Casualty Amount definition

Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);
Casualty Amount means, in relation to each Ship, Five hundred thousand Dollars ($500,000) or the equivalent in any other currency;
Casualty Amount means, with respect to any Item of Equipment leased hereunder as of any date specified for payment thereof, the sum of (A) a portion of the Lease Balance equal to the product obtained by multiplying the outstanding Lease Balance as of the Casualty Settlement Date by the Item Value Fraction of such Item of Equipment and (B) all other Rent due and owing under the Operative Documents.

Examples of Casualty Amount in a sentence

  • NOTE 2 – As one suggestion on ensuring public input influences decision making, it is suggested proponents use public feedback from questionnaires or other documented public input to influence / determine priorities or weighting of criteria used in scoring the options in a decision matrix.

  • If the Property, or any part thereof, suffers any damage less than the Casualty Amount prior to the Closing, Purchaser agrees that it will consummate the Closing and accept the assignment of the proceeds of any insurance covering such damage, and there shall be no reduction in the Purchase Price.

  • Mr. McIntire discussed the initial filtering of applicants for CRB.

  • Until the payment of such Casualty Amount by Lessee, as described herein, Lessee shall continue to make all rental payments due hereunder.

  • The Borrower will not settle, compromise or abandon any claim for Total Loss or for a figure in excess of the Casualty Amount, and the Borrower shall do all things necessary and provide all documents, evidence and information to enable the Agent to collect or recover any moneys which shall at any time become payable in respect of the Insurances for the Ship.


More Definitions of Casualty Amount

Casualty Amount means US Dollars Three Million ($3,000,000) (or the equivalent amount in any other currency or currencies);
Casualty Amount means Two hundred and fifty thousand Dollars ($250,000) (or the equivalent in any other currency);
Casualty Amount means US dollars One Million ($1,000,000) (or the equivalent amount in any other currency or currencies);
Casualty Amount means, in relation to each Ship, two million Dollars ($2,000,000) or the equivalent in any other currency;
Casualty Amount means [*] (or the equivalent in any other currency);
Casualty Amount means five million Dollars ($5,000,000) (or the equivalent in any other currency) or, if the context so requires in respect of any single refurbishment of the Ship to be undertaken by the Lessee or, as the case may be, the Sub-Lessee during the period of twenty four (24) months from the date of this Lease, eight million Dollars ($8,000,000);
Casualty Amount means five hundred thousand Dollars (USD 500,000) (or the equivalent in any other currency);