Diminution of Value definition

Diminution of Value in respect of any Phase of the Project shall mean any reduction in the value based on original fair market value as determined in Step 1 of Section 4.2 of this Fee Agreement, of the items which constitute a part of the Phase which may be caused by (i) the Sponsor’s removal of equipment pursuant to Section 4.6 of this Fee Agreement, (ii) a casualty to the Phase of the Project, or any part thereof, described in Section 4.7 of this Fee Agreement or (iii) a condemnation to the Phase of the Project, or any part thereof, described in Section 4.8 of this Fee Agreement.
Sample 1Sample 2Sample 3
Diminution of Value means the difference in the actual cash value of the auto immediately before a loss and after the repair of the auto.
Sample 1Sample 2Sample 3
Diminution of Value means the actual or perceived loss in market or resale value which results from a direct and accidental loss.
Sample 1Sample 2Sample 3

Examples of Diminution of Value in a sentence

  • In the event of a Diminution of Value, the Company shall make any necessary Equalization Payments which may be due on the Removed Components.

  • In the event of a Diminution of Value under this Section 3.6, the Sponsor shall make any necessary Equalization Payment on the Removed Components.

  • The Policy states: In all other cases, [the Commission] will pay the repair costs unless that cost is disproportionate to the Diminution of Value having regard to the circumstances of the claimant (including his or her stated intentions in relation to repair of the land).

  • Diminution of Value ChargesDiminution of Value Charges means a charge by a Rental Agency for a Rented Automobile that has a reduction in market value, even after repairs have been made, due to Damage or Loss that occurred while rented by a Covered Person.

  • In the event of a Diminution of Value of any Phase of the Project, the payment in lieu of taxes with regard to that Phase of the Project shall be reduced in the same proportion as the amount of such Diminution of Value bears to the original fair market value of that Phase of the Project as determined pursuant to Step 1 of Section 4.1 hereof.


More Definitions of Diminution of Value

Diminution of Value means the actual or perceived loss in market or resale value which results from a direct and accidental loss
Sample 1Sample 2Sample 3
Diminution of Value means the real or perceived decrease in market or resale value that results from an accident or a loss.
Sample 1Sample 2Sample 3
Diminution of Value means a perceived or actual loss in value following a workmanlike repair;
Sample 1Sample 2Sample 3
Diminution of Value means the difference, if any, between the market value of your insured auto, immediately preceding a loss and the market value of your insured auto after repair of physical damage resulting from that loss.
Sample 1Sample 2
Diminution of Value reflects the agreement of the parties that every Adverse Consequence suffered by any of the Touch 1 Corporations will result in a dollar for dollar diminution of value of Touch 1 to Z-Tel, such that Z-Tel will be entitled to indemnification for such Diminution of Value as described in Section 4.2.
Sample 1Sample 2
Diminution of Value means the difference in the Actual Cash Value of the Auto immediately before a loss and after the repair of the Auto.
Sample 1
Diminution of Value shall not mean and shall not include any (i) loss resulting from any lost profits, (ii) Damages (including incidental and consequential damages) or (iii) expense (including costs of investigation and defense and reasonable attorneys' fees), whether or not involving a third-party claim.
Sample 1