Material Casualty Loss definition

Material Casualty Loss has the meaning provided such term in Section 6.8.

Material Casualty Loss is defined in Section 7.11.

Material Casualty Loss has the meaning set forth in Section 7.2.

Examples of Material Casualty Loss in a sentence

• If a Casualty Loss occurs and such Casualty Loss would reasonably be expected to have a Material Adverse Effect (a “Material Casualty Loss”), PBF Energy shall have the right to extend the Closing Date for up to 45 days for the purpose of repairing or replacing the assets destroyed or damaged by the Material Casualty Loss.

• The costs to repair or replace the assets destroyed or damaged by the Material Casualty Loss shall be borne by PBF Energy.

• If a Casualty Loss occurs and such Casualty Loss would reasonably be expected to have a Material Adverse Effect (a “Material Casualty Loss”), MLP shall have the right to extend the Closing Date for up to forty-five (45) days for the purpose of repairing or replacing the Assets destroyed or damaged by the Material Casualty Loss.

• The costs to repair or replace the Assets destroyed or damaged by the Material Casualty Loss shall be shared by the Parties in the same percentage of their respective ownership interest in the JV.

• If HOLDINGS does not repair or replace the Assets destroyed or damaged by the Material Casualty Loss prior to the Closing to the reasonable satisfaction of MLP and the Parties are unable to agree on a value to compensate MLP for the Material Casualty Loss, MLP may terminate this Agreement upon fifteen (15) days written notice to HOLDINGS.

More Definitions of Material Casualty Loss

Material Casualty Loss has the meaning set forth in Section 5.6.4 hereof.

Material Casualty Loss means any Loss for which the aggregate Restoration Cost exceeds one million dollars ($1,000,000.00).

Material Casualty Loss. A casualty loss to any Project where (i) the damaged portion of such Project is more than 25% of the net leasable square footage of such Project; or (ii) the insurance proceeds for such damage are more than 25% of the outstanding balance of the Note secured by such Project.

Material Casualty Loss has the meaning provided such term in Section 6.8. “Material Contracts” means each of the following types of Contracts related to the Business: 7

Material Casualty Loss means, with respect to the Sale Property taken as a whole, any one or more events of Casualty resulting in loss or damage suffered to the land for which the cumulative effect, without consideration of any loss or damage suffered to the Improvements, results in damage suffered to the land portion of the Sale Property for which the uninsured or underinsured loss or estimated costs to restore such land portion to its pre-casualty condition exceeds Five Million and 00/100 Dollars ($5,000,000).

Material Casualty Loss shall have the meaning ascribed thereto in Section 7.15(a). "Material Environmental Condition" shall have the meaning ascribed thereto in Section 7.02(b).

Material Casualty Loss shall have the meaning given such term in Section 6.2. “Materiality Condition” shall have the meaning given such term in Section 10.5. “MIDSTREAM” shall have the meaning given such term in the introductory paragraph. “MIDSTREAM Cash Consideration” shall have the meaning given such term in Section 2.2. “MIDSTREAM Consideration” shall have the meaning given such term in Section 2.2. “MIDSTREAM Contribution” shall have the meaning given such term in Section 2.1.