Casualty Property definition

Casualty Property has the meaning set forth in Section 1.8.2 hereof.
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Casualty Property means any Item of Leased Property suffering a Casualty Event.
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Casualty Property has the meaning given to such term in Section 11.1(b).
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Examples of Casualty Property in a sentence

  • Marine General Casualty Property 20% 31% 49% Accident & Health Fin.

  • If, prior to the Closing, any of the Improvements are damaged by fire or other casualty (collectively, "Casualty"), as promptly as possible after Property Owner learns of such Casualty, Property Owner shall deliver to CBL/OP written notice thereof ("Casualty Loss Notice") together with Property Owner's determination as to whether the damage constitutes a "Material Damage" (as defined below).

  • Employer’s Liability; Fidelity and Surety; Motor Vehicle and Aircraft Property Damage, Fire, Theft, Comprehensive, Collision; Inland Marine (RESTRICTED – NO NEW BUSINESS) North Dakota December 11, 1989 July 16, 2001 Casualty; Property Ohio July 17, 1983 Accident & Health; Aircraft; Allied Lines; Boiler & Machinery; Burglary & Theft; Collectively Renewable A & H; Commercial Auto—Liability; Commercial Auto—No Fault; Commercial Auto—Phys.

  • Global Insurance (10.1% of Q1 2012 P&C GPW) Reinsurance (48.1% of Q1 2012 P&C GPW) Professional Liability Property Excess Liability Aviation General Casualty Property Aviation Workers Comp.

  • Commissioner Bell (Second Vice-Chair Collins), moved to accept the SDIS Casualty Property Liability policy be paid quarterly in the amount of $53,572.

  • Upon notifi- cation of a covered event from the sponsor, the Claims Administrator shall review the notification for com- pleteness within thirty (30) days of re- ceipt.

  • A bank or savings association that calculates its credit exposure by using the Internal Model Method pursuant to this paragraph (b)(1)(i) may net credit exposures of derivative transactions arising under the same qualifying master netting agreement.

  • Section 13.05 If this Lease is terminated with respect to a Casualty Property or a Condemned Property, the Fixed Rent due after the termination of the Lease shall be reduced by the amount of the Fixed Rent allocable to such Casualty Property or Condemnation Property pursuant to Exhibit E.

  • If Grantee has not timely delivered such notice of intent to Grantor, then upon the expiration of such thirty (30) day period, the Timber Rights shall terminate with respect to such Casualty Property, and such Casualty Property shall be released from the Timber Rights and shall become Released Property.

  • PropertyFireInsurance Insurance Catastrophe InsuranceInsurance Micro-InsuranceCatastrophe Micro- InsuranceLife Health Casualty Property Micro- Micro- Micro- Micro-Insurance InsuranceInsurance InsuranceMicro-Fire InsuranceCasualty InsuranceHealth InsuranceLife InsuranceFigure 2 Insurance framework of catastrophe micro-insurance People whose primary interest is general insurance and reinsurance are likely to perceive catastrophe micro-insurance in this framework.


More Definitions of Casualty Property

Casualty Property means a Property that, between the Acceptance Date and the Closing Date incurs damage caused by fire or other casualty, and such damage is in excess of $100,000 and such damages have not been repaired and all liens applicable to such repairs have not been waived, released or expired prior to the Closing Date. A "Condemnation Property") shall mean a Property that between the Acceptance Date and the Closing Date becomes subject to a taking or condemnation of all or any portion of such Property, which taking materially affects the Tenant's use of the Property. In the event of a condemnation or casualty with respect to any Property which qualifies such Property as a Condemnation Property or a Casualty Property, the Buyer may elect to either (i) terminate this Agreement, in which case the Deposit shall be promptly returned and neither party shall have any continuing obligations under this Agreement, or (ii) elect to close on the Closing Date, in which event there shall be no adjustment to the Total Purchase Price, but Buyer shall be entitled to receive the applicable condemnation award and all insurance proceeds otherwise payable to Seller with respect to such condemnation or casualty, as the case may be.
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Casualty Property has the meaning set forth in Section 20.7.1 (Notice to PGCPS). “Casualty Restoration” has the meaning set forth in Section 20.7.2 (Obligation to Restore).
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Related to Casualty Property

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • City Property means any real property owned by City, whether in fee or other ownership estate of interest.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • University property means premises owned, controlled or occupied by the University in the UK which are made available for use by the Supplier or its sub-contractors for provision of the Services (or any of them) on the terms set out in this Contract or any separate agreement or licence.

  • DOCPROPERTY DocID" \* MERGEFORMAT 22518942.2 238213-10001 5

  • Security Property means all right, title and interest in, to and under any Security Document, including:

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • railway property means any railway belonging to Network Rail and—

  • Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • New property means (i) the assessed value, after final

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Release Property has the meaning set forth in Section 2.5.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Excepted Property The meaning assigned in the Granting Clauses hereof.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Hotel Property means a Property on which there is located an operating hotel.