Event of Loss means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property or (b) any condemnation, seizure, or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property.
Event of Loss means, with respect to the Aircraft, Airframe or any Engine, any of the following events with respect to such property:
Event of Loss means, with respect to the Aircraft, Airframe or any Engine, any of the following circumstances, conditions or events with respect to such property, for any reason whatsoever:
Examples of Event of Loss in a sentence
No Default, Event of Default, Force Majeure Event or Threshold Event of Loss has occurred and is continuing or would be triggered by achievement of the Effective Date.
No Default, Event of Default, Force Majeure Event or Threshold Event of Loss has occurred and is continuing or would result from the Advance.
At least [*****] of the Charging Stalls owned by the Borrower are destroyed or become permanently inoperative as a result of one or more Events of Loss and are not fully covered by insurance or other compensation or, if fully covered, are not repaired or restored with Loss Proceeds within any time periods required under Section 7.04 (Event of Loss).
More Definitions of Event of Loss
Event of Loss means, with respect to any property or asset (tangible or intangible, real or personal) constituting Collateral, any of the following:
Event of Loss means, with respect to any property or asset, any (1) loss, destruction or damage of such property or asset or (2) any condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such property or asset, or confiscation or requisition of the use of such property or asset.
Event of Loss means any of the following events:
Event of Loss means any of the following events with respect to the Aircraft (whether the Airframe or an Engine of such Aircraft or both): (A) loss of such Aircraft or the use thereof due to theft or disappearance of the Aircraft which shall result in the loss of possession thereof for a period of 120 days (or for a shorter period ending on the date on which there is an insurance settlement for a total loss on the basis of the theft or disappearance of such Aircraft); (B) the destruction, damage beyond repair or rendition of such Aircraft permanently unfit for normal use for any reason whatsoever; (C) the condemnation, confiscation or seizure of, or requisition of title to, or use or possession (other than use by the United States Government if Lessee obtains adequate compensation from the United States Government) of such Aircraft; (D) as a result of any rule, regulation, order or other action by the FAA or other governmental body having jurisdiction, the use of such Aircraft in the normal course of interstate air transportation of persons or cargo shall have been prohibited for a period of more than nine consecutive months unless Lessee, prior to the expiration of such nine month period, shall have undertaken and shall be diligently carrying forward all steps which are necessary or desirable to permit the normal use of such property by Lessee or, in any event, if such use shall have been prohibited for a period of twelve consecutive months; (E) the operation or location of such Aircraft, while under requisition for use by the United States or any instrumentality or agency thereof, in any area excluded from coverage by any insurance policy in effect with respect to such Aircraft, if Lessee shall be unable to obtain indemnity or "war-risk" insurance in lieu thereof from the United States; (F) any damage which results in an insurance settlement with respect to such Aircraft on the basis of an actual or constructive total loss or (G) a divestiture of such Airframe as described in Section 4(d)(iii) or Section 4(d)(vi) of any Aircraft Chattel Mortgage under the Credit Agreement. An Event of Loss with respect to the Aircraft shall be deemed to have occurred if an Event of Loss occurs with respect to the Airframe of the Aircraft.
Event of Loss means, with respect to any property, (i) the actual or constructive total loss of such property or the use thereof, resulting from destruction, damage beyond repair, or the rendition of such property permanently unfit for normal use from any casualty or similar occurrence whatsoever, (ii) the destruction or damage of a portion of such property from any casualty or similar occurrence whatsoever under circumstances in which such damage cannot reasonably be expected to be repaired, or such property cannot reasonably be expected to be restored to its condition immediately prior to such destruction or damage, within 90 days after the occurrence of such destruction or damage, (iii) the condemnation, confiscation or seizure of, or requisition of title to or use of, any property, or (iv) in the case of any property located upon a Leasehold, the termination or expiration of such Leasehold.
Event of Loss means, with respect to any property, (i) the actual or constructive total loss of such property or the use thereof, resulting from destruction, damage beyond repair, or the rendition of such property permanently unfit for normal use from any casualty or similar occurrence whatsoever, (ii) the destruction or damage of a portion of such property from any casualty or similar occurrence whatsoever under circumstances in which such damage cannot reasonably be expected to be repaired, or such property cannot reasonably be expected to be restored to its condition immediately prior to such destruction or damage, within 90 days after the occurrence of such destruction or damage, (iii) the condemnation, confiscation or seizure of, or requisition of title to or use of, any property, or (iv) in the case of any property located upon a leasehold, the termination or expiration of such leasehold.
Event of Loss means the actual or constructive total loss, arranged or compromised total loss, destruction, condemnation, confiscation, requisition, seizure or forfeiture of, or other taking of title or use of, a Vessel.