Diminution definition

Diminution means the petroleum released into the environment prior to its intended beneficial use.
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Diminution means, in reference to ground or surface water supplies receiving ground water, any impairment of water quantity which makes the water unsuitable for a specific use.
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Diminution shall have the same meaning as in the Employment Agreement.
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Examples of Diminution in a sentence

  • The parties agree that the resulting average of the two highest Diminution Valuations shall constitute the ADV.

  • Diminution, other than temporary, in the value of investments under this category is provided for each investment individually.

  • Diminution in ValueDiminution in value means the difference between the market value of an item or items immediately before a covered loss and the market value of the item or items after restoration.

  • Diminution, if any, is determined individually for each long-term investment.

  • Diminution in value of such long term investments is not provided for except where determined to be of permanent nature.

  • As further adequate protection against Diminution, the Debtor shall comply with those terms and provisions of the Bond Documents set forth on Schedule B attached and incorporated herein.

  • Diminution in value, if any, which is of a temporary nature, is not provided.

  • As additional adequate protection for any Diminution, the Bond Trustee shall have a superpriority administrative-expense claim pursuant to Section 507(b) of the Bankruptcy Code with recourse to and payable from any and all assets of the Debtor’s estate, including, but not limited to, rights of the Debtor, choses in action, or claims of any kind whatsoever, choate or inchoate, present or residual that for any reason cannot be made the subject of the Replacement Lien (the “Superpriority Claim”).

  • Diminution is considered other than temporary based on criteria that include the extent to which cost exceeds the market value, the duration of the market value decline and the financial health of and specific prospects of the issuer.

  • If Landlord reasonably believes the Alterations have caused a FMV Diminution or objects to any proposed Alterations, Landlord must notify Master Tenant in writing within thirty (30) days after completion of such Alterations or notification of proposed Alterations.


More Definitions of Diminution

Diminution means any diminution in value of the Prepetition Secured Lenders' and Prepetition Agent's interests in the Prepetition Collateral resulting from (a) the use of the Cash Collateral and the use, sale, lease, other disposition and depreciation of the Prepetition Collateral (except the application of such Collateral to the repayment of Prepetition Debt other than Adequate Protection Obligations), (b) the priming of the Prepetition Liens on the Primed Prepetition Collateral by the Primary DIP Facility Liens and the Secondary DIP Facility Liens, (c) the priming of the Prepetition Liens on the Prepetition Collateral by the Carve-Out and (d) the imposition of the automatic stay pursuant to Section 362 of the Bankruptcy Code.
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Diminution a Structural Change which results in:
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Diminution means, in respect of a Reference Obligation in respect of which a Credit Event has occurred, any reduction, cancellation, voiding or discharge of some or all of the principal or interest payable at its maturity, repayment or due date (or dates) with the agreement or approval of the relevant Servicer and in accordance with the Procedures, other than in accordance with the applicable terms of such Reference Obligation in effect on the date on which the relevant Credit Event occurred.
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Diminution. (as defined in Section 8c); provided that Executive will be required to give the Company at least 30 days advance written notice.
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Related to Diminution

  • Diminution in Value in respect of the Project shall mean any reduction in the value, using the original fair market value (without regard to depreciation) as determined in Step 1 of Section 4.01 of this Fee Agreement, of the items which constitute a part of the Project and which are subject to FILOT payments which may be caused by the Company’s or any Sponsor Affiliate’s removal and/or disposal of equipment pursuant to Section 4.04 hereof, or by its election to remove components of the Project as a result of any damage or destruction or any Condemnation Event with respect thereto.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • Demotion means a change from an employee's position to one with a lower maximum salary;

  • Substantial Change means a change to the terms of this Agreement that reduces your rights or increases your responsibilities.

  • Serious means violations that either result in one or more neg- ative outcomes and significant actual harm to residents that does not constitute imminent danger, or there is a reasonable predictability of recurring actions, practices, situations, or incidents with potential for causing significant harm to a resident, or both.

  • Severe neglect means neglect that causes or threatens to cause serious harm to a

  • Substantial Performance means the stage of completion when:(a) all Work, as certified by the Contract Administrator, is capable of completion or correction at a cost of not more than:

  • Deputation means a person or group of persons who wish to appear personally before the council or a committee of the council in order to address the council or committee of the council;

  • Substantial Breach means the following:

  • materially shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and

  • Substantial Amount means, at the time of determination thereof, an amount in excess of 30.0% of total consolidated assets (exclusive of depreciation) at such time of the Borrower and its Subsidiaries determined on a consolidated basis.

  • Significant means in reference to a net emissions increase or the potential of a source to emit any of the following pollutants, a rate of emissions that would equal or exceed any of the following rates:

  • Impairment has the meaning assigned to such term in Section 1.03.

  • Eviction means any action by a landlord, owner of a residential property, or other person with a legal right to pursue eviction or a possessory action, to remove or cause the removal of a covered person from a residential property. State and local laws with respect to tenant-landlord relations vary, as do the eviction processes used to implement those laws. The judicial process will be carried out according to state and local laws and rules. Eviction does not include foreclosure on a home mortgage.

  • Substantial Block means a number of shares of the Voting Stock which has 15% or more of the aggregate voting power of all outstanding shares of Voting Stock.

  • Abatement means action by an employer to comply with a cited standard or regulation or to eliminate a recognized hazard identified by OSHA during an inspection.

  • Substantial means more than minor or trivial

  • Material Adverse Change (or Effect) means a change (or effect), in the condition (financial or otherwise), properties, assets, liabilities, rights, obligations, operations, business or prospects which change (or effect) individually or in the aggregate, is materially adverse to such condition, properties, assets, liabilities, rights, obligations, operations, business or prospects.

  • Element means any electrical device with terminals that may be connected to other electrical devices such as a generator, transformer, circuit breaker, bus section, or transmission line. An Element may be comprised of one or more components.**

  • Substantial cause means Employee’s (1) failure to substantially perform Employee’s duties; (2) material breach of this Agreement; (3) misconduct, including but not limited to, use or possession of illegal drugs during work and/or any other action that is damaging or detrimental in a significant manner to the Company; (4) conviction of, or plea of guilty or nolo contendere to, a felony; or (5) failure to cooperate with, or any attempt to obstruct or improperly influence, any investigation authorized by the Board of Directors or any governmental or regulatory agency.

  • Neglect means the commission or omission of any of the acts specified below, other than by accidental means:

  • Visibility impairment means any humanly perceptible change in visual range, contrast, or coloration from that which would have existed under natural visibility conditions.

  • Workforce means employees, volunteers, trainees or other persons whose performance of work is under the direct control of a party, whether or not they are paid by that party.

  • Substantial action means adopting, publicizing, and implementing a formal plan to cease scrutinized business operations within 1 year and to refrain from any new business operations.

  • Persistent means three or more defaults. After the State has notified Contractor of its third default, the State may terminate this Contract without providing Contractor with an opportunity to cure, if Contractor defaults for a fourth time. The four defaults are not required to be related to each other in anyway.

  • Substantial or essential component means any component necessary for the proper function or performance of a piece of equipment, system, or service.