Severable Improvement definition

Severable Improvement means any Improvement that is readily removable without causing material damage to the Facility.

Severable Improvement means property affixed to the Land at Date of Policy or to be affixed in the locations according to the Plans, that would constitute an Electricity Facility but for its characterization as personal property, and that by law does not constitute real property because (a) of its character and manner of attachment to the Land and (b) the property can be severed from the Land without causing material damage to the property or to the Land.

Severable Improvement means a capital improvement which is not a Nonseverable Improvement.

Examples of Severable Improvement in a sentence

• Damage to any Electricity Facility or Severable Improvement that is located on or encroaches onto that portion of the Land subject to an easement excepted in Schedule B, which damage results from the exercise of the right to maintain the easement for the purpose for which it was granted or reserved.

• ALTA 36.3-06 ENERGY PROJECT - LEASEHOLD - LOAN Subject to certain exceptions, exclusions and conditions outlined therein, this endorsement, when affixed to a loan policy, insures against certain identified loss arising from Eviction contrary to the terms of a Lease, or the lawful prevention of the use of the Land or any Electrical Facility or Severable Improvement for the purposes permitted by the Lease, in either case as a result of a matter covered by the policy.

• ALTA 36.5-06 ENERGY PROJECT - COVENANTS, CONDITIONS AND RESTRICTIONS - LAND UNDER DEVELOPMENT - LOAN Subject to certain exceptions, exclusions and conditions outlined therein, this endorsement, when affixed to a loan policy, insures against loss or damage sustained by the Insured by reason of certain violations of enforceable covenants, conditions and restrictions, by any Electricity Facility or Severable Improvement, unless an exception in Schedule B of the policy identifies the violation.

• ALTA 36.8-06 ENERGY PROJECT - FEE ESTATE - LOAN POLICY Subject to certain exceptions, exclusions and conditions outlined therein, when affixed to a Loan Policy, this Endorsement insures against certain identified loss arising from the lawful deprivation, in whole or in part, of the right of use of the Land or any Electricity Facility or Severable Improvement as a result of a matter covered by the Policy.

• ALTA 36.7-06 ENERGY PROJECT - FEE ESTATE - OWNER’S POLICY Subject to certain exceptions, exclusions and conditions outlined therein, when affixed to an Owner’s Policy, this Endorsement insures against certain identified loss arising from the lawful deprivation, in whole or in part, of the right of use of the Land or any Electricity Facility or Severable Improvement as a result of a matter covered by the Policy.

More Definitions of Severable Improvement

Severable Improvement means property affixed to the Land on or after Date of Policy that by law does not constitute real property because:

Severable Improvement means an improvement that can be exploited without infringing the licensed technology.

Severable Improvement means property affixed to the Land at Date of Policy or to be affixed in the locations according to the Plans, that would constitute an Electricity Facility but for its characterization as personal property, and that by law does not constitute real property because

Severable Improvement means an Improvement to the technology disclosed in the Licensed Patents that can be Exploited without infringing a Valid Claim of the Licensed Patents.

Severable Improvement means any Improvement other than a Nonseverable Improvement.

Severable Improvement means a capital improvement that is not a Nonseverable Improvement, and specifically includes but is not limited to, track extensions to customer facilities. (bb) "STB" means the Surface Transportation Board, or if there shall be no Surface Transportation Board, any federal agency which is charged with the function of approving combinations by rail carriers or persons controlling them, or of other arrangements between such rail carriers, and granting exemptions from other laws with respect thereto or regulating other specific functions with respect to the context in which such term is employed or any successor entity thereof. (cc) "Tax" or "Taxes" means taxes, levies or other similar assessments, customs, duties, imposts, charges or fees, including, without limitation, ad valorem, excise, real or personal property, sales, use, payroll, withholding, unemployment, transfer and gains taxes or other governmental taxes imposed by or payable to the United States, or any state, local or foreign government or subdivision thereof, and in each instance such term shall include any interest, penalties or additions to tax attributable to such Tax or Taxes. (dd) "Total Monongahela Train Usage Percentage" means for either NSR or CSXT, for a particular time period, the percentage obtained by multiplying 100 by the quotient obtained by dividing (1) the total number of loaded and empty Railcars in the account of NSR or CSXT, as the case may be, that are in Monongahela Trains by (2) the sum of the total number of loaded and

Severable Improvement means any Improvement which is not a Nonseverable Improvement, but excluding any Replacement Parts.