Diminution of value definition

Diminution of value in respect of any Phase of the Project shall mean any reduction in the value based on original fair market value as determined in Step 1 of Section 4.2 of this Fee Agreement, of the items which constitute a part of the Phase which may be caused by (i) the Sponsor’s removal of equipment pursuant to Section 4.6 of this Fee Agreement, (ii) a casualty to the Phase of the Project, or any part thereof, described in Section 4.7 of this Fee Agreement or (iii) a condemnation to the Phase of the Project, or any part thereof, described in Section 4.8 of this Fee Agreement.
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Diminution of value means the actual or perceived loss in market or resale value which results from a direct and accidental loss.
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Diminution of value means the difference in the actual cash value of the auto immediately before a loss and after the repair of the auto.
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Examples of Diminution of value in a sentence

  • The oil and gas developer must pay damages to cover compensation to the surface owner for any of the following:(1) Lost income or expenses incurred by mineral developers occupation.(2) Market value of crops destroyed.(3) Damage to water supplies.(4) Cost of repair (up to replacement value) of personal property.(5) Diminution of value of the surface after completion of the mineral development.All other common law claims remain intact.

  • Diminution of value of property owned, occupied or used by the Plaintiffs and other Class Members, and the loss of the ability to sell, finance or mortgage properties.

  • This initiated my dream of heading to RSA.207The other driving factor for child migration in Hadiya zone is Diminution of value for education, one community elder said,Nowadays children do not want to carry on their education.

  • Diminution of value if any in the Investments in Unique Waste Plastic Management and Research Company Pvt.

  • The Claimant also claimed that as a result the claimant suffered loss and damage and particularised the loss and damages as (1) Diminution of value to the Claimant’s property 322.8 x $200.00 x 12 months x 18 years $34,862.40 and (2) rental value of 322.8 x 200.00 x months by 18 1/12 years $43,200.00, or a total of $78,062.00.


More Definitions of Diminution of value

Diminution of value means the actual or perceived loss in market or resale value which results from a direct and accidental loss
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Diminution of value means a perceived or actual loss in value following a workmanlike repair;
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Diminution of value reflects the agreement of the parties that every Adverse Consequence suffered by any of the Touch 1 Corporations will result in a dollar for dollar diminution of value of Touch 1 to Z-Tel, such that Z-Tel will be entitled to indemnification for such Diminution of Value as described in Section 4.2.
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Diminution of value means the difference, if any, between the market value of your insured auto, immediately preceding a loss and the market value of your insured auto after repair of physical damage resulting from that loss.
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Diminution of value means the difference in the Actual Cash Value of the Auto immediately before a loss and after the repair of the Auto.
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Diminution of value shall not mean and shall not include any (i) loss resulting from any lost profits, (ii) Damages (including incidental and consequential damages) or (iii) expense (including costs of investigation and defense and reasonable attorneys' fees), whether or not involving a third-party claim.
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Diminution of value means the actual or perceived loss in market value or resale value which results from a “loss”.
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