Total Loss Incident definition

Total Loss Incident means any incident or occurrence that results in the total loss or destruction of the Asset or any occurrence that makes the Asset permanently unfit for any economic use and the repair work in respect thereof is uneconomical.
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Total Loss Incident means any incident or occurrence that results in the total loss or destruction of, or damage to the whole of the Property or any incident or occurrence that makes the Property permanently unfit for any economic use and the repair or remedial work in respect thereof is uneconomical; Trade Transaction means the Purchase Transaction and the Sale Transaction collectively; Transaction Documents means collectively the following documents: (a) documents evidencing the Tawarruq Transactions including but not limited to the Purchase Request; (b) the Security Documents; and such other documents designated as such by the Bank; and Transaction Fees means, where applicable, the set-up fee and monthly service charge payable by the Customer(s) to the Bank under Clause 4.2 in the amount and in the manner as provided in the Letter Of Offer.
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Total Loss Incident means any incident or occurrence that (i) results in (a) the total loss or destruction of, or (b) damage to, the whole of the Property; or (ii) makes the Property permanently unfit for any economic use, and it would be uneconomical to repair or reinstate the Property; Trade Transaction means collectively, the Purchase Transaction and the Sale Transaction; Transaction Documents means collectively, the following documents:
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Examples of Total Loss Incident in a sentence

  • Upon the occurrence of an Event of Default, and Illegality Event and a Total Loss Incident, the Ijara shall be terminated in accordance with the Musharaka Agreement and the terms in relation thereto in the Musharaka Agreement shall apply.

  • Project activities focus on: (1) developing, implementing and evaluating local models for MDR-TB prevention and control that can be scaled up, (2) increasing detection of MDR-TB1 cases and treatment success in areas where model MDR-TB is implemented, and (3) building local systems and capacity to sustain these models beyond CAP-TB.


More Definitions of Total Loss Incident

Total Loss Incident means any incident or occurrence that results in the total loss or destruction of, or damage to the whole of the Property or any incident or occurrence that makes the Property permanently unfit for any economic use and the repair or remedial work in respect thereof is uneconomical; this Agreement means this Agreement entered into and executed between the Bank and the Customer relating to the Bank and the Customer’s respective contribution to the Musharakah which is established under the Shariah principle of Musharakah, for the purpose of purchasing the Property and includes any amendments, variations and/ or supplementals made or entered into fr om time to time; and Vendor means the party(ies) in relation to the Sale and Purchase Agreement whose name, description and present address as set out in Item 7 of Schedule 1 herein.
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Related to Total Loss Incident

  • Total Loss means, in relation to a Ship:

  • serious incident means any incident that directly or indirectly led, might have led or might lead to any of the following:

  • Data Incident means a breach of Google’s security leading to the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or access to, Customer Data on systems managed by or otherwise controlled by Google.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Cyber incident means actions taken through the use of computer networks that result in a compromise or an actual or potentially adverse effect on an information system and/or the information residing therein.

  • Nuclear incident means any occur- rence including an extraordinary nuclear oc- currence or series of occurrences at the loca- tion or in the course of transportation caus- ing bodily injury, sickness, disease, or death, or loss of or damage to property, or loss of use of property, arising out of or resulting from the radioactive, toxic, explosive, or other hazardous properties of the radioactive material.(b) Any occurrence including an extraor- dinary nuclear occurrence or series of occur- rences causing bodily injury, sickness, dis- ease or death, or loss of or damage to prop- erty, or loss of use of property, arising out of or resulting from the radioactive, toxic, ex- plosive or other hazardous properties of

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Insured Loss means damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved.

  • Critical incident means an occurrence or set of events inconsistent with the routine operation of a facility, service setting, or otherwise routine care of a consumer. Critical incidents specifically include but are not necessarily limited to the following: adverse drug events; self-destructive behavior; deaths and injuries to consumers, staff and visitors; medication errors; residential consumers that are absent without leave (AWOL); neglect or abuse of a consumer; fire; unauthorized disclosure of information; damage to or theft of property belonging to consumers or the facility; other unexpected occurrences; or events potentially subject to litigation. A critical incident may involve multiple individuals or results.

  • Privacy Incident means violation of the Minnesota Government Data Practices Act (Minnesota Statutes chapter 13); violation of federal data disclosure or privacy requirements in federal laws, rules and regulations; and/or breach of a contractual obligation to protect State data. This includes, but is not limited to, improper or unauthorized access to, viewing of, obtaining of, acquisition of, use of, disclosure of, damage to, loss of, modification of, alteration to or destruction of State data protected by such State or federal laws or by contract.

  • 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.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Partial Loss means any Physical Damage loss which is not a Total Loss.

  • Catastrophic illness or “injury” means an illness or injury that is expected to incapacitate the employee for an extended period of time, or that incapacitates a member of the employee’s family which incapacity requires the employee to take time off from work for an extended period of time to care for that family member, and taking extended time off work creates a financial hardship for the employee because he or she has exhausted all of his or her sick leave and other paid time off.

  • Pollution Incident means an occurrence or series of occurrences having the same origin, which results or may result in a discharge of oil and/or hazardous and noxious substances and which poses or may pose a threat to the marine environment, or to the coastline or related interests of one or more States, and which requires emergency action or other immediate response;

  • Terrorist Incident means an act of violence by any person acting on behalf of or in connection with any organization which is generally recognized as having the intent to overthrow or influence the control of any government, that is deemed terrorism by the United States Government other than civil disorder or riot, that is not an act of war, declared or undeclared, that results in Loss of life or major damage to property.