Examples of Property Loss Event in a sentence
Neither the Borrower nor any of its Subsidiaries has received any notice of, nor has any knowledge of, the occurrence or pendency of any Property Loss Event affecting all or any portion of its property.
Following a Major Loss Event which is not a Mortgaged Property Loss Event, the Certificates will be partially redeemed pari passu and rateably on the Major Loss Event Date using amounts transferred to the Transaction Account from the Insurance Proceeds Account in accordance with the provisions relating to the sharing and application of such amounts as set out in Schedule 2 to the Allocation Deed.
The Borrowers shall deliver to the Administrative Agent within 21 days of such partial Property Loss Event an updated appraisal with respect to such Eligible Real Property.
A student is reimbursed for the mileage to the bus stop or school, whichever is closer, to the student's home.
Upon receipt by the Borrower or any of its Subsidiaries of Net Cash Proceeds arising (i) from an Asset Sale, Property Loss Event or Debt Issuance, the Borrower shall immediately prepay the Revolving Loans in an amount equal to 100% of such Net Cash Proceeds and (ii) from an Equity Issuance, the Borrower shall immediately prepay the Revolving Loans in an amount equal to 50% of such Net Cash Proceeds.