Net Replacement Cost definition

Net Replacement Cost or “NRC” means the Gross Replacement Cost less accumulated depreciation based on Gross Replacement Cost.
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Net Replacement Cost means the actual replacement cost of the Building (excluding foundation and excavation costs, but including the cost of debris removal and of replacing all Equipment appurtenant to, located in or used in connection with the Building) without physical depreciation.
Sample 1
Net Replacement Cost means the quantity of Replacement Fuel purchased by Buyer during the month of non- delivery times the positive, incremental difference between (i) the total delivered cost (on a per MMBtu basis), reasonably incurred by Buyer to acquire such Replacement Fuel and (ii) the total delivered cost (on a per MMBtu basis) of such gas that would have been incurred by Buyer had such quantity been delivered by Seller at the Delivery Points hereunder. Within thirty (30) days after the actual quantities delivered hereunder during the month in question are confirmed by Viking, Buyer shall render to Seller a statement detailing the difference between the Monthly Contract Quantity and the quantity delivered, the quantity of Replacement Fuel, the costs and description of costs incurred by Buyer for such Replacement Fuel and Buyer's Net Replacement Cost. Within thirty (30) days of receipt of such statement, Seller shall reimburse Buyer for Buyer's Net Replacement Cost for the month in question, Buyer agrees to acquire Replacement Fuel at the lowest reasonable price available to Buyer. Seller's payment to Buyer for Buyer's Net Replacement Cost incurred in obtaining Replacement Fuel pursuant to this paragraph shall constitute Buyer's sole and exclusive remedy for Seller's failure to deliver the Monthly Contract Quantity pursuant to this Agreement for the month in question and Seller shall not, under any circumstances whatsoever, be liable to Buyer for any other costs, charges, expenses, losses or damages (except as set forth in Section 6.3 below) of any nature or kind whatsoever, whether direct or indirect, foreseeable or not foreseeable, consequential or incidental and arising from or in any way attributable to or suffered as the result of Seller's failure to deliver gas to Buyer pursuant to the terms of this Agreement during the month in question; except that, if Seller's failure to deliver the Monthly Contract Quantity is as the result of gross negligence or willful misconduct on Seller's part, then Buyer's remedies shall not be so limited.
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Examples of Net Replacement Cost in a sentence

  • Normally a general inflation adjustment for the erosion in the purchasing power of shareholders’ equity would also be applied, but this adjustment is not included in regulatory reporting.Principles of Valuation of Non-current AssetsAssets are stated in the balance sheet at their value to the business, usually equivalent to their Net Replacement Cost (NRC).

  • For the calculation of the Net Replacement Cost, a search of the new cost of reproduction of drilling rigs with similar features in the international market was conducted.

  • See: Section 6.2(b) of the APSA where the APSA Seller’s primary liability for direct damages is described as the payment of the defined Net Replacement Cost – the excess costs incurred by Buyer to complete the Project after terminating Seller.

  • Each of the parties acknowledges that no other declarations were made and that it has not induced the other party to execute this agreement, and that there are no declarations, incentives, promises or agreements not formulated in this agreement, verbal or otherwise, between the parties that is otherwise binding, specifically with respect to this agreement.

  • If, however, the optimised network was valued on a 'built over aperiod, to reflect real life' basis it would be appropriate to use the Net Replacement Cost.

  • These bases are asset metric methodologies driven by Net Replacement Cost (NRC).

  • On the Closing Date, the Representatives shall have received the opinion, dated as of the Closing Date, of Xxxxxxx Xxxxxxxx, Associate General Counsel of the Company, in form and substance satisfactory to counsel for the Underwriters, together with signed or reproduced copies of such letter for each of the other Underwriters, to the effect set forth in Exhibit A hereto and to such further effect as the Representatives or counsel to the Underwriters may reasonably request.

  • The overall CCA asset valuation principle is that the Net Replacement Cost should be derived based on the existing assets if these are still available and are cheaper than the new technology assets.

  • The table below presents the Net Replacement Cost (NRC) and Net Book Value (NBV) of Fixed Assets as set out in Batelco’s 2004 Accounts (LRAIC and FAC).

  • The count of times it have to be replaced is computed by the below equation.8. bX = N − 1 (8)LBThe TNRC (Total Net Replacement Cost) corresponding to the system components is computed using the below cost function given by equation.9.process is given by the below equation.4.R = α ∗ N1+μ∑ j( ) + α *NPVBATTBATTj=5,10,151+iINVSOC(t + 1) = SOC(t) ∗ (1 − σ) + ((EP (t)) +P 1+μ 10 (9)DCEPAC(t) ∗ ηrect − PLD(t)) ∗ ηBC (4) Here SOC𝑚𝑎𝑥 takes the nominal capacity value of the BB.


More Definitions of Net Replacement Cost

Net Replacement Cost means the total of current charges for the replacement facility, ex- clusive of betterments, and the costs of removal of the replaced facility less the amounts credited for materials salvaged or scrapped.
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Related to Net Replacement Cost

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Independent expenditure means an expenditure by a person:

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to: