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

  • Event of Loss means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property.