Replacement Expenses definition

Replacement Expenses means expenditures for obtaining and installing equipment, accessories, or appurtenances which are necessary during the service life of the publicly owned treatment works to maintain the capacity and performance for which such works were designed and constructed. The term "operation and maintenance" includes replacement.

Replacement Expenses means the expenses (after deduction of any sums recovered or recoverable from all other sources) actually reasonably and necessarily incurred by the Insured to employ a new domestic helper for the replacement of the Insured Person during the Period of Insurance in the event that the Insured repatriated the Insured Person or returned her mortal remains to her country of residence and a valid claim is payable under Section 6 “Repatriation Expenses” of this Policy.

Replacement Expenses expenses incurred to pay for replacements, improvements and/or Maintenance and Repairs of the Improvements or Equipment or portions of either.

Examples of Replacement Expenses in a sentence

• The Company will pay Digital Asset Replacement Expenses and the actual Time Element loss sustained during the Period of Interruption caused by a Cyber Event resulting in the corruption or destruction of the Insured's Digital Assets.

• Replacement Expenses shall mean all reasonable travel and Accommodation costs incurred in sending a replacement Employee to complete the original Journey provided that such travel and Accommodation shall be of a standard up to but not exceeding that used by the original Insured Person.

• Upon satisfactory proof of payment by the Named Organization, the Underwriter will reimburse the Named Organization, up to the General Counsel Replacement Expenses Limit stated in Section V(B) of this Coverage Section, for General Counsel Replacement Expenses actually paid by the Named Organization in connection with a General Counsel Injury Event; provided, that such General Counsel Injury Event is reported to the Underwriter in accordance with Section VII of this Coverage Section.

• The Company shall reimburse the Replacement Expenses incurred up to HK$5,000 per year.

• Hardware Replacement Expenses does not include media or data of any type.

More Definitions of Replacement Expenses

Replacement Expenses means all reasonable and necessary expenses incurred in sending a substitute employee to complete that part of the original insured person’s journey which relates to the official business of the insured person or that of his/ her employer. Such expenses shall be limited to economy return air flight and other essential travelling expenses incurred by the substitute employee for

Replacement Expenses means all reasonable and necessary expenses incurred in

Replacement Expenses means all reasonable and necessary expenses incurred in sending a substitute employee to complete that part of the original insured

Replacement Expenses expenses incurred to pay for replacements, improvements and/or Maintenance and Repairs of the Improvements or Equipment or portions of either, including, without limitation, repairs to, and replacements of, the structural components, roofing, building systems, parking garages and parking lots forming a part of any Collateral Property.

Replacement Expenses means costs and expenses incurred by the named insured to replace its computer system after a designated service provider has determined that a data security event has directly resulted in the named insured’s computer system losing its functionality, sustaining damage beyond repair and rendering the named insured’s computer system useless for its intended purpose.

Replacement Expenses means, for any period, with respect to any one or more of the Projects, the expenses incurred to pay for replacements, improvements and/or maintenance and repairs of the improvements, fixtures or equipment related to such Project(s) or any part thereof, including, without limitation, repairs to, and replacements of the structural components, roofing, building systems, parking garages and parking lots forming a part of such Project(s).

Replacement Expenses means all reasonable and necessary expenses incurred in sending a substitute employee to complete that part of the original Insured Person’s Journey which relates to the official business of the Insured Person or that of his/ her employer. Such expenses shall be limited to economy return air flight and other essential travelling expenses incurred by the substitute employee for travelling to the location at which the Insured Person has sustained an Injury or contracted an Illness resulting in him/her being totally disabled to complete the Journey and which such condition has lasted or likely to last for more than seven (7) days as certified in writing by a Medical Practitioner or where he has died following Injury or Illness.