Restoration Period definition

Restoration Period. The period of restoration established in the Restoration Schedule and as defined in Section 15.6(a).

Restoration Period shall have the meaning set forth in Section 14.1 hereof.

Restoration Period means the period of time that:

Examples of Restoration Period in a sentence

• Notwithstanding the foregoing, either Landlord or Tenant may terminate this Lease upon written notice to the other if the Premises are damaged during the last year of the Term and Landlord reasonably estimates that it will take more than 2 months to repair such damage; provided, however, that such notice is delivered within 10 business days after the date that Landlord provides Tenant with written notice of the estimated Restoration Period.

• Each Responsible Entity, following a Reportable Balancing Contingency Event, shall restore its Contingency Reserve to at least its Most Severe Single Contingency, before the end of the Contingency Reserve Restoration Period, but any Balancing Contingency Event that occurs before the end of a Contingency Reserve Restoration Period resets the beginning of the Contingency Event Recovery Period.

• Each Responsible Entity will have documentation demonstrating its Contingency Reserve was restored within the Contingency Reserve Restoration Period, such as historical data, computer logs or operator logs.

• If such damage cannot, in Landlord’s opinion, be repaired within the Restoration Period, then Landlord may nonetheless elect, upon notice to Tenant within sixty (60) days after the Casualty Date, to repair such damage to the Non Premises Portions and/or the Structural Premises Portions, as applicable, and shall thereafter diligently pursue the completion thereof.

• If the Restoration Period is estimated to exceed 12 months (the “Maximum Restoration Period”), Landlord may, in such notice, elect to terminate this Lease as of the date that is 75 days after the date of discovery of such damage or destruction.

More Definitions of Restoration Period

Restoration Period means a two hundred (200) day period beginning on the date that the Building has been damaged or destroyed by a casualty occurrence.

Restoration Period means the time it should reasonably take to resume "your" normal business activities at the described premises. Time Limitations And Restrictions --

Restoration Period means the time it should reasonably take to resume "your" "business" starting from the date of loss to the described premises caused by a covered peril, and ending on the date the property should be rebuilt, repaired, or replaced. This is not limited by the expiration date of the policy.

Restoration Period means a period of time commencing 72 hours after the cessation of Business Activities because of Workplace Violence and ending on the earliest of the following dates:

Restoration Period with respect to any Casualty Event, one hundred eighty (180) days following receipt by a Borrower of Insurance Proceeds paid in connection therewith, and with respect to any Disposition or condemnation proceeding, one hundred eighty (180) days following receipt by a Borrower of, respectively, Net Cash Proceeds or condemnation proceeds.

Restoration Period. With respect to any Casualty Event resulting in the proceeds of insurance, condemnation award or other compensation, one hundred eighty (I 80) days following receipt by the Borrower, or any other Company, of such proceeds or such longer period as the Borrower shall reasonably request, if the Borrower or such Company has commenced such restoration or replacement within forty-five (45) days after receipt of such proceeds and thereafter diligently pursues such restoration or replacement to completion. Restricted Payment. Any distribution or payment of cash or property, or both, directly or indirectly (a) in respect of any Subordinated Debt or (b) to any Subsidiary or to any partner, member, stockholder, optionholder, warrantholder or other equityholder of any of the Companies, any of the Parent Companies or of any of their respective Affiliates for any reason whatsoever, including without limitation, salaries, loans, debt repayment, consulting fees, management fees, expense reimbursements and dividends, distributions, put, call or redemption payments and any other payments in respect of equity interests; provided, however, that Restricted Payments shall not include

Restoration Period. With respect to any Casualty Event resulting in Insurance Proceeds one hundred eighty (180) days following receipt by the Borrower, or any other Company, of such Insurance Proceeds.