Casualty Repair Work definition

Casualty Repair Work shall have the meaning set forth in Section 12.1. “Certificate” shall have the meaning set forth in Section 7.7(c). “Claimant” shall have the meaning set forth in Section 15.2(c).

Casualty Repair Work shall have the meaning set forth in Section 14.1 of this Agreement.

Casualty Repair Work shall have the meaning set forth in Section 16(a).

Examples of Casualty Repair Work in a sentence

• Insurance Proceeds disbursed to StadCo hereunder shall be held by StadCo in trust for the purposes of paying the cost of the Casualty Repair Work and shall be applied by StadCo to such Casualty Repair Work or otherwise in accordance with the terms of this Section 12.2.

• Insurance proceeds paid pursuant to the policies of insurance for loss of or damage to the Premises as a result of a Casualty (the “Insurance Proceeds”) shall be paid to StadCo, as restoring party, from time to time as such Casualty Repair Work progresses as provided in this Article 12.

• Insurance Proceeds paid or disbursed to StadCo shall be held by StadCo in trust for the purposes of paying the cost of the Casualty Repair Work and shall be applied by StadCo to such Casualty Repair Work or otherwise in accordance with the terms of this Article 12.

• The distribution of funds to StadCo for Casualty Repair Work shall not in and of itself constitute or be deemed to constitute (i) an Approval or acceptance by the Authority of the relevant Casualty Repair Work with respect to the Material Design Elements or (ii) a representation or indemnity by the Authority to StadCo or any other Person against any deficiency or defects in such Casualty Repair Work or against any breach of contract.

• Upon the service of such notice and the making of such payments within the foregoing time period, this Agreement shall cease and terminate on the date specified in such notice and StadCo shall have no obligation to perform any Casualty Repair Work or pay any Casualty Expenses with respect to such Casualty.

• To the extent any Casualty Repair Work is not performed by StadCo’s or any Affiliate of StadCo’s employees, such Casualty Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of StadCo and on commercially reasonable terms given the totality of the then-existing circumstances.

• All insurance proceeds paid pursuant to the policies of insurance required under Section 13.1 for loss of or damage to the Project Improvements Work (the “Insurance Proceeds”) shall be held by StadCo in trust for the purposes of paying the cost of the Casualty Repair Work and shall be applied by StadCo to such Casualty Repair Work performed in accordance with the terms of Section 14.1 above.

• Subject to Section 12.3, as Casualty Repair Work progresses during the Term, StadCo shall be obligated to pay for all costs and expenses of any such Casualty Repair Work that are not covered by Insurance Proceeds or for which Insurance Proceeds are inadequate (such amounts being included within the term “Casualty Expenses”).

• Insurance proceeds paid pursuant to the policies of insurance for loss of or damage to the Premises as a result of a Casualty (the “Insurance Proceeds”) shall be paid to Bristol, as restoring party, from time to time as such Casualty Repair Work progresses as provided in this Section 16.

• Insurance Proceeds paid or disbursed to Bristol shall be held by Bristol in trust for the purposes of paying the cost of the Casualty Repair Work and shall be applied by Bristol to such Casualty Repair Work or otherwise in accordance with the terms of this Section 16.

More Definitions of Casualty Repair Work

Casualty Repair Work has the meaning set forth in Section 18.1.

Casualty Repair Work shall have the meaning set forth in Section 20.1. “Claimant” shall have the meaning set forth in Section 18.2(c).

Casualty Repair Work shall have the meaning set forth in Section 14.1 of this Agreement. “Catch-Up Achievement Amount” means the sum of (i) those Project Costs paid by XxxxXx on or prior to the Funding Release Date, plus (ii) the amount paid by StadCo to discharge the Existing Stadium Bonds, plus (iii) the Existing Stadium Unfunded Amount.

Casualty Repair Work. With respect to any Casualty Repair Work exceeding cost of Twenty- Five Million Dollars ($25,000,000), Licensor shall have the right to (i) approve the general contractor and lead architect, if any, selected by Licensee to perform the Casualty Repair Work,