Insured Value Clause Samples

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Insured Value. For all purposes of the Agreement, “Insured Value”, shall be equal to the Stated Value of the Goods, as hereinafter defined. The Stated Value shall mean the value the Customer, in its sole discretion, shall set for its Goods stored with the Company. This value is to be established each year in the sole discretion of the Customer and the Customer shall provide to the Company a written statement as to the Stated Value of the Goods on such form as the Company shall provide to the Customer. This written form shall be provided by the Customer within twenty (20) business days of the signing this Agreement and the value determined by the Customer shall remain in effect from the date the Stated Value is delivered to the Company until the end of the calendar year in which this Agreement is signed. This Stated Value may be changed only once a year by filing with the Company on or before October 31, of each year, a new Stated Value for Customer’s Goods, and any such change shall apply as of the first January 1, following receipt by the Company of a new written statement setting forth the revised Stated Value of the Goods. If no new Stated Value for the Goods Is filed, the last filed Stated Value shall be used by the Company to set forth the Insured Value. The Customer acknowledges that the Company is not responsible for the value determined by the Customer and that the Customer has not relied on the advice or opinion any shareholder, director, officer, employee, agent or representative of the Company in determining the Stated Value.
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Insured Value. The insured value shall be 110% (one hundred ten percent) of the value of the Concentrates as per the invoice for the provisional payment, subject to adjustment to the final value, as determined in accordance with this Agreement. In the event that Seller's insurance company shall at any time charge an overage premium on vessels which are over 15 years of age, Seller shall bear and pay the full amount of such overage premium without any obligation on the part of Buyer to reimburse Seller for any portion of such premium.
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Insured Value. The amount You receive under the Comprehensive Motor Insurance in respect of the Insured Vehicle, as a result of a Total Loss at the Date of Loss.
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Insured Value. The Leased Property has an insured real property replacement value of at least $ .
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Insured Value. The insured value of the object consists of the sum of: 2.3.1 Catalogue price The catalogue price for the Insured object including an extra set of tires, as listed by the importer/manufacturer on the date of which the Vehicle Registration Document was issued. 2.3.2 Registration fee Applicable registration fees which are not reimbursed. 2.3.3 Accessories and other provisions The amount of all accessories to and or adjustments to the standard equipment not included in the catalogue price fixed by the manufacturer, the importer or the coach-builder; including stereo, rack arrangements and fittings – limited to 15,000 Kroner, mounting included (additional cover may be established pursuant to separate agreement). The insurance covers damage caused by sudden and unforeseen external events with respect to the insured object, such as collisions, off-road driving, vandalism and similar events. 3.1 The insurance provides cover for damage or loss to the Insured object caused by or consisting of the following events: Fire/theft Damage to the Insured object caused by fire, lightning and explosion, in addition to break-in and theft of the Insured object. Glass Damage to and repair of the vehicle’s external window panes (including sunroof) in the event of an accidental and sudden external influence. Damage to the vehicle’s glass roof is considered hull damage. Roadside Assistance Refer to separate conditions. 3.2 Inherent fault (consequential loss) The events mentioned under 3.1 are also covered if they are the result of an inherent fault of the insured object. Apart from the general exclusions as set out in the General Conditions NO-0001 this policy does not provide cover for: 4.1 Decrease in value Damages consisting of a decrease in value of the insured object. 4.2 Replacement transport Damages because of not being able to use the vehicle. 4.3 Inherent fault An inherent fault of the insured object, such as motor and driving gear. This exclusion does not apply if the damage was caused by an event under clause 3.1.
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Insured Value. 1. In principle, the amount of the insured value is unlimited. 2. Nevertheless every Administration has the option of limiting the insured value so far as it is concerned to an amount which may not be less than 10,000 francs. 3. In the service between Countries which have adopted different maxima, the lowest limit shall be observed mutually. 4. The insured value must not exceed the actual value of the contents of the item, but it is permissible to insure only part of that value; the amount of the insurance for papers representing a value because of the cost of their preparation must not exceed the cost of replacing the documents in case of loss. 5. Fraudulent insurance for a value greater than the actual value of the contents of an item is liable to the legal proceedings prescribed by the legislation of the Country of origin.
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Insured Value. 4.2.1 The Insured Value is the insured value of Gross Profit and/or additional costs. 4.2.1.1 The Insured value of Gross Profit is the Gross Profit derived during the Calculation Period. 4.2.1.2 The Insured Value of additional costs is made up of costs as may occur in the case of a loss during the Calcula­ tion Period.
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Insured Value follows : The insured value, which must be proved in case of loss or damage, shall not exceed the highest of the amounts calculated as 1° the cost of the insured cargo at the place of destination, plus the expected profit ; 2° the value at the place of destination on the date of arrival as determined by customary published commodity prices ; 3° the provisions in the contract of sale ; 4° replacement cost in the case of manufactured cargo provided that the corresponding invoices are produced as evidence of such replacement.
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Insured Value. Evidence showing that the insured value of the property that will constitute the leased property after such substitution, addition, deletion, or change of term will be at least equal to 110% of the outstanding principal component of Rental Payments, unless Lender consented, in writing, to a lesser value.
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Related to Insured Value

