Repair Cost definition
Repair Cost means the parts and labor expense necessary to repair or replace any Covered Component that is the result of a covered Mechanical Breakdown, subject to the exclusions set forth herein. We may use or supply replacement components of a like kind and quality that may be new, OEM, exchanged, rebuilt, remanufactured, or used. Parts pricing shall not exceed Your Vehicle manufacturer’s suggested retail price or the suggested retail price of a like kind and quality part, whichever is authorized by Us. Labor will be determined by a current nationally recognized flat rate labor guide. Repair Cost includes the required taxes associated with the covered Mechanical Breakdown according to state specific laws. Authorized replacement components must have a parts and labor warranty no less than 12 months or 12,000 miles.
Repair Cost means the County’s direct costs and out of pocket expenses for any Repairs. "Standard Pricing" means the rates used to compute the License Fee, as set forth in Schedule 2. "Strand" means a single optical fiber of the County Network.
Repair Cost means the cost to repair or replace damaged building structures with readily available construction materials or methods that are functionally equivalent to and less costly than obsolete, antique or custom construction materials or methods.
Examples of Repair Cost in a sentence
Owner’s Repair Cost Obligation for the current Contract Year is ${ }.
Lender shall not disburse any amounts which would cause the funds remaining in the Repairs Escrow Account after any disbursement (other than with respect to the final disbursement) to be less than the Maximum Repair Cost of the then-current estimated cost of completing all remaining Repairs.
Owner’s Repair Cost Obligation for the current Contract Year is $ .
In the event any Replacement or Repair exceeds the approved cost set forth on the Required Replacement Schedule for Replacements, or the Maximum Repair Cost for Repairs, Borrower may submit a disbursement request to reimburse Borrower for such excess cost.
Owner’s Repair Cost Obligation for the current Contract Year is ${ }.
More Definitions of Repair Cost
Repair Cost means the parts and labor expense necessary to repair or replace any Covered Component that is the result of a covered Mechanical Breakdown, except as specifically set forth herein. We may use replacement components of a like kind and quality that may be rebuilt, remanufactured, or used. Parts pricing will be determined by the lesser of Your Vehicle manufacturer’s suggested retail price or the suggested retail price of a like kind and quality part, whichever is authorized by Us. Labor will be determined by a current nationally recognized flat rate labor guide. Repair Cost includes the required taxes associated with the covered Mechanical Breakdown, and excludes shop supplies and environmental disposal charges.
Repair Cost means an estimate of the actual cost to repair the damage attributable to such damage or destruction and obtained by Seller, and agreed to in writing by Tenant, within thirty (30) days following the event of damage or destruction from a reputable, licensed independent contractor selected by Seller and licensed to do business in the State in which the Property is located.
Repair Cost means the reasonable cost of repair materials and labour, including in the case of tyre(s) the cost of a new valve if necessary and fitting and balancing;
Repair Cost means the cost of any repair or replacement needed to ensure that following any incident of damage the Prison is returned to the standard required in accordance with this Contract;
Repair Cost has the meaning set forth in Section 11.2 hereof.
Repair Cost means the cost of both Repair materials and labour (including VAT where appropriate) necessitated in rectifying the Breakdown, in line with published repair times.
Repair Cost means the parts and labor expense to repair or replace any Covered Component that is the result of a covered Mechanical Breakdown. We may use replacement components of a like kind and quality that may be new, Original Equipment Manufacturer (OEM), exchanged, rebuilt, remanufactured, or used. Parts pricing is the lesser of Your Vehicle manufacturer’s suggested retail price or the suggested retail price of a like kind and quality part, whichever is authorized by Us. Labor hours will be based on the current nationally recognized flat rate labor guide multiplied by the average customer pay labor rate in the repair location area. Repair Cost includes sales tax associated with the covered Mechanical Breakdown, according to city, county, and state laws. Repair Cost does NOT include shop supplies, environmental disposal charges, excluded items, or items not covered in the coverage plan You purchased. Repairs must have a parts and labor warranty of no less than 12 months or 12,000 miles.