New Replacement Cost definition

New Replacement Cost means the cost to replace the Equipment with a new item of the same equipment, or if the same equipment is not available, then the cost to replace the Equipment with a new item of equipment of the same quality, function and capacity.
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New Replacement Cost means the actual cost of replacing a lost, stolen or damaged piece of Equipment as determined by Uniblast and advised to the Hirer.
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Examples of New Replacement Cost in a sentence

  • The cost approach is used to obtain the fair value of the building, supplementary facilities, Office Equipment, Production Engineering, Laboratory Equipment, Equipment Repair and Equipment Factory to perform depreciation calculation using New Replacement Cost method then its value minus depreciation expenses that occurred and can be calculated by calculate square meters of unitsinstalled.

  • If at the time of loss or Damage to any Insured Item under the Policy it is found that the Sum Insured is less than 90% of the New Replacement Cost (as defined under "Sum Insured" above), You will be considered as being Your own insurer for the proportion representing the difference between the new replacement cost and the Sum Insured and You will bear a proportionate share of the loss accordingly.

  • The starting point or basis of the Cost Approach is Reproduction Cost New, Replacement Cost, New, or a combination of both.

  • On August 13, 2014, the Company filed the independent appraisal report on the assets of the Existing Service (SE) that totaled R$5,186,018, which corresponds to investments at the New Replacement Cost (VNR) adjusted for accumulated depreciation through December 31, 2012.

  • Should the New Replacement Cost vary by more than 5 per cent as compared with the latest figure established for the Sum Insured, or change on account of an extension or alteration of the Insured Item, the Insurers shall be en- titled to increase or reduce the Sum Insured accordingly.

  • The SI for each item covered must represent the New Replacement Cost.

  • If at the time of loss of or damage to any Item insured under this Section 6 it is found that the Sum Insured is less than the New Replacement Cost then the amount recoverable by the Insured under this Section 6 shall be reduced in such proportion as the Sum Insured bears to the New Replacement Cost.

  • The Cost Approach or the Depreciated Replacement Cost Method was used in the absence of market data for the sale of assets.6. Property, plant and equipment (continued) The cost approach measures the value by estimating the New Replacement Cost or New Cost of Property Reproduction and then determining the depreciation deductions, which should reflect the age, and condition of the asset in the past and the proposed future useful economic life.

  • The estimated cost to be used is the New Reproduction Cost (New Reproduction Cost) or the New Replacement Cost (New Replacement Cost) after deducting depreciation.

  • While the Preamble refers to Estimated New Replacement Cost, which is the norm, occasions arise when the building may be registered with The National Monuments Council.

Related to New Replacement Cost

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result