Replacement Expenses definition

Replacement Expenses expenses incurred to pay for replacements, improvements and/or Maintenance and Repairs of the Improvements or Equipment or portions of either.
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Replacement Expenses means the expenses (after deduction of any sums recovered or recoverable from all other sources) actually reasonably and necessarily incurred by the Insured to employ a new domestic helper for the replacement of the Insured Person during the Period of Insurance in the event that the Insured repatriated the Insured Person or returned her mortal remains to her country of residence and a valid claim is payable under Section 6 “Repatriation Expenses” of this Policy.
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Replacement Expenses means all reasonable and necessary expenses incurred in sending a substitute employee to complete that part of the original Insured Person’s Journey which relates to the official business of the Insured Person or that of his/ her employer. Such expenses shall be limited to economy return air flight and other essential travelling expenses incurred by the substitute employee for travelling to the location at which the Insured Person had sustained Serious Injury or contracted Serious Illness.
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Examples of Replacement Expenses in a sentence

  • Up to the amount shown in the Schedule of Benefits following a valid claim for death or Permanent Total Disablement of an Insured Person, being a Director, Business Partner or Employee of the Policyholder, for Personnel Replacement Expenses incurred within 12 months of the Accident.

  • In the event of the death or Permanent Total Disablement of 5 or more Insured Persons, being Directors, Business Partners or Employees of the Policyholder, in the same Accident, up to the amount shown in the Schedule of Benefits for Personnel Replacement Expenses in addition to any benefits payable in Section A2, 14.

  • During the continuance of a Cash Management Event, any such disbursement to pay (rather than reimburse) Approved Replacement Expenses or Approved Leasing Expenses may, at Lender's option, be made by joint check payable to the applicable Borrower(s) and the payee of such Approved Replacement Expenses or Approved Leasing Expenses.

  • If the Insured cannot restore or recollect Digital Assets, then Digital Assets Replacement Expenses shall be limited to the actual cost the Insured incurs to reach this determination.

  • Upon satisfactory proof of payment by the Named Organization, the Underwriter will reimburse the Named Organization, up to the General Counsel Replacement Expenses Limit stated in Section V(B) of this Coverage Section, for General Counsel Replacement Expenses actually paid by the Named Organization in connection with a General Counsel Injury Event; provided, that such General Counsel Injury Event is reported to the Underwriter in accordance with Section VII of this Coverage Section.

  • Within sixty (60) days of making any payment of General Counsel Replacement Expenses, the Insureds must provide the Underwriter with a detailed breakdown of all General Counsel Replacement Expenses for which the Named Organization seeks reimbursement under Insuring Agreement (C) of this Coverage Section, together with satisfactory proof of payment and any additional information as the Underwriter may reasonably request.

  • The reasonable expenses incurred by the Owner of the Improved Property for pavement repairs and replacements to the paved surfaces of the Egress Easement Area following the first anniversary of completion of the resurfacing of the Egress Easement Area (“Shared Repair and Replacement Expenses”) shall be reimbursed to the Owner of the Improved Property by the Owner of the Unimproved Property in the amount of twenty five percent (25%) of the Shared Repair and Replacement Expenses.

  • If a Recall Event is partially caused by the actions or omissions of both Parties, then each Party shall be responsible for its proportionate share of the Replacement Expenses of the Recall Event based on its proportionate share of causation.

  • If the Insured cannot restore Digital Assets but can recollect such Digital Assets, then Digital Assets Replacement Expenses shall be limited to the actual cost the Insured incurs to recollect such Digital Assets.

  • If the amount of the Replacement and Rollover Reserve Fund shall exceed the amounts due for Approved Replacement Expenses and/or Approved Leasing Expenses, pursuant to the terms hereof, Lender shall, in its discretion, return any excess to the Borrower or, if future Replacement and Rollover Reserve Fund payments are then required, credit such excess against such future payments.


More Definitions of Replacement Expenses

Replacement Expenses means all reasonable and necessary expenses incurred in
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Replacement Expenses means reimbursement of the expenses actually reasonably and necessarily incurred by You to employ a new Domestic Helper in the event that You have repatriated the Domestic Helper or returned his/her mortal remains to his/her country of original and such repatriation expenses is payable under Section 3(d) Repatriation Expenses Cover of this Policy.
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Replacement Expenses expenses incurred to pay for replacements, improvements and/or Maintenance and Repairs of the Improvements or Equipment or portions of either, including, without limitation, repairs to, and replacements of, the structural components, roofing, building systems, parking garages and parking lots forming a part of any Collateral Property.
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Replacement Expenses means all reasonable and necessary expenses incurred in sending a substitute employee to complete that part of the original insured
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Replacement Expenses means, for any period, with respect to any one or more of the Projects, the expenses incurred to pay for replacements, improvements and/or maintenance and repairs of the improvements, fixtures or equipment related to such Project(s) or any part thereof, including, without limitation, repairs to, and replacements of the structural components, roofing, building systems, parking garages and parking lots forming a part of such Project(s).
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Related to Replacement Expenses

  • 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.

  • Management Expenses means the costs, charges and expenses necessarily and reasonably incurred or to be incurred for the management and maintenance of the Land and the Building and the Common Areas and Facilities therein to be borne by the Owners including the remuneration of the Manager as provided in this Deed;

  • Current Expenses means operating costs other than personal services and shall not

  • Parent Expenses (i) costs (including all professional fees and expenses) incurred by any Parent in connection with its reporting obligations under, or in connection with compliance with, applicable laws or applicable rules of any applicable laws or applicable rules of any governmental, regulatory or self-regulatory body or stock exchange, the Senior Unsecured Note Indenture, or any other agreement or instrument relating to Indebtedness of the Borrower or any Subsidiary Guarantor, including in respect of any reports filed with respect to the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, or the respective rules and regulations promulgated thereunder, (ii) an aggregate amount not to exceed $5,000,000 in any fiscal year to permit any Parent to pay its corporate overhead expenses incurred in the ordinary course of business, and to pay salaries or other compensation of employees who perform services for any Parent or for such Parent and the Borrower, provided that ABG allocates such overhead among its Subsidiaries in conformity with clause (vi) of this paragraph, (iii) expenses incurred by any Parent in connection with the acquisition, development, maintenance, ownership, prosecution, protection and defense of its Intellectual Property and associated rights to the extent such Intellectual Property and associated rights relate to the business or businesses of the Borrower or any Subsidiary, (iv) indemnification obligations of any Parent owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements with any such Person, (v) other operational and tax expenses of any Parent attributable to or incurred on behalf of Holdings, the Borrower and its Subsidiaries in the ordinary course of business, including reimbursement obligations under the Letter of Credit Facilities and including obligations in respect of director and officer insurance (including premiums therefor); provided, that all operational and tax expenses of any Parent are deemed to be attributable to or incurred on behalf of the Borrower if the Borrower’s and its Subsidiaries’ activities represent substantially all of the operating activities of such Parent and all of its Subsidiaries and (vi) fees and expenses incurred by any Parent in connection with any offering of Capital Stock or Indebtedness, (x) where the net proceeds of such offering are intended to be received by or contributed or loaned to the Borrower or any Subsidiary Guarantor, or (y) in a prorated amount of such expenses in proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (z) otherwise on an interim basis prior to completion of such offering so long as any Parent shall cause the amount of such expenses to be repaid to the Borrower or the relevant Subsidiary Guarantor out of the proceeds of such offering promptly if completed.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.