Common use of Replacement Cost Clause in Contracts

Replacement Cost. The term “full replacement cost,” as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciation. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned), hereinafter referred to as “impartial appraiser”, every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “"full replacement cost,” " as used ---------------- herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciation. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned), hereinafter referred to as “"impartial appraiser”", every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( (1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “full replacement cost,” "Full Replacement Cost" as used herein, herein shall mean the actual replacement cost of the property requiring replacement Facility from time to time time, including an increased cost of construction endorsement, without reduction less exclusions provided in the normal fire insurance policy. In the event Lessor or deduction for depreciation. Tenant Lessee believes that the Full Replacement Cost has increased or decreased at any time during the Term, it shall have the full replacement cost right at its own expense to have such Full Replacement Cost redetermined by an accredited appraiser approved by Lessor (the insurance company which approval shall not be unreasonably withheld, delayed or conditioned)is then providing the largest amount of casualty insurance carried on the Leased Property, hereinafter referred to as “the "impartial appraiser”, every five years during ". The party desiring to have the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give written notice thereof to Lessorthe other party hereto. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant Lessee shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, Article to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “full replacement cost,” "Full Replacement Cost" as used herein, herein ---------------- shall mean the actual replacement cost of the property requiring replacement Facility from time to time time, including an increased cost of construction endorsement, without reduction less exclusions provided in the normal fire insurance policy. In the event Lessor or deduction for depreciation. Tenant Lessee believes that the Full Replacement Cost has increased or decreased at any time during the Term, it shall have the full replacement cost right at its own expense to have such Full Replacement Cost redetermined by an accredited appraiser approved by Lessor (the insurance company which approval shall not be unreasonably withheld, delayed or conditioned)is then providing the largest amount of casualty insurance carried on the Leased Property, hereinafter referred to as “the "impartial appraiser”, every five years during ". The party desiring to have the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give written notice thereof to Lessorthe other party hereto. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant Lessee shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, Article to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “full replacement cost,” "Full Replacement Cost" as used herein, herein shall mean the actual replacement cost of the property requiring replacement Facility from time to time time, including an increased cost of construction endorsement, without reduction less exclusions provided in the normal fire insurance policy. In the event Lessor or deduction for depreciation. Tenant Lessee believes that the Full Replacement Cost has increased or decreased at any time during the Term, it shall have the full replacement cost right at its own expense to have such Full Replacement Cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned)impartial insurance company reasonably acceptable to both parties, hereinafter referred to as “the "impartial appraiser”, "; provided that such redetermination shall not occur more often than once every five years during three years. The party desiring to have the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give written notice thereof to Lessorthe other party hereto. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant Lessee shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, Article to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “full replacement cost,Full Replacement Cost” as used herein, herein shall mean the actual replacement cost of the property requiring replacement Facility from time to time time, including an increased cost of construction endorsement, without reduction less exclusions provided in the normal fire insurance policy. In the event Lessor or deduction for depreciation. Tenant Lxxxxx believes that the Full Replacement Cost has increased or decreased at any time during the Term, it shall have the full replacement cost right at its own expense to have such Full Replacement Cost redetermined by an accredited appraiser approved by Lessor (the insurance company which approval shall not be unreasonably withheld, delayed or conditioned)is then providing the largest amount of casualty insurance carried on the Leased Property, hereinafter referred to as the “impartial appraiser”, every five years during . The party desiring to have the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give written notice thereof to Lessorthe other party hereto. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant Lessee shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, Article to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “full replacement cost,” as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciation. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned), hereinafter referred to as “impartial appraiser”, every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/21⁄2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “"full replacement cost,” " as used ---------------- herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciationdeduction. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed withheld or conditioneddelayed), hereinafter referred to as “"impartial appraiser”", every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “full replacement cost,” as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciation. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned), hereinafter referred to as “impartial appraiser”, every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( 1/2(½) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “"full replacement cost,” " as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciation. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned), hereinafter referred to as “"impartial appraiser”", every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( (1/2) of the fee, if any, of the impartial appraiser.

Replacement Cost. The term “"full replacement cost,” " as ---------------- used herein, shall mean the actual replacement cost of the property requiring replacement from time to time including an increased cost of construction endorsement, without reduction or deduction for depreciation. Tenant shall have the full replacement cost redetermined by an accredited appraiser approved by Lessor (which approval shall not be unreasonably withheld, delayed or conditioned), hereinafter referred to as “"impartial appraiser”", every five years during the Term, and at such other times that either party believes that full replacement cost has increased or decreased. Tenant shall forthwith, on receipt of such determination by such impartial appraiser, give written notice thereof to Lessor. The determination of such impartial appraiser shall be final and binding on the parties hereto, and Tenant shall forthwith increase, or may decrease, the amount of the insurance carried pursuant to this Section, as the case may be, to the amount so determined by the impartial appraiser. Each party shall pay one-half ( (1/2) of the fee, if any, of the impartial appraiser.