Casualty definition
Casualty shall have the meaning set forth in Section 6.2 hereof.
Casualty means the occurrence of any casualty, damage or injury, by fire or otherwise, to the Property or any part thereof.
Casualty means any casualty, loss, damage, destruction or other similar loss with respect to real or personal property or improvements.
Examples of Casualty in a sentence
In the event of any Casualty, Landlord may elect either to (i) repair the damage caused by such casualty as soon as reasonably possible, in which case this Lease shall remain in full force and effect, or (ii) terminate this Lease as of the date the casualty occurred.
In the event that any Loan Party or any of its Subsidiaries receives Net Cash Proceeds in respect of any Casualty Event, then, substantially simultaneously with (and in any event not later than the third Business Day next following) the receipt of such Net Cash Proceeds, the Borrower shall prepay the Term Loans in an aggregate principal amount equal to 100 % of such Net Cash Proceeds in excess of $ 3 , 000 , 000 .
More Definitions of Casualty
Casualty means any loss of or damage to any property included within or related to the Properties or arising from an adjoining property caused by an Act of God, fire, flood or other catastrophe.
Casualty means, with respect to a Financed Vehicle, the total loss or destruction of such Financed Vehicle.
Casualty has the meaning set forth in Section 12.13.1 hereof.
Casualty shall have the meaning specified in Section 6.2 hereof.
Casualty means any fire, storm, earthquake, tornado, flood or natural disaster or other sudden, unexpected or unusual cause of damage or destruction.
Casualty means any damage to or destruction of or which affects the Leased Premises or Adjoining Property or which arises from the Adjoining Property.
Casualty means the occurrence of damage to or loss of all or any portion of the Mortgaged Property by fire or other casualty.