Loss Adjustments Sample Clauses
A Loss Adjustments clause defines the process and criteria for modifying the amount of a claim or payment following a loss event. Typically, this clause outlines how losses are calculated, what deductions or adjustments may be applied (such as depreciation, salvage value, or policy limits), and the procedures for resolving disputes over the final amount. Its core practical function is to ensure that both parties have a clear, agreed-upon method for determining the actual compensation owed, thereby reducing ambiguity and potential conflicts after a loss occurs.
Loss Adjustments. Landlord and Tenant shall have the right to participate in all negotiations relating to loss adjustments for the Demised Premises.
Loss Adjustments. The Closing Date shall be extended as necessary to permit Purchaser and Seller to exercise their rights within the time periods set forth in this Article 8. In connection with any claim with respect to insurance or condemnation proceeds pursuant to this Article 8, Seller shall not settle or approve settlement of any claim without Purchaser's prior written consent, which consent shall not be unreasonably withheld or delayed, and Purchaser and Seller shall fully cooperate with each other in prosecuting diligently the recovery of any such claim(s).
Loss Adjustments. If at any time on or after a Back to Back Impairment Date in respect of a Back to Back Impaired Asset, N.V. determines (acting reasonably) that:
(a) losses in excess of the Back to Back Loss previously determined in respect of that Back to Back Impaired Asset are or are likely to be incurred by N.V. (such loss, an “Increased Loss Amount”); or
(b) its losses in respect of such asset are less than its Back to Back Loss as previously determined in respect of that Back to Back Impaired Asset, such determination taking into account, without limitation, (i) any recoveries it receives or is likely to receive in respect of such asset and/or (ii) the value received from the restructuring of such asset (such lesser amount, a “Gain Amount”), such adjustments shall be made to the payment obligations of RBS and/or N.V. under Clause 9.4 (Payment of Losses) as are necessary to reflect such modification, provided that the aggregate amount of all Back to Back Losses in respect of any Back to Back Triggered Asset shall be no greater than its Back to Back Covered Amount.
Loss Adjustments. The Closing Date shall be extended as necessary to permit Purchaser and Seller to exercise their rights within the time periods set forth in this Article 10. In connection with any claim with respect to insurance or condemnation proceeds pursuant to this Article 10, Seller shall not settle or approve settlement of any claim after expiration of the Inspection Period without Purchaser's prior written consent which consent shall not be unreasonably withheld and Purchaser and Seller shall fully cooperate with each other in prosecuting diligently the recovery of any such claim(s). To the extent necessary, Purchaser shall give Seller reasonable access after the Closing to the Mall and any records pertaining to the damaged or condemned Mall. The provisions of this Section 10.3 shall survive the Closing.
Loss Adjustments. All policies shall expressly provide that any loss hereunder, including physical damage to the Premises, shall be adjusted with Lessor.
Loss Adjustments. For the purposes of calculating Avoided Energy Charges and Avoided Demand Charges as outlined above, the energy and demand components of Avoided TUOS will be adjusted by a cost reflective distribution loss factor determined by Essential Energy in accordance with the Rules. The distribution loss factor reflects the actual electrical losses for electricity transmitted on a distribution system between a distribution system connection point and transmission network connection point. The application of this loss factor will have the effect of adjusting energy and demand components of Avoided TUOS Charges at the distribution system connection point to the equivalent of those components as if they were metered at the transmission network connection point for the Generator.
Loss Adjustments. GENERAL AGENT shall arrange for adjustments facilities by maintaining in the offices of GENERAL AGENT personnel to process loss claims or such other arrangements as may be necessary. PRODUCER shall not have authority to bind GENERAL AGENT in any way having to do with any claim.