Examples of Replacement Value in a sentence
Lessee acknowledges that, in addition to being used for the purpose of determining a fair and reasonable rental price, the Fair Market Value of the Property Item(s) is also an estimate of the Replacement Value of the Property Item(s).
However, if CFW believes that, at the time of replacement, the actual Replacement Value is greater than the Fair Market Value, CFW may have the Property Item(s) valued by the Appraisers to determine the actual Replacement Value to be paid to CFW by Xxxxxx, and Xxxxxx agrees to pay CFW such actual Replacement Value.
If You sign to DECLINE StoreProtect, You understand that: You are required to arrange insurance at Your own expense to cover the stated Maximum Replacement Value of the Property.
Logo Mats In the event that Customer decides to delete any mat bearing the Customer’s logo (Logo Mat) from the rental program, changes the design of the Logo Mats, terminates this agreement for any reason or fails to renew this Agreement, the Customer will purchase at the time of deletion, design change or termination, all remaining Logo mats that the Company has in service and out of service held in inventory at the then current Loss/Damage Replacement Value.
Repair Replacement Value - Upon the expiration or sooner termination of the Rental Period, Lessee shall return the Property Item(s) to CFW in the same condition as received, except for normal wear and tear.