  • Appraised Value If an Objecting Party objects in writing to the Initial Valuation within ten (10) days after its receipt of the Valuation Notice, the Objecting Party, within fourteen (14) days from the date of such written objection, shall engage an Independent Appraiser (the “First Appraiser”) to determine within thirty (30) days of such engagement the Fair Market Value of the Partnership Interests (the “First Appraised Value”). The cost of the First Appraiser shall be borne by the Objecting Party. If the First Appraised Value is at least eighty percent (80%) of the Initial Value and less than or equal to one hundred twenty percent (120%) of the Initial Value, then the Purchase Price shall be the average of the Initial Value and the First Appraised Value. If the First Appraised Value is less than eighty percent (80%) of the Initial Value or more than one hundred twenty percent (120%) of the Initial Value, then the Partnership and the Objecting Party shall, within fourteen (14) days from the date of the First Appraised Value, mutually agree on and engage a second Independent Appraiser (the “Final Appraiser”). The cost of the Final Appraiser shall be borne equally by the Partnership and the Objecting Party. The Final Appraiser shall determine within thirty (30) days after its engagement the Fair Market Value of the Partnership Interests, but if such determination is less than the lesser of the Initial Value and the First Appraised Value then the lesser of the Initial Value and the First Appraised value shall be the value or if such determination is greater than the greater of the Initial Value and the First Appraised Value then the greater of the Initial Value and the First Appraised Value shall be the value (the “Final Valuation”). The Purchase Price shall be equal to the Final Valuation and shall be final and binding upon the parties to this Agreement for purposes of the subject transaction.

  • Replacement Cost The term “full replacement cost” as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Initial Cost Subject to reimbursement as hereinafter provided, the cost of organizing the Trust and the sale of the Units shall be borne by the Depositor, provided, however, that the liability on the part of the Depositor under this Section 3.01 shall not include any fees or other expenses incurred in connection with the administration of the Trust subsequent to the deposit referred to in Section 2.01. At the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period (as certified by the Depositor to the Trustee), the Trustee shall withdraw from the account(s) specified in the Prospectus or, if no account is therein specified, from the Capital Account, and pay to the Depositor the Depositor’s reimbursable expenses of organizing the Trust in an amount certified to the Trustee by the Depositor. In no event shall the amount paid by the Trustee to the Depositor for the Depositor’s reimbursable expenses of organizing the Trust exceed the estimated per Unit amount of organization costs set forth in the Prospectus for the Trust multiplied by the number of Units of the Trust outstanding at the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period; nor shall the Depositor be entitled to or request reimbursement for expenses of organizing the Trust incurred after the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period. If the cash balance of the Capital Account is insufficient to make such withdrawal, the Trustee shall, as directed by the Depositor, sell Securities identified by the Supervisor, or distribute to the Depositor Securities having a value, as determined under Section 5.01 as of the date of distribution, sufficient for such reimbursement provided that such distribution is permissible under applicable laws and regulations. Securities sold or distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold or distributed by the Trustee, to the extent practicable, in the Percentage Ratio then existing (unless the Trust is a RIC, in which case sales or distributions by the Trustee shall be made in accordance with the instructions of the Supervisor or its designees). The reimbursement provided for in this Section shall be for the account of Unitholders of record at the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period. Any assets deposited with the Trustee in respect of the expenses reimbursable under this Section 3.01 shall be held and administered as assets of the Trust for all purposes hereunder. Any cash which the Depositor has identified as to be used for reimbursement of expenses pursuant to this Section 3.01 shall be held by the Trustee, without interest, and reserved for such purposes and, accordingly, prior to the earlier of six (6) months after the Initial Date of Deposit or the conclusion of the initial offering period, shall not be subject to distribution or, unless the Depositor otherwise directs, used for payment of redemptions in excess of the per Unit amount payable pursuant to the next sentence. If a Unitholder redeems Units prior to the earlier of six months after the Initial Date of Deposit or the conclusion of the initial offering period, the Trustee shall pay the Unitholder, in addition to the Unit Value of the tendered Units (in the computation of which the expenses reimbursable pursuant to this Section shall have been deducted), unless otherwise directed by the Depositor, an amount equal to the estimated per Unit cost of organizing the Trust set forth in the Prospectus, or such lower revision thereof most recently communicated to the Trustee by the Depositor, multiplied by the number of Units tendered for redemption; to the extent the cash on hand in the Trust is insufficient for such payments, the Trustee shall have the power to sell Securities in accordance with Section 6.02. As used herein, the Depositor’s reimbursable expenses of organizing the Trust shall include, but are not limited to, the cost of the initial preparation and typesetting of the registration statement, prospectuses (including preliminary prospectuses), the Indenture, and other documents relating to a Trust Securities and Exchange Commission and state blue sky registration fees, the costs of the initial valuation of the portfolio and audit of a Trust, the costs of a portfolio consultant, if any, one-time licensing fees, if any, the initial fees and expenses of the Trustee, and legal and other out-of-pocket expenses related thereto, but not including the expenses incurred in the printing of prospectuses (including preliminary prospectuses), expenses incurred in the preparation and printing of brochures and other advertising materials and any other selling expenses.”

  • Uninsured Casualty Notwithstanding anything to the contrary contained in this Lease, if the Building or the Premises shall be substantially damaged by fire or casualty as the result of a risk not covered by the forms of casualty insurance at the time maintained by Landlord and such fire or casualty damage cannot, in the ordinary course, reasonably be expected to be repaired within ninety (90) days from the time that repair work would commence, Landlord may, at its election, terminate the Term of this Lease by notice to the Tenant given within sixty (60) days after such loss. If Landlord shall give such notice, then this Lease shall terminate as of the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof.

  • Uninsured Losses The Servicer must take the following actions in the event of loss or damage to any Mortgaged Property caused by an earthquake, flood, tornado or other natural disaster immediately following, the earlier to occur of (x) its notification or discovery of such loss or damage or (y) the time at which the Servicer reasonably should have known of such loss or damage in the exercise of Prudent Servicing Practices: (a) determine the extent of the losses or damages; (b) secure any abandoned Mortgaged Property from vandalism and the elements; (c) communicate with and counsel the respective Borrower on any disaster relief programs or other assistance which is available; and (d) take appropriate action to protect the interests of the Trustee and the respective Borrower.