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

Repairs required because of fraud, collision, abuse, negligence, neglect, misuse, road hazards, off-road racing or use, vandalism, riot, theft, fire, war, acts of God, or the loss that is normally covered by Casualty and/or Collision insurance.
In each case, the Company shall retain all rights to insurance and other claims against third Persons with respect to the Casualty Loss, except to the extent the Parties otherwise agree in writing.
Borrower shall pay, or cause to be paid, to Lender all Proceeds or Awards due to any Casualty or Condemnation to be transferred to a Subaccount (the “Casualty/Condemnation Subaccount”) in accordance with the provisions of Section 7.
The aggregate Casualty Losses shall be less than 20% of the unadjusted Purchase Price.
Coverage afforded under this Agreement is not guaranteed by the Property and Casualty Guarantee Association.

More Definitions of Casualty

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 any act or occurrence of any kind or nature that results in damage, loss or destruction to any Property.

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 has the meaning set forth in Section 2.7.

Casualty is defined in Section 12.1.