Bank Erosion Sample Clauses

Bank Erosion. April 9th 2008, Heavy Rains caused Table Rock Lake to swell, forcing the Army Corp of Engineers to open up all 10 flood gates of Table Rock Dam sending fast moving water down to Lake Tanney Como. This resulted in high water levels and significant erosion of the banks behind buildings 7-8. On April 24th, additional storms created more high water and flood gates were opened again. Extensive damage to the banks were noticed causing concern that there was insufficient embankment left to properly support several large trees behind buildings 9-12, with these trees possibly sliding down the embankment and in the process falling on the buildings. Reservations for Buildings 9-12 were suspended pending the trees being removed. As the area behind each building was cleared of trees, we inspected the embankment for stress marks, and were able to reopen buildings 9-12 within 4 days. Buildings 7 and 8 remained offline. The marina, dock and bait shop sustained heavy damage, and have been removed. The boats were retrieved from the water prior to sustaining any damage. The insurance carrier was put on notice and a claim filed. Both DRI and the underwriters retained experts to determine the repair and remediation necessary to secure the buildings, marina and embankment. To date the underwriters have funded the costs related to the remediation and reconstruction the damage sustained. Building 8 was placed in service June 30th, 2009. Building 7 will be placed in service in June 2010 upon completion of a scheduled refurbishment. The marina, dock and bait shop, should be complete by the second quarter of 2010. While there are a lot of complex issues surrounding this claim, it is expected that the claim will settle by third quarter 2010.
Sample 1
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Bank Erosion. The bottom stage is usually a couple feet deeper than the other areas of the ponds. Erosion can be caused by water dropping into the bottom stage if adequate protection/armor is not present. Erosion in this area must be mitigated to prevent sediment transport and other EDB feature damage.
Sample 1

Related to Bank Erosion

  • Contamination The presence in, on or under land, air or water of a substance (whether a solid, liquid, gas, odour, heat, sound, vibration or radiation) at a concentration above the concentration at which the substance is normally present in, on or under land, air or water in the same locality, that presents a risk of Environmental Harm, including harm to human health or any other aspect of the Environment, or could otherwise give rise to a risk of non-compliance with any Statutory Requirement for the protection of the Environment.

  • Concentrations No Receivable has a Statistical Contract Value (when combined with the Statistical Contract Value of any other Receivable with the same or an Affiliated Obligor) that exceeds 1% of the aggregate Statistical Contract Value of all the Receivables.

  • Predatory Lending Regulations; High Cost Loans None of the Mortgage Loans are classified as (a) “high cost” loans under the Home Ownership and Equity Protection Act of 1994 or (b) “high cost,” “threshold,” “predatory” or “covered” loans or “High Cost Home Loans” under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees);

  • Leakage 6. Injector self-activates during arming. 7. Missing component renders the unit non-functional. 8. Fails functionality test (unable to remove safety cap or expel contents). 9. Other (must meet definition of "Critical"). ** Regardless of ML-STD TEST - MAJOR DEFECTS LIMITS - AQL * ------

  • Regulatory Limitation In the event, as a result of increases in the value of Alternative Currencies against the Dollar or for any other reason, the obligation of any of the Lenders to make Loans (taking into account the Dollar Amount of the Obligations and all other indebtedness required to be aggregated under 12 U.S.C.A. §84, as amended, the regulations promulgated thereunder and any other Applicable Law) is determined by such Lender to exceed its then applicable legal lending limit under 12 U.S.C.A. §84, as amended, and the regulations promulgated thereunder, or any other Applicable Law, the amount of additional Extensions of Credit such Lender shall be obligated to make or issue or participate in hereunder shall immediately be reduced to the maximum amount which such Lender may legally advance (as determined by such Lender), the obligation of each of the remaining Lenders hereunder shall be proportionately reduced, based on their applicable Commitment Percentages to the relevant Credit Facility and, to the extent necessary under such laws and regulations (as determined by each of the Lenders, with respect to the applicability of such laws and regulations to itself), and the Company shall reduce, or cause to be reduced, complying to the extent practicable with the remaining provisions hereof, the Obligations outstanding hereunder by an amount sufficient to comply with such maximum amounts.

  • Hazardous Substances The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.

  • Earthquake including land shock waves or tremors before, during or after a volcanic eruption;

  • Affected Financial Institutions No Loan Party is an Affected Financial Institution.

  • Affected Financial Institution No Loan Party is an Affected Financial Institution.

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