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.
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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.
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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.
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Examples of Diminution in Value in a sentence

  • SHW and/or GIC, in its sole discretion, shall adjust any claim or suit, determine the scope of warranty coverage, decide whether to repair, replace, pay the reasonable cost of repair or replacement, or pay the Diminution in Value (that amount is equal to the fair market value of the Home with the defect compared to the Home’s market value without the defect), including, the manner and method of any repairs.

  • SHW and/or GIC, in its sole discretion, shall decide whether to repair, replace, pay the reasonable cost of repair or replacement, or pay the Diminution in Value (that amount is equal to the fair market value of the Home with the defect compared to the Home’s market value without the defect), including, the manner and method of any repairs.


More Definitions of Diminution in Value

Diminution in 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 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.
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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.
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Diminution in Value means the actual or perceived reduction in market or resale value that may allegedly result from a loss.
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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.
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Diminution in Value means the actual or per- ceived loss in market value or resale value which results from a direct and accidental "loss".
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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.
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