Actual value Sample Clauses
The "Actual value" clause defines how the value of an item, asset, or service is determined based on its real, current worth rather than its original cost or a predetermined amount. In practice, this means that compensation, reimbursement, or settlement amounts are calculated using the fair market value at the time of loss or claim, taking into account factors such as depreciation, wear and tear, or market fluctuations. This clause ensures that parties receive or pay an amount that accurately reflects the true value at the relevant time, preventing over- or under-compensation and promoting fairness in financial settlements.
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Actual value. If the accident occurs as of the 61st month after the first registration of the vehicle, the value before the accident is defined on the basis of the actual value of the insured vehicle including the accessories. This is the value (exclusive of VAT) of the insured vehicle on the day of the claim, as determined by the expert(s), with a maximum of the declared value. If the value before the claim of the insured vehicle calculated according to Article
3.8.a. is less than the value before the claim calculated according to Article 3.8.b., the latter will be used to calculate the compensation.
Actual value. Actual value means the amount it would cost to repair or replace property insured, on the date of loss, with material of like kind and quality, with deduction for obsolescence and physical depreciation.
Actual value. If the Accounting Firm resolves some of the remaining objections contained in the Statement of Balance Sheet Objections and/or the Statement of AUC Objections, as applicable, in favor of Buyer and the rest of the remaining objections in favor of Seller (the final amounts as determined by the Accounting Firm are referred to herein as the “Actual Value”), Seller will be responsible for a percentage of the fees and expenses of the Accounting Firm in connection with the resolution of such objections equal to (x) the difference between Seller’s position on value set forth in the Statement of Balance Sheet Objections and/or the Statement of AUC Objections and the Actual Value over (y) the difference between Seller’s position on value set forth in the Statement of Balance Sheet Objections and/or the Statement of AUC Objections, as applicable, and the Buyer’s position on value set forth in the Final Balance Sheet or the Final Closing Statement, as applicable, and Buyer will be responsible for the remainder of the fees and expenses.
Actual value. The value of each Actual Unit determined by multiplying the Initial Value by the sum of (i) 100% and (ii) the aggregate after-tax Underwriting Return on Capital (UROC) of the Company and its subsidiaries over the Award Period, as determined in good faith by the Committee. By way of example, if the standard after tax underwriting return on capital of the Company were to be 13.0% for each year in a three-year Award Period, the aggregate standard after—tax underwriting return on capital of the Company and its subsidiaries over the Award Period would be 44.3% (i.e., 13.0% compounded annually in each of the three years comprising the Award Period) and the Actual Value of each Actual Unit would be $144 (i.e., $100 × 144%).