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. Waiver of Term or Condition
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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. Waiver of Term or Condition No term or condition of this coverage shall be waived in whole or in part unless the waiver is clearly expressed in writing signed by “Us”. Insurance Under More Than One Policy If “You” have insurance and/or warranty on specifically described property, “Our” Policy will be considered excess insurance and “We” will not pay any loss or claim until the amount of such other insurance is used up. In all other cases, “Our” Policy will pay its rateable proportion of the loss or claim
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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.
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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.
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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:
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Related to Valuation Clause

  • DURATION CLAUSE A. This Agreement shall govern the rights of the Board and the Association from July 1, 2021, through June 30, 2022. This Agreement shall not be extended orally and it is expressly understood that it shall expire on the date indicated.

  • TERMINATION CLAUSE In the event Contractor fails to carry out or comply with any of the terms and conditions of this Agreement, Hastings reserves the right to demand correction of any breach or default within ten (10) calendar days of notice to Contractor. In the event Contractor fails to correct the failure or default within the specified ten (10) day period, Hastings may terminate the Agreement without additional notice. Failure to terminate this Agreement is not to be deemed a waiver of the breach or default. Upon termination, Hastings shall compensate Contractor for Work rendered within thirty (30) days of termination of this Agreement.

  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • Escalation/De-escalation Clause In the event that prevailing market conditions warrant an adjustment in bid prices contained in the contract, the following escalation/de- escalation clause shall be the only clause applicable or acceptable:

  • WAIVER CLAUSE The parties acknowledge that during negotiations which resulted in this Agreement each had the unlimited right and opportunity to make demands and proposals with respect to any subject or matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in this Agreement. Therefore, the Board and the Union for the life of this Agreement each voluntarily and unqualifiedly waives the right, and agrees that the other shall not be obliged to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, unless mutually agreed, even though such subject or matter may not have been within the knowledge or contemplation of either or both parties at the time that they negotiated or signed this Agreement.

  • RECOGNITION CLAUSE The Employer agrees to recognize the Union as the exclusive bargaining agent for all employees in the bargaining units as so certified by the Public Employment Relations Commission (PERC) for the purpose of establishing wages, hours and conditions of employment. If PERC certifies the Union as the exclusive representative during the term of this Agreement for a bargaining unit in general government, the terms of this Agreement apply.

  • CERTIFICATION CLAUSES The CONTRACTOR CERTIFICATION CLAUSES contained in the document CCC 04/2017 are hereby incorporated by reference and made a part of this Agreement by this reference as if attached hereto.

  • ARBITRATION CLAUSE All disputes arising under this agreement shall be governed by and interpreted in accordance with the laws of New York, without regard to principles of conflict of laws. The parties to this agreement will submit all disputes arising under this agreement to arbitration in New York City, New York before a single arbitrator of the American Arbitration Association (“AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement of the parties, except that such arbitrator shall be an attorney admitted to practice law New York. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. Nothing contained herein shall prevent the party from obtaining an injunction.

  • Arbitration Clauses Except for certain circumstances, TIPS forbids a mandatory arbitration clause in any contract or agreement entered into between the awarded vendor with TIPS or a TIPS member entity. Does the vendor agree to exclude any arbitration requirement in any contracts or agreement entered into between TIPS or a TIPS member entity through an awarded contract with TIPS? Agreement is a required condition to award of a contract resulting from this Solicitation.

  • BREAK CLAUSE IF YOU HAVE OPTED FOR A FIXED TERM CONTRACT YOU WILL NOT HAVE THE DETAILS OF A BREAK CLAUSE NOTED IN YOUR PARTICULARS.

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