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 Hotel requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “full replacement cost” as used herein shall mean the actual replacement cost of the Hotel Hotels requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost re-determined.. Hotel Master Management Agreement Ashford TRS Corporation File No. 145765

Replacement Cost. The term “full replacement costFull Replacement Cost” as used herein shall mean the actual replacement cost of the Hotel requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “full replacement costFull Replacement Cost” as used herein shall mean the actual replacement cost of the Hotel Hotels requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Hotel requiring replacement from time without regard to time including an increased cost of construction endorsement, if available, and the cost of debris removaldepreciation. In the event either party to this Agreement Owner believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Termtime, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “full replacement cost” as used herein shall mean the actual replacement cost of the Hotel requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Hotel requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the TermTerm of this Agreement, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “full replacement cost” as used herein shall mean the actual replacement cost of the Hotel requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the TermTerm of this Agreement, it shall have the right to have such full replacement cost re-determined.

Replacement Cost. The term “full replacement cost” as used herein shall mean the actual replacement cost of the Hotel Hotels requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party to this Agreement believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost re-determined.