Common use of Salvage Value Clause in Contracts

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.

Appears in 3 contracts

Sources: Support and Indemnity Agreement, Infrastructure Agreement, Infrastructure Agreement