Property Loss definition

Property Loss means the value of property taken from the victim, or of property destroyed or otherwise broken or harmed. A property loss includes the value of taxes or other obligations due to the government that have not been paid. "Property loss" also includes, in cases involving a violation of chapter 45, the value of money or other consideration given or offered in exchange for scheduled drugs by a law enforcement officer or another at the direction of a law enforcement officer that are not, in fact, recovered by the State at the time of sentencing, regardless of whether other money or items of value are sought, acquired or forfeited pursuant to Title 15, chapter 517. In cases involving a violation of chapter 45, the court must make a finding that the property loss is specifically related to that case.[PL 2019, c. 113, Pt. A, §2 (NEW).]

Property Loss means damage to the Premises by fire, flood, windstorm, earthquake, act of God or other natural or manmade occurrence that results in damage to the Premises.

Property Loss. All personal property I bring to the Event is brought at my sole risk as to its theft, damage or loss. Medical. I give consent to emergency medical care and transportation in order to obtain treatment in the event of injury, as any Host or Resort Party may deem appropriate, and I accept full responsibility for the payment of all costs for same.

Examples of Property Loss in a sentence

• Damage and Destruction 48 12.1. Notice of Property Loss 48 12.2. Intentionally Omitted 49 12.3. Destruction 49 12.4. Restoration 49 12.5. Disbursement of Insurance Proceeds 50 12.6. Insufficient Proceeds/Risk of Loss 50 12.7. Excess Proceeds 50 12.8. Landlord’s Inspection 50 12.9. Not Trust Funds 51 12.10.

• The Restoration Plans and Specifications shall describe Work of such nature, quality and extent that, upon the completion thereof, the Facility shall be at least equal in value and general utility to its value and general utility prior to the Property Loss and shall be adequate to operate the applicable Facility for its Primary Intended Use.

• Notwithstanding anything in this Lease to the contrary, any payments, deposits, escrows, Property Loss Insurance Proceeds or Awards received or held by Landlord under any of the provisions of this Lease may, following any Event of Default and at Landlord’s option, in its sole discretion, be applied to Tenant’s obligations in the order that Landlord in its sole discretion may determine.

• If Landlord is required or elects to apply any Property Loss Insurance Proceeds toward repair or restoration of the applicable Facility, provided Tenant is performing the Work in accordance with this Lease, Landlord shall disburse such Property Loss Insurance Proceeds as and when required by Tenant in accordance with normal and customary practice for the payment of a general contractor in connection with construction projects similar in scope and nature to the Work.

• Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value of the Facility from any Property Loss whatsoever, whether or not insurable or insured against.

More Definitions of Property Loss

Property Loss. The applicant understands that the Kankakee Area YMCA is not responsible for personal property lost, damaged or stolen while using the YMCA facility or participating in YMCA programs.

Property Loss means any loss or damage to, or destruction of, the Real Property that arises from a cause that is required to be covered under the terms of the Property Insurance Policies.

Property Loss. All personal property placed in or about Premises shall be the sole risk of Tenants or the parties owning the same. Landlord shall not be liable for any loss/damage resulting from fire, theft, leaks or other casualty unless same is due to the negligence of Landlord. Tenants should obtain Renter’s Insurance or may opt for coverage under parent’s homeowners policy.

Property Loss. Property Loss means any material loss or damage or breakdown to any tangible material property covered under the Contract belonging to a third party, which results from an Occurrence.

Property Loss. The User will reimburse the College for any and all damage caused to the facilities and/or the equipment therein sustained during User's use. The damage deposit will be returned to the User at the end of this Agreement if there are no damages to the facilities or equipment. The User agrees to reimburse the College for any damage, clean-up or hazardous waste related expenses, including disposal, shipping, damages, and or penalties imposed as a result of its use. The College shall not be liable for damage to User's property of any type, for any reason or cause whatsoever. User’s reimbursement obligations survive termination of this Agreement.

Property Loss is defined in Section 6.3(d).

Property Loss means the loss of tangible personal property directly caused by a criminal or delinquent act of another. For purposes of Section 960.195, F.S., the following are specifically excluded: abandoned property, cash or other negotiable instruments, contraband, or other illicit items.