Replacement cost value definition

Replacement cost value means the cost at the time of loss of a new item identical to the one damaged, destroyed or stolen. If an identical item is no longer manufactured or cannot be obtained, replacement cost value will be the cost of a new item that is:
Replacement cost value means the estimated cost to
Replacement cost value means: the repair or replacement will be made with materials or property of like kind, quality or function. It shall also include replacement new of unlike kind, quality or function when replacement of like kind, quality or function cannot be accomplished to restore the appearance and function that existed prior to the loss.

Examples of Replacement cost value in a sentence

  • GBS = General building stockMRP = Mean return period RCV = Replacement cost value National Flood Insurance Program (NFIP) SummaryThe following table summarizes the NFIP statistics for the municipality.

  • Your boat’s value can be looked at in three very different ways:• Market value - represents what your property would sell for on the boat market.• Actual cash value - represents what your boat is worth today after adjusting for the normal wear and tear that may have depreciated the replacement value of the boat.• Replacement cost value - represents the cost that it may take to replace or repair your boat if it were destroyed or damaged.

  • Values: l00% Replacement cost value of property/Limit of $5,000 deductible ------ Endorsements Required: o Inflation Guard, and Agreed Amount and Replacement Cost endorsements o List of Locations and Schedule of Values, if Blanket Policy o 438BFU (Loss Payee Endorsement - see copy attached, with enlargement of same for easier reading), in favor of General Electric Capital Business Asset Funding Corporation amended to 30 days notice of change, cancellation or non-renewal.

  • Values: l00% Replacement cost value of property/Limit of $5,000 deductible Endorsements Required: o Inflation Guard, and Agreed Amount and Replacement Cost endorsements o List of Locations and Schedule of Values, if Blanket Policy o 438BFU (Loss Payee Endorsement - see copy attached, with enlargement of same for easier reading), in favor of General Electric Capital Business Asset Funding Corporation amended to 30 days notice of change, cancellation or non-renewal.

  • Number of Buildings and Replacement Cost Value by Municipality Municipality MunicipalitySource: Hazus 3.1 (2010 Census) Notes: RCV = Replacement cost value.

  • All Risk Property/Builders Risk Coverage:2 Replacement cost value at 100%.

  • Values: 100% Replacement cost value of property/Limit of $5,000 deductible Endorsements Required: • Inflation Guard, and Agreed Amount and Replacement Cost endorsements • List of Locations and Schedule of Values, if Blanket Policy • 438BFU (Loss Payee Endorsement - see copy attached, with enlargement of same for easier reading), in favor of Lender amended to 30 days notice of change, cancellation or non-renewal.

  • Replacement cost value ensures that you can replace yesterday’s purchases at today’s prices.

  • Replacement cost value at 100%Risk Coverage (including Contractor’s Equipment, Business Interruption, and Terrorism Coverage) ATTACHMENT IITo TERMS AND CONDITIONS OF PURCHASE SUPPLEMENTAL FEDERAL FLOWDOWN PROVISIONSFOR PURCHASES IN SUPPORT OF FEDERALLY-FUNDED CONTRACTS PCC has entered into an agreement with either the U.S. Government, or another entity which has itself entered into an agreement with the U.S. Government (“Federal Contract”).

  • The ecological community occurs across a large area from Melbourne to the South Australian border.

Related to Replacement cost value

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • 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.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Casualty Value means the market value of the Equipment at the end of the Term or when in relation to a Total Loss, the market value the Equipment would have had at the end of the Term but for the Total Loss. The Casualty Value may be less than but will not be more than the original purchase price of the Equipment.

  • Replacement Value means the price, including accrued interest, at which Equivalent Securities to the Borrowed Securities could be purchased in the principal market for such securities at the time of election by State Street under Section 13.1 hereof.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Cost Basis means (i) for cash, the dollar amount deposited, and (ii) for the other Permitted Investments, the amount paid, excluding accrued interest, by the holder to buy the United States Treasury Securities or the Money Market Fund shares. These amounts may also be known as the tax basis, book value, or tax cost basis.

  • Original Value The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated.

  • Replacement Price means the price, determined by Buyer in a commercially reasonable manner, at which Buyer purchases (if at all) substitute SRECs having the same or subsequent Reporting Year as those SRECs not delivered by Seller for the deficiency or, absent such a purchase, the Market Price for such quantity of SRECs at or during the time that Seller fails to deliver the SRECs, provided that the Market Price shall never exceed the solar alternative compliance payment.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Support Cost Rate means the flat rate at which the Partner will be reimbursed by UN Women for its Support Costs, as set forth in the Partner Project Document and not exceeding a rate of 8% or the rate set forth in the Donor Specific Conditions, if that is lower. The flat rate is calculated on the eligible Direct Costs.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Retail value of a prize means:

  • full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of twenty nine million dollars ($ 29,000,000.00).

  • Rental Value means Business Income that consists of: