Total Loss Proceeds definition

Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.
Total Loss Proceeds means all compensation, damages and other payments (including insurance proceeds other than certain liability insurance proceeds) received by the Agent, on behalf of the Lenders, from any Person, including any governmental authority, with respect to or in connection with a Total Loss.
Total Loss Proceeds means, in relation to an ACS Group Aircraft, the total net proceeds of the insurance and reinsurance paid in respect of a Total Loss thereof and includes, in the case of a Total Loss of an airframe which does not involve the Total Loss of all Engines or Parts installed thereon at the time when such Total Loss occurred, the net sale proceeds of any such surviving Engines or Parts.

Examples of Total Loss Proceeds in a sentence

  • In the event that the Vessel becomes a Total Loss, on the earlier to occur of (a) the date of receipt of the Total Loss Proceeds and (b) the date falling one hundred and eighty (180) days after the occurrence of the Total Loss, the Total Commitments shall be reduced to zero.

  • Meetings shall take place on the second Thursday of the month at 6:30 pm in the Council Chambers.

  • Element 4: Operational procedures and process control This section covers the operational procedures and processes that formalise activities essential for ensuring that recycled water of an acceptable quality is consistently provided.

  • Moneys, other than Total Loss Proceeds, received by the Lessor in respect of claims for repairable damage to the Ship shall be applied in the manner described in clause 13.4.2(b).

  • If the Ship becomes a Total Loss after the Delivery Date, on the Total Loss Payment Date the Lessee will pay to the Lessor the amounts pursuant to and determined in accordance with clause 18.4. Any Total Loss Proceeds or any Requisition Compensation actually and unconditionally received by the Lessor following a Total Loss or Compulsory Acquisition will be applied in accordance with clause 14.3.


More Definitions of Total Loss Proceeds

Total Loss Proceeds means all Insurance Proceeds payable in respect of a Total Loss.
Total Loss Proceeds means, in relation to an Aircraft, the total net proceeds of the insurance and reinsurance paid in respect of a Total Loss thereof and includes, in the case of a Total Loss of an airframe which does not involve the Total Loss of all Engines or Parts installed thereon at the time when such Total Loss occurred, the net sale proceeds of any such surviving Engines or Parts.
Total Loss Proceeds means the proceeds of any insurance or any other compensation