Replacement-in-Kind Clause Samples

Replacement-in-Kind. When Replacement-in-Kind is used as the method of payment the receiving Party shall replace or return supplies in the same condition and conforming to the same configuration as the supplies provided by the supplying Party, or, if so agreed, a later configuration within one year of receipt. The receiving Party is responsible for negotiating return transportation and delivery to the location designated by the supplying Party at the time of request. If the receiving Party does not replace or return supplies within one year, payment must be in cash.

Replacement-in-Kind. Replacement-in-kind allows the receiving party to reimburse the supplying party with the same or substantially similar LSSS within one year of the transaction.36 For example, if Germany provides the United States with 30,000 liters of fuel valued at €50,000, the United States must return 30,000 liters of fuel, or something substantially similar, to Germany within one year.37 Should the United States fail to satisfy their obligation by the deadline, the exchange transaction will automatically convert to a reimbursement transaction, and the U.S. will be required to pay Germany (directing the use of acquisition-only authority in the absence of an ACSA).

Replacement-in-Kind. An exchange transaction conducted under this Agreement in which the receiving Party replaces logistic support, supplies, and services which it has received with logistic, support, and services of an identical, or substantially identical nature.

Replacement-in-Kind. Licensee may maintain, repair, replace, and make like-kind modifications to any Equipment that meets the permitted design and aesthetic requirements, including dimensions and weight of the Equipment, number of enclosures, structural integrity of the support structure, and any other criteria listed in the Code and Policy, and does not increase the power demand, without requiring additional applications, permits, or other Licensor approval.