otherwise, the singular shall include the plural and vice versa, and the masculine shall include the feminine and vice versa. Any reference in this Grant Funding Agreement which immediately before the date of exit from the EU (or such later date when relevant EU law ceases to have effect pursuant to Section 1A of the European Union (Withdrawal) Act 2018) is a reference to (as it has effect from time to time): any EU regulation, EU decision, EU tertiary legislation or provision of the European Economic Area (“EEA”) agreement (“EU References”) which is to form part of UK domestic law by application of Section 3 of the European Union (Withdrawal) Act 2018 and which shall be read on and after the date of exit from the EU as a reference to the EU References as they form part of domestic law by virtue of Section 3 of the European Union (Withdrawal) Act 2018 as modified by domestic law from time to time; and any EU institution or EU authority or other such EU body shall be read on and after the date of exit from the EU as a reference to the UK institution, authority or body to which its functions were transferred.
Sample 1
Useful Economic Life means in respect of any Asset the earlier of:
Sample 1
Useful Economic Life means the period that any Asset shall be used for the purpose stated in the Application as specified in the Project Specific Conditions;
Sample 1
Useful Economic Life means the period up to and including the Restriction Date 2 COVENANTS BY THE PURCHASER
Sample 1

Related to Useful Economic Life

  • Special Economic Zone means each Special Economic Zone notified under the proviso to sub-section (4) of section 3 and sub-section (1) of section 4 (including Free Trade and Warehousing Zone) and includes an existing Special Economic Zone;

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

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • exclusive economic zone ’ means the zone established by Presidential Proclamation Numbered 5030, dated March 10, 1983, including the ocean waters of the areas referred to as ‘‘eastern special areas’’ in Article 3(1) of the Agreement between the United States of America and the Union of Soviet Socialist Re- publics on the Maritime Boundary, signed June 1, 1990;

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.

  • Greatest economic need means the need resulting from an annual income level at or below the official poverty guideline as defined in IAPI issued by the department.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Indian-owned economic enterprise means any Indian-owned (as determined by the Secretary of the Interior) commercial, industrial, or business activity established or organized for the purpose of profit, provided that Indian ownership constitutes not less than 51 percent of the enterprise.

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Minimum Generation Emergency means an Emergency declared by the Office of the Interconnection in which the Office of the Interconnection anticipates requesting one or more generating resources to operate at or below Normal Minimum Generation, in order to manage, alleviate, or end the Emergency.

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Economic abuse means any behaviour that has a substantial adverse effect on B’s ability to—

  • Safe haven means a readily recognizable and readily accessible site at which security is present or from which, in the event of an emergency, the transport crew can notify and wait for the local law enforcement authorities.

  • Specially Designated Nationals and Blocked Persons list maintained by the Office of Foreign Assets Control of the United States Department of the Treasury found at: xxxxx://xxx.xxxxxxxx.xxx/ofac/downloads/sdnlist.pdf;

  • Partner Minimum Gain means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Established geographic service area means a geographic area, as approved by the Commissioner and based on the carrier's certificate of authority to transact insurance in this state, within which the carrier is authorized to provide coverage;

  • Atomic Energy Act means the Atomic Energy Act of 1954, as amended.