REPAIRABLE DAMAGE definition

REPAIRABLE DAMAGE with respect to any Borrowing Base Collateral (other than Rotables) means any damage to such Borrowing Base Collateral the repair of which is reasonably estimated by the Company to cost 50% or less of the Fair Market Value of such Borrowing Base Collateral.
View Source
REPAIRABLE DAMAGE means damage to the aircraft that does not result in an Event of Loss.
View Source
REPAIRABLE DAMAGE means the extent of damage should be limited so that the structure can be restored to its pre-incident condition without replacement of structural members. Inelastic response may occur resulting in: concrete cracking, minor cover spalling and reinforcement yielding; minor yielding of structural steel members; some damage to secondary members and nonstructural components; some damage to masonry. Repair should not require complete closure of the bridge. Permanent offsets should be small and there should be no collapse.
View Source

Related to REPAIRABLE DAMAGE

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Damage means actual and/or physical damage to tangible property;

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Property damage means physical injury to, destruction of or loss of use of tangible property.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;