Salvage Value Sample Clauses
The Salvage Value clause defines the estimated residual value of an asset at the end of its useful life or lease term. In practice, this clause specifies how the salvage value is determined, such as through appraisal or a predetermined formula, and may outline who is entitled to receive any proceeds from the sale or disposal of the asset. Its core function is to provide clarity and prevent disputes regarding the distribution of value remaining in an asset after its primary use, ensuring both parties understand their financial expectations at the end of the agreement.
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Salvage Value. If the Utility Work is reimbursable under this Agreement, the FDOT shall receive salvage value credit for any salvage which shall accrue to the UAO as a result of the above Utility Work. It is the UAO’s responsibility to ensure recovery of salvageable materials and to report the fair market value of same to the FDOT. This Salvage Value credit shall be applied as provided in subparagraph 5 c.
Salvage Value. DCAMM reserves the right to salvage any Existing Equipment/Systems or materials replaced by CONTRACTOR, provided that no utility incentive program prohibits said salvage. If DCAMM does not notify CONTRACTOR in writing five (5) days prior to the commencement of Installation Services of its intent to salvage such Existing Equipment/Systems, then CONTRACTOR shall have the rights to salvage.
Salvage Value. The Grantee shall be entitled to the salvage value of any grant- designated derelict vessel, or any part(s) or accessories thereof, not used in the construction of a permitted artificial reef site, excluding the hull. All such salvage activities not essential to the physical removal of a derelict vessel shall be accomplished after the vessel has been removed from public waters. The salvage value of each vessel shall be deducted by the Grantee when determining the reimbursement request for the removal and disposal costs for each derelict vessel. Vessel hulls must be destroyed and not salvaged in whole. All salvaged materials from such vessels must be removed from the vessels before being sold for salvage. By law, such salvage values must offset the cost of removal to be allowed.
Salvage Value. The FDOT shall receive fair salvage value credit for any salvage which will become available to the UAO as a result of the Utility Work. The submittal shall show the calculation of the UAO Participating Amount in detail for each of the credits required above. The FDOT shall review the calculations and advise the UAO of any objections. In the event that the parties cannot come to an agreement as to the UAO Participating Amount, the FDOT’s determination of the amount shall prevail.
Salvage Value. It is expected that the two temporary energy centres will be removed once Phase 2 begins. Corix will attempt to sell or otherwise re-deploy for value the temporary boilers, to the benefit of ratepayers, but recent experience indicates that the expected salvage value is sufficiently indeterminable that no estimate has been included in the financial model.
Salvage Value. Value of Machinery realised on sales when its useful span of life is over but still it has not become useless.
Salvage Value. Any value that may be realized from salvage will not diminish the amount owed by “you” under the deductible clause nor will it reduce the applicable “limit of insurance”. “
Salvage Value. The Grantee shall be entitled to the salvage value of any grant-designated derelict vessel or any part(s) or accessories thereof, not used in the construction of a permitted artificial reef site, excluding the hull. All such salvage activities not essential to the physical removal of a derelict vessel shall be accomplished after the vessel has been removed
Salvage Value. The lessee, not being the owner of the asset, does not enjoy the salvage value of the asset. • The hirer, in purchase, being the owner of the asset, enjoys salvage value of the asset.
Salvage Value. The estimated amount, expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for possible use elsewhere, as of a specific date. Salvage value will be computed by classification and calculated using the schedule indicated in Addendum No. 3. We care about the environment. All Industrial Appraisal Company reports are provided in electronic format. An additional charge will apply for hard copy reports. Please contact Industrial Appraisal Company if a hard copy is required.