Technical Value definition
Technical Value means the Reinstatement value less a deduction for age, wear and tear and obsolescence.
Examples of Technical Value in a sentence
Section 5a: Schedule of Requirements and Technical Value The ceiling amount of an LTA(s) is 1.2 million USD for three (3) years.
For each Additional Band, Murata shall pay to Resonant a non-refundable, fully paid-up fee in an amount equal to the “Total Milestone Amount” that corresponds to the Relative Technical Value of such Additional Band as set forth in Exhibit A attached hereto (which Relative Technical Value shall be agreed to by the Parties at the time of execution of the applicable SOW).