Total Loss Date definition

Total Loss Date means, in relation to a Ship:
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Total Loss Date means, in relation to the Total Loss of a Ship:
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Total Loss Date means the date set forth in parenthesis after each Total Loss:
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Examples of Total Loss Date in a sentence

  • LESSEE will notify LESSOR in writing within two (2) Business Days after a Total Loss Date of the Aircraft, Airframe or any Engine.

  • In the event that any of the Rigs shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 (Total Loss or sale).

  • The Company shall commence such Offer to Purchase (if any) within thirty (30) days after the Total Loss Date with respect to any such Total Loss.

  • Such prepayment shall in the event of Total Loss in any event be made within one hundred and eighty (180) days from the Total Loss Date, in accordance with Clause 7.3 (Mandatory prepayment – sale or Total Loss etc.).

  • In the event that the Vessel shall suffer a Total Loss, the Borrower shall, within a period of 90 days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, or – if sooner – promptly upon receipt of insurance proceeds in respect of the Total Loss, apply such proceeds as prepayment of the Loans.


More Definitions of Total Loss Date

Total Loss Date means, in relation to a Vessel, the date upon which a Total Loss of that Vessel shall be deemed to have occurred, being:
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Total Loss Date means, in relation to each Ship:
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Total Loss Date means with respect to the Aircraft (including for the purposes of this definition, the Airframe) or an Engine:
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Total Loss Date means, in relation to the Total Loss of a Vessel: (a) in the case of an actual loss of a Vessel, the date on which it occurred or, if that is unknown, the date when that Vessel was last heard of; (b) in the case of a constructive, compromised, agreed or arranged total loss of a Vessel, the earlier of: (i) the date on which a notice of abandonment is given to the insurers; and (ii) the date of any compromise, arrangement or agreement made by or on behalf of the Borrower and/or the Subsidiary Guarantor who owns such Vessel with the Vessel’s insurers in which the insurers agree to treat that Vessel as a total loss; and (c) in the case of any other type of Total Loss, the date (or the most likely date) on which it appears to the Administrative Agent that the event constituting the total loss occurred.
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Total Loss Date means the date upon which the Ship is deemed to have become a Total Loss pursuant to clause 22.2.2;
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Total Loss Date means:- (a) in the case of an actual loss of the Vessel, the date on which it occurred or, if that is unknown, the date when the Vessel was last heard of; (b) in the case of a constructive, compromised, agreed or arranged total loss of the Vessel, the earliest of: (i) the date on which a notice of abandonment is given to the insurers; and (ii) the date of any compromise, arrangement or agreement made by or on behalf of the Charterers and/or the Owners with the Vessel's insurers in which the insurers agree to treat the Vessel as a total loss; and (c) in the case of any other type of total loss, on the date (or the most likely date) on which it appears to the Owners (in its absolute discretion based on the information available to it) that the event constituting the total loss occurred;
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Total Loss Date means: (a) in the case of an actual loss of the Vessel, the date on which it occurred or, if that is unknown, the date when the Vessel was last heard of; (b) in the case of a constructive, compromised, agreed or arranged total loss of the Vessel, the earliest of: (i) the date on which a notice of abandonment is given to the insurers; and (ii) the date of any compromise, arrangement or agreement made by or on behalf of the Owners with the Vessel’s insurers in which the insurers agree to treat the Vessel as a total loss; and (c) in the case of any other type of total loss, on the date (or the most likely date) on which it appears to the Owners that the event constituting the total loss occurred; and
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