Catastrophic Loss definition
Catastrophic Loss means any loss due to mine subsidence, fire,
Catastrophic Loss means two or more Losses, as defined, excluding the Loss of a finger, thumb or toe or any combination thereof. Loss of speech is considered catastrophic without an accompanying Loss.
Catastrophic Loss means any loss of Crude Oil resulting from a spill, fire, explosion or other casualty loss.
Examples of Catastrophic Loss in a sentence
The system also pays the full premium for extended coverage under the Catastrophic Loss Fund of Pennsylvania.
All loss of, damage to or contamination of Crude Oil while in the custody of the Terminal or occurring during the receipt, handling, storage or delivery of Crude Oil at the Terminal, including any casualty or other spillage shall be for Coffeyville’s account, except that any Catastrophic Loss shall be for Supplier’s account.
Conversely, any Catastrophic Loss of Crude Oil occurring on or after the passage of risk of loss shall be for Coffeyville’s account.
Upon receipt of such payment from Coffeyville, Vitol shall allocate to Coffeyville’s account any insurance proceeds received with respect to such Catastrophic Loss.
For the avoidance of doubt, Terrorist Event shall be deemed a Catastrophic Loss Occurrence.
More Definitions of Catastrophic Loss
Catastrophic Loss means an Event of Loss with respect to the Pipeline for which the total Loss Proceeds payable in respect of the lost or damaged Property are greater than $100,000,000.
Catastrophic Loss means direct loss of non-deployed gear in the event of a vessel being destroyed due to fire, capsizing, or sinking. Documentation of a catastrophic loss may include any information the Department considers appropriate, such as fire department or US Coast Guard reports.¶
Catastrophic Loss means any loss resulting from a spill of Crude Oil from any vessel chartered pursuant to this Agreement.
Catastrophic Loss means any Casualty Event with respect to the Project for which the replacement value of the lost or damaged Property (as determined by the Executive Committee of the Partnership reasonably and in good faith) is greater than the greater of (x) 10% of the gross book value of the Partnership's plant, property and equipment, taken as a whole, and (y) $100,000,000, as Escalated.
Catastrophic Loss means a loss that arose from a natural disaster,
Catastrophic Loss means any loss resulting from a spill of Crude Oil from any vessel chartered pursuant to this Agreement. “Closing” has the meaning specified in Section 2.1. “Closing Date” means a Business Day mutually agreed by the Parties, provided that if no such day is mutually agreed by the Parties, the Closing Date shall be December 30, 2005. “Coffeyville” has the meaning specified in the preamble to this Agreement. “Commencement Date” has the meaning specified in Section 3.1. “Confirmation” means a written communication confirming the terms of a Purchase Contract between Supplier and a third party Counterparty, for the sale of Crude Oil containing, at a minimum, the following terms: price, volume, quality, point of delivery to Supplier, date of delivery to Supplier, identity of Counterparty and terms for non-performance. “Contracted Volumes” means, at any time and from time to time on and after the Closing Date, the aggregate volumes of Crude Oil that are to be purchased or sold under Purchase Contracts or Sale Contracts and are yet to be delivered to Coffeyville. “Counterparty” has the meaning specified in Section 4.3(b). “CPT” means the prevailing time in the Central time zone. “CRCT” means Coffeyville Resources Crude Transportation, LLC. “CRCT Pipeline” means the 16 inch crude oil pipeline operated by CRCT between ▇▇▇▇▇▇ Station and the Refinery. “Crude Oil” means all crude oil that Supplier purchases and sells to Coffeyville or for which Supplier assumes the payment obligation pursuant to this Agreement. For clarity, Crude Oil does not include Gathered Crude. “Crude Oil Gains and Losses” means any difference (positive or negative) for a stated period between the volume of Crude Oil purchased by Supplier from one or more Counterparties and the corresponding volume that is actually delivered to Coffeyville at the Delivery Point, which results from in-transit gains and losses, including any spill, but excluding any Catastrophic Loss.
Catastrophic Loss means direct loss of non-deployed gear in the event of a vessel being destroyed