Total Loss Value definition

Total Loss Value means the published trade "clean" market value for the month in which the Supplier is notified of the Total Loss;

Examples of Total Loss Value in a sentence

  • In the case of total Loss of a unit of Equipment beyond economic repair for any reason, including theft, collision, confiscation, fire, destruction or any other total casualty, regardless of where it may have occurred, Entrant is responsible for and shall promptly pay IMSA the Total Loss Value of such unit of Equipment.

  • In the event of damage or total Loss of any unit of Equipment, IMSA shall not provide Entrant with a substitute or replacement unit of Equipment, until IMSA is in receipt of the Estimated Repair Charge or the Total Loss Value, as applicable, which shall not be deemed a breach of this Agreement.

  • If Entrant has already paid the Estimated Repair Charge for the applicable unit of Equipment, it shall be applied to the Total Loss Value.

  • If Entrant fails to return the Equipment within seven (7) days from the conclusion of the applicable event, the Equipment shall be deemed lost and Entrant shall be required to pay the Total Loss Value of the Equipment in addition to the Late Fee for the seven (7) days.

  • Entrant authorizes IMSA to process charges on the credit card on file for the Entry the Total Loss Value when IMSA determines the Equipment cannot be repaired.

  • Entrant authorizes IMSA to process charges on the credit card on file for the Entry for all Late Fees and if applicable, the Total Loss Value for failing to return the Equipment.

  • If Entrant fails to return the Equipment within seven (7) days from the conclusion of the applicable event, the Equipment shall be deemed lost and Entrant shall be required to pay the Total Loss Value (listed in the chart below) of the Equipment in addition to the Late Fee for the seven (7) days.

Related to Total Loss Value

  • Total Loss Date means, in relation to a Ship:

  • Total Loss means, in relation to a Ship:

  • Gross Value means the wholesale price, or, if there be no such price, the estimated value, with, in either case, freight, landing charges, and duty paid beforehand; provided that, in the case of goods or merchandise customarily sold in bond, the bonded price is deemed to be the gross value. “Gross proceeds” means the actual price obtained at a sale where all charges on sale are paid by the sellers.

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Stipulated Loss Value is the value of each unit of Hardware at various times during the Lease as specified in the applicable Schedule; however, in no event will the Stipulated Loss Value of a Hardware unit exceed its fair market value.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • 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 building codes, ordinances or laws, and without deduction for depreciation.

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • 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.

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

  • 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.

  • 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.

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • 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.

  • Excess valuation assets for a valuation period means, with

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Relevant Amount means the amount of contributions which would have been required to be made by the relevant employer had such contributions been obligatory under the Central Provident Fund Act in respect of —

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.

  • Gross vehicle weight means the weight of a vehicle without load plus the weight of any load on the

  • 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;

  • Net Orderly Liquidation Value means, with respect to Inventory of any Person, the orderly liquidation value thereof, net of all costs of liquidation thereof, as based upon the most recent Inventory appraisal conducted in accordance with this Agreement and expressed as a percentage of Cost of such Inventory.

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Insured Loss means damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a) irrespective of any deductible amounts or coverage limits involved.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.