Beyond Economic Repair Sample Clauses
The 'Beyond Economic Repair' clause defines the circumstances under which an item, typically equipment or property, is considered too costly to repair relative to its value. In practice, this clause sets a threshold—often a percentage of the item's replacement cost—above which repair is deemed uneconomical, and the item may instead be replaced or written off. This provision helps parties avoid disproportionate repair expenses and provides a clear standard for determining when replacement is more practical than repair, thereby allocating risk and ensuring cost-effective decision-making.
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Beyond Economic Repair or BER is the term applied to a part whose repair or overhaul [****]
Beyond Economic Repair. If the total cost of parts (including VAT) required to repair the boiler exceeds 55% of the manufacturer's current retail price (or if this is not available, the average current retail price available through leading UK suppliers) for a boiler of the same or similar make and model to your boiler or the then current version of your boiler, it will be deemed to be beyond economic repair ("BER").
Beyond Economic Repair. Beyond Economic Repair means damage, destruction or breakdown of the insured equipment to the extent that the estimated cost of repairs of such Insured Equipment, as determined by Us or Our authorized representatives, exceeds the Sum Insured specified for the Insured Equipment, less any applicable Depreciation.
Beyond Economic Repair. “BER”). If an eligible engine leaves the FHA for reasons beyond the control of Spirit, for example, an eligible engine is deemed beyond economic repair, and is replaced by Spirit with a materially dissimilar engine (as determined by IAE in consultation with Spirit), the FHA rates for that engine, and not all eligible engines, will be adjusted. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.