Constructive Total definition

Constructive Total. Loss shall have the meaning assigned to the term “Constructive Total Loss” in Inmarsat’s policy of Launch and In-Orbit Insurance in place at the time of Launch. Inmarsat shall provide a copy of such definition to Sea Launch promptly after the issuance of such policy of Launch and In-Orbit Insurance.
Sample 1Sample 2
Constructive Total. Loss shall mean the Spacecraft has lost more than seventy-five percent (75%) of its communications capability or more than seventy-five percent (75%) of its anticipated life, provided, however, that the meaning assigned to the term “Constructive Total Loss” in MSV’s policy of Launch and In-Orbit Insurance, if any, in place at the time of Launch shall take precedence over this definition. MSV shall promptly provide a copy of such definition to Sea Launch after the issuance of such policy of Launch and In-Orbit Insurance, if any.
Sample 1
Constructive Total. Loss shall have the meaning assigned to the term "Constructive Total Loss" in XM's policy of Launch and In-Orbit Insurance in place at the time of Launch. XM shall provide a copy of such definition to Sea Launch promptly after the issuance of such policy of Launch and In-Orbit Insurance.
Sample 1

Examples of Constructive Total in a sentence

  • In the event of a Total Loss or Constructive Total Loss, the Insured shall have the option to claim a Partial Loss under this Policy in lieu of such Total Loss or Constructive Total Loss.

  • In the event the first Satellite is a Constructive Total Loss or Total Loss, the requirements of this paragraph (a) shall apply to the second Satellite.

  • Total Loss, Constructive Total Loss, Partial Loss or change in the operating status or condition of the Satellite which occurs after Attachment of Risk will not be considered a material change for that Satellite under this Condition 20, meaning that the rights of review, renegotiation and elimination of participation described above will not apply to such events.

  • Unless the Launched ORION 2 Spacecraft is a Constructive Total Loss, Delivery and Final Acceptance will take place upon receipt by ORION of the In-Orbit Acceptance Report in full compliance with Part 2(A), Part 2(B) and Part 3(D).

  • A Partial Loss, Constructive Total Loss or Total Loss shall be deemed as not having occurred unless such Partial Loss, Constructive Total Loss or Total Loss has manifested itself by telemetry data or lack thereof, or any other ground measurement, recorded between Attachment of Risk and Termination of Risk.

  • Any recovery of Loss payment shall not exceed the amount of Loss paid to the Insured by the Insurers.Notwithstanding the provisions of Condition 4, claim payment for a Total Loss Constructive Total Loss or Partial Loss shall not be due unless the Insured has fulfilled all its obligations and an agreement has been reached with Insurers, with regard to this Condition 17.

  • The existence of a dispute shall not affect Final Acceptance set forth above; unless, under the procedures in Article 30, it is ultimately determined that the Launched Spacecraft is a Constructive Total Loss.

  • In the event of a taking that is less ------------- ----------- than a Constructive Total Taking, Tenant shall proceed with due diligence, subject to Unavoidable Delays, to repair, replace or rebuild the remaining Improvements to their former condition as may be reasonably possible.

  • In the event a taking less than a Constructive Total Taking, Landlord, to the extent Condemnation Proceeds are sufficient for the purpose, proceed with due diligence to restore and rebuild the remaining portion of the Building and the Premises to a complete architectural unit.

  • Transfer of title, free and clear of all liens and encumbrances of any kind, to each Satellite shall pass to Customer at the time of Handover of such Satellite, or, in the event of a Constructive Total Loss or Total Loss of such Satellite, at the time of such Constructive Total Loss or Total Loss, or, in the event such Satellite is placed in storage, as provided in Article 14.4 (Storage).


More Definitions of Constructive Total

Constructive Total. Loss shall have the meaning assigned to the term “Constructive Total Loss” in Customer’s Launch and In-Orbit Insurance policy in place at the time of Launch. Customer shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy. Control and its derivatives mean, with respect to a Party, (i) the legal, beneficial, or equitable ownership, directly or indirectly, of fifty percent (50%) or more of the capital stock (or other ownership interest if not a corporation) of such entity ordinarily having voting rights, or (ii) the power to direct, directly or indirectly, the management policies of such entity, whether through the ownership of voting stock, by contract, or otherwise.
Sample 1
Constructive Total. Loss shall have the meaning assigned to the term “Constructive Total Loss” in MSV’s Launch and In-Orbit Insurance policy in place at the time of Launch. MSV shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy Contract means this instrument and all exhibits attached hereto, as the same may be amended from time to time in accordance with the terms hereof, including:
Sample 1

Related to Constructive Total

  • Constructive Sale means, with respect to any security, a short sale or entering into or acquiring an offsetting derivative contract with respect to such security, entering into or acquiring a futures or forward contract to deliver such security or entering into any other hedging or other derivative transaction that has the effect of materially changing the economic benefits and risks of ownership of such security.

  • Constructive Termination means:

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Constructive Dismissal means, unless consented to by the Participant, any action that constitutes constructive dismissal of the Participant, including without limiting the generality of the foregoing:

  • Constructive Ownership means ownership of Shares by a Person, whether the interest in the Shares is held directly or indirectly (including by a nominee), and shall include interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.

  • Constructive Discharge means the occurrence of any of the following:

  • Constructive Owner, “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.

  • Substantial cause means Employee’s (1) failure to substantially perform Employee’s duties; (2) material breach of this Agreement; (3) misconduct, including but not limited to, use or possession of illegal drugs during work and/or any other action that is damaging or detrimental in a significant manner to the Company; (4) conviction of, or plea of guilty or nolo contendere to, a felony; or (5) failure to cooperate with, or any attempt to obstruct or improperly influence, any investigation authorized by the Board of Directors or any governmental or regulatory agency.

  • Constructively Owned shall have the correlative meanings.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Substantial Block means a number of shares of the Voting Stock which has 15% or more of the aggregate voting power of all outstanding shares of Voting Stock.

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 16.20(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control, or (iii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Treated wood means any wood that has been chemically treated (e.g. to enhance or alter the performance of the original wood). Treatments may include penetrating oils, tar oil preservatives, water-borne preservatives, organic-based preservatives, boron and organo-metallic based preservatives, boron and halogenated flame retardants and surface treatments (including paint and venner).

  • Potential Change in Control means the occurrence of any of the following events:

  • Constructively Own means ownership under the constructive ownership rules described in Exhibit C.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).