Substantial damage definition

Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

Substantial damage means damage of any origin sustained by a structure during any one-year period whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred. See definition of “substantial improvement”. Substantial damage also means flood-related damage sustained by a structure on two separate occasions during a 10-year period for which the cost of repairs at the time of each such flood event, on the average, equals or exceeds 25 percent of the market value of the structure before the damage occurred.

Substantial damage means harm to Improvements that renders the Premises inoperable for its intended use for more than 180 days.

Examples of Substantial damage in a sentence

• If any Substantial Damage occurs during the Term, Landlord and Tenant shall each have the right to terminate this Lease by written notice to the other within sixty (60) days after such Substantial Damage occurs.

• If such restoration has not been completed within one hundred eighty (180) days after such Substantial Damage occurs, Tenant shall have the right to terminate this Lease by written notice to Landlord.

• If any Partial Damage or Substantial Damage occurs during the Term, a just proportion of the Rent, according to the nature and extent of the Partial Damage or Substantial Damage, shall xxxxx from the date of such Partial Damage or Substantial Damage until the Leased Premises and Tenant’s means of access to the Leased Premises are restored to its condition immediately before such Partial Damage or Substantial Damage.

• If neither party so terminates this Lease, Landlord shall proceed with reasonable diligence, and at its expense, to restore the Leased Premises and Tenant’s means of access to the Leased Premises substantially to its condition immediately before such Substantial Damage.

More Definitions of Substantial damage

Substantial damage means damage or destruction of a building on or at the Station or of any of the Equipment which is so extensive that repair or reinstatement of that building or that Equipment to its original form would not be economically viable;

Substantial damage means damage of any origin sustained by a structure during any one year period whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred. See definition of “substantial improvement”.

Substantial damage. Means damage or failure which adversely affects the structural strength, performance or flight characteristics of the Aircraft, and which would normally require major repair or replacement of the affected component. Engine failure or damage limited to an engine if only one engine fails or is damaged, bent fairing or cowling, dented skin, small puncture holes in the skin or fabric, ground damage to rotor or propeller blades, and damage to landing gear, wheels, tires, flaps, engine accessories, brakes, or wing tips are not considered "Substantial Damage."

Substantial damage means damage of any origin sustained by a structure whereby the cost of

Substantial damage means damage of any origin sustained by a structure

Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged

Substantial damage means damage of any origin sustained by a structure during any one-year period whereby the cost of restoring the structure to it’s before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred. See definition of “substantial improvement”. [CRS communities are eligible for up to 20 CRS points for adopting OPTIONAL Text for Substantial Damage that could include one or more of the following higher standards: