Minor Casualty means any fire or other casualty which results in damage to the Facility and/or its contents, to the extent that the total cost (in Landlord's reasonable judgment) of repairing and/or replacing of the damaged portion of the Facility to the same condition as existed previously does not exceed the dollar amount of Two Million Dollars ($2,000,000), said dollar amount to be adjusted by the GDP Deflator.

Minor Casualty means any casualty, whether covered by insurance or not, which is not a Major Casualty.

Minor Casualty means any fire or other casualty that results in physical damage to the Project Facilities to the extent that the total cost (as estimated by the Independent Engineer) of repairing and/or replacing the damaged portion of the Project Facilities to the same condition as previously existed would not exceed the amount of INR [•] (Rupees [•]).

Examples of Minor Casualty in a sentence

If, during the Term, the Facility is damaged by fire, casualty or other cause to a greater extent than a Minor Casualty, but not to the extent of a Total Casualty, or if the Facility suffers a Total Casualty but neither party elects to terminate under Section 10.1, Landlord shall, at its cost and expense and with all reasonable diligence, repair and/or replace the damaged portion of the Facility to the same condition as existed previously.
There shall be no abatement or reduction of Rent on account of any Minor Casualty and all obligations of Tenant under this Agreement shall remain unchanged and in full force and effect.
In the event of any Minor Casualty at any time during the Term, and regardless of whether such Minor Casualty is insured or uninsured, Tenant shall be obligated to repair, rebuild or restore the damaged improvements.
The Improvements (including any partially constructed portion of the Project) shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless (i) such injury or damage constitutes a Minor Casualty, or (ii) the damage therefrom shall have been fully Restored, or (iii) Net Proceeds in an amount sufficient for Restoration shall have been received by Borrowers or Lender as required pursuant to this Agreement.
Graded S/U.Prerequisite: Economics major.604 Applied Statistics and Decision Analytics Assessment.

More Definitions of Minor Casualty

Minor Casualty means any fire or other casualty which results in damage to the Resort and/or its contents, to the extent that the total cost (in Manager's reasonable judgment) of repairing and/or replacing the damaged portion of the Resort to the same condition as existed previously does not exceed the dollar amount of Eight Million and No/00 Dollars ($8,000,000.00), said dollar amount to be adjusted by the GDP Deflator.

Minor Casualty means any casualty or accident other than a Major Casualty.

Minor Casualty means any fire or other casualty that results in damage to the Hotel and/or its contents, to the extent that the total cost of repairing and/or replacing of the damaged portion of the Hotel to the same condition as existed previously does not exceed an amount equal to ten percent (10%) of the total insured value of the Hotel.

Minor Casualty means an incident or occurrence whereby a Mortgaged Ship sustains damage or is the subject of a claim of the Casualty Amount or less;

Minor Casualty means any injury or damage to the Improvements on the Hotel/Casino Property and/or the Adjacent Property, including any partially constructed portion of the Project, (i) the cost of which to Restore, together with any prior such damages which (A) have not yet been Restored or (B) with respect to which Net Proceeds in an amount sufficient for Restoration have not yet been received by Borrowers or Lender as required pursuant to this Agreement, is less than $5,000,000.00, and (ii) is not materially interfering with, and is not, in Lender’s reasonable judgment, reasonably likely to materially interfere with, the progress of construction of the Project.

Minor Casualty means a casualty for which the cost of repair or restoration is reasonably projected to be less than or equal to 50% of the full replacement cost of the Hotel.

Minor Casualty means any casualty or damage to the Improvements, if the proceeds of any casualty insurance policy paid by any insurance company on account of such casualty or damage are $10,000,000 or less.