Major Loss definition

Major Loss has the meaning set forth in Section 5.11(b).

Major Loss has the meaning set forth in Section 5.10(b).

Major Loss means an aviation-related accident or incident that results in the combined policy insurance providers establishing a reserve in an amount greater than the aggregate combined base premium amount for the year in which such accident or incident occurs, net of contribution from or subrogation against any third parties.

Examples of Major Loss in a sentence

• Catastrophe cover If Your Building suffers Damage from an event covered by this Section and We classify the Damage as a Major Loss and the event giving rise to the Damage has led to the declaration by the relevant authority of a state of emergency affecting the area in which Building is situated, We will: a.

• Major Loss means the cost of Reinstatement of Your Building in accordance with the Basis of Settlement provisions of this Section exceeds 70% of the Replacement of Your Building immediately prior to the event.

• Major Loss means when the cost of reinstating the Buildings in accordance with the Basis of Settlement provisions of this Section exceeds 80% of the Reinstatement or Replacement cost of the Buildings immediately prior to the Event.

• Major: Loss, disturbance or modification of suitable habitat would be substantial, occur regionally, and either be short- term or long-term; injury or mortality of species would result in long-lasting population-level impacts.

• Xxxxxx Title: Chairman Certain Underwriters’ at Lloyds London By: Xxxx Xxxx Title: Senior Claims Adjuster at Brit Global Specialty Lexington Insurance Company By: Xxxxx Xxxxx, Solicitor Title: Major Loss Adjuster, Financial Lines, American International Group UK Limited Arch Specialty Insurance Company By: Xxxxxxx X.

More Definitions of Major Loss

Major Loss means substantial damage or destruction by fire or other casualty of the EG Facility or any portion thereof, or the taking, requisitioning or sale of the use, occupancy or title to the EG Facility or any substantial portion thereof in, by or on account of any actual or threatened eminent domain proceeding or other action by any person or entity having the power of eminent domain.

Major Loss shall have the meaning set forth in Section 8.3.

Major Loss is defined in Section 5.19(b).

Major Loss means: (i) loss or damage to the Property or any portion thereof such that the cost of repairing or restoring the applicable Property to a condition substantially identical to that of the Property in question prior to the event of damage would be, in the opinion of a contractor selected by Seller and reasonably approved by Buyer, equal to or greater than 10% of the allocated Purchase Price for such Property, and (ii) any loss due to a condemnation which permanently and materially impairs the current use of the Property.

Major Loss means any actual or constructive total loss of the Project, a condemnation or taking of a material portion of the Project or the Site, or any other Loss that, in the reasonable judgment of the Required Holders and the Independent Engineer, makes restoration or continued operation of the Project uneconomical or unfeasible.

Major Loss means any damage, destruction or other casualty losses with respect to the assets of the Acquired Companies arising between the date of this Agreement and the Closing that individually or in the aggregate has an estimated repair cost (including the cost of any remediation necessary to restore the affected assets to their condition prior to such casualty) as reasonably determined by Sellers in excess of $98,250,000.00.

Major Loss shall have the meaning specified in Section 6.14(b).