Damaged Portion definition

Damaged Portion has the meaning set forth in Section 6.8(b).
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Damaged Portion means a portion that has been mashed, physically or mechanically injured, misshaped or mutilated to the extent that its appearance is materially affected. The amount of damage is measured by using a grid composed of squares ¼ inch (that is, squares with an area of 1/16 square inch each) to measure the area of the portion affected. Deductions are not made for damage less than 1/16 square inch.
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Damaged Portion has the meaning specified in Section 2.06(a) of this “Deposit Escrow Account” means an escrow account established at ▇.▇. ▇▇▇▇▇▇ Trust Company, National Association, pursuant to the Deposit Escrow Agreement.
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Examples of Damaged Portion in a sentence

  • If Seller reasonably expects the Damaged Portion resulting from a Casualty Event cannot be fully repaired or restored in accordance with applicable Laws on or before the Casualty Event Termination Date, then either Party may either (i) terminate this Agreement or (ii) agree to a mutually acceptable solution related thereto.

  • If all or any portion of the Transmission Assets shall have been damaged or destroyed (whether by fire, theft, vandalism or other casualty) in whole or in part, Seller shall have completed the full repair or restoration of the Damaged Portion in accordance with Section 6.8.

  • If the Estimated Cost of such repair or restoration of the Damaged Portion exceeds $1,500,000, Seller will not grant its final acceptance of any such repair or restoration without Facility Purchaser’s prior written consent and, to the extent the Damaged Portion includes Transmission Assets, Purchaser’s prior written consent, in each case not to be unreasonably withheld or delayed.

  • If neither Seller nor Facility Purchaser terminates within such period then Seller shall bear the costs of and responsibility for fully repairing or restoring the Damaged Portion and shall promptly commence, diligently pursue and complete such repair or restoration as soon as reasonably practical, subject to paragraph (c) below.

  • To the extent that the repair or replacement cost of any such Damaged Portion is not covered by insurance proceeds, then the Purchase Price shall be reduced by the amount of the Casualty Estimate less any recoveries or awards which Buyer has received.

  • If the Estimated Cost of such repair or restoration of the Damaged Portion exceeds $1,500,000, Seller will not grant its final acceptance of any such repair or restoration without Purchaser's prior written consent and, to the extent the Damaged Portion includes Transmission Assets, Transmission Assets Purchaser's prior written consent, in each case not to be unreasonably withheld or delayed.

  • Upon the completion of any such repair or restoration, risk of loss for the Damaged Portion shall pass to Buyer.

  • If a Casualty Event shall have occurred, Seller and Dynegy shall have, as applicable, completed the full repair or restoration of the Damaged Portion in accordance with Section 6.7(d), including, if required pursuant to Section 6.7(d), Seller and Dynegy shall have obtained Purchaser’s written consent to Seller’s and Dynegy’s final acceptance of such repair and restoration, or paid the amounts and made the transfers set forth in Section 6.7(e).

  • The Full Cost of Repair And The Restoration of The Damaged Portion of The Research And Development Property To A Condition Substantially The Same As But Not Better or More Extensive Than Its Condition Prior To The Damage.

  • As soon as practicable following the Casualty, Seller will provide to Buyer a detailed written estimate from an independent third party appraiser mutually acceptable to Seller and Buyer setting forth the estimated amount required to repair, replace or restore the Damaged Portion together with the estimated loss of profits and all costs and expenses associated with the Casualty (the “Casualty Estimate”).


More Definitions of Damaged Portion

Damaged Portion means a physically or mechanically injured, misshaped or mutilated to the extent that its appearance is materially affected. The amount of damage is determined by using a grid composed of squares ¼ inch x ¼ inch to measure the area of the portion affected. No deductions are made for damage of less than ¼ inch x ¼ inch.
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Damaged Portion means a PB1 Damaged Portion, PB2 Damaged Portion, PB3 Damaged Portion, PB4 Damaged Portion or the Common Facilities Damaged Portion, as applicable.
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Related to Damaged Portion

  • Closed portion means that portion of a facility which an owner or operator has closed in accordance with the approved facility closure plan and all applicable closure requirements. (See also “active portion” and “inactive portion”.)

  • Portion is defined in Section 2.1(a) hereof.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Applicable Portion means, with respect to any holder of shares of Preferred Stock who fails to purchase his, her or its Pro Rata Amount in a Qualified Financing, a number of shares of Preferred Stock calculated by multiplying the aggregate number of shares of Preferred Stock held by such holder immediately prior to a Qualified Financing by a fraction, the numerator of which is equal to the amount by which such holder’s Pro Rata Amount exceeds the number of Offered Securities actually purchased by such holder in such Qualified Financing, and the denominator of which is equal to such holder’s Pro Rata Amount.