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• If such property is obsolete, the Basis of Settlement (whether or not such property is replaced) shall be the original cost to You of such property or the Indemnity Value, whichever is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

• In Section 1, Basis of Settlement Clause 3.2 is amended to read: 3.2 On raw materials, supplies and other merchandise not manufactured by You:The replacement cost at the time and the place of replacement, provided that replacement shall have been carried out with reasonable despatch or, if such property is not replaced, the original cost to You of such property or the Indemnity Value, whichever is the lesser.

• We will pay up to $10,000 for the Indemnity Value of personal property of others (including employees) which are lost or damaged by an Event claimable under Section 1 while in Your physical or legal control.

More Definitions of Indemnity Value

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 January 31, 1999 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 January 31, 1999, cash and shares of VIALOG Stock in such proportion as such Stockholder determines.

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 has the meaning assigned to it in Section 9.3.

Indemnity Value means $400,000.

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 (A) to the extent that a Loss is paid or accrued after a Buyer IPO, the average closing price of Buyer Common Stock quoted on any exchange on which Buyer Common Stock is listed, as published in The Wall Street Journal for the ten (10) trading days prior to but not including the date of delivery of such payment or accrual of the Loss(es) set forth in the Claim Notice, (B) to the extent that a Loss is paid or accrued prior to a Buyer IPO, 0.85 multiplied by the price per share (on an as converted to Buyer Common Stock basis) at which Buyer shall have sold its then most recently issued series of Preferred Stock, and (C) to the extent a Loss arises from a Deliberate Bad Act by Seller or any Shareholder, whether paid or accrued prior to or after a Buyer IPO, 0.85 multiplied by the price per share (on an as-converted to Buyer Common Stock basis) at which Buyer sells its next issued series of Preferred Stock after the date of this Agreement. Notwithstanding the foregoing to the contrary, in no event shall the Indemnity Value be less than 0.85 multiplied by the price per share (on an as-converted to Buyer Common Stock basis) at which Buyer sells its next issued series of Preferred Stock after the date of this Agreement.