Common use of Replacement Cost Clause in Contracts

Replacement Cost. The term “full replacement cost” as used herein, shall mean the actual replacement cost of the Leased 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 full replacement cost (the then replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost redetermined;

Replacement Cost. The term “"full replacement cost” " as used herein, herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsementtime, less exclusions provided in the standard form of a normal fire insurance policy. In the event If either party believes that full replacement cost (the then replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to may have such full replacement cost redetermined;redetermined by the insurer then providing the largest amount of fire insurance coverage carried on the Property.

Replacement Cost. The term “"full replacement cost” " as used herein, herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsementtime, less exclusions provided in the standard form of a normal fire insurance policypolicy (which, on the Commencement Date is agreed to be not more than $60,000,000). In the event If either party believes that full replacement cost (the then replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to may have such full replacement cost redetermined;redetermined by the insurer then providing the largest amount of fire insurance coverage carried on the Property.

Replacement Cost. The term “full replacement cost” as used herein, shall mean the actual replacement cost of the Leased 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 full replacement cost (the then replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost redetermined;.

Replacement Cost. The term “"full replacement cost” " as used herein, shall mean the actual replacement cost of the Leased 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 full replacement cost (the then replacement cost less such exclusions) has increased or decreased at any time during the Term, it shall have the right to have such full replacement cost redetermined;. -22- 13.

Replacement Cost. The term “"full replacement cost” " as used herein, herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsementtime, less exclusions provided in the standard form of a normal fire insurance policy. In the event If either party believes that full replacement cost (the then replacement cost less such exclusions) has increased or decreased at any time during during, the Lease Term, it shall have the right to may have such full replacement cost redetermined;redetermined by the insurer then providing the largest amount of fire insurance coverage carried on the Property.