Total Damage definition

Total Damage shall be defined as damage to the equipment, the repair of which would necessitate a cost greater than the fair market value. It is also understood and agreed that Renter shall be responsible for the full rental rate for a period of thirty (30) days from the day of reporting the theft, loss, or total damage, or until Stages Plus, LLC is compensated for the loss of the goods, whichever date shall first occur. Renter shall furnish to Stages Plus, LLC a police report demonstrating that the loss, theft, or total damage of the goods have been reported to the appropriate police agency.
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Total Damage means damage or destruction to more than fifty percent (50%) of the square footage of all of the Real Property combined.
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Examples of Total Damage in a sentence

  • If Premises Partial or Total Damage that is an Insured or Uninsured Loss occurs, then Landlord shall, at Landlord’s expense, repair such damage (but not Tenant’s Trade Fixtures or Tenant-Owned Alterations and Utility Installations) as soon as reasonably possible, but only to the extent of the available insurance proceeds, if any (provided Landlord has maintained the insurance coverage required hereunder), and this Lease shall continue in full force and effect.

  • If Premises Partial or Total Damage that is an Insured or Uninsured Loss occurs, then Landlord shall, at Landlord’s expense, repair such damage (but not Tenant’s Trade Fixtures or Tenant-Owned Alterations and Utility Installations or Tenant Improvements) as soon as reasonably possible, but only to the extent of the available insurance proceeds, if any, plus deductibles, and this Lease shall continue in full force and effect.

  • Notwithstanding anything to the contrary contained in Paragraph 9.6 or elsewhere in the Lease, if Lessee's use of the Premises or any portion thereof is impaired as a result of any Premises Partial Damage or Premises Total Damage, or any failure of Lessor to provide services or access to the Premises, then Lessee's rent shall be abated or reduced, as the case may be, during the period (the "Abatement Period") and to the extent that Lessee's reasonable use of the Premises continues to be impaired.

  • You agree to pay the total Rent of £xxx per month in advance in the following instalments: The first payment of £xxxx is to be paid in cleared funds on the signature of this document Subsequent payments of £xxxx are to be paid in cleared funds on the first working day of each month commencing 2.9.19 up to and including July 2021 You agree that: A Total Damage Deposit of £XXXXX is to be paid in cleared funds on or before 1.6.20 by a cheque made payable to ▇▇▇▇ ▇▇▇▇▇▇▇.

  • If Premises Partial or Total Damage that is not an Insured Loss occurs, Landlord may at Landlord’s option, either (i) repair such damage as soon as reasonably possible at Landlord’s expense, in which event this Lease shall continue in full force and effect, or (ii) give written notice to Tenant within thirty (30) days after receipt by Landlord of knowledge of the occurrence of such damage of Landlord’s desire to terminate this Lease as of the date sixty (60) days following the date of such notice.

  • If Premises Partial or Total Damage that is an Insured or Uninsured Loss occurs, then Landlord shall, at Landlord’s expense, repair such damage (but not Tenant’s Trade Fixtures or Tenant-Owned Alterations and Utility Installations) as soon as reasonably possible, but only to the extent of the available insurance proceeds, if any (provided Landlord has maintained the insurance coverage required hereunder),and this Lease shall continue in full force and effect.

  • The term “Participating Settlement Class Members’ Total Damage Amount” shall have the same meaning as set forth in Section 4.6.

  • If Partial or Total Damage -------------------------------- occurs and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of this Section 29, the Rent, Common Area Expenses and other charges ---------- payable by Tenant hereunder for the period during which such damage, repair or restoration continues shall be paid as due.

  • Total Damage- In the case of total damage the Lessee must replace the material identified as the cause of the damage.

  • In the event of Partial or Total Damage or Destruction as provided above Tenant shall not be entitled to obtain a share in any fire or extended coverage insurance proceeds on property owned by Landlord in any manner, but all such proceeds shall be payable to Landlord or Landlord's mortgagee as they shall agree between them, provided Landlord shall not be relieved of its obligation to repair the premises as set forth in this Article.

Related to Total Damage

  • Direct Damage has the meaning given in clause 24.2; "Dispute" has the meaning given in clause 23.1;

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • Material Damage and “Materially Damaged” means damage which, in Seller’s reasonable estimation, exceeds $500,000.00 to repair or which, in Seller’s reasonable estimation, will take longer than ninety (90) days to repair.

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof: