Loss Event definition

Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

Loss Event means a Condemnation or Casualty involving an actual or constructive total loss or agreed or compromised actual or constructive total loss of all or substantially all of any Property constituting Collateral, except where the Company reasonably concludes that Restoration of such Property can be made in accordance with this Indenture and elects to do so in an Officers' Certificate delivered to the Trustee within 90 days of the relevant Condemnation or Casualty.

Loss Event means any Casualty Event or Event of Eminent Domain, as the context requires.

Examples of Loss Event in a sentence

• City of Dalton and Arch covenant not to sue or initiate arbitration or any other dispute resolution, or to permit such action in their name, against the other in connection with the Loss Event or the Claim, other than to enforce the terms of this Agreement.

• Issuance of the Settlement Payment represents full and final settlement of the Policy for the Loss Event and the Claim, including any and all matters, whether now existing, previously existing, or which may exist in the future, which are related in any way to any or all Loss Event or Claims.

• City of Xxxxxx represents and warrants that it is the sole and unconditional owner of all claims, rights, causes of actions, and any and all other entitlements that could have, are being, or may be brought in the future, relating to the Loss Event, the Claim, the Policy, or the Property which are the subject of or related to this Agreement.

• By signing below, the Parties agree that this Agreement is the product of an informed negotiation and involves compromises of the Parties’ previously stated positions, as well as full and complete compromise of all issues and claims that could, are being, or may be brought in the future, relating to the Loss Event or the Claim.

More Definitions of Loss Event

Loss Event has the meaning ascribed to such term in Section 5.4 of the Lease Agreement.

Loss Event means (i) any property casualty, loss, or other similar event affecting the Project or

Loss Event any of the following events in respect of the Facility: (i) the total loss of the Facility or the total loss of use thereof due to theft, disappearance, destruction, damage beyond repair or rendition of the Facility permanently unfit for normal use for any reason whatsoever; (ii) any damage to the Facility which results in an insurance settlement with respect to the Facility on the basis of a total loss; (iii) the permanent condemnation, confiscation or seizure of, or requisition of title to or use of, all or substantially all of the Facility including, but not limited to, a permanent taking by eminent domain of such scope that the untaken part of the Facility is insufficient to permit the restoration of the Facility for continued use in the Company’s business or that causes the remaining part of the Facility to be incapable of being restored to a condition that would permit the remaining portion of the Facility (without the portion of the Facility taken by eminent domain) to continue to have the capacity and functional ability to perform on a continuing basis (subject to normal interruptions in the ordinary course of business for maintenance, inspection, service, repair and testing) and in commercial operation, the function for which the Facility (as a whole) was designed as specified in the Facility Plan or a temporary taking of such nature for a period exceeding 180 consecutive days; or (iv) the occurrence of any event or the discovery of any condition in, on, beneath or involving the Facility or any portion thereof (including, but not limited to the presence of hazardous substances or the violation of any applicable Environmental Requirement) that would have a material adverse effect on the use, occupancy, possession, condition, value or operation of the Facility or any portion thereof, which event or condition requires remediation (A) the cost of which is anticipated, in the opinion of the Lessor, in consultation with an independent environmental engineering firm, to exceed 15% of the Termination Value, and (B) that could not reasonably be expected to be completed substantially in its entirety prior to the date that is 30 days prior to the then-applicable Scheduled Lease Termination Date or is not actually completed substantially in its entirety on or before the date that is 30 days prior to the then-applicable Scheduled Lease Termination Date.

Loss Event means a Loss (or a Loss that is reasonably expected to occur) for which the Contractor is, or is reasonably expected to be, liable under the Agreement.

Loss Event means any (a) actual, constructive, agreed or compromised total loss of a Vessel, (b) requisition of title to, or seizure or forfeiture of a Vessel or (c) termination of the Construction Contract.

Loss Event has the meaning provided such term in Section 5.12(a).

Loss Event means that: