Depreciation

Depreciation. For each taxable year, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset of 35 for such taxable year, or as otherwise determined using any reasonable method selected by the Manager.

Depreciation. Means, for each Fiscal Year or other applicable period, an amount equal to the federal income tax depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such Fiscal Year or other period, except that, if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or period, Depreciation shall be in an amount that hears the same ratio to such beginning Gross Asset Value as the federal... income tax depreciation, amortization or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; provided, however, that, if the federal income tax depreciation, amortization or other cost recovery deduction for such year or period is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Manager. View More

Depreciation. Shall mean the total amounts added to depreciation and amortization, as reflected on Borrower's financial statements and determined in accordance with GAAP.

Depreciation. As defined in Exhibit 1 to this Agreement.