Limited Replacement Cost Loss Settlement Sample Clauses

Limited Replacement Cost Loss Settlement a. We will pay the cost to repair or replace property covered under SECTION I – PROPERTY COV- ERAGES, COVERAGE B – PERSONAL PROPERTY, except for property listed in item b. below, subject to the following:
Sample 1
Limited Replacement Cost Loss Settlement a. We will pay the cost to repair or replace property covered under SECTION I – PROPERTY COV- ERAGES, COVERAGE B – PERSONAL PROPERTY, except for property listed in item b. below, subject to the following: (1) until repair or replacement is completed, we will pay only the actual cash value of the damaged property; (2) after repair or replacement is completed, we will pay the difference between the ac- tual cash value and the cost you have ac- tually and necessarily spent to repair or replace the property; and (3) if property is not repaired or replaced within two years after the date of loss, we will pay only the actual cash value. b. We will pay market value at the time of loss for: (1) antiques, fine arts, paintings, statuary, and similar articles which by their inherent na- ture cannot be replaced with new articles; (2) articles whose age or history contribute sub- stantially to their value including, but not limited to, memorabilia, souvenirs, and col- lectors items; and (3) property not useful for its intended purpose. However, we will not pay an amount exceeding the smallest of the following for items a. and b. above: (1) our cost to replace at the time of loss; (2) the full cost of repair; (3) any special limit of liability described in this policy; or (4) any applicable Coverage B limit of liability.
Sample 1
Limited Replacement Cost Loss Settlement a. We will pay the cost to repair or replace property covered under SECTION I – PROPERTY COVERAGES, COVERAGE B – PERSONAL PROPERTY, except for property listed in item b. below, subject to the following: (1) until repair or replacement is completed, we will pay only the actual cash value of the damaged property; (2) after repair or replacement is completed, we will pay the difference between the actual cash value and the cost you have actually and necessarily spent to repair or replace the property; and (3) if property is not repaired or replaced within two years after the date of loss, we will pay only the actual cash value. b. We will pay market value at the time of loss for: (1) antiques, fine arts, paintings, statuary, and similar articles which by their inherent nature cannot be replaced with new articles; and (2) articles whose age or history contribute sub- stantially to their value including, but not limited to, memorabilia, souvenirs, and col- lectors items.
Sample 1
Limited Replacement Cost Loss Settlement a. We will pay the cost to repair or replace property covered under SECTION I – PROPERTY COV- ERAGES, COVERAGE B – PERSONAL PROPERTY, except for property listed in item b. below, subject to the following: (1) until repair or replacement is completed, we will pay only the actual cash value of the damaged property; (2) after repair or replacement is completed, we will pay the difference between the ac- tual cash value and the cost you have ac- tually and necessarily spent to repair or replace the property; and (3) if property is not repaired or replaced within two years after the date of loss, we will pay only the actual cash value. b. We will pay market value at the time of loss for: (1) antiques, fine arts, paintings, statuary, and similar articles which by their inherent nature cannot be replaced with new articles; and (2) articles whose age or history contribute sub- stantially to their value including, but not limited to, memorabilia, souvenirs, and col- lectors items.
Sample 1
Limited Replacement Cost Loss Settlement a. We will pay the cost to repair or replace property covered under SECTION I – PROPERTY COV- ERAGES, COVERAGE B – PERSONAL PROPERTY, except for property listed in item b. below, subject to the following: (1) until repair or replacement is completed, we will pay only the actual cash value at the time of loss of the damaged property; (2) after repair or replacement is completed, we will pay the difference between the ac- tual cash value at the time of loss and the cost you have actually and necessarily spent to repair or replace the property; and (3) to receive any additional payments on a re- placement cost basis, you must complete the repair or replacement:
Sample 1

Related to Limited Replacement Cost Loss Settlement

  • Indemnity Limitation for TIPS Sales Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any TIPS sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such indemnity is only permitted, "to the extent permitted by the laws and constitution of [TIPS Member's State]” unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing an "Indemnity" clause that conflicts with these terms is rendered void and unenforceable.

  • Loss Leader; Recycled Products Contractor shall not sell or use any article or product as a “loss leader” as defined in Section 17030 of the Business and Professions Code. If Contractor will sell to the Judicial Council, or use in the performance of this Agreement, goods specified in PCC 12207 (for example, certain paper products, office supplies, mulch, glass products, lubricating oils, plastic products, paint, antifreeze, tires and tire-derived products, and metal products), then with respect to those goods: (i) Contractor shall use recycled products in the performance of this Agreement to the maximum extent doing so is economically feasible, and (ii) upon request, Contractor shall certify in writing under penalty of perjury, the minimum, if not exact, percentage of post consumer material as defined in the PCC 12200, in such goods regardless of whether the goods meet the requirements of PCC 12209.

  • Equipment Procurement If responsibility for construction of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades is to be borne by the Connecting Transmission Owner, then the Connecting Transmission Owner shall commence design of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades and procure necessary equipment as soon as practicable after all of the following conditions are satisfied, unless the Developer and Connecting Transmission Owner otherwise agree in writing: 5.5.1 NYISO and Connecting Transmission Owner have completed the Interconnection Facilities Study pursuant to the Interconnection Facilities Study Agreement; 5.5.2 The NYISO has completed the required cost allocation analyses, and Developer has accepted his share of the costs for necessary System Upgrade Facilities and System Deliverability Upgrades in accordance with the provisions of Attachment S of the NYISO OATT; 5.5.3 The Connecting Transmission Owner has received written authorization to proceed with design and procurement from the Developer by the date specified in Appendix B hereto; and 5.5.4 The Developer has provided security to the Connecting Transmission Owner in accordance with Article 11.5 by the dates specified in Appendix B hereto.