Beyond Economic Repair means wear, tear or damage to an item of Eligible Equipment beyond economic repair.
Beyond Economic Repair or “BER” is the term applied to a part whose repair or overhaul will exceed [*]% of Boeing’s then current price for a new such replacement part.
Beyond Economic Repair or “BER”—When the cost, calculated on a Supplemental Work basis, to restore an Engine to the requirements of the Repair Specification exceeds 65% of the fair market value of a comparable Serviceable Engine.
Examples of Beyond Economic Repair in a sentence
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Credit will not be given for early return.• Operator will be liable for full ‘Out of Network’ rental rates if Operator engine repair cannot be confirmed at a Honeywell Network Partner Repair facility or there is an excessive delay in returning the unit.• If Operator APU is considered unrepairable or Beyond Economic Repair (BER), the Operator has 30 days to return the Honeywell asset or bailment Extended Usage Fee will be assessed.
If Your Car is deemed by Us to be Beyond Economic Repair before You have paid all monthly instalments, the outstanding premium will be deducted from anysettlement to Your Car’s owner under this insurance.
If Your Taxi is deemed by Us to be Beyond Economic Repair before You have paid all monthly instalments, the outstanding premium will be deducted from any payment to Your Taxi’s owner under this insurance.
The policy will be automatically cancelled in case of Total loss/ Beyond Economic Repair /Theft Claims without refund of any premium.
More Definitions of Beyond Economic Repair
Beyond Economic Repair or “BER” - When the cost, calculated on a Supplemental Work basis, to restore an Engine to the requirements of the Repair Specification [*****] of the fair market value of a comparable Serviceable Engine.
Beyond Economic Repair means in the opinion of our approved engineer, the cost of repair is 60% of the manufacturer’s current retail price. In the event that your domestic boiler is declared beyond economic repair and is under 7 years old, we will make a contribution of £200 towards replacing it. Call Out - means a request for emergency assistance from you, even if the request is then cancelled by you. Claim Limit - means the maximum amount payable by us as stated under each section of cover, including call out charges, labour, parts and materials (including VAT), and subject to prior agreement from us. Commencement Date - means the start of the service contract as shown in the schedule. Domestic Boiler - means the central heating boiler contained within and supplying your home that is powered by natural gas from the appliance isolating valve, including all manufacturers fitted components within the boiler together with the pump, motorised valves, and thermostat. We will not cover any boiler that has an output in excess of 60kW/hr.
Beyond Economic Repair means any Supported Equipment, which has come to the end of its natural service life or which is beyond economic repair. Supported Equipment shall be deemed to be Beyond Economic Repair, where: a) the cost of the required replacement to make the Supported Equipment properly functional (for the avoidance of doubt, excluding any labour costs) will exceed 50% of the current list or new replacement equipment price, as determined by SCC; b) any required spare parts or components are no longer available from the manufacturer; and/or c) any item of Supported Equipment experiences or suffers persistent or reoccurring faults or component failure, provided always that Beyond Economic Repair will be evidenced by SCC’s engineer in a written report, which will state the reason(s) why the item has become Beyond Economic Repair; Business Day means a day, other than a Saturday, Sunday or public holiday in England, when banks in London are open for business;
Beyond Economic Repair means, in relation to a Supported Item, that it has come to the end of its natural service life as defined by the manufacturer or where (i) the cost of the required replacement with original manufacturer parts to make the Supported Item properly functional (for the avoidance of doubt, excluding any labour costs) will exceed 50% of the current list or new replacement Supported Item price; or (ii) repair requires replacement of original manufacturer parts or components which are no longer available from the manufacturer and/or any approved alternative component supplier; or (iii) a Supported Item which experiences or suffers persistent or reoccurring faults or component failure; or (iv) the electrical safety condition and operation of the Supported Item could be considered a health and safety hazard;
Beyond Economic Repair means any Equipment, which has come to the end of its natural service life or which is beyond economic repair and any Equipment shall be deemed to be Beyond Economic Repair, where (i) the cost of the required parts to make the Equipment properly functional (for the avoidance of doubt, excluding any labour costs) will exceed the current list or new replacement equipment price (as determined by SCC) and/or (ii) any required spare parts or components are no longer available from the manufacturer and/or (iii) any item of Equipment experiences or suffers persistent or reoccurring faults or component failure provided always that Beyond Economic Repair will be evidenced by SCC’s engineer in a written report which will state the reason(s) why the item has become Beyond Economic Repair and agreed by the Customer acting reasonably and in good faith;
Beyond Economic Repair or “BER” is the term applied to a part whose repair or overhaul [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].
Beyond Economic Repair means wear, tear or damage to an item of Eligible Engine that is beyond economic repair.