Cost to repair or replace definition

Cost to repair or replace means the reasonable and necessary amount that you are likely to incur to repair or replace the damaged part of covered property, at the time of loss or damage, with material of like kind and quality and for the same use, without a deduction for deterioration and depreciation. We will not pay to repair or replace undamaged property due to mismatch of color, discontinued, outdated or obsolete material.
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Cost to repair or replace means the reasonable and necessary amount that you are likely to incur to repair
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Examples of Cost to repair or replace in a sentence

  • During the term of this Contract, We will reimburse You, or an authorized repair facility, the Repair Cost to repair or replace any Covered Component of Your Vehicle that has experienced a Mechanical Breakdown, less the applicable Deductible.

  • We will pay the Reasonable Cost to repair or replace damaged fixed glass forming part of Your Vehicle which has a carrying capacity not exceeding 5 tonnes, where the glass is damaged as the result of an Accident.

  • Cost to repair or replace vehicles which are damaged or stolen while the vehicles are used in providing Assistance; provided, however, that Requesting Party's financial obligation under this Section 4.1 (d): (i) shall not apply to any damage or loss resulting from the gross negligence, bad faith or willful misconduct of the Assisting Party, and (ii) shall only apply in excess of, and not contribute with, any valid and collectible first-party physical damage insurance which applies to such loss.

  • The Contractor shall notify the Contracting Officer in a timely fashion of labor relations issues that may cause a significant impact to the workforce.

  • Cost to repair or replace with material of like size, kind and quality.

  • For any equipment owned by the Customer that may affect the integrity or reliability of Bluewater Power’s Distribution System, the Customer is responsible, at their Cost, to repair or replace the equipment.

  • Cost to repair or replace school property may be assessed to parents/guardians.

  • La prescription court à l'encontre des absents et des incapables, y compris des mineurs et des interdits.

  • PLATINUM COVERAGESAMPLEUnder Platinum Coverage, We will reimburse You or an authorized repair facility the Repair Cost to repair or replace any Component of Your Vehicle, not excluded under SECTION III.

  • Cost to repair or replace vehicles which are damaged or stolen while the vehicles are used in providing Assistance; provided, however, that Requesting Party's financial obligation under this Section 4.1 (d): (i) shall not apply to any damage or loss resulting from the gross negligence, bad faith or willful misconduct of the Assisting Party, and (ii) shall only apply in excess of, and not contribute with, any valid and collectible first- party physical damage insurance which applies to such loss.

Related to Cost to repair or replace

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Repairs means the repairs to be made to the Mortgaged Property, as described on the Repair Schedule of Work (Exhibit C) or as otherwise required by Lender in accordance with this Loan Agreement.

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Tooling means tooling inventory, including but not limited to dies, molds, tooling, casting patterns, gauges, jigs, racks and stands for engines, cowls, radome and wheels, aircraft jacks, test benches, test equipment, lathes, welders, grinders, presses, punches and hoists and other similar items (whether or not completed or fixed or handheld).

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.