Common use of Wherever Book Value or Depreciated Historical Cost Clause in Contracts

Wherever Book Value or Depreciated Historical Cost. is applicable, the original cost of such assets and those which have come in as replacement assets shall be that cost, established by the Authorisee, to the satisfaction of the Grantor, with Chartered Accountant's, Public Accountant's and valuer's certificates and duly supported by bills and other documents of manufacturers/suppliers/ civil works contractors, the time of installation of the new assets or replacement of the assets as the case may be. Undertaking on Land Titles (To be provided by the Authorisee saying his satisfaction over the land titles and required documents shown by the Grantor) Appendix-13

Wherever Book Value or Depreciated Historical Cost. is applicable, the original cost of such assets and those which have come in as replacement assets shall be that cost, established by the Authorisee, to the satisfaction of the Grantor, with Chartered Accountant's, Public Accountant's and valuer's certificates and duly supported by bills and other documents of manufacturers/suppliers/ civil works contractors, the time of installation of the new assets or replacement of the assets as the case may be. Undertaking on Land Titles (To be provided by the Authorisee saying his satisfaction over the land titles and required documents shown by the Grantor) Appendix-13)