Recovery Event definition

Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

Recovery Event means the receipt by the Credit Parties or any of their Subsidiaries of any cash insurance proceeds or condemnation or expropriation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective property or assets other than obsolete property or assets no longer used or useful in the business of the Credit Parties or any of their Subsidiaries.

Recovery Event means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of the Borrower or any Subsidiary.

Examples of Recovery Event in a sentence

• Data Recovery Costs incurred by the Organization due to a Data Recovery Event that first occurs on or after the Retroactive Date.

• The Service Provider shall ensure that its Sub-Contractors co-operate with Other Service Providers in a Business Continuity Event or Disaster Recovery Event.

• The Service Provider shall ensure that there is a named emergency management team which shall act as a point of contact for TfL and be available 24 hours a day, 7 days a week, 365 days a year including in the event of a Business Continuity Event or a Disaster Recovery Event.

• Event NameAPLEvent ContentsApplication Monitoring ErrorApplicaton Recovery Event DetailsIt records when an abnormality in the application monitor is detected."Application Monitoring Error": It records when the abnormalities in an application monitor occurs.

• RTO may be impacted by a Disaster Recovery Event or other environmental factors.

More Definitions of Recovery Event

Recovery Event means the receipt by the Borrower or any of its Subsidiaries of any cash insurance proceeds or condemnation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective property or assets.

Recovery Event means any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

Recovery Event any settlement of or payment in respect of any property insurance or casualty insurance claim or any condemnation proceeding relating to any Property of the Borrower or any of its Subsidiaries, excluding any such settlement or payment which, together with any related settlement or payment, yields gross proceeds to the Borrower or any of its Subsidiaries of less than $1,000,000.

Recovery Event means the receipt by the Borrower or any of its Subsidiaries of any cash insurance proceeds or condemnation awards payable (i) by reason of theft, loss, physical destruction, damage, taking or any other similar event with respect to any property or assets of the Borrower or any of its Subsidiaries and (ii) under any policy of insurance required to be maintained under Section 8.03.

Recovery Event means the receipt by Holdings or any of its Subsidiaries of any cash insurance proceeds or condemnation award payable (i) by reason of theft, loss, physical destruction or damage or any other similar event with respect to any property or assets of the Borrower or any of its Subsidiaries and (ii) under any policy of insurance required to be maintained under Section 8.03.

Recovery Event means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Restricted Subsidiary.

Recovery Event means (a) any damage to, destruction of, or other casualty or loss involving, any property or asset or (b) any seizure, condemnation, confiscation or taking under the power of eminent domain of, or any requisition of title or use of or relating to, or any similar event in respect of, any property or asset, in each case, of the Borrower or a Restricted Subsidiary.