Replacement Item means a Samsung item that We, the Insurer, supply to You. It may be a changeover item that has been re-manufactured or refurbished under a recognised changeover program. Successful Claim: means a claim received by Us where We Repair the Covered Item, replace the Covered Item or pay You the Cover Amount.
Replacement Item means a tire, bumper, bumper
Replacement Item or "Replacement Equipment" shall have a fair market value at the time of such replacement equal to the then fair market value of the Equipment or Items thereof for which replacement is made, and anticipated to have a fair market value at the expiration of the Base Term equal to the fair market value which the Equipment or Items for which replacement is made would have had at the end of the Base Term, and (i) be the same type and of at least equal capacity to the Equipment for which the replacement is being made. Upon delivery, such Replacement Equipment shall become subject to all of the terms and conditions of the Lease. Lessee shall execute all such documents necessary to effect the foregoing.
Examples of Replacement Item in a sentence
What will constitute a Replacement Item will be determined by Us at Our sole discretion based on a current item with equivalent specifications.
The Replacement Item We supply may have a lower market value than the Covered Item.
If We determine the Covered Item needs to be replaced, We or Our authorised agent will contact You to arrange a Replacement Item.
If We elect to replace the Covered Item with a Replacement Item, it will be an identical item or, if an identical item is not available, an item with equivalent specifications to the Covered Item.
Where We replace the Covered Item with a Replacement Item Your Cover will continue with the Replacement Item becoming the Covered Item for the remaining period of the Cover Term.
More Definitions of Replacement Item
Replacement Item or "Replacement Items" shall have the meaning provided in Section 8.1 of the Loan Agreement.
Replacement Item shall have the meaning assigned to it in SECTION 10(J)(9). "REPORTABLE EVENT" shall mean any of the events described in Section 4043(b) (1), (2), (3), (5), (6), (8) or (9) of ERISA. "RESPONSIBLE OFFICER" shall mean the President, any Vice President, the Treasurer, the Chief Financial Officer and any other officer of Aladdin Gaming directly responsible for the consummation of the Transaction and/or the operation of the Aladdin Hotel and Casino. "RESTRICTED PAYMENTS" shall have the meaning assigned to it in SECTION 11(F). "RETIREE WELFARE PLAN" shall refer to any Welfare Plan providing for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.
Replacement Item shall have the meaning given such term in Section 4(f) of this Agreement.
Replacement Item an item of equipment that meets the standards of Section 5.11 or 5.12, as the case may be, of the Participation Agreement, is subject to the Partnership Agreement and is operated and maintained under the O&M Agreement and is not a Replacement Unit.
Replacement Item has the meaning ascribed thereto in Section 32.6 of the Contract.
Replacement Item has the meaning given in clause 16.6.
Replacement Item has the meaning given to it in Section 29.1(c).