Estimated Cost of Restoration definition

Estimated Cost of Restoration means the estimated costs of restoring the Project to its former condition.
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Estimated Cost of Restoration means the estimated cost of Restoration as determined by the Board in its sole discretion.
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Examples of Estimated Cost of Restoration in a sentence

  • On the occurrence of any Condemnation of, or damage or destruction to, the Property, the Board shall make a determination as to whether the Estimated Cost of Restoration is 75% or more of the estimated Restored Value of the Property.

  • Upon the occurrence of any damage or destruction to the Project or any part thereof, or upon a complete or partial taking of the Project under eminent domain or by grant or conveyance in lieu thereof, the Board shall make a determination as to whether the excess of Estimated Cost of Restoration over Available Funds is twenty-five percent (25%) or more of the estimated Restored Value of the Project.

  • Th e v a l ua t io n s h o u ld be fixed a s of t h e t i m eof t e r m i na t io n of t h e le a se.( b) Where Estimated Cost of Restoration Exceeds Diminution in Value.

Related to Estimated Cost of Restoration

  • Period of restoration means the period of time that:

  • Restoration means the repair and restoration of the Property after a Casualty or Condemnation as nearly as possible to the condition the Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.