Stipulated Loss definition

Stipulated Loss. Value Determination Date. Each date set forth on Schedule III of the Lease. Subordination Agent. First Security Bank, National Association, a national banking association, not in its individual capacity but solely as Subordination Agent.

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Stipulated Loss. Value Determination Date. Each date set forth on Schedule III of the Lease under the heading "Stipulated Loss Value Date."

Stipulated Loss. Value Determination Date. Each date set forth on Schedule III of the Lease under the heading "Stipulated Loss Value Factors." Supplemental Rent. All amounts, liabilities and obligations which the Lessee assumes or agrees to perform or pay under the Lease or under the Participation Agreement or Tax Indemnity Agreement or any Ancillary Agreement or any other Operative Agreement to FSB, the Lessor, the Owner Participant, the Indenture Trustee or others, including, without limitation, payments of Stipulated Loss Value, EBO Price and amounts calculated by reference to Termination Value, and all amounts required to be paid by Lessee under the agreements, covenants and indemnities contained in the Lease or in the Participation Agreement or the Tax Indemnity Agreement or any other Operative Agreement, but excluding Basic Rent.

Examples of Stipulated Loss in a sentence

• Subject to the immediately preceding sentence, it is understood and agreed that the amounts set forth on Schedule III of the Lease, for dates other than Rent Payment Dates on which arrears Basic Rent is due, fully reflect appropriate Basic Rent accruals and credits of unearned Basic Rent and, accordingly, no further accrual or credit shall be required whenever Stipulated Loss Value is to be calculated with reference to any such date.

• If, upon termination or expiration of the Schedule for any reason, Lessee fails or refuses to return to Lessor a Hardware unit or Software program specified in that Schedule or to pay Lessor the Stipulated Loss Value for a Hardware unit, Lessee shall remain liable for Rent Payments for that unit or program up to the date on which the unit or program is returned to the address specified by Lessor (or on which Lessee has paid Lessor the Stipulated Loss Value).

• Proceeds upon sale of the Hardware shall be the sale price paid to Lessor less the Stipulated Loss Value in effect as of the date of default.

• If the Hardware is not in Return Condition, Lessee shall, at its option, either restore the Hardware (at Lessee’s cost) to Return Condition or pay for the Hardware at its Stipulated Loss Value if the Hardware is not reasonably repairable.

• Lessee shall immediately pay to Lessor without further demand as liquidated damages for loss of a bargain and not as a penalty, the Stipulated Loss Value of the Equipment (calculated as of the rent payment date prior to the declaration of default), and all rents and other sums then due under this Agreement and all Schedules.

• Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit.

• The casualty/property damage coverage shall be in an amount equal to the higher of the Stipulated Loss Value or the full replacement cost of the Equipment.

• Further and for the avoidance of doubt, and anything to the contrary contained herein (including this Section 5.02), in no event may the Owner Trustee amend or otherwise modify the provisions of Section 3.2.1(e) of the Lease or of the final sentence of the definition of Stipulated Loss Value or Termination Value, in any such case, without the prior written consent of the Mortgagee.

• An amount equal to the higher of the Stipulated Loss Value or the full replacement cost of the Equipment.

• Proceeds upon sale of the Equipment shall be the sale price paid to Lessor less the Stipulated Loss Value in effect as of the date of default.

More Definitions of Stipulated Loss

Stipulated Loss. Value (Building 4/Land)"..................................................22 "Subsidiary"...............................................................................22 "Supplemental Payment".....................................................................23 "Term".....................................................................................23 "Third Party Price"........................................................................23 "Third Party Sale Notice"..................................................................23 "Third Party Sale Proposal"................................................................23 "Third Party Target Price".................................................................23 "Transaction Expenses".....................................................................23 "Unfunded Benefit Liabilities".............................................................23 "Unsecured Spread".........................................................................23 "Voluntary Retention of the Property"......................................................24 (iii) 57

Stipulated Loss on any date, with respect to the Equipment, means the amount determined hereunder as if that date was the date of termination by reason of repudiation of this Agreement in respect of that Equipment.

Stipulated Loss. Value: (1) as of any Stipulated Loss Value Date during the Basic Term, the amount determined as set forth in Exhibit C to the Lease for that Payment Date, and (2) during any Renewal Term, the amount for the date involved, determined in accordance with ss. 3(h) of the Lease.