Minor Casualty means any fire or other casualty which results in damage to the Facility and/or its contents, to the extent that the total cost (in Landlord's reasonable judgment) of repairing and/or replacing of the damaged portion of the Facility to the same condition as existed previously does not exceed the dollar amount of Two Million Dollars ($2,000,000), said dollar amount to be adjusted by the GDP Deflator.

Minor Casualty means any casualty, whether covered by insurance or not, which is not a Major Casualty.

Minor Casualty means any fire or other casualty that results in physical damage to the a Facility to the extent that the total cost (as estimated by the Project Engineer) of repairing and/or replacing the damaged portion of the Facility , as the case may be, to the same condition as previously existed would not exceed the amount of INR 25,00,000 (Rupees twenty five lakhs).

Examples of Minor Casualty in a sentence

In the event of any Minor Casualty at any time during the Term, and regardless of whether such Minor Casualty is insured or uninsured, Tenant shall be obligated to repair, rebuild or restore the damaged improvements.
There shall be no abatement or reduction of Rent on account of any Minor Casualty and all obligations of Tenant under this Agreement shall remain unchanged and in full force and effect.
If at any time during the O&M period, a Facility is damaged by a Minor Casualty, the Concessionaire shall, with reasonable diligence, proceed to process the claim with insurance providers and repair, replace, and restore the damaged portion of the Facility to the same condition that it was in before the occurrence of such Minor Casualty.

More Definitions of Minor Casualty

Minor Casualty means any fire or other casualty which results in damage to a Hotel and/or its contents, to the extent that the total cost (in Tenant’s reasonable judgment) of repairing and/or replacing the damaged portion of the Hotel to the same condition as existed previously does not exceed the dollar amount of One Million Canadian Dollars (C$1,000,000), said dollar amount to be adjusted by the GDP Deflator.

Minor Casualty means any casualty or accident other than a Major Casualty.

Minor Casualty means any fire or other casualty which results in damage to the Hotel and/or its contents, to the extent that the total cost (in Marriott's reasonable judgment pursuant to the Submanagement Agreement) of repairing and/or replacing of the damaged portion of the Hotel to the same condition as existed previously does not exceed the dollar 60 66 amount of Two Hundred Fifty Thousand Dollars ($250,000), said dollar amount to be adjusted by the GDP Deflator.

Minor Casualty means an incident or occurrence whereby a Mortgaged Ship sustains damage or is the subject of a claim of the Casualty Amount or less;

Minor Casualty means any injury or damage to the Improvements on the Hotel/Casino Property and/or the Adjacent Property, including any partially constructed portion of the Project, (i) the cost of which to Restore, together with any prior such damages which (A) have not yet been Restored or (B) with respect to which Net Proceeds in an amount sufficient for Restoration have not yet been received by Borrowers or Lender as required pursuant to this Agreement, is less than $5,000,000.00, and (ii) is not materially interfering with, and is not, in Lender’s reasonable judgment, reasonably likely to materially interfere with, the progress of construction of the Project.

Minor Casualty means any fire or other casualty that results in damage to the Hotel and/or its contents, the repair cost for which is less than fifteen percent (15%) of the replacement cost of the Hotel, as reasonably determined by Manager and substantiated estimates prepared by independent third party general contractors or consultants reasonably selected by Manager and reasonably approved by Owner.

Minor Casualty means any fire or other casualty that results in damage to the Hotel and/or its contents, to the extent that the total cost of repairing and/or replacing of the damaged portion of the Hotel to the same condition as existed previously does not exceed an amount equal to ten percent (10%) of the total insured value of the Hotel.