Common use of Damage; Strike; Casualty Clause in Contracts

Damage; Strike; Casualty. Any material damage to, or loss, theft or destruction of, any Property, whether or not insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than 30 consecutive days beyond the coverage period of any applicable business interruption insurance, the cessation or substantial curtailment of revenue producing activities of the Parent, the Borrower, any Guarantor, any other Loan Party or any other Subsidiary of the Parent if any such event or circumstance could reasonably be expected to have a Materially Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Centers Corp)

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Damage; Strike; Casualty. Any material damage to, or loss, theft or destruction of, any Property, whether or not insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than 30 consecutive days beyond the coverage period of any applicable business interruption insurance, the cessation or substantial curtailment of revenue producing activities of the Parent, the any Borrower, any other Guarantor, any other Loan Party Development Affiliate Guarantor or any other Subsidiary of the Parent or any Borrower if any such event or circumstance could reasonably be expected to have a Materially Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Regency Realty Corp)

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Damage; Strike; Casualty. Any material damage to, or loss, theft or destruction of, any PropertyCollateral, whether or not insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than 30 consecutive days beyond the coverage period of any applicable business interruption insurance, the cessation or substantial curtailment of revenue producing activities of the Parent, the Borrower, any Guarantor, any other Loan Party Party, or any other Subsidiary of the Parent taken as a whole and only if any such event or circumstance could reasonably be expected to have a Materially Material Adverse Effect.; or

Appears in 1 contract

Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)

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