Diminished Value Sample Clauses

The Diminished Value clause defines how compensation is determined for the reduction in a property's market value after it has been damaged and subsequently repaired. In practice, this clause typically applies to vehicles or real estate, where even after professional repairs, the asset may be worth less than it was before the damage occurred. By addressing the loss in value that persists post-repair, the clause ensures that the owner is compensated not just for the cost of repairs but also for the residual loss in value, thereby providing a more complete remedy for the financial impact of the damage.
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Diminished Value. We do not cover any loss due to diminished value of any property covered under this policy.
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Diminished Value. City may determine in its sole discretion to accept Defective Work in lieu of requiring Design-Builder to correct or remove and replace the Defective Work. However, Design- Builder shall bear all direct and indirect costs of the Defective Work, and the diminished value to the Project, as determined by City evaluation. If City’s acceptance of Defective Work occurs prior to final payment, City will issue a Change Order incorporating the necessary revisions in the Contract Documents with respect to the Defective Work and affording City the appropriate decrease in the Contract Price.
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Diminished Value. If the Collateral is subject to any uninsured loss, theft, damage or destruction to the Collateral which materially and substantially diminishes the value of the Collateral.
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Diminished Value. The amount by which the resale value of a damaged (or damage repaired) rental car has been reduced for having a significant damage history.
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Diminished Value. As used in this Agreement, “Loss of Use” means a reasonable estimate of all rental revenue we will lose because of damage to or loss of the Vehicle, and “Diminished Value” means the difference between the market value of the Vehicle immediately before and immediately after the injury to the Vehicle. You are responsible for loss due to theft of the Vehicle and any damage caused by vandalism that occurs in connection with a theft if you fail to exercise ordinary care while in possession of the Vehicle. Allowing anyone other than you to use the Vehicle is not an exercise of ordinary care, but a willful and reckless act that is a breach of this Agreement. You will report all accidents involving the Vehicle and all theft of or vandalism to the Vehicle to us and to the police as soon as possible within 12 hours of occurrence. As part of such report, you will provide a written description of the incident and the insurance information of the other parties involved. You will make a reasonable effort to secure evidence from any available witnesses to the incident.
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Related to Diminished Value

  • Value Estimated value excluding VAT: 600 000 000 Euro Maximum value of the framework agreement: 600 000 000 Euro

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Market Value Adjustment Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Appraised Value If an Objecting Party objects in writing to the Initial Valuation within ten (10) days after its receipt of the Valuation Notice, the Objecting Party, within fourteen (14) days from the date of such written objection, shall engage an Independent Appraiser (the “First Appraiser”) to determine within thirty (30) days of such engagement the Fair Market Value of the Partnership Interests (the “First Appraised Value”). The cost of the First Appraiser shall be borne by the Objecting Party. If the First Appraised Value is at least eighty percent (80%) of the Initial Value and less than or equal to one hundred twenty percent (120%) of the Initial Value, then the Purchase Price shall be the average of the Initial Value and the First Appraised Value. If the First Appraised Value is less than eighty percent (80%) of the Initial Value or more than one hundred twenty percent (120%) of the Initial Value, then the Partnership and the Objecting Party shall, within fourteen (14) days from the date of the First Appraised Value, mutually agree on and engage a second Independent Appraiser (the “Final Appraiser”). The cost of the Final Appraiser shall be borne equally by the Partnership and the Objecting Party. The Final Appraiser shall determine within thirty (30) days after its engagement the Fair Market Value of the Partnership Interests, but if such determination is less than the lesser of the Initial Value and the First Appraised Value then the lesser of the Initial Value and the First Appraised value shall be the value or if such determination is greater than the greater of the Initial Value and the First Appraised Value then the greater of the Initial Value and the First Appraised Value shall be the value (the “Final Valuation”). The Purchase Price shall be equal to the Final Valuation and shall be final and binding upon the parties to this Agreement for purposes of the subject transaction.

  • De Minimis Adjustments No adjustment in the number of shares of Common Stock purchasable hereunder shall be required unless such adjustment would require an increase or decrease of at least one share of Common Stock purchasable upon an exercise of each Warrant and no adjustment in the Exercise Price shall be required unless such adjustment would require an increase or decrease of at least $0.01 in the Exercise Price; provided, however, that any adjustments which by reason of this Section 3.7 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations shall be made to the nearest full share or nearest one hundredth of a dollar, as applicable.