Casualties definition
Examples of Casualties in a sentence
The Borrower Representative shall comply with its notice obligations in respect of Casualties relating to Inventory pursuant to Section 5.02(f).
If Lessee has given notice that it intends to replace the Item or Items of Equipment suffering such Casualty or series of Casualties, and such replacement is permitted under the foregoing clause (b), Lessee may make subject to this Lease, not later than 90 days after such Casualty or the latest in time of such series of Casualties with respect to such Item or Items of Equipment, a replacement for such Item or Items of Equipment meeting the suitability standards hereinafter set forth.
Notwithstanding anything to the contrary contained herein, upon receipt of DIRECTV System Components, and until such DIRECTV System Components are provided to a DIRECTV Customer and accepted by such DIRECTV Customer, Contractor shall remain liable for any and all losses, thefts, damages or otherwise (collectively, “Casualties”) in connection with such DIRECTV System Components and shall maintain adequate insurance to protect such DIRECTV System Components from and against any and all Casualties.
Casualties, Condemnations and Insurance Costs: Costs occasioned by fire, acts of God, or other casualties or by the exercise of the power of eminent domain or Costs for insurance coverage not customarily paid by tenants of similar projects in the vicinity of the Premises and/or co-insurance payments.
In the event of any damage or destruction to the Leased Property by reason of fire or other hazard or casualty (a "Casualty") or a taking by power of eminent domain or conveyance in lieu thereof of all or any portion of the Leased Property (a "Condemnation"), Lessee shall give immediate written notice thereof to Lessor and comply with the provisions of the Facility Lease governing Casualties and Condemnations.
Except as otherwise provided in this Section 6.1, Lessee shall not be released from its obligations hereunder in the event of, and shall bear the risk of, any Casualty or Casualties to any Unit prior to or during the term of this Lease and thereafter until all of Lessee's obligations hereunder are fully performed.
Upon the occurrence of a Casualty or a series of Casualties with respect to an Item or Items of Equipment with a Purchase Price aggregating in excess of $5,000,000 during the Lease Term, Lessee shall give Lessor and Agent prompt notice thereof (a “Casualty Notice”).
If Lessee has given notice that it intends to replace the Unit or Units suffering such Casualty or series of Casualties, Lessee may make subject to this Lease, not more than 60 days after the date of such Casualty Notice, a replacement for such Unit or Units meeting the suitability standards hereinafter set forth.
Except as disclosed on Exhibit X under the heading "Casualties," since June 30, 1996, no Material Adverse Effect has occurred with respect to the business nor any Property of any Borrower as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of Property, or cancellation of contracts, permits, or concessions by any Governmental Authority, riot, activities of armed forces, or acts of God.
If, prior to Closing, any part of the Subject Assets is damaged or destroyed by a Casualty and the amount of aggregate damage caused by one or more Casualties exceeds the Casualty Threshold, Seller shall promptly notify Buyer of such Casualty.