Total Loss definition
Total Loss means, in relation to a Ship:
Total Loss means, in relation to each Vessel:
Total Loss means any actual or constructive or arranged or agreed or compromised total loss or Compulsory Acquisition of the Vessel;
Examples of Total Loss in a sentence
Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any material asset or assets of an Obligor (other than an arrest or detention of a Ship referred to in paragraph (d) of Clause 8.6 (Mandatory prepayment on sale or Total Loss)) with an aggregate value in excess of US$25,000,000 remains undischarged or unstayed for a period of 30 consecutive days.
Where that receipt does not occur on or prior to the Scheduled Final Date, the Term shall be automatically extended until such receipt (with ▇▇▇▇▇▇ remaining responsible for all financial and other obligations hereunder susceptible of performance notwithstanding the Total Loss, but not for other obligations).
More Definitions of Total Loss
Total Loss means Your Vehicle is the subject of accidental or malicious damage, fire or theft to the extent that Your Vehicle is beyond economical repair and has been recorded and registered as salvage categories A, B, C or D and a claim is paid as full and final settlement under the Motor Insurance, or third party motor insurance company.
Total Loss means, in relation to each Vessel, the actual or constructive or compromised or arranged total loss of that Vessel, requisition for title or other compulsory acquisition of that Vessel (otherwise than by requisition for hire) or capture, seizure, arrest, detention or confiscation of that Vessel by any Governmental Agency or by persons acting or purporting to act on behalf of any Governmental Agency unless that Vessel be released and restored to the relevant Borrower from such capture, seizure, arrest, detention or confiscation within one month after the occurrence thereof.
Total Loss means any loss or damage that is not repairable or that would cost more to repair than the market value of the Equipment.
Total Loss means the actual or constructive total loss (as a result of theft or material damage to the motor vehicle) resulting in a payment under your motor insurance policy.
Total Loss means any of the following in relation to the Aircraft, Airframe or any Engine and "TOTAL LOSS DATE" means the date set forth in parenthesis after each Total Loss:
Total Loss means an actual or constructive or arranged total loss as a result of the Vehicles being lost, destroyed, stolen, confiscated, damaged beyond economic repair or otherwise rendered unfit for or unable to be used and the date of such Total Loss shall be the date of the loss, destruction, theft, confiscation or damage beyond economic repair.
Total Loss has the meaning set out in Clause 10.4.