Replacement Value. The term “full replacement value” means the actual replacement cost thereof from time to time, including increased cost of construction endorsement, with no reductions or deductions. Tenant shall, in connection with each annual policy renewal, deliver to Landlord a redetermination of the full replacement value by the insurer or an endorsement indicating that the Leased Property is insured for its full replacement value. If Tenant makes any Permitted Alterations (as hereinafter defined) to the Leased Property, Landlord may have such full replacement value redetermined at any time after such Permitted Alterations are made, regardless of when the full replacement value was last determined.
Replacement Value. In the case of (A) and (B) above there must be a rider to the Artist's contract executed which clearly stipulates the replacement value of the Artist's wardrobe item in the event of loss or damage, and the agreement of the Theatre to reimburse the Artist for that amount should such loss or damage occur pursuant to the provisions of Article 32:00.
Replacement Value. The term “full replacement value” means the actual replacement cost thereof from time to time, including increased cost of construction endorsement, with no reductions or deductions. Tenant shall, in connection with each annual policy renewal, deliver to Landlord a redetermination of the full replacement value by the insurer or an endorsement indicating that the Leased Property is insured for its full replacement value. If Tenant makes any Alterations to the Leased Property, Landlord may have such full replacement value redetermined at any time after such Alterations are made, regardless of when the full replacement value was last determined.
Replacement Value. Equipment coverage shall be provided in replacement cost basis. Lessee agrees to whatever replacement value is set by Gear Up. If provided on actual cash basis, and in the event of loss and/or damage, Lessee shall pay the difference between the actual cash value and replacement cost. If the property is in need of repair upon Lessee’s return of same, Lessee shall pay all costs of such repair. If the Property is damaged beyond repair or lost or destroyed from any cause, Lessee shall pay Gear Up the replacement cost for such Property, without any allowance for depreciation or obsolescence. Repair or replacement of said equipment will be the sole decision of the Gear Up. It is further understood and agreed that Lessee shall be obligated for loss of rental income until such time as equipment is fully repaired and returned to Gear Up or full payment in settlement of loss received by Gear Up.
Replacement Value. CCC shall, at its option, either obtain replacement value insurance for damage by fire or casualty to the Convention Center, or self insure for an equivalent amount. In the event that the Convention Center or any portion thereof shall be damaged or destroyed at any time or times during the term hereof by fire, casualty or any other cause, Management Company shall give prompt notice to CCC and CCC shall, to the extent of insurance proceeds or self insurance, with due diligence, repair, rebuild or replace the same so that after such repairing, rebuilding or replacing, the Convention Center shall be substantially the same, to the extent of insurance proceeds or self insurance, as prior to such damage or destruction. If CCC fails to undertake such work within ninety (90) days after notice of the fire or other casualty, or shall fail to complete same diligently, within a reasonably time period agreed to between CCC and Management Company, Management Company may, at its option, terminate this Agreement by written notice to CCC effective as of the date sent. Notwithstanding anything to the contrary contained herein, to the extent such loss is not covered by insurance, CCC shall not have any obligations for repair, rebuilding or replacing the Convention Center in the event all or a substantial part of the Convention Center shall be destroyed or damaged by fire or casualty.
Replacement Value. Replacement Value is the cost of reproduction of a similar Building with similar specifications at the current Market Price on the date of Valuation. It is also called as Reproduction Value or Reinstatement Value.
Replacement Value. The term "FULL REPLACEMENT VALUE" means the actual replacement cost thereof from time to time including increased cost of construction endorsement, with no reductions or deductions. Tenant shall, in connection with each annual policy renewal, deliver to Landlord a redetermination of the full replacement value by the insurer or an endorsement indicating that the Premises is insured for its full replacement value. If Tenant makes any alterations to the Premises, Landlord may have such full replacement value redetermined at any time after such alterations are made, regardless of when the full replacement value was last determined.
Replacement Value replacement value, as agreed by both parties and updated every five years, at a minimum
Replacement Value. In the event of property insured under this section being lost or damaged, the basis upon which the amount payable under this section is to be calculated shall be the cost of replacing or reinstating property of the same kind or type but not superior to or more extensive than the insured property when new, subject to all the other terms and conditions of this section except in so far as they may be varied hereby.
Replacement Value. The term “full replacement value” means the actual replacement cost thereof from time to time, including increased cost of construction
