Net Replacement Cost definition

Net Replacement Cost or “NRC” means the Gross Replacement Cost less accumulated depreciation based on Gross Replacement Cost.
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Net Replacement Cost means the actual replacement cost of the Building (excluding foundation and excavation costs, but including the cost of debris removal and of replacing all Equipment appurtenant to, located in or used in connection with the Building) without physical depreciation.
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Net Replacement Cost means the total of current charges for the replacement facility, ex- clusive of betterments, and the costs of removal of the replaced facility less the amounts credited for materials salvaged or scrapped.
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Examples of Net Replacement Cost in a sentence

  • Landlord shall have the right to review Tenant's determination of the Net Replacement Cost, and, if Landlord disagrees with Tenant's determination, Landlord and Tenant shall discuss the determination and seek to agree upon a mutually satisfactory valuation.

  • If Landlord and Tenant are unable to agree upon the Net Replacement Cost within thirty (30) days from Landlord's receipt of Tenant's determination, then, the value shall be established by arbitration in accordance with Article 35.


More Definitions of Net Replacement Cost

Net Replacement Cost means the quantity of Replacement Fuel purchased by Buyer during the month of non- delivery times the positive, incremental difference between (i) the total delivered cost (on a per MMBtu basis), reasonably incurred by Buyer to acquire such Replacement Fuel and (ii) the total delivered cost (on a per MMBtu basis) of such gas that would have been incurred by Buyer had such quantity been delivered by Seller at the Delivery Points hereunder. Within thirty (30) days after the actual quantities delivered hereunder during the month in question are confirmed by Viking, Buyer shall render to Seller a statement detailing the difference between the Monthly Contract Quantity and the quantity delivered, the quantity of Replacement Fuel, the costs and description of costs incurred by Buyer for such Replacement Fuel and Buyer's Net Replacement Cost. Within thirty (30) days of receipt of such statement, Seller shall reimburse Buyer for Buyer's Net Replacement Cost for the month in question, Buyer agrees to acquire Replacement Fuel at the lowest reasonable price available to Buyer. Seller's payment to Buyer for Buyer's Net Replacement Cost incurred in obtaining Replacement Fuel pursuant to this paragraph shall constitute Buyer's sole and exclusive remedy for Seller's failure to deliver the Monthly Contract Quantity pursuant to this Agreement for the month in question and Seller shall not, under any circumstances whatsoever, be liable to Buyer for any other costs, charges, expenses, losses or damages (except as set forth in Section 6.3 below) of any nature or kind whatsoever, whether direct or indirect, foreseeable or not foreseeable, consequential or incidental and arising from or in any way attributable to or suffered as the result of Seller's failure to deliver gas to Buyer pursuant to the terms of this Agreement during the month in question; except that, if Seller's failure to deliver the Monthly Contract Quantity is as the result of gross negligence or willful misconduct on Seller's part, then Buyer's remedies shall not be so limited.
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Related to Net Replacement Cost

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Equipment Cost means, for each Unit, the purchase price therefor paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.