Reinstatement Cost definition

Reinstatement Cost means the direct costs agreed (or on failure to agree as reasonably determined by the Secretary of State) by the Secretary of State and the Franchisee as being the reasonable and proper costs to be incurred by the Franchisee for the purposes of carrying out the Reinstatement Works;

Reinstatement Cost the full cost of reinstatement of the Building as reasonably determined by the Landlord from time to time, taking into account inflation of building costs and including any costs of demolition, site clearance, site protection, shoring up and any other work to the Building that may be required by law and any VAT on any such costs.

Reinstatement Cost the costs, allowing for inflation during the period of reinstatement, of:

Examples of Reinstatement Cost in a sentence

• Subject to the Definitions, Extensions, Exclusions and Conditions of the Rules, in the event of physical loss or physical damage during any Membership Year the RPA Administrator will pay to the Member the Reinstatement Cost of the Cultural Asset at the time of the DAMAGE or at the RPA Administrator’s option to reinstate or replace such property or any part of it.

• Subject to the Definitions, Extensions, Exclusions and Conditions of the Rules, in the event of DAMAGE during any Membership Year the RPA Administrator will pay the Reinstatement Cost of the Property at the time of the DAMAGE or at the RPA Administrator’s option (but only with the consent of the Trustees, in the case of property belonging to the Trustees) reinstate or replace such property or any part of it.

• Subject to the Definitions, Extensions, Exclusions and Conditions of the Rules, in the event of DAMAGE during any Membership Year the RPA Administrator will pay to the Member the Reinstatement Cost of the Property at the time of the DAMAGE or at the RPA Administrator’s option reinstate or replace such property or any part of it.

• Subject to the Definitions, Extensions, Exclusions and Conditions of the Rules, in the event of physical loss or physical damage during any Membership Year the RPA Administrator will pay to the Member the Reinstatement Cost of the Cultural Asset at the time of the Damage or at the RPA Administrator’s option to reinstate or replace such property or any part of it.

• We also note that Our estimate of Insurance Reinstatement Cost excludes any allowances for site or building contamination clean-up costs.

More Definitions of Reinstatement Cost

Reinstatement Cost means the full reinstatement cost of the Building including (but without limitation) allowance for inflation in costs the cost of demolition and clearance of debris the cost of temporary support and protection incidental expenses consequent upon rebuilding or reinstating including the cost of compliance with all local authority and statutory requirements architects' quantity surveyors' structural and civil engineers' mechanical and electrical engineers' and other professional fees together with VAT on all the foregoing including without limitation VAT on any self supply under Paragraphs 5 and 6 of Schedule 6A to the VAT Act whether or not the Landlord has made a VAT Election

Reinstatement Cost means a sum of HK$4,563,540.

Reinstatement Cost the sum equal to the Landlord’s reasonable estimate from time to time of the full cost of reinstatement of the Property (excluding the Excluded Insurance Items) and including any costs of demolition, site clearance, site protection, shoring up, professionals’ and statutory fees and incidental expenses and any other work to the Property that may be required by law and any VAT on all such costs, fees and expenses. Relevant Period: each period of twelve months ending on or about the last day of the proposed assignee’s financial year and each period of twelve months ending on or about the last day of each financial quarter. Rents: the rents set out in clause 2.2. Rent Commencement Date: the date of this lease. Rent Payment Dates: 25 March, 24 June, 29 September and 25 December. Revenue: means the aggregate of all sums of money or other consideration received or receivable for all goods sold, leased, hired or otherwise disposed of by the proposed assignee and for all services sold or performed by the proposed assignee excluding VAT, purchase tax and any similar sales or excise tax imposed directly on the proposed assignee in respect of the supply of goods or services; Rights: the rights granted in Schedule 1.

Reinstatement Cost means the full cost of reinstating the Demised Premises (or the Critical Works, as the case may be) and the means of access to them following their complete destruction, including the costs of demolition, site clearance, shoring up, planning fees, architects, legal and other professional fees, the costs of complying with Legislation as necessary in conducting such reinstatement and taking into account cover for the effect of inflation and escalation of costs and fees, together with irrecoverable VAT on all such costs "Rent Sharing Investment Underlease" is an Investment Underlease granted by the Tenant for the primary purpose of sharing with another entity the rents and other monies which are received from occupiers of the Demised Premises for the underletting, licensing, occupation or utilisation of the Lettable Areas, but where the Tenant retains control over the management of the Demised Premises

Reinstatement Cost means the estimated cost of rebuilding anew a building or structure with a similar, modern substitute. In the case of plant and machinery, it is the cost (including the cost of freight, insurance and installation) of replacing it with a new plant and machinery item, which is a similar, modern substitute.

Reinstatement Cost means the costs of reinstating the Building at the time when such reinstatement is likely to take place having regard to any possible increases in building costs in a sum which includes the cost of demolition, shoring up, site clearance, ancillary expenses and architects' surveyors' and other professional fees and Value Added Tax on all the items mentioned in this definition

Reinstatement Cost the full cost of reinstatement of the Centre (excluding the Excluded Insurance Items) taking into account inflation of building costs and including any costs of demolition, site clearance, site protection, shoring up, professionals' and statutory fees and incidental expenses and any other work to the Centre that may be required by law and any VAT on all such costs, fees and expenses. Rent Commencement Date: payable from commencement of the Lease. Rent Payment Dates: 25 March, 24 June, 29 September and 25 December Rent Review dates: third and fifth anniversary of the lease commencement date Reservations: the rights excepted and reserved in 331. of Schedule 3.