FIRE AND CASUALTY definition

FIRE AND CASUALTY. The parties hereto mutually agree that if the Leased Premises are partially or totally destroyed by fire or other casualty covered by the fire and extended coverage insurance carried by Lessor, then Lessor may after thirty (30) days written notice to Lessee, at Lessor's option, repair and restore the Leased Premises as soon as it is reasonably practicable, to substantially the same condition in which the Leased Premises were before such damage, or Lessor may terminate the Lease Agreement, provided, however, that in the event the Leased Premises are completely destroyed or so badly damaged that repairs cannot be commenced within thirty (30) days and completed within six (6) months thereafter, then this Lease Agreement shall be terminable as of the date of the occurrence of the damage or destruction, by either party hereto by serving written notice to the other; and provided further, that, in any event, if repairs have not been commenced within thirty (30) days from the date of said damage and thereafter completed within a reasonable time, in no case to exceed six (6) months, this Lease Agreement may be immediately terminated by Lessee as of the date of occurrence of the damage or destruction, by serving written notice upon Lessor. In the event the Leased Premises are completely destroyed or so badly damaged by fire or other casualty covered by the fire and extended coverage insurance to be carried by Lessor that it cannot reasonably be used by Lessee for the purposes herein provided and this Lease Agreement is not terminated as above provided, then there shall be a total abatement of rent until the Leased Premises are made usable. In the event the Leased Premises are partially destroyed or damaged by fire or other hazard so that the Leased Premises can be only partially used by Lessee for the purpose herein provided, then there shall be a partial abatement in the rent corresponding to the time and extent which the Leased Premises cannot be used by Lessee. If the Leased Premises are damaged by fire or other casualty resulting from the fault or negligence of Lessee, or the agents, employees, licensees or invitees of Lessee, such damage shall be repaired by and at the expense of Lessee under the direction and supervision of Lessor, and rent shall continue without abatement.
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Examples of FIRE AND CASUALTY in a sentence

  • OHIO SECURITY INSURANCE COMPANY and OCASCO BUDGET; WEST AMERICAN INSURANCE COMPANY; AMERICAN FIRE AND CASUALTY COMPANY, Appellants On Appeal from the United States District Court For the District of New Jersey (No. 99-cv-05919 and No. 00-cv-00640) District Judge: Honorable Jerome B.

  • Xxxxxx Title: Vice President Title: Vice President AMERICAN FIRE AND CASUALTY COMPANY AVOMARK INSURANCE COMPANY /s/ Xxxx X.

  • General Clause 13 of the Lease, 552.270-7 FIRE AND CASUALTY DAMAGE (MAR 2013), is hereby deleted in its entirety and replaced with the following: 13.

  • DEFENDANTS MEMORANDUM OPINION CONCERNING STATE FARM FIRE AND CASUALTY COMPANY’S MOTION [739] TO DISMISS FOR RELATORS’ VIOLATION OF SEAL ORDER The Court has before it the motion [739] of State Farm Fire and Casualty Company (State Farm) to dismiss this action on the grounds that the Relators have made public statements and disclosed materials in violation of the seal requirement of the False Claims Act (FCA), 31 U.S.C. §§3729 - 3733.

  • CONSULT YOUR LAWYER BEFORE SIGNING THIS AGREEMENT NOTE: FIRE AND CASUALTY LOSSES AND CONDEMNATIONThis contract form does not provide for what happens in the event of fire, or other casualty loss or condemnation before the title closing.

  • CHICAGO INSURANCE COMPANY; INTERSTATE FIRE AND CASUALTY COMPANY Third-Party Defendants - Appellees _______________________________________________________________ CHICAGO INSURANCE COMPANY; INTERSTATE FIRE AND CASUALTY COMPANY Plaintiffs - Appellees v.

  • Xxxxx Title: President and Chief Executive Officer ALLSTATE FIRE AND CASUALTY INSURANCE COMPANY By: /s/ Sxxxxx X.

  • VA528-13-L-0113, PAGE 4 LESSOR: ______ GOVERNMENT: ________ GSA FORM L201A (09/13) Page 29 of 153 2.10 FIRE AND CASUALTY DAMAGE (SIMPLIFIED LEASE) (SEP 2011) If the Building in which the Premises are located is totally destroyed or damaged by fire or other casualty, this Lease shall immediately terminate.

  • Step 1e – If the device has been installed for less than one year, calculate a factor to estimate the annual mileage by dividing 365.25 by the number of days since04-01-2016ALLSTATE FIRE AND CASUALTY INSURANCE COMPANYPage 73-3 PENNSYLVANIAPRIVATE PASSENGER AUTO INSURANCE MANUAL RULES Column 3: Extreme Braking Extreme Braking Events are defined as slowing down 10 or more miles per hour over a 1 second time interval.

  • Plaintiff and Appellant, vs.1STATE FARM FIRE AND CASUALTY COMPANY, Defendant and Respondent.00AFTER A DECISION BY THE CALIFORNIA COURT OF APPEAL, SECOND APPELLATE DISTRICT, DIV.

Related to FIRE AND CASUALTY

  • Insured Casualty has the meaning set forth in Section 5.1(x)(iv)(B).

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Major Casualty means, in relation to a Ship, any casualty to that Ship in respect of which the claim or the aggregate of the claims against all insurers, before adjustment for any relevant franchise or deductible, exceeds $500,000 or the equivalent in any other currency;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • windstorm means straight line winds of at least 80 miles per

  • protection and indemnity risks means the usual risks covered by a protection and indemnity association managed in London, including pollution risks and the proportion (if any) of any sums payable to any other person or persons in case of collision which are not recoverable under the hull and machinery policies by reason of the incorporation in them of clause 6 of the International Hull Clauses (1/11/02 or 1/11/03), clause 8 of the Institute Time Clauses (Hulls) (1/11/95) or clause 8 of the Institute Time Clauses (Hulls) (1/10/83) or the Institute Amended Running Down Clause (1/10/71) or any equivalent provision;

  • Material Casualty has the meaning set forth in Section 14.1.1.

  • Earthquake insurance, if the Leased Property is currently, or at any time in the future, located within a major earthquake disaster area, in amount, and in such form and substance and with such limits and deductibles as are satisfactory to Landlord; and

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance and Condemnation Event means the receipt by the Borrower or any of its Subsidiaries of any cash insurance proceeds or condemnation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective property or assets.

  • Casualty insurance means liability insurance.

  • Accidental Bodily Injury means an Injury sustained as the result of an Accident and independently of all other causes by an outside traumatic event or due to exposure to the elements.

  • Captive generating plant means a power plant set up by any person to generate electricity primarily for his own use and includes a power plant set up by any co-operative society or association of persons for generating electricity primarily for use of members of such cooperative society or association;

  • Boiler means an enclosed fossil or other fuel-fired combustion device used to produce heat and to transfer heat to recirculating water, steam, or other medium.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Property Insurance is defined in Section 6.10(a).

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Blanket insurance policy means a group policy covering a defined class of