ACV Payment definition

ACV Payment means an actual cash value payment made on an insurance claim for a Structural Loss, calculated by estimating the replacement cost value of covered damage, and subtracting estimated depreciation, including Nonmaterial Depreciation, and any applicable deductible.
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ACV Payment means any and all amounts comprising sales tax, vehicle title transfer fees of Fifteen Dollars ($15.00), and registration transfer fees of Six Dollars ($6.00), Fees, plus 6% interest to be added to each Class Member’s individual payment.
Sample 1
ACV Payment means an actual cash value payment made on an insurance claim for a Structural Loss, calculated by estimating the replacement cost value of covered damage, and subtracting depreciation, including Labor Depreciation, and any applicable deductible.
Sample 1

Examples of ACV Payment in a sentence

  • Group C: Sproull Class Members Who Would Have Received an ACV Payment But For Application of Non-Material Depreciation.

  • Group B: Sproull Class Members Who Previously Received Full RCBs After Initially Receiving an ACV Payment.

  • Covered Loss” means a first party insurance claim for Structural Loss that: (a) occurred during the Class Periods, and (b) resulted in an ACV Payment by State Auto, or that would have resulted in an ACV Payment, but for the withholding of Nonmaterial Depreciation causing the loss to drop below the applicable deductible.

  • The Class includes: the Representative Plaintiffs and all other certain policyholders under commercial property insurance policies issued by GNY, who made a Structural Loss claim for property located in the State of Illinois during the applicable Class Periods that resulted in an ACV Payment from which Nonmaterial Depreciation was withheld, or that would have resulted in an ACV Payment but for the withholding of Nonmaterial Depreciation causing the loss to drop below the applicable deductible.

  • It is intended to slowly work through future needs in consultation with Group Secretaries.

  • Sproull Class Members Who Previously Received Full RCBs After Initially Receiving an ACV Payment.

  • Covered Loss” means a first party insurance claim for Structural Loss that: (a) occurred during the Class Period, and (b) resulted in an ACV Payment by Allstate.

  • Ohio policyholders from whom Non-material Depreciation was withheld and not subsequently recovered, and who submit a Claim Form, will receive a net payment of 100% of the withheld Non-material Depreciation plus 5% simple interest from the date of the last ACV Payment to the date of Preliminary Approval.

  • Before submission of Bids, Bidders are requested to make themselves fully conversant with all Conditions of the Bid Document and other relevant information related to the works to be executed under the contract.

  • Illinois, and Tennessee Settlement Class Members who timely submit a materially complete Claim Form shall be paid a Claim Settlement Payment equal to 100% of the estimated Nonmaterial Depreciation that was withheld from the ACV Payment on the Class Member’s Covered Loss and not subsequently paid to the Class Member by Defendants, as determined by Defendants, and an interest award as specified in Section 4.1.4 of this Agreement.

Related to ACV Payment

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Delta Payment means as it is described in this Agreement.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.