Restoration definition

Restoration means the repair and restoration of an Individual Property after a Casualty or Condemnation as nearly as possible to the condition the Individual Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.
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Restoration shall have the meaning set forth in Section 5.2.1.
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Restoration means the repairs, replacements, improvements, or rebuilding of or to the Property following a Casualty or Condemnation.
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Examples of Restoration in a sentence

  • In addition, Lender may participate in any settlement discussions with any insurance companies (and shall approve the final settlement, which approval shall not be unreasonably withheld or delayed) with respect to any Casualty in which the Net Proceeds or the costs of completing the Restoration are equal to or greater than the Restoration Threshold and Borrower shall deliver to Lender all instruments required by Lender to permit such participation.

  • Borrower shall pay all costs of such Restoration whether or not such costs are covered by insurance.

  • If any portion of the Property is taken by a condemning authority, Borrower shall promptly commence and diligently prosecute the Restoration of the Property pursuant to Section 6.3 hereof and otherwise comply with the provisions of Section 6.3 hereof.


More Definitions of Restoration

Restoration is defined in Section 6.10(j)(i).
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Restoration means the repair and restoration of the Property after a Casualty or Condemnation as nearly as possible to the condition the Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.
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Restoration shall have the meaning set forth in Section 6.2 hereof.
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Restoration shall have the meaning set forth in the Mortgage Loan Agreement.
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Restoration has the meaning set forth in Section 7(a).
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Restoration means, following the occurrence of a Casualty or a Condemnation which is of a type necessitating the repair of the Property, the completion of the repair and restoration of the Property as nearly as possible to the condition the Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.
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Restoration has the meaning specified in Section 6.2(b).
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