Valuation Clause Sample Clauses
Valuation Clause. In the application of the Co-insurance Clause, items insured on the Replacement Cost Clause are to be insured on the stipulated percentage of replacement cost, but if on actual cash value, the stipulated percentage will be the percentage of the actual cash value amount.
Valuation Clause. With respect to the perils of fire and lightning, we agree that the limit of liability stated in Coverage A of the Declarations of this policy is the value of the building described. This valuation is established for insurance purposes only.
Valuation Clause a. If a building insured for a specified amount, whether under a separate policy or under a policy also covering other buildings, is totally destroyed by fire or lightning without criminal fault on the part of you or your assignee, the total amount for which the building is insured shall be taken to be the value of your interest in the building. This valuation clause shall not apply if over insurance on your interest in this building was fraudulently obtained.
b. If an insured building is only partially destroyed by fire or lightning, you shall be entitled to the actual loss sustained, but not exceeding the total amount for which the building is insured.
c. When a building is insured not for a specified amount but under a blanket form with one amount covering two or more buildings or one or more buildings and personal property, the provisions of paragraph (a) shall not apply. The above sections a, b, and c apply only if you elect not to repair or replace your damaged or destroyed building, if you have not properly notified us of additions or alterations as provided in the Loss Settlement section of this policy, or if you have not agreed to adjust your Coverage A limit of liability in accordance with our recommendations as provided in said Loss Settlement section.
Valuation Clause. In the determination of the Fair Market Value of the Shares, the most recent Priced Round shall be used as the basis, provided that the conditions are still similar enough and that a maximum term of two (2) years has not elapsed since the Priced Round. In the absence of applicable conditions, the Company shall engage Archipel Tax Advice as an external valuator to conduct a Discounted Cash Flow (DCF) Valuation, and the result of such valuation shall serve as the Fair Market Value. Additionally, in the event that any Tax Assessment leads to a different price to be established for tax purposes, the agreed-upon Subscription Price under this Agreement shall be adjusted accordingly to ensure that the Company will not owe any wage taxes on the transaction. The transaction is intended to reflect Fair Market Value conditions and shall not imply any benefits or discounts for the Employee.
Valuation Clause. We agree that, in the event of a total loss to a building covered under Section I, the limit of liability for the building represents the total value of the building. The following Condition is added to all forms: