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 cost of both parts costs and labour (including VAT where appropriate) necessitated in rectifying the Accidental Damage, Fire Damage, Flood Damage, Liquid Damage, or Malicious Damage.

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.

Examples of Repair Cost in a sentence

• If We request Your assistance, You agree to cooperate with Us in investigating any claim under this Contract, in making settlements, and in enforcing any right of contribution or indemnity against any manufacturer or repairer that may be responsible to You for the Repair Cost of any Mechanical Breakdown covered by this Contract.

• If a covered claim’s Repair Cost exceeds the actual cash value of the Vehicle, as defined herein, We will pay the portion of the covered claim, up to the ACV limit, directly to You.

• MUST have the repair facility contact Us immediately after the Vehicle is brought in for service, and again when a cause of failure and Repair Cost is determined during Our normal business hours.

• It is Your responsibility to authorize the repair facility to perform any diagnosis or teardown that is necessary to determine the cause of failure and Repair Cost.

• During the term of this Contract, We will reimburse You, or an authorized repair facility, the Repair Cost to repair or replace any Covered Component of Your Vehicle that has experienced a Mechanical Breakdown, less the applicable Deductible.

More Definitions of Repair Cost

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. U

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 the customary parts and labor costs required to complete any Covered Repair under this Limited Warranty. Labor times will be verified by the standard versions of nationally recognized labor guides, such as Mitchell or ALLDATA®. Labor rates may not exceed one hundred ($100.00) per hour and replacement parts may not exceed manufacturer’s suggested retail price and may be of like kind and quality. This may include the use of new, remanufactured or used parts as determined by the Administrator.

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 means the cost of repair materials and labour at the agreed labour rate necessary to rectify the breakdown, in line with published Autodata/ manufacturer’s repair times, excluding VAT.

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 has the meaning set forth in Section 11.2 hereof.