Demolition Cost definition
Examples of Demolition Cost in a sentence
After completion of construction, Borrower shall maintain an All Risk Casualty Insurance Policy with Vandalism and Malicious Mischief Endorsements, a Full Replacement Cost Endorsement, Contingent Liability from Operation of Building Laws Endorsement, Demolition Cost Endorsement and Increased Cost of Construction Endorsement insuring against loss by fire, wind and all other applicable hazards in the amount of 100% of the replacement cost of the Project and Lender shall be named as mortgagee and loss payee.
If any of the Improvements constitute a legal non-conforming structure under applicable building, zoning or land use laws, such policies shall also include an ordinance or law coverage endorsement which will contain Coverage A: "Loss Due to Operation of Law" (with a minimum liability limit equal to Replacement Cost with a waiver of any co-insurance provisions or an Agreed Value Endorsement), Coverage B: "Demolition Cost" and Coverage C: "Increased Cost of Construction" coverages.
Coverage B - Demolition Cost · Minimum 10% of the replacement cost.
In the event that the Demised Premises or the Improvements constitutes a legal nonconforming use under applicable building, zoning or land use laws or ordinances which are in affect at the time of loss or at the time of reconstruction, the policy shall include an ordinance or law coverage endorsement which will contain Coverage A: Loss Due to Operating of Law, Coverage B: Demolition Cost, and Coverage C: Increased Cost of Construction coverages.
It is estimated that the Group will record a gain of approximately HK$3,700,000 on the deemed disposal of 40% equity interest in Huizhou Jiayifu, being the difference of the Demolition Cost and the net asset value of the Land.
Landlord and Tenant reasonably anticipate that the total costs for the Tenant Improvements and Demolition Cost will not exceed $105.00 per square foot of Usable Area.
Such profit distribution to ▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ takes into account the Demolition Cost.
The cost of the demolition work performed by Landlord, not to exceed $2,500.00 will be included in the Demolition Cost.
The Builder's Risk Policy shall provide coverage against all risks that would be covered by a Builder's Risk Completed Value Policy with All Risk Difference in Conditions, Increase Cost of Construction and Demolition Cost endorsements.
Where any part of the Improvements constitutes a legal non-conforming use or structure under the Requirements of Law, such insurance must include "Ordinance of Law Coverage," with "Time Element," "Loss to the Undamaged Portion of the Building," "Demolition Cost" and "Increased Cost of Construction" endorsements, in the amount of coverage requested by Lender.