Casualty Restoration definition

Casualty Restoration shall have the meaning set forth in Section 7.1.

Casualty Restoration has the meaning given in Section 23.1.

Casualty Restoration. 7.2.1 “Clearing Account Agreement” - Senior Loan Agreement “Condemnation” - 7.3.1 “Condemnation Restoration” - 7.3.1 “Consent of Manager” - 5.12.1 “Consumer Price Index” - 7.1.1(j) “Delinquency Date” - 5.2 “Determination Date” - 1.1 (Definition of LIBOR) “Disclosure Document” - 9.1.3 “Endorsement” - 5.26.6 “Environmental Indemnity” - 1.1 (Definition of Loan Documents) “Environmental Laws” - 4.21 “Environmental Reports” - 4.21

Examples of Casualty Restoration in a sentence

• In such event (a) the Term shall end on the date set forth in such notice as if such date were the Fixed Expiration Date, and (b) Tenant shall have no obligation to perform such Casualty Restoration, but at Landlord’s option, Tenant shall demolish the improvements on the site and make the site safe and free from conditions hazardous to life and property, shall be paid to Tenant.

• If the cost of the Casualty Restoration is (A) in excess of the Threshold Amount, then such funds shall be deposited with Depositary for disbursement as provided in this Article 8 and shall be deemed “Restoration Funds”; and (B) less than or equal to Threshold Amount, then such funds shall be paid to Tenant in trust for application as provided in this Article 8.

• Tenant shall so restore the Premises whether or not (i) such damage or destruction was insured or was insurable, (ii) Tenant is entitled to receive any insurance proceeds, or (iii) the insurance proceeds are sufficient to pay in full any cost of the Construction Work required in connection with the Casualty Restoration.

• If a right of Termination does exist, the obligation to commence the Casualty Restoration shall be delayed until the earlier of the giving of the applicable notice of Termination (in which event the obligation shall not become operative) or the expiration of the applicable notice period (in which event the obligation to commence and complete the Casualty Restoration as provided in this Section 7.5 shall become operative immediately).

• Before commencing any Construction Work in connection with a Casualty Restoration, and as soon as reasonably practicable (and in any event, within ninety (90) days after the damage or destruction) Tenant shall furnish Landlord with an estimate, prepared by the Architect (after consultation by the Architect with Landlord, to the extent practicable), of the cost of such Construction Work.

More Definitions of Casualty Restoration

Casualty Restoration shall have the meaning assigned to such term in Section 7.2 of the Management Agreement. "Cede & Co." shall mean the nominee of the DTC.

Casualty Restoration has the meaning provided in Section 8.2(a) hereof. “Charter” means the New York City Charter.

Casualty Restoration has the meaning provided in Section 11.2(a). “Condemnation Restoration” has the meaning provided in Section 12.2(b).

Casualty Restoration has the meaning set forth in Section 20.7.2 (Obligation to Restore).

Casualty Restoration shall have the meaning as defined in Section 12.6.2. “Commencement Date” is defined in the Preamble.

Casualty Restoration as defined in Section 10.02(a). “CDL” as defined in the Preamble hereof.

Casualty Restoration means, upon a Casualty or Condemnation, the safeguarding, clearing, repair, restoration, alteration, replacement, rebuilding, and reconstruction of the damaged or remaining Project, substantially consistent with its condition before such Casualty or Condemnation, in compliance with this Agreement and, if applicable, the Ground Lease, subject to any changes in Requirements of Law that would limit the foregoing.