Full Contract Value definition
Full Contract Value means, in relation to each Contract, the amount that is derived if when calculating the Full Early Termination Fee the number "89%" is replaced with "100%" in the Termination Fee Formula, but all other variables are kept the same;
Examples of Full Contract Value in a sentence
SUM INSURED Section 1 Construction & Erection "All Risks" Full Contract Value US $90,000,000 Section 2 Third Party Liability Limit of Indemnity US $20,000,000 any one occurrence / unlimited in all during the Period of Insurance.