Diminished Value definition
Diminished Value means the difference between the value of the Vehicle just prior to damage or loss and the value of the Vehicle after repair or replacement as calculated by a third-party estimate obtained by us or on our behalf. “Vehicle License Cost Recovery Fee” means our estimate of the average per day per vehicle portion of our total annual vehicle licensing, titling, and registration costs that we are permitted to recover under applicable law. “Remote Areas” means geographic areas that are unsafe to travel without taking some important precautions such as determining road and weather conditions. Remote Areas include, without limitation, Death Valley or any area described on a map as a desert. Vehicles may not be driven in Remote Areas without the prior written consent on Star RV, which consent may be withheld in Star RV's sole discretion. "Gross Rental Rate" means the nett rate including the applicable commission.
Diminished Value means the difference between the value of the Vehicle just prior to damage or loss and the value of the Vehicle after repair or replacement. “Vehicle License Fee” means our estimate of the average per day per vehicle portion of our total annual vehicle licensing, titling, and registration costs.
Diminished Value means the difference between the fair market value of the motorcycle before damage or loss and its value after repairs as calculated by a third-party estimate obtained by us or on our behalf.
Examples of Diminished Value in a sentence
You are also responsible for Loss of Use, Diminished Value, and our administrative expenses incurred processing a claim.
You will pay us for Loss of Use, Diminished Value and a reasonable charge to cover our administrative expenses connected with a damage claim.
You are also responsible for Loss of Use (without regard to fleet utilization), Diminished Value, and our administrative expenses incurred processing a claim.
You are also responsible for Loss of Use, Diminished Value, missing equipment, and a reasonable charge to cover our administrative expenses connected with any damage claim, You must report all accidents involving the Trailer to us and the police within 24 hours of occurrence.
You are also responsible for Loss of Use, Diminished Value, and our ad- ministrative expenses incurred processing a claim.
More Definitions of Diminished Value
Diminished Value means the difference between the fair market value of the Vehicle immediately before the damage to the Vehicle and after the Vehicle has been repaired.
Diminished Value means the difference between the fair market value of the Vehicle before damage and its value after repairs as calculated by a third‐party estimate obtained by us or on our behalf. “Charges” means the fees and charges that are incurred under this Agreement. “Rental Period” means the period between the time you take possession of the Vehicle until the Vehicle is either returned to or recovered by us and checked in by us. “Vehicle License Fee,” “Vehicle Licensing,” “Vehicle License Prop Tax,” “Vehicle License Cost Recovery Fee,” or “Motor Vehicle Tax” means a vehicle license cost recovery fee based on our estimated average per day per vehicle portion of our total annual vehicle licensing, titling, and registration costs or as otherwise defined under applicable law.
Diminished Value means the actual or perceived loss in market value or resale value which results from a direct or accident loss, and "Loss of Use" means our loss the ability to use the Vehicle for any purpose due to damage to it or loss of it during the Rental Period, including uses other than for rental, such as display for rent or sale, opportunity to upgrade or sell, or transportation of employees.
Diminished Value means the difference between the actual cash value of trailer just prior to damage or loss less the value of the trailer after its repair. If we elect not to repair the trailer “Diminished Value” means the difference between the actual cash value of the trailer just prior to damage or loss less the salvage or sale value of the trailer. INITIAL HERE
Diminished Value means the difference between the fair market value of the Vehicle before damage and its value after repairs as calculated by a third-party estimate obtained by us or on our behalf. "Charges" means the fees and charges that are incurred under this Agreement. "Rental Period" means the period between the time you take possession of the Vehicle until the Vehicle is either returned to or recovered by us and checked in by us.
Diminished Value means the actual cash value of the Vehicle just prior to damage or loss less the value of the Vehicle after repair or replacement.
Diminished Value means the actual cash value of the Vehicle just prior to damage or loss less the value of the Vehicle after repair or replacement. “Charges” means the fees and charges that are incurred under this Agreement. “Vehicle License Fee” means our estimate of the average per day vehicle portion of our total annual vehicle licensing, titling and registration costs. “Rental Period” means the period between the time you take possession of the Vehicle until the Vehicle is either returned to or recovered by us and checked in by us.