Casualty shall have the meaning set forth in Section 6.2 hereof.
Casualty means the occurrence of any casualty, damage or injury, by fire or otherwise, to the Property or any part thereof.
Casualty means any casualty, loss, damage, destruction or other similar loss with respect to real or personal property or improvements.
Examples of Casualty in a sentence
Lender is authorized, at its sole and absolute option, to commence, appear in and prosecute, in its own or Xxxxxxxx's name, any action or proceeding relating to any Condemnation or Casualty, and to make proof of loss for and to settle or compromise any Claim in connection therewith.
Borrower shall give prompt Notice to Lender of any Casualty or any Condemnation or Condemnation threatened in writing impacting more than five percent (5%) of the value of the Property, as determined by Xxxxxx.
More Definitions of Casualty
Casualty means any loss of or damage to any property included within or related to the Properties or arising from an adjoining property caused by an Act of God, fire, flood or other catastrophe.
Casualty means, with respect to a Financed Vehicle, the total loss or destruction of such Financed Vehicle.
Casualty shall have the meaning specified in Section 6.2 hereof.
Casualty means, with respect to any Transaction Unit, that the Servicer has actual knowledge that the Closed-End Vehicle included in such Transaction Unit (a) shall have suffered damage or destruction resulting in an insurance settlement on the basis of an actual, constructive or compromised total loss, (b) shall have suffered destruction or damage beyond repair, (c) shall have suffered damage that makes repairs uneconomic or (d) shall have suffered destruction, damage, theft, loss or disappearance that, in accordance with Customary Servicing Practices, results in a termination of the related Transaction Lease.
Casualty means any damage to or destruction of or which affects the Leased Premises or Adjoining Property or which arises from the Adjoining Property.
Casualty means any fire, storm, earthquake, tornado, flood or natural disaster or other sudden, unexpected or unusual cause of damage or destruction.
Casualty has the meaning set forth in Section 12.13.1 hereof.