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.
Replacement Value means the value of the land where there is no demand or market for the land by reason of the situation or of the purpose for which the land was devoted at the time of the declaration made under section 1 of this Act, and shall be the amount required for reasonable re-instatement equivalent to the condition of the land at the date of the said declaration; and
Replacement Value shall be deemed to be an amount equal to the costs of replacing the Improvements on the Property with new Improvements that contain the same number of Residential Units of substantially equal quality and character. Within ten (10) days after Substantial Completion, Tenant shall deliver an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Sixty (60) days prior to the tenth (10th) anniversary of the date of Substantial Completion and each subsequent tenth (10th) anniversary thereafter for the Term of this Lease, Tenant shall provide an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Such estimate shall determine the current cost (including all hard and soft costs) of rebuilding the entire Project, without regard to depreciation of the Project, which amount shall then be deemed to be the Replacement Value. The amount of Replacement Value shall be adjusted on each anniversary of the initial determination of Replacement Value and of each subsequent decennial redetermination of Replacement Value throughout the Term by a percentage equal to the percentage change in the appropriate index in the Dodge Building Cost Index (or such other published index of construction costs which shall be selected from time to time by the FCRHA, provided that such index shall be a widely recognized measure of construction costs in the insurance industry and appropriate to the type and location of the Project) in effect on such anniversary date as compared to the same index in effect on the date of Substantial Completion or prior redetermination, whichever is latest.
Examples of Replacement Value in a sentence
Property insurance coverage shall be for Replacement Value, as defined in this Lease.
All Construction Work, the estimated cost of which (determined as provided in Section 8.04(b) hereof) is ten percent (10%) of the Replacement Value or more either individually or in the aggregate in any calendar year or (c) that involves work that would materially change the exterior of any Building or the height, bulk or setback of any Building shall be carried out under the supervision of an Architect if the work in question is of a type that is typically carried out under such supervision.
Restoration - Construction Work in Excess of Ten Percent (10%) of the Replacement Value or That Would Affect the Exterior of any Building 36 Section 11.03.
More Definitions of Replacement Value
Replacement Value means the current cost of replacing Your Property as new, except for: ▪ household linen and clothing, motorcars, motorbikes, boats, caravans, motorhomes and any other motorised vehicle, where the Replacement Value allows for the age, quality, degree of use, existing damage and consequent market value; ▪ any Goods which cannot be purchased new (such as antiques or works of art, for example), where the Replacement Value shall be the current market value; and ▪ documents, where the Replacement Value shall be calculated as the physical cost of replacing the documents and/or cost of reprinting, re-issue and/or reconstitution, but excluding the value of the information contained in the documents
Replacement Value means the present cost to the owner of replacing an item with one having the same qual- ity and usefulness.
Replacement Value means the costs of repairing, replacing or reinstating any item of property with materials of like kind and quality on the same or similar site without deduction for physical, accounting or any other depreciation.
Replacement Value has the meaning provided in Section 8.01.
Replacement Value means the cost (excluding all applicable transactional taxes and deliveries and/or shipping costs), at the time of the Claim, to purchase property of like kind and quality and of comparable performance to the applicable Covered Property.
Replacement Value means the reasonable market replacement cost of the Equipment which is commensurate with the age and fair wear and tear of the particular Plant (as agreed between the parties).
Replacement Value means the manufacturer’s list charge for the time being applicable (including the costs of any modifications), or if none such exists, the list charge of that piece of equipment which most closely matches, together with all associated costs including but not limited to the costs of administration, transportation, tax and licences.