Significant Property Damage definition

Significant Property Damage means any incident resulting in significant damage to the Leased Property including, but not limited to the following: fires, floods, avalanches, earthquakes, catastrophic structure failure, roof collapse, or any Force Majeure Event caused by either man or nature.
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Significant Property Damage shall have the meaning given such term in Section 20.3.2.
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Significant Property Damage shall have the meaning set forth in Section 2.7(b).
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Examples of Significant Property Damage in a sentence

  • In the event of a Severe Incident (defined in Section 20.3.1 below) or Significant Property Damage (defined in Section 20.3.2 below) (in each case, an “Incident”), Tenant shall notify Landlord within twenty-four (24) hours of learning of the occurrence of any such Incident via email at ▇▇▇▇▇▇@▇▇▇.▇▇▇.

  • The defined term "Significant Property Damage" shall mean any incident resulting in significant damage to the Facility including, but not limited to the following: fires, floods, hail, severe wind, hurricanes and/or tornados, earthquakes, catastrophic structure failure, roof collapse, or any Force Majeure Event caused by either man or nature.

  • In the event of a Severe Incident (defined in subsection (a) below) or a Significant Property Damage (defined in subsection (b) below) (in each case, an “Incident”), Tenant shall notify Landlord within forty-eight (48) hours of Tenant’s knowledge of the occurrence of any such Incident via email at ▇▇▇▇▇▇@▇▇▇.▇▇▇.

  • In the event of a Severe Incident (defined in Section 2.7(a) below) or Significant Property Damage (defined in Section 2.7(b) below) (in each case, an "Incident"), Management Company shall notify Tenant within twenty-four (24) hours of learning of the occurrence of any such Incident via email at n▇▇▇▇▇@▇▇▇.▇▇▇.

  • Significant Property Damage refers to damage that, at the time of the incident, is reasonably believed by the Company to exceed: Minnesota - $300.00.


More Definitions of Significant Property Damage

Significant Property Damage means damage to real or personal property where the lesser of the cost of repair or replacement is more than $1 million. Damage costs include the cost of labor and material to restore the property to the service condition which existed prior to the casualty, but does not include the cost of salvage, cleaning, gas freeing, dry docking or demurrage.
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Related to Significant Property Damage

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

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • 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:

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;