Nonseverable definition

Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed.

Nonseverable shall describe an Alteration or part of an Alteration which cannot be removed from the existing Improvements or the Land without causing material damage to the Property; provided that Lessee’s Equipment and Personalty shall not be construed as Nonseverable.

Nonseverable means a Modification or part of a Modification the removal of which from the Leased Property would materially impair the Fair Market Value, utility, useful life or residual value thereof as set forth in the Appraisal.

Examples of Nonseverable in a sentence

• Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed.

• Provisions of Plan and Order are Nonseverable and Mutually Dependent.

• Non-severable services contracts must be funded entirely with appropriations available for new obligations at the time the contract is awarded, and the period of performance may extend across fiscal years.

• Provisions of Plan and Order Nonseverable and Mutually Dependent.

• Nonseverable industrial facilities as used herein are defined as industrial fa- cilities located on other than Govern- ment-owned land, and which, after erection or installation, cannot be re- moved without substantial loss of value or damage thereto, or to the premises where installed.(2) Policy.

More Definitions of Nonseverable

Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed. Precious metals means silver, gold, platinum, palladium, iridium, osmium, rhodium, and ruthenium.

Nonseverable shall describe (i) with respect to any Alteration, an Alteration which is a "nonseverable improvement" within the meaning of Revenue Procedure 79-48 and (ii) with respect to any part not constituting an Alteration or part of an Alteration, a part which cannot be readily removed from the equipment without causing material damage to the Facility.

Nonseverable shall describe a Modification or part of a Modification which cannot be readily removed from the Leased Property without causing material damage to or materially impairing the value of the Leased Property.

Nonseverable means a Modification or part of a Modification which cannot be readily removed from the Leased Property without causing material damage to or materially impairing the Fair Market Value, utility, useful life or residual value thereof as set forth in the Appraisal delivered on or prior to the Initial Advance Date, as reduced for any Liquidated Damages paid by the General Contractor or under the General Construction Agreement as compensation for diminution in Fair Market Value of the Modification.

Nonseverable means, with respect to any Alteration, any Alteration that is not a Severable Alteration.

Nonseverable means a Modification or part of a Modification which cannot be readily removed from the Leased Property without causing material damage to or materially impairing the Fair Market Value, utility, useful life or residual value thereof as set forth in the Appraisal delivered on or prior to the Document Closing Date.

Nonseverable shall describe an Alteration or part of an Alteration which cannot be removed from the existing Improvements or the Land without causing material damage to the property and shall include, without limitation, all fixtures, equipment, improvements, ventilation and air conditioning equipment and appurtenances attached to or built into the Property at the commencement of or during the Term of this Lease, whether or not by or at the expense of Lessee (but excluding Lessee's Equipment and Personalty and Severable Alterations); provided that Lessee's Equipment and Personalty shall not be construed as Nonseverable.