Sound Value definition

Sound Value means the value of the Insured Vessel in a seaworthy condition, charter free, being her Proper Value immediately prior to an incident or casualty insured under the Policy of Insurance.
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Examples of Sound Value in a sentence

  • Sound Value Refers to the value of the Distribution System and/or the DPG (as the case may be) and related assets and equipment owned by the MGSP.

  • The Sound Value shall be the value of the Generation Facilities and/or the Distribution System as determined by an independent appraiser appointed jointly by the Parties In case of disagreement in the appointment, the DOE shall appoint the appraiser.

  • The Sound Value shall be the value of the Generation Facilities as determined by an independent appraiser appointed jointly by the Parties.

  • In addition, DU shall have the right to acquire any Generation Facilities subject to the payment of the Sound Value.

  • Should DU terminate the Contract, DU shall purchase the Distribution System and Generation Facilities (if any) at the Sound Value less any amount received or receivable from insurance proceeds.

Related to Sound Value

  • Fund Value means the total number of Units in Fund(s) multiplied by the respective NAV of the Fund(s);

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • Adjusted Value as used in subdivision (d) means:

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).