Cost to Cure definition

Cost to Cure means an appraisal method applied to estimate a proper adjustment for damages to a property that can be physically and economically corrected, as described in further detail in the TxDOT Appraisal and Review Manual.
View Source
Cost to Cure means the [discounted] present value of the remedial work to be performed to remove, contain or treat a hazardous substance on the property being valued. The term includes the cost of continued monitoring of the site after the remedial work has been completed if such monitoring is required.
View Source
Cost to Cure. Damages or diminished value of the remainder may be cured by remedial actions, but such costs cannot exceed the damages which must be arrived at first.
View Source

Examples of Cost to Cure in a sentence

  • Building Value New Year Built Effective Year Built Condition Code Remodel Rating Year Remodeled Depreciation % Functional Obsol External Obsol Trend Factor Special Condition Condition % Percent Good RCNLD Dep % Ovr Dep Ovr Comment Misc Imp Ovr Misc Imp Ovr Comment Cost to Cure Ovr Cost to Cure Ovr Comment 0 0 1.000 0 Code Description L/B Units Unit Price Year Cond.

  • Such action by the Owner and Cost to Cure the Contractor are both subject to prior approval of the Engineer.

  • If payments then or thereafter due the Contractor are less than the Cost to Cure, the Contractor shall pay the difference to the Owner.

  • Subject to provisions of section 2 and 3 of this Agreement, the total gross compensation to be paid by ADOT to City of Tempe for the Right of Way Parcel, Improvements and Cost to Cure shall be $3,256,875.00.

  • The purchase price shall be $1,182,474.00, for 80,958 square feet (1.858 acres) of land, more or less, plus $802,107.00 for Cost to Cure for Parking and $1,273,294.00 Cost to Cure for Window Replacement.

Related to Cost to Cure

  • Cure Right shall have the meaning assigned to such term in Section 7.03.

  • Cure Amount has the meaning assigned to such term in Section 7.02(a).

  • Benchmark Unavailability Period means the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.10 and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.10.