Partial Loss definition

Partial Loss means any Physical Damage loss which is not a Total Loss.
Partial Loss means, with respect to any ACS Group Aircraft, any event or occurrence of loss, damage, destruction or the like which is not a Total Loss.
Partial Loss means any loss of or damage to the Ship (including Buyer’s Supplies and other Parts) which does not constitute a total loss and “partial loss proceeds” means any insurance proceeds paid and/or payable in respect of any partial loss;

Examples of Partial Loss in a sentence

  • If the Property or any part of the Property is damaged or destroyed, the Lessee shall promptly (and in any event within fifteen (15) days of such damage or destruction), give notice to the Lessor of such Partial Loss or Total Loss.

  • If the Partial Loss is caused other than by misuse or negligence by the Lessee, the Lessor will be responsible for carrying out all required Maintenance and the Rental Payments will be reduced in proportion to the extent of the Partial Loss agreed between the Lessor and Lessee.

  • If the Partial Loss is caused by the Lessee, the Lessee shall immediately reinstate the Property to its original condition and continue to pay the Rental Payments in accordance with Clause 4.


More Definitions of Partial Loss

Partial Loss means, with respect to any Aircraft, any event or occurrence of loss, damage, destruction or the like which is not a Total Loss.
Partial Loss means, with respect to the Satellite on or after Intentional Ignition, that Transponder Failures have occurred, but the Satellite is not a Total Loss.
Partial Loss means, for NSS-703, NSS-5 and NSS-806 Satellites separately, the Satellite suffers or will suffer Transponder Failures resulting in the loss of less than one hundred percent (100%) of its maximum Transponder Unit-Years as stated in Definition 2 (Transponder Unit -Year) of this Policy.
Partial Loss means loss or damage to the Aircraft which is not a Total Loss. Permitted Liens means (i) any Lien created by or resulting from debts or liabilities or actions of Purchaser, and (ii) if a Lease is specified in Part I, point 4 of the Purchase Agreement, (a) any Lien permitted under the Lease other than any Lien created by, through or under Seller (b) and any Lien in respect of which the Lessee is obliged to indemnify the lessor in accordance with the terms of Lease.
Partial Loss means an accident or event which causes loss or damage to the Property, but which is not a Total Loss in that, in the opinion of the Bank, the Property can still be occupied.
Partial Loss means loss or damage to the Engine that is not a Total Loss.
Partial Loss shall have the meaning ascribed to it in the Contract.