Indemnity Value definition

Indemnity Value means the cost necessary to rebuild, replace, repair or restore (as the case may be) Property Insured to a condition substantially the same as its condition at the time of the Damage, but not better or more extensive than that condition, taking into consideration its age, wear and tear and remaining useful life having regard to the nature and location of such property and the purposes for which it is owned, maintained or used by You.

Indemnity Value has the meaning set forth in Section 8.3(c) hereof.

Indemnity Value means with respect to each share of VIALOG Stock issued to a Stockholder pursuant to the Merger, the Offering Price. In satisfaction of a Claim under this Agreement for which a stockholder is liable to VIALOG, until the Second Annual Filing Date, and in lieu of all cash, such Stockholder may tender shares of VIALOG Stock valued at the Offering Price and cash in a ratio not exceeding fifty-one (51) to forty-nine (49), for all payments by such Stockholder, and after the Second Annual Filing Date, cash and shares of VIALOG Stock in such proportion as such Stockholder determines.

Examples of Indemnity Value in a sentence

• If the Property Insured is not replaced or repaired, We will not pay more than the Indemnity Value of the property at the time of Damage, and not more than the Replacement Cost.

• If you are unwilling or unable to reinstate or replace the damaged property, then the damage shall be settled at Indemnity Value.

• If such goods are obsolete, the Basis of Settlement (whether or not such goods are replaced) shall be the original cost to You of such goods or the Indemnity Value, whichever is the lesser.

• If such salvage is not disposed ofby sale, then the basis of settlement of the claim shall be the Indemnity Value of the goods after brands, labels or names have been removed by You or on Your behalf.

• If such property is obsolete, the Basis of Settlement (whether or not such property is replaced) shall be the original cost to You of such property or the Indemnity Value, whichever is the lesser.

More Definitions of Indemnity Value

Indemnity Value means with respect to each share of VIALOG Stock issued to a Stockholder pursuant to the Asset Purchase Agreement, the sum of $11.50. In satisfaction of a Claim under this Agreement for which a stockholder is liable to VIALOG, until January 31, 1999 and in lieu of all cash, such Stockholder may tender shares of VIALOG Stock valued at $11.50 and cash in a ratio not exceeding three (3) to ninety-seven (97), for all payments by such Stockholder, and after January 31, 1999, cash and shares of VIALOG Stock in such proportion as such Stockholder determines.

Indemnity Value has the meaning assigned to it in Section 9.3.

Indemnity Value for buildings or plant means the value of rebuilding, replacing or repair to a condition no better than new less an appropriate allowance for depreciation.

Indemnity Value for stock means the present replacement cost.

Indemnity Value means the original purchase price less an allowance for depreciation (wear and tear) based on the age of the item. Depreciation will be applied at a reasonable rate determined by Us.

Indemnity Value means the volume weighted average of the price per share of Ashford Common Stock in the Escrow Fund over the thirty (30) consecutive trading days immediately prior to the Determination Date (defined in Section 7.2(e)) or Release Date (defined in Section 7.2(e)), as applicable.

Indemnity Value means the value of shares of UNIFAB Common Stock constituting the Merger Consideration or the Asset Purchase Consideration determined from time to time on the basis of the closing price of UNIFAB Common Stock as reported by NASDAQ on the last Business Day prior to the date on which it is determined that an amount is to be paid pursuant to Section 11.6.