Common use of Replacement Cost Clause in Contracts

Replacement Cost. Replacement Cost" as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement Cost" as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement Cost" as used herein, herein shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. The term "Full Replacement Cost" as used herein, herein shall mean the actual replacement cost of the property requiring replacement Facility from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of normal fire insurance policy. In the event either party Lessor or Lessee believes that the then full Full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, it shall have the right at its own expense to have such full Full Replacement Cost redetermined by an independent accredited appraiser approved by the otherinsurance company which is then providing the largest amount of casualty insurance carried on the Leased Property, which approval shall not be unreasonably withheld or delayedhereinafter referred to as the "impartial appraiser. The party desiring to have the full Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give Notice written notice thereof to the otherother party hereto. The determina tion determination of such impartial appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2hereto, and Tenant Lessee shall forthwith conform increase, or may decrease, the amount of the insurance carried pursuant to this Article to the amount so determined by the impartial appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement CostREPLACEMENT COST" as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement Cost" as used herein, shall mean the ---------------- ---------------- actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the ----------- amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement Cost" as used herein, shall mean ---------------- ---------------- the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance ----------- carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement Cost" as used herein, shall mean the actual estimated replacement cost of the property property, including estimated increases in construction costs as determined annually by Landlord and Tenant, requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. The term "Full Replacement Cost" as used herein, shall mean the actual replacement cost of the property requiring replacement thereof from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of normal fire insurance policy. In the event either party Landlord or Tenant believes that the then full Full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, it shall have the right to have such full Full Replacement Cost redetermined by an independent accredited appraiser approved by the otherfire insurance company which is then providing the largest amount of fire insurance carried on the Leased Property, which approval shall not be unreasonably withheld or delayedhereinafter referred to as the "impartial appraiser". The party desiring to have the full Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such impartial appraiser, give Notice written notice thereof to the otherother party hereto. The determina tion determination of such impartial appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2hereto, and Tenant shall forthwith conform increase, or may decrease, the amount of the insurance carried pursuant to this Article, as the case may be, to the amount so determined by the impartial appraiser. Such replacement value determination will not be necessary so long as The party requesting such reappraisal shall pay the Leased Property is insured through a blanket replacement value policyfee, if any, of the impartial appraiser.

Replacement Cost. Replacement Cost" “REPLACEMENT COST” as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost replacement cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost replacement cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost replacement cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section SECTION 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. The term "Full Replacement Cost" as used herein, herein shall mean the actual replacement cost of the property requiring replacement Facility from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of normal fire insurance policy. In the event either party Lessor or Lessee believes that the then full Full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, it shall have the right at its own expense to have such full Full Replacement Cost redetermined by an independent accredited appraiser approved by the otherinsurance company which is then providing the largest amount of casualty insurance carried on the Leased Property, which approval shall not be unreasonably withheld or delayedhereinafter referred to as the "impartial appraiser". The party desiring to have the full Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give Notice written notice thereof to the otherother party hereto. The determina tion determination of such impartial appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2hereto, and Tenant Lessee shall forthwith conform increase, or may decrease, the amount of the insurance carried pursuant to this Article to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.the

Replacement Cost. Replacement Cost" ", as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. The term "Full Replacement Costcost" as used herein, shall mean the actual replacement cost of the property requiring replacement thereof from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of normal fire insurance policy. In the event either party Lessor or Lessee believes that the then full Full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, it shall have the right to have such full Full Replacement Cost redetermined by an independent accredited appraiser approved by the otherfire insurance company which is then providing the largest amount of fire insurance carried on the Leased Property, which approval shall not be unreasonably withheld or delayedhereinafter referred to as the "impartial appraiser". The party desiring to have the full Full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such impartial appraiser, give Notice written notice thereof to the otherother party hereto. The determina tion determination of such impartial appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2hereto, and Tenant Lessee shall forthwith conform increase, or may decrease, the amount of the insurance carried pursuant to this Article, as the case may be, to the amount so determined by the impartial appraiser. Such replacement value determination will not be necessary so long as Lessee shall pay the Leased Property is insured through a blanket replacement value policyfee, if any, of the impartial appraiser.

Replacement Cost. Replacement Cost," as used herein, shall mean the ---------------- ---------------- actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall forthwith conform the ----------- amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement Cost" as used herein, shall mean the ---------------- ---------------- actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2, and Tenant shall ----------- forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.

Replacement Cost. Replacement CostThe term "replacement cost" as used herein, shall mean the actual replacement cost of the insured property requiring replacement from time to time, including an increased cost time with new materials and workmanship of construction endorsement, less exclusions provided in the standard form of fire insurance policylike kind and quality. In the event If either party believes that the then full Replacement Cost replacement cost has increased or decreased at any time during the Term, such party, at its own cost, it shall have the right to have such full Replacement Cost replacement cost redetermined by an independent accredited appraiser approved by impartial national insurance company reasonably acceptable to both parties (the other"impartial appraiser"); provided, which approval however, that in no event shall not be unreasonably withheld or delayedsuch redetermination occur more frequently than one time every three (3) Lease Years without the mutual consent of the parties. The party desiring to have the full Replacement Cost replacement cost so redetermined shall forthwith, on receipt of such determination by such the impartial appraiser, give Notice written notice thereof to the otherother party hereto. The determina tion determination of such the impartial appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section 9.2hereto, and Tenant Lessee shall forthwith conform increase or decrease the amount of the insurance carried pursuant to this Article to the amount so determined by the impartial appraiser. Such replacement value determination will not be necessary so long as Each party shall pay one-half (1/2) of the fee, if any, of the impartial appraiser. If Lessee has made improvements to the Leased Property is insured through a blanket Property, Lessor may at Lessee's expense have the replacement value policycost redetermined at any time after such improvements are made, regardless of when the replacement cost was last determined.

Replacement Cost. Replacement CostREPLACEMENT COST" as used herein, shall mean the actual replacement cost of the property requiring replacement from time to time, including an increased cost of construction endorsement, less exclusions provided in the standard form of fire insurance policy. In the event either party believes that the then full Replacement Cost replacement cost has increased or decreased at any time during the Term, such party, at its own cost, shall have the right to have such full Replacement Cost replacement cost redetermined by an independent accredited appraiser approved by the other, which approval shall not be unreasonably withheld or delayed. The party desiring to have the full Replacement Cost replacement cost so redetermined shall forthwith, on receipt of such determination by such appraiser, give Notice thereof to the other. The determina tion determination of such appraiser shall be final and binding on the parties hereto until any subsequent determination under this Section SECTION 9.2, and Tenant shall forthwith conform the amount of the insurance carried to the amount so determined by the appraiser. Such replacement value determination will not be necessary so long as the Leased Property is insured through a blanket replacement value policy.