Diminution in Value definition

Diminution in Value in respect of the Project shall mean any reduction in the value, using the original fair market value (without regard to depreciation) as determined in Step 1 of Section 4.01 of this Fee Agreement, of the items which constitute a part of the Project and which are subject to FILOT payments which may be caused by the Company’s or any Sponsor Affiliate’s removal and/or disposal of equipment pursuant to Section 4.04 hereof, or by its election to remove components of the Project as a result of any damage or destruction or any Condemnation Event with respect thereto.

Diminution in Value means the actual or perceived loss in market or resale value which results from a direct and accidental loss.

Diminution in Value means the actual or perceived decrease of market or resale value of an automobile or part thereof, measured after repair of physical damage.

Examples of Diminution in Value in a sentence

• The Warrantor’s liability and obligations are limited to the repair, replacement, or payment of the reasonable cost of repair or replacement, or payment of the Diminution in Value of the Home of warranted items not to exceed an aggregate equal to the original sales price of the Home (as shown on the Home Enrollment Application (HEA)) or $3 million, whichever is lower.

• This must occur prior to payment for the reasonable cost of repair, replacement, or Diminution in Value.

• If a Major Structural Defect claim qualifies for coverage in years one (1) through ten (10), the Insurer has the right to choose to repair or replace, pay the reasonable cost of repair or replacement, or pay You the Diminution in Value of any covered Major Structural Defect.

• The choice to repair or replace or make payments and determination of Diminution in Value is solely determined by the Warrantor.

• Nothing herein shall impair or modify the application of section 507(b) of the Bankruptcy Code if the adequate protection provided to the Lender hereunder is insufficient to compensate for any Diminution in Value during the Cases.

More Definitions of Diminution in Value

Diminution in Value means the actual or perceived loss in market or resale value by reason of the fact that the property has been damaged.

Diminution in Value means the actual or perceived reduction in market or resale value that may allegedly result from a loss.

Diminution in Value means the actual or per- ceived loss in market value or resale value which results from a direct and accidental "loss".

Diminution in Value means the reduction in market or resale value that results from a loss after the necessary repairs are made to the vehicle.

Diminution in Value as used in this exclusion means the actual or perceived loss in market or resale value which results from a direct and accidental loss.

Diminution in Value means: the actual or perceived reduction, if any, in the actual cash value by reason of the fact that the property has been damaged and repaired.

Diminution in Value means a reduction in the fair market value of Economic Development Property, as determined in Section 4.1(a)(i) of this Fee Agreement, which may be caused by (i) the removal or disposal of components of the Project pursuant to Section 4.3 of this Fee Agreement; (ii) a casualty as described in Section 4.4 of this Fee Agreement; or (iii) a condemnation as described in Section 4.5 of this Fee Agreement.