Major Damage definition

Major Damage means damage that in the estimation of the surveyor exceeds USD
Major Damage means damage by fire or other casualty to the Building or the Premises which causes the Premises or any substantial portion of the Building to be unusable, or which will cost more than 25 percent of the pre-damage value of the Building to repair, or which is not covered by insurance. In case of Major Damage, Landlord may elect to terminate this lease by notice in writing to the Tenant within 30 days after such date. If this lease is not terminated following Major Damage, or if damage occurs which is not Major Damage, Landlord shall promptly restore the Premises to the condition existing just prior to the damage. Tenant shall promptly restore all damage to tenant improvements or alterations installed by Tenant or pay the cost of such restoration to Landlord if Landlord elects to do the restoration of such improvements. Rent shall be reduced from the date of damage until the date restoration work being performed by Landlord is substantially complete, with the reduction to be in proportion to the area of the Premises not useable by Tenant.
Major Damage means damage to a major component part of the motor vehicle requiring 10 or more hours to repair or replace, as determined by a collision estimating guide recognized by the Motor Vehicle Enforcement Division.

Examples of Major Damage in a sentence

  • Major damage is defined as follows: Bark removed down to the cambium layer over an area of the bole which has one dimension greater than the diameter of the tree, or any visible bark removal on the tree roots.

  • Trees must be cut in order to facilitate Operations, or for safety around Landings, as approved in writing by STATE.(b) Double the Purchase Price shall be paid when: (1) "Major damage" to Reserved Timber is caused by Operations of PURCHASER.


More Definitions of Major Damage

Major Damage means damage to the Seller’s Plant caused by Force Majeure where the cost to repair the damage exceeds the net present value (using the Present Value Rate) of the expected revenues under this EPA for the remainder of the Term less the net present value (using
Major Damage means any damage or destruction that, based on reasonable estimates made by the Department within 60 days after the occurrence of the damage or destruction, in order to be repaired to the condition existing before the damage or destruction:
Major Damage means (i) any loss or damage to the Property that constitutes Property Damage under clause (i) or (ii) of the definition thereof such that the cost of repairing or restoring the affected portion of the Property to substantially the same condition which existed prior to such Property Damage would be, as reasonably agreed by Seller and Purchaser, equal to or greater than $250,000 or (ii) any loss due to a condemnation that permanently results in a material adverse effect on the current use of or access to the Property.
Major Damage means damage by fire or other casualty to the Building or the Premises which causes the Premises or a substantial portion of the Building to be unusable, which will cost more than twenty-five percent (25%) of the pre-damage value of the Building to repair, or which is not covered by insurance. In case of Major Damage, Landlord may elect to terminate this Lease by notice in writing to Tenant within thirty (30) days after such date. If this Lease is not terminated following Major Damage, or if damage occurs which is not Major Damage, Landlord shall promptly restore the Premises to the condition existing just prior to the damage. Rent shall be reduced from the date of damage until the date restoration work being performed by Landlord is substantially complete, with the reduction to be in proportion to the area of the Premises not useable by Tenant.
Major Damage means destruction, ruin, collapse, or displacement of dwellings, commercial or industrial buildings, public highways or bridges, or important public utilities. Dwellings, buildings, public highways or bridges, or important public utilities will sustain major damage when:
Major Damage shall have the meaning set forth in Section 11.1.