Useful life definition

Useful life means the relevant period of distance and/or time over which compliance with the relevant gaseous and particulate emission limits has to be assured.

Useful life means the relevant period of distance and/or time over which compliance with the OBD system has to be assured.

Useful life means the period of time over which a structure or a component of a property may reasonably be expected to perform the function for which it was designed.

Examples of Useful life in a sentence

• Useful life is either:• the period of time over which an asset is expected to be used by the municipality; or• the number of production or similar units expected to be obtained from the asset by the municipality.

• Useful life is either: the period of time over which an asset is expected to be used by the municipality; or the number of production or similar units expected to be obtained from the asset by the municipality.

• Useful life is either:Ÿ the period of time over which an asset is expected to be used by the municipality; orŸ the number of production or similar units expected to be obtained from the asset by the municipality.

• Useful life is either:• the period of time over which an asset is expected to be used by the economic entity; or• the number of production or similar units expected to be obtained from the asset by the economic entity.

• Useful life is either:• (a) the period of time over which an asset is expected to be used by the municipality; or• (b) the number of production or similar units expected to be obtained from the asset by the municipality.

More Definitions of Useful life

Useful life means the estimated period during which a treatment works will be operated.

Useful life means the estimated period during which the water works will be operated.

Useful life means the estimated period during which the collection system and/or treatment works will be operated.

Useful life means the estimated period of time over which the funded facility will serve its intended purpose in a cost-effective manner from the estimated initiation of operation date.

Useful life means the economically useful life of the Project beginning at Completion of Construction and is set forth in Exhibit A.

Useful life means, for the purposes of this article:

Useful life means the estimated time during which a reserve component is expected to perform its intended function without major maintenance, repair, or replacement.