Damage or Loss definition

Damage or Loss means an uncertain future event that may, if it comes to pass, generate the right to insurance compensation;
Damage or Loss. Our responsibility ends at the time Xxxxxxxxx delivers merchandise in original condition to the carrier.
Damage or Loss means any damage to or loss of the vehicle including all accessories and any direct or indirect costs, fees or expenses incurred as a result of damage, loss or theft and includes but not limited to: i) The cost of repairs to or replacement of the hired vehicle or the market value of vehicle at the time of loss whichever is the lesser whether caused by the Hirer’s negligence or not, by theft or howsoever caused: ii) Other associated cost including towing, storage, recovery costs (including solicitor’s fees on a solicitor and client basis) assessing fees, administration fee, claim handling expense fee; iii) Rental lost by the owner calculated at the rate referred to overleaf less 10% thereof, for the period during which the owner, at it’s reasonable discretion, cannot hire the vehicle due to any loss or damage.

Examples of Damage or Loss in a sentence

  • Reinstatement Value represents the replacement value of the asset as New at time of Damage or Loss.

  • Refer to Damage or Loss of Equipment (section 7) for more details.

  • It means the Replacement Value of insured property or item as New at the time of Damage or Loss less due allowance for betterment, wear and tear and/or depreciation.

  • A form or card meeting FCIC-form standards for a Notice of Prevented Planting or Notice of Damage or Loss (Exhibit 15) is used by the insured to file written notice to the AIP.

  • Failure to do so will invalidate all Policy cover.The insured items are being stored by You at a location approved and with the permission of the Police.What is not covered• Loss or Damage occurring outside of the United Kingdom if You have been, or intend to be, away from the United Kingdom for more than 60 consecutive days.• Any Damage or Loss or theft of Sporting Guns whilst in transit which has not been reported to the Carrier and a written report obtained.

  • Damage or Loss in Transit and Inspection: Seller shall obtain and maintain appropriate insurance coverage with limits sufficient to cover the liabilities outlined in these terms of sale.

  • The Plan should address whether storage of the resident’s personal property is necessary and the arrangements for such storage. Damage or Loss.

  • A form or card meeting FCIC-form standards for a Notice of Prevented Planting or Notice of Damage or Loss (Exhibit 15) may be used by the insured to file written notice to the AIP or to confirm the notice in writing within 15 days.

  • Notification of Prevented Planting (PP) or Notice of Damage or Loss The insured is responsible for providing to the AIP, a notice of PP or notice of damage or loss for planted crop acreage within the prescribed time stated in the policy/endorsement/CP.

  • Damage or Loss of the MiFi. Parents(s)/guardian(s) are responsible for their child’s use of the Chromebook & MiFi, including any damage to the MiFi. In the event that a student’s MiFi is lost or damaged, the District may assess the parent(s)/guardian(s) a charge to cover the replacement or repair.


More Definitions of Damage or Loss

Damage or Loss means direct and accidental loss to a Rented Automobile.
Damage or Loss means any actual and direct damages (“daño emergente directo”) that a Party may suffer as a direct consequence of any falsehood or inaccuracy in the Representations and Warranties. For the avoidance of doubt, any indirect or consequential damages (“dxxxx indirectos”), loss of profits, loss of bargain, loss of opportunity or loss of income (“lucro cesante”) and moral or reputational damages (“dxxxx xxxxxxx”) shall be excluded from the definition of Damage or Loss.
Damage or Loss means physical loss, physical destruction, physical damage to the Insured Property.
Damage or Loss has the meaning defined in the "Deposit" clause of this Agreement.
Damage or Loss has the meaning defined in the "Deposit" clause of this Agreement. "Deposit" means any deposit amount payable under this Agreement. "End Date" has the meaning defined in the "Duration of Rental" clause of this Agreement."End Time" has the meaning defined in the "Duration of Rental" clause of this Agreement."Equipment" has the meaning defined in the "Rental of Equipment" clause of this Agreement."Event of Default" means one or more of the events described in the "Event of Default" clause of this Agreement."GST" means Goods and Services Tax imposed on a supply of goods or services in Australia, pursuant to the GST Law."GST Amount" means an amount equal to the GST payable on the Rental, calculated by multiplying the Rental Price by the prevailing GST rate as provided by GST Law."GST Law" means the same as in the A New Tax System (Goods and Services Tax) Xxx 0000 (Commonwealth). "Insurance" has the meaning defined in the "Insurance" clause of this Agreement."Insured Value" has the meaning defined in the "Risk of Loss" clause of this Agreement."Judgment or Order" has the meaning defined in the "Event of Default" clause of this Agreement."New Address" has the meaning defined in the "Notices" clause of this Agreement."New Renter" has the meaning defined in the "Event of Default" clause of this Agreement."Nominating Party" has the meaning defined in the "Notices" clause of this Agreement. "Party" means either the Provider or the Renter."Parties" means the Provider and the Renter collectively."Provider" means . "Purpose" means the purpose for which the Equipment may be used, which is: "Remaining Rental Period" has the meaning defined in the "Event of Default" clause of this Agreement."Rental" means the transaction between Provider and Renter in accordance with this Agreement."Rental Price" means the amount (in Australian dollars) that the Renter must pay to the Provider for the Rental of the Equipment under this Agreement, as set out in the "Price" clause of this Agreement."Rental Period" means the period of time which commences on the earlier of the Start Time or the date and time when the Renter actually takes possession of the Equipment, and ends on the later of the End Time or the date and time when possession of the Equipment is actually returned to the Provider."Renter" means ."Renter Liability" has the meaning defined in the "Event of Default" clause of this Agreement. "Return" means the date and time when possession of the Equipment is actually returned to ...

Related to Damage or Loss

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income, reduced by any income from substitute work the injured victim was capable of performing but unreasonably failed to undertake.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.

  • Damage means actual and/or physical damage to tangible property;

  • Residual Loss means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

  • Operating Loss means a negative Operating Profit.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of twenty nine million dollars ($ 29,000,000.00).

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Asset & Wealth Management segment (or any successor or equivalent segment or sub-segment as determined by the Firm), or annual negative revenues in the Asset & Wealth Management segment (or any successor or equivalent segment or sub-segment as determined by the Firm) of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Direct Damage has the meaning given in clause 24.2; "Dispute" has the meaning given in clause 23.1;

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Premises Partial Damage means damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility Installations, the repair cost of which damage or destruction is less than fifty percent (50%) of the then Replacement Cost (as defined in Paragraph 9.1(d)) of the Premises (excluding Lessee-Owned Alterations and Utility Installations and Trade Fixtures) immediately prior to such damage or destruction.

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building.

  • Catastrophic illness or injury means one of the following: