Restoration Period definition

Restoration Period. The period of restoration established in the Restoration Schedule and as defined in Section 15.6(a).

Restoration Period shall have the meaning set forth in Section 14.1 hereof.

Restoration Period means the period of time that:

Examples of Restoration Period in a sentence

• Each Responsible Entity, following a Reportable Balancing Contingency Event, shall restore its Contingency Reserve to at least its Most Severe Single Contingency, before the end of the Contingency Reserve Restoration Period, but any Balancing Contingency Event that occurs before the end of a Contingency Reserve Restoration Period resets the beginning of the Contingency Event Recovery Period.

• Each Responsible Entity will have documentation demonstrating its Contingency Reserve was restored within the Contingency Reserve Restoration Period, such as historical data, computer logs or operator logs.

• If such damage cannot, in Landlord’s opinion, be repaired within the Restoration Period, then Landlord may nonetheless elect, upon notice to Tenant within sixty (60) days after the Casualty Date, to repair such damage to the Non Premises Portions and/or the Structural Premises Portions, as applicable, and shall thereafter diligently pursue the completion thereof.

• Notwithstanding the foregoing, either Landlord or Tenant may terminate this Lease upon written notice to the other if the Premises are damaged during the last year of the Term and Landlord reasonably estimates that it will take more than 2 months to repair such damage; provided, however, that such notice is delivered within 10 business days after the date that Landlord provides Tenant with written notice of the estimated Restoration Period.

• If Landlord elects to repair the damage and (i) the damage substantially interferes with Tenant’s ability, in its reasonable judgment, to conduct its business therefrom, or (ii) if the repairs and restoration cannot be completed within the Restoration Period as determined by Landlord, then Tenant may, at its option, within thirty (30) days of the receipt of the Landlord’s Notice, terminate this Lease effective as of the date of the casualty and the Rent shall be prorated as of that date.

More Definitions of Restoration Period

Restoration Period means the time it should reasonably take to resume "your" normal business activities at the described premises. Time Limitations And Restrictions --

Restoration Period means a two hundred (200) day period beginning on the date that the Building has been damaged or destroyed by a casualty occurrence.

Restoration Period means the time it should reasonably take to resume "your" "business" starting from the date of loss to the described premises caused by a covered peril, and ending on the date the property should be rebuilt, repaired, or replaced. This is not limited by the expiration date of the policy.

Restoration Period means a period of time commencing 72 hours after the cessation of Business Activities because of Workplace Violence and ending on the earliest of the following dates:

Restoration Period has the meaning set forth in Section 17.3(b)(ii).

Restoration Period with respect to any Casualty Event, one hundred eighty (180) days following receipt by a Borrower of Insurance Proceeds paid in connection therewith, and with respect to any Disposition or condemnation proceeding, one hundred eighty (180) days following receipt by a Borrower of, respectively, Net Cash Proceeds or condemnation proceeds.

Restoration Period means the period beginning on the date that the proceeds of insurance or condemnation, as applicable, are paid to Borrower and ending on the date, determined by Agent or its construction consultant, which would allow Borrower a sufficient amount of time to complete such repair, reconstruction or replacement if pursued diligently and continuously. Funds in the Pledged Account shall be disbursed upon satisfaction of such reasonable conditions as Agent may impose, including, without limitation, submission of invoices or paid receipts, lien waivers and evidence that funds adequate for completion of such repairs, reconstruction or replacement are available. Notwithstanding the foregoing provisions regarding the permanent reduction of the Revolving Loan Commitments, upon request by Borrower, Majority Lenders may agree to permit Borrower to use a portion of the Net Cash Proceeds of an Approved Sale or an Approved Sale and Leaseback not related to the Tandem Mill Collateral to purchase replacement Properties to be used in the business of making, processing or distributing steel products (including, without limitation, tin products or other coated steel products). If Majority Lenders so agree, the Net Cash Proceeds of such Approved Sale or Approved Sale and Leaseback shall be placed in and shall remain in a Pledged Account and shall be released to Borrower as required in order to permit the purchase of such replacement Properties; provided, that if (i) an Event of Default occurs during the period that all or a portion of such proceeds are located in the Pledged Account or (ii) such proceeds are not used for such purposes within 270 days after the original Approved Sale or Approved Sale and Leaseback, Majority Lenders shall have the right to (a) suspend Borrower's right to access such proceeds in the Pledged Account and (b) apply such amounts to the outstanding principal balance of the Revolving Credit Loans and shall permanently reduce the Revolving Loan Commitments by the amount of such proceeds so applied.