Examples of depreciated value in a sentence
Depreciated Value shall be defined as the greater of the original cost of the unit to the Lessor or the current cost of a new unit of equipment.
Customer agrees to reimburse Ryder for loss or damage to all Vehicles up to the Depreciated Value of each Vehicle, as defined in Paragraph 11 A (2), including related expenses, if the Vehicles are operated by drivers under 18.
The Depreciated Value shall be calculated based on an attached schedule when equipment is leased out.
The party designated on Schedule A will provide and maintain at its own expense, physical damage coverage for collision, fire, theft and causes customarily covered by comprehensive physical damage or combined additional coverage insurance, for the full value of the Vehicle, which in no case will be less than the Schedule A Depreciated Value of a Vehicle as described in Section 9.6, with a deductible amount not to exceed the amount specified on Schedule A (“Physical Damage Insurance”).
The definition of "Depreciated Value" is hereby amended by deleting it in its entirety.