Damage Event definition

Damage Event shall have the meaning given such term in Section 10.3.
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Damage Event as defined in Section 1.2 of the Security Deposit Agreement.
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Damage Event shall have the meaning specified in Section 1.2 of the Depositary Agreement.
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Examples of Damage Event in a sentence

  • Such liquidated damages shall continue to accrue and shall be payable until the Damage Event has been cured, and, if not paid, interest thereon shall accrue at a rate of 2% per month.

  • The cost to repair a product, after the limit of one Accidental Damage Event per year has been reached, will be charged on a time and material basis.

  • Similar liquidated damages shall be paid with respect to any COES Preferred Shares not initially eligible for conversion when the Damage Event first occurred but which subsequently become eligible for conversion, without regard to Section 5.8, commending in the first month that such COES Preferred Shares become eligible for such conversion.

  • The Outside Restoration Completion Date shall be extended by delays in the completion of the repair of the damage comprising a Tenant Damage Event to the extent caused by Force Majeure Events (other than the casualty that caused the damage) for up to ninety (90) days or by Tenant, its agents, employees or contractors.

  • As used herein, a "Tenant Damage Event" shall mean damage to all or any part of the Premises or any common areas of the Building necessary for Tenants use of the Premises by fire or other casualty, which damage substantially interferes with Tenant's use of or access to the Premises and would entitle Tenant to an abatement of Rent pursuant to Section 11.1 above.

  • Seller agrees to give Purchaser prompt notice (a) of any pending or threatened condemnation affecting the Property of which Seller becomes aware, (b) if all or any part of the Property becomes subject to litigation or if Owner or Tenant becomes subject to litigation that would affect Seller’s ability to perform its obligations under this Agreement, and (c) of any Damage Event.

  • As used herein, a "Tenant Damage Event" shall mean damage to all or any part of the Premises or any common areas of the Building providing access to the Premises by fire or other casualty, which damage is not the result of the negligence or willful misconduct of Tenant or any of Tenant's employees, agents, contractors or licensees, and which damage substantially interferes with Tenant's use of or access to the Premises and would entitle Tenant to an abatement of Rent pursuant to Section 11.1 above.

  • Such accommodation may be outside of the Village and will be provided as soon as reasonably practicable after the Damage Event occurs.

  • Each Qualified Insurer is hereby authorized and directed by Borrower to make payment for all losses associated with a Major Damage Event to Lender alone, and not to Lender and any Individual Borrower or any other Person jointly.

  • Lender may participate in any such proceeding relating to a Major Damage Event and the applicable Individual Borrower shall deliver to Lender all instruments necessary or required by Lender to permit such participation.


More Definitions of Damage Event

Damage Event has the meaning given such term in Section 13(c).
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Damage Event any loss or destruction of, or damage to, or condemnation, confiscation or seizure of, or requisition of title to or use of, any part of the Project which does not constitute an Event of Loss.
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Damage Event means a damage event as defined in the Civil Protection Act, the Fire Protection Act, or the relevant international agreements (Article 1(2)).
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Damage Event means a claim due to an external process and made on the basis of the Agreement or in lieu of a freight forwarding claim by the Customer in relation to the Goods;
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Damage Event means an event which results in the damage or destruction of the Care Suite such that it is uninhabitable, whether by fire, natural disaster, earthquake, site affected disaster or any other risk. Deed of Supervision means the written document we have entered appointing the Statutory Supervisor to the Village as required under the Retirement Villages Act, as amended from time to time.
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Damage Event shall have the meaning set forth in Section 7.5(b) of this Agreement.
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Related to Damage Event

  • Damage Payment means the dollar amount that equals the amount of the Development Security.

  • Change Event means any merger, de-merger, amalgamation, consolidation, reorganization, joint operation or service arrangement, corporate restructuring or any other business arrangement involving the DPO or any Change Of Control or change in the management or acquisition of majority stake or controlling stake of the DPO or acquisition by the DPO of a majority stake or a controlling stake in any other entity or selling the whole or a substantial portion of the DPO’s assets and/ or purchasing the whole or a substantial portion of the assets of another entity.

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).