No Damage definition

No Damage. To the best of Seller’s knowledge, the Mortgaged Property is not subject to any material uninsured damage by waste, fire, earthquake, windstorm, flood or other casualty, or material damage where coinsurance has been, or Seller has reason to believe will be, claimed by the insurance company or where the loss, exclusive of contents, is, or will be, greater than the recovery (less actual costs and expenses incurred in connection with such recovery) from the insurance carrier.
No Damage means that, when a passenger vehicle is subjected to impact testing conducted pursuant to the conditions and test procedures of sections 581.6 and 581.7 of part 581 of title 49 of the Code of Federal Regulations, the vehicle sustains no damage to the body and safety systems.

Examples of No Damage in a sentence

  • No Damage to any building or Improvements on the Premises by fire, windstorm, or any other casualty shall entitle Tenant to violate any of the provisions of this Lease.

  • No Damage Amount will be payable after the third anniversary date of this Employment Agreement.

  • No Damage to the Premises by fire, windstorm, or any other casualty shall entitle Tenant to violate any of the provisions of this Lease.

  • Status of Extra Space 26 Article V - CONDITIONS PRECEDENT 26 5.1. Completion 26 5.2. No Damage or Casualty 26 5.3. Condemnation 28 5.4. Bankruptcy and Similar Events 28 5.5. Representations and Warranties 28 5.6. Legal Proceedings or Orders 28 5.7. No Material Adverse Change 28 5.8. Hazardous Materials 29 5.9. Default Under Service Contracts 29 5.10.

  • No Damage to the Parking Facility by fire, windstorm, or any other casualty shall entitle Tenant to violate any of the provisions of this Lease.

  • No Damage Threshold shall apply in the case of (1) a negative Adjustment Amount, (2) a claim against the General Escrow Fund or the Tax Audit Escrow Fund related to MFT Tax Matters, or (3) a claim related to a breach of Section 3.18(d).

  • Any material adverse change in the financial condition, assets, Liabilities, business, prospects or operations of the Partnerships or Real Estate Owners; No Damage.

Related to No Damage

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Direct Damage has the meaning given to it in clause 26.2;

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Physical Damage means any tangible injury to a Property, whether caused by accident, natural occurrence, or any other reason, including damage caused by defects in construction, land subsidence, earth movement or slippage, fire, flood, earthquake, riot, vandalism or any Environmental Condition.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Material Damage and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

  • Accidental Damage means physical damage, breakage or failure of Your Covered Equipment due to an unforeseen and unintentional event occurring either due to handling (e.g., dropping the Covered Equipment or through liquid contact) or due to an external event (e.g., extreme environmental or atmospheric conditions). The damage must affect the functionality of Your Covered Equipment, which includes cracks to the display screen that affect the visibility of the display.

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • Damage means actual and/or physical damage to tangible property;

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Serious damage ’ means any specific defect defined in this section; or an equally objectionable variation of any one of these defects, any other defect, or any combination of defects which se- riously detracts from the appearance, or the edible or marketing quality of the fruit. The following specific defects shall be considered as serious damage:

  • Premises Partial Damage means damage or destruction to the improvements on the Premises, other than Lessee Owned Alterations and Utility Installations, the repair cost of which damage or destruction is less than 50% of the then Replacement Cost of the Premises immediately prior to such damage or destruction, excluding from such calculation the value of the land and Lessee Owned Alterations and Utility Installations.

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Property damage means physical injury to, destruction of, or loss of use of tangible property.

  • Materially Damaged means damage which, in Seller's reasonable estimation, exceeds $500,000.00 to repair or which, in Seller's reasonable estimation, will take longer than ninety (90) days to repair.

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Cover Damages means, with respect to any Delivery Shortfall, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 and the Cover Sheet, multiplied by the quantity of that Delivery Shortfall, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Overhead Damage means any damage to the Vehicle or to any third-party property that is caused by: