Restoration Cost definition

Restoration Cost has the meaning set forth in Section 5.06.

Restoration Cost means the amount of money paid to the city by a permittee to achieve the level of restoration according to plates 1 to 13 of Minnesota Public Utilities Commission rules.

Restoration Cost has the meaning ascribed thereto in Section 8.01(a).

Examples of Restoration Cost in a sentence

• Any Net Proceeds remaining after final payment has been made for such work and after Lessee has been reimbursed for any portions it contributed to the Restoration Cost shall be paid to Lessee.

• Any Net Proceeds remaining after final payment has been made for such work and after Lessee has been reimbursed for any portions it contributed to the Restoration Cost with respect to any Casualty shall be paid to Lessee and with respect to any Condemnation shall be paid to Lessor.

• The final Restoration Cost will be the average of the two Restoration Cost estimates that are the closest in amount relative to each other.

• If the Restoration Cost is in excess of ten percent (10%) of the Base Purchase Price, Purchaser may, by notice to Seller at any time prior to or within thirty (30) days after the date such Restoration Cost is provided to Purchaser elect to either: (i) subject to Seller’s prior written consent, reduce the Base Purchase Price by the Restoration Cost; or (ii) in its sole discretion, terminate this Agreement, in the latter case by providing written notice to Seller.

• If the Restoration Cost is in excess of ten percent (10%) of the Base Purchase Price, Purchaser may, by notice to Seller at any time prior to or within thirty (30) days after the date such Restoration Cost amount is provided to Purchaser elect to either: (i) subject to Seller’s prior written consent, reduce the Base Purchase Price by the Restoration Cost; or (ii) in its sole discretion, terminate this Agreement, in the latter case by providing written notice to Seller.

More Definitions of Restoration Cost

Restoration Cost means (a) the aggregate cost required to Repair a Casualty Loss and (b) the replacement cost of the Company Asset subject to the Takings Loss.

Restoration Cost has the meaning set forth in Section 5.16. “Scheduled Employees” has the meaning set forth in Section 3.12(a). “Schedule Update” has the meaning set forth in Section 5.15(b).

Restoration Cost means the cost of restoring, repairing or replacing Transferred Assets damaged or destroyed by a Casualty Loss to a condition reasonably comparable to their prior condition, as such cost is mutually agreed in good faith by the Buyer and Seller.

Restoration Cost means the amount of money it will, or did, cost to restore the form and function of the damaged part of covered property by:

Restoration Cost means (a) in the case of a Casualty Loss, the cost of repairing the affected Company Asset (or replacing the affected Company Asset with an asset of similar utility) to substantially the same state and condition prior to such Casualty Loss, and (b) in the case of a Condemnation, the amount of reduction in the fair market value of the Acquired Companies and the Company Assets as a result of such Condemnation or the costs of replacement of any Company Assets subject to such Condemnation.

Restoration Cost means, with respect to a Casualty Loss, the sum of (a) the Casualty Cost with respect to such Casualty Loss, plus (b) the amount of gross margin with respect to such Casualty Loss; in each case arising after the Effective Date and as determined by a qualified firm mutually selected by USAC and the Company promptly after the date of the event giving rise to such Casualty Loss, which firm shall take into account, among other things, a reasonable period that the firm estimates the damaged or destroyed Contributed Assets will remain unrestored.

Restoration Cost has the meaning set forth in Section 5.06. “Satisfaction Date” has the meaning set forth in Section 5.06. “Section 5.03 Side Letter” has the meaning set forth in Section 5.03(b).