Reduction in value definition

Reduction in value means a reduction in the value of the Vehicle or Accessories as a result of damage to the Vehicle or Accessories which occurs during the Rental Period, which will be calculated as an amount equal to Hertz’s reasonable assessment of the cost of repairing or replacing the Vehicle or Accessories to their original state, irrespective of whether or not Hertz elects to repair or replace the Vehicle or Accessories either immediately or at all;

Reduction in value means a reduction in the fair market value of the property before and after application of the regulation, and shall include the net cost to the landowner of an affirmative obligation to protect, provide, or preserve wildlife habitat, natural areas, wetlands, ecosystems, scenery, open space, historical, archaeological or cultural resources, or low income housing.

Reduction in value means a reduction (from the Base Amount) in the value of the Company and the Subsidiaries as of the Closing Date but only to the extent such reduction is a natural and reasonably foreseeable consequence of the facts and circumstances giving rise to indemnification hereunder.

Reduction in value means the actual or alleged diminution in value or loss of use of tangible property, whether or not physically damaged.

Reduction in value as determined by the Owner for any Goods on a day, means the value of those Goods to the Owner had the Goods been returned in accordance with clause 11.1, less the value to the Owner of those Goods on that day.

Reduction in value. The decrease in the vehicle’s market value after repairs, determined by comparing its value before and after the incident. Towing and Storage Fees: Expenses related to transporting the vehicle to a repair facility or storing it during the repair process. Administrative Charges: to cover administrative efforts associated with processing the claim. In the event the vehicle is stolen and not recovered within 30 days, you will be required to pay Aventura Camper Vans the vehicle’s market value prior to the theft, along with the administrative fee. If you have insurance that covers your liability, you must provide your insurance provider’s name, policy number, and contact details. You also grant Aventura Camper Vans permission to file a claim directly with your insurer for any losses, damages, or expenses, including administrative fees. However, you remain personally responsible for any amounts not covered by your insurance, such as deductibles, policy limits, or unpaid claims. If your insurance does not fully compensate Aventura Camper Vans, you agree to pay the remaining balance, including any outstanding fees or additional costs. By accepting these terms, you acknowledge your financial responsibility for all damages, losses, and associated expenses, regardless of insurance coverage. Aventura Camper Vans retains the right to seek reimbursement from you for any unpaid amounts. Security deposit is $1500.00 which is refundable after renter returns vehicle with no damage and no issues. Security deposit can be used for any damage on vehicle and for any additional cost(fuel,add ons, cleaning, late drop off ,etc.)

Reduction in value as determined by the Owner for any Equipment on a day, means the value of that Equipment to the Owner had the Equipment been returned in accordance with clause 11.1, less the value to the Owner of that Equipment on that day. “Renter” means the person or persons named on the first page as the Renter, and if there is more than one, means each of them separately and every two or more of them jointly. “Renter” includes the Renter’s successors and assigns to whom the Owner has consented.