Property Losses Sample Clauses

Property Losses. Subcontractor shall promptly investigate and report to Owner, Manager, and/or either’s insurance carrier all claims for damage to the Property. Subcontractor is authorized to settle claims for damage to Owner’s Property up to a maximum of Ten Thousand Dollars and No/100 ($10,000.00). Property claims in excess of Ten Thousand Dollars and No/100 ($10,000.00) shall, at Owner’s option, be settled by Owner or Manager.
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Property Losses. Charter School shall maintain property coverage for replacement value. NCOE is not responsible for real or personal property losses suffered by the Charter School, its elected or appointed officials, employees, agents, volunteers or students. Charter School shall be solely responsible for obtaining adequate property insurance for Charter School’s personal property, building improvements and any real property/buildings owned by the Charter School.
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Property Losses a. Members shall notify both Alliant and CSAC EIA of any property losses as soon as they become known to the member, and Alliant will notify the insurance company (ies) of any such losses. b. Notification of loss may initially be made by telephone to Alliant. However, an appropriate loss form shall be completed.
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Property Losses. Borrower shall give prompt written notice thereof to Lender after the happening of any property loss to or in connection with the Trust Estate or any part thereof, whether or not covered by insurance. In the event of such property loss, the gross proceeds less all expenses (including attorneys fees) incurred in the collection of such proceeds shall, subject to the provisions of the Note and the Loan Agreement, be payable to Lender in an amount not to exceed the then current balance, and Borrower hereby authorizes and directs any affected insurance company to make payment of such proceeds in such a case directly to Lender. If Borrower receives any proceeds of insurance resulting from such property loss, Borrower shall promptly pay over such proceeds to Lender. Lender is hereby authorized and empowered by Borrower at Lender's option and in Lender's sole discretion, as attorney-in-fact for Borrower, to make proof of loss, to appear in and prosecute any action arising from any policy or policies of insurance, and upon the occurrence of an Event of Default hereunder or under the Note, to settle, adjust or compromise any claim for loss, damage or destruction of the Trust Estate or any part thereof under any policy or policies of insurance without the prior written consent of Borrower to such settlement, adjustment or compromise. In the event of any damage to or destruction of the Premises, all insurance proceeds shall be applied in accordance with the terms of the Note and the Loan Agreement, except as otherwise herein provided in Section 1.05.
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Property Losses. District is not responsible for real or personal property losses suffered by the Charter School, it’s elected or appointed officials, employees, agents, volunteers or students. Charter School shall be solely responsible for obtaining adequate property insurance for Charter School’s personal property, building improvements and any real property/buildings owned by the Charter School.
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Property Losses 
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Related to Property Losses

  • Property Loss PSU is not responsible for loss or damage to personal property in University Housing due to fire, theft, pests, water, interruption of water or heat or other utility services, damages caused by other Residents, or other causes. Residents are strongly encouraged to carry personal property insurance (commonly referred to as “renters insurance”) and to remove any valuable items from their Space during break periods. Any claims regarding property loss or injury will be referred to PSU Risk Management (▇▇▇.▇▇▇.▇▇▇/▇▇▇▇).

  • Casualty Losses In the event that more than twenty-five (25%) of the square footage of the demised premises is damaged, destroyed, or rendered untenantable by fire or other casualty, Landlord may elect to terminate this lease by giving notice of such election to Tenant on or before the day which is ninety (90) days after such fire or other casualty, stating the date of termination, which termination shall be not more than thirty (30) days nor less than twenty-one (21) days after the date on which such notice of termination shall have been given; and (1) upon the date specified in such notice this lease and the term hereof shall cease and expire; and (2) any fixed annual rent and additional rent paid for a period after such date of termination shall be refunded to Tenant upon demand. If the leased premises are damaged or destroyed in whole or in part by fire or other casualty and the Tenant(s) do not want to terminate the lease, then the obligations of Tenant to pay fixed rent and to perform all of the other covenants and agreements on the part of Tenant to be performed pursuant to this shall not be diminished or affected.

  • Casualty Loss If in Owner’s reasonable judgment the premises or the Property is materially damaged by fire or other casualty, Owner may terminate this Agreement within a reasonable time after such determination, by written notice to Resident, in which case Owner will refund prorated, pre-paid rent and all deposits less lawful deductions unless Resident and/or Resident’s guest(s) caused the casualty, in which case all funds on account will be applied to all applicable charges related to the damages and Resident will be responsible for the balance of all charges for repairs. If following a fire or other casualty Owner has not elected to terminate this Agreement, Owner will rebuild the damaged areas within a reasonable time, and during such reconstruction, Resident will be provided a reasonable rent reduction for the unusable portion of the premises unless Resident and/or Resident’s guest(s) caused the casualty.

  • Damage to Property Of Others 1. We will pay, at replacement cost, up to $1,000 per "occurrence" for "property damage" to property of others caused by an "insured". 2. We will not pay for "property damage": a. To the extent of any amount recoverable under Section I;

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.