Property Deductible definition

Property Deductible has the meaning ascribed to that term in Section 3.08(b).
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Property Deductible has the meaning set forth in Section 8.5.
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Property Deductible has the meaning ascribed to that term in Section 3.06(b). (pp) “Proposed Transaction” has the meaning ascribed to that term in Section 5.02(a).
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Examples of Property Deductible in a sentence

  • Notwithstanding anything to the contrary herein, Owner does not release or waive any right of recovery against Manager for any SIR or deductible in the commercial property insurance policy described in Sections 5.3(a)(iv) (the “Property Deductible”); provided, however, in the event recovery is sought against Manager, Owner shall be responsible for payment of the Property Deductible if Manager is not otherwise liable pursuant to this Agreement, including Section 7.4.

  • Notwithstanding anything to the contrary herein, Owner does not release or waive any right of recovery against Manager for any SIR or deductible in the commercial property insurance policy described in Sections 5.3(a)(ii), (iii), and (iv) (the “Property Deductible”); provided, however, in the event recovery is sought against Manager, Owner shall be responsible for payment of the Property Deductible if Manager is not otherwise liable pursuant to this Agreement, including Section 7.4 hereof.

  • Fixed Dollar Deductibles Without Optional Windstorm or Hail Percentage Deductible If an optional fixed dollar deductible of either $250, $1,000, $2,500 or $5,000 is selected to apply to all causes of loss (including Windstorm or Hail), select the fixed dollar deductible factor shown in Table 24.C.4.(RF) Optional Property Deductible Factors.

  • Personal Property Deductible is to be applied until exhausted in sequential order to Coverage B then Coverage F.

  • Coverage is subject to the Building and Business Personal Property Deductible specified in the declarations.

  • The Corporation made no loans to members of the Supervisory Board or Management Board and officers during the financial year ended December 31, 2003 and no loan was outstanding as of that date.

  • Flat Charge COVERAGE • Fixed Dollar Deductible Options Available Applicable To Specific CoveragesA flat dollar deductible different from the Property Deductible can be provided for certain Inland Marine and Crime coverages extended by the PROTECTO-GUARD ENHANCED PROPERTY COVERAGE ENDORSEMENT.

  • Corporate Governance is all about the Transparency, trust and relationship.

  • The original authorization provides for reimbursement for Amtrak’s costs for Property Insurance Costs, Property Deductible Risk Fee and Self-Insurance Liability Risk Fee related to Michigan’s ownership of a portion of the accelerated corridor between Chicago and Detroit.

  • Building Limit of Insurance $1,000,000 Property Deductible $5,000 Water Damage or Ice Damming Deductible $2,500 The applicable deductible is $15,000 (6 x $2,500) because the Water Damage or Ice Damming Deductible is greater than the Property Deductible.

Related to Property Deductible

  • Deductible has the meaning set forth in Section 11.1(e).

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Property Income means cash rents (excluding non-cash straight-line rent) and other cash revenues received by the Borrower or a Guarantor in the ordinary course for any Property, but excluding security deposits and prepaid rent except to the extent applied in satisfaction of tenants’ obligations for rent.

  • Property damage means physical injury to, destruction of, or loss of use of tangible property.

  • Bankruptcy Loss Coverage Amount As of any date of determination, the Bankruptcy Loss Coverage Amount shall equal the Initial Bankruptcy Loss Coverage Amount as reduced by (i) the aggregate amount of Bankruptcy Losses allocated to the Certificates since the Cut-off Date and (ii) any permissible reductions in the Bankruptcy Loss Coverage Amount as evidenced by a letter of each Rating Agency to the Trustee to the effect that any such reduction will not result in a downgrading, qualification or withdrawal of the then current ratings assigned to the Classes of Certificates rated by it.

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

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Property Value means the fair market value of the real property, as remediated, less

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Property Taxes means all real property Taxes, personal property Taxes and similar ad valorem Taxes.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,748,787, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows:

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eleven million dollars ($11,000,000.00).

  • Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • Property Tax means the general property tax due and paid as set

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Title Defect Property has the meaning set forth in Section 6.2(a).