Examples of Replacement Costs in a sentence
Each Party shall have a duty to mitigate any damages or Replacement Costs due under this Agreement upon any termination.
The Parties agrees damages would be difficult to quantify upon an early termination and agrees that any component of Replacement Costs that is characterized as an "early termination fee" is not a penalty.
Prior to the Commercial Operation Date, Owner may terminate this Agreement at any time upon written notice to Utility, which termination shall be effective thirty (30) days after Utility receipt of such notice, subject to Utility’s right to recover from Owner any Replacement Costs, calculated as of the date of termination.
After the Commercial Operation Date, Owner may terminate this Agreement at any time following the fifth year of the Term by giving Utility thirty (30) days prior written notice of Owner's intention to terminate, subject to Utility’s right to recover from Owner any Replacement Costs, calculated as of the Termination Date.