System and Facility Damage Sample Clauses

System and Facility Damage a. Until the PACE Tax Assessment Contract has been paid in full and terminated in accordance with its terms, in the event Purchaser purchases the System as provided in Section 14(b)(i) of the Agreement, any payment made by Purchaser to Seller on account of the System purchase price shall first be used by Seller as a deposit to fund in advance the Assessment with the PACE Taxing Authority until the Assessment has been paid in full, after which any remaining amount shall be retained by Seller. b. Until the PACE Tax Assessment Contract has been paid in full and terminated in accordance with its terms, in the event Purchaser pays the Termination Payment to Seller as provided in Section 11(b)(iii)(1) of the Agreement, any payment made by Purchaser to Seller on account of such Termination Payment shall first be used by Seller to pay future payments of Assessments with the PACE Taxing Authority until the Assessment has been paid in full, after which any remaining amount shall be retained by Seller.
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System and Facility Damage 
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Related to System and Facility Damage

  • Property Damage Lessee shall obtain and maintain insurance coverage on all of Lessee's personal property, Trade Fixtures, and Lessee Owned Alterations and Utility Installations. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for the replacement of personal property, Trade Fixtures and Lessee Owned Alterations and Utility Installations. Lessee shall provide Lessor with written evidence that such insurance is in force.

  • Personal Property Damage Upon submission of reasonable proof the Employer shall repair or indemnify with respect to damage to the chattels of an employee while on duty caused by the actions of a patient, resident or client provided such personal property is an article of use or wear of a type suitable for use while on duty.

  • System Upgrade Facilities and System Deliverability Upgrades Connecting Transmission Owner shall design, procure, construct, install, and own the System Upgrade Facilities and System Deliverability Upgrades described in Appendix A hereto. The responsibility of the Developer for costs related to System Upgrade Facilities and System Deliverability Upgrades shall be determined in accordance with the provisions of Attachment S to the NYISO OATT.

  • FIRE AND CASUALTY DAMAGE (a) Notwithstanding anything herein to the contrary, if (1) fire or other casualty renders the Premises substantially unusable for Tenant's purposes, (2) the holder of any indebtedness secured by a mortgage or deed of trust covering the Premises requires that the insurance proceeds in an amount greater than $500,000.00 paid for such casualty to the Premises be applied to such indebtedness and the amount of insurance proceeds made available to Landlord for restoration of the Premises is substantially less than the amount needed to restore the Premises to the substantial equivalent of the pre- casualty condition and to make the Premises lawfully occupiable within 120 days after the casualty, then Landlord shall have the right to terminate this Lease by delivering written notice of termination to Tenant within 5 days after such requirement is made by any such holder, whereupon all rights and obligations hereunder thereafter accruing shall cease and terminate. Landlord shall allow Tenant reasonable access and time in order to remove property that Tenant may lawfully remove. Upon the occurrence of a casualty described in this subsection (a), Landlord shall use reasonable efforts to locate and offer to Tenant substitute comparable space for Tenant within another building owned by Landlord or an affiliate of Landlord and within five miles of the Building. (b) Subject to Section 7(b) of the Lease, it is agreed that the obligation of Landlord in this paragraph to repair and restore the Premises and the Building as provided herein, does not include an obligation of Landlord to repair the fixtures, equipment, or personal property of Tenant, except to the extent the repair and restoration is needed because of the Landlord’s breach of its obligations under this Lease or because of the negligence or intentional acts of the Landlord or its contractors. (c) The period of time within which repair and restoration of the Premises as contemplated in this section 3 must be completed shall be extended due to delays occasioned by force majeure. As used in this Lease, “force majeure” means events beyond the control of Landlord that cause delays that adversely affect the critical path of preparing the Premises for Tenant’s occupancy.

  • General Liability and Property Damage With respect to all operations performed under this Agreement, the Party shall carry general liability insurance having all major divisions of coverage including, but not limited to:

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