Repair Event definition

Repair Event means each individual event where repairs are required in respect of the Vehicle.
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Repair Event means the occurrence of any Casualty Event or Event of Eminent Domain involving a probable loss of $5,000,000 or more.
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Repair Event means one of the following: a) at anytime hereafter but prior to the Closing Date, ICM determines that the Facility has not satisfied the Performance Criteria and has determined that the Repair Costs are $1,000,000 or less; or b) at any time hereafter but prior to the Closing Date, ICM determines that the Facility has not satisfied the Performance Criteria, has determined that the Repair Costs are in excess of $1,000,000 and Seller timely sends a Repair Notice.
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Examples of Repair Event in a sentence

  • If the Repair Event is expected to cost an amount exceeding NZ$100 including GST then You must notify thl and obtain thl’s consent before the repairs are carried out.

Related to Repair Event

  • Repair means the reconstruction, replacement, or renewal of any part of an existing building for the purpose of its maintenance or to correct damage.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Index Replacement Event means each of the following events:

  • Emergency Event means any situation arising from sudden and reasonably unforeseen natural disaster such as earthquake, flood, fire, or other acts of God, or other unforeseen events beyond the control of drayage truck owners and operators that threatens public health and safety or the reasonable flow of goods movement.

  • Casualty Event means any event that gives rise to the receipt by the Company or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property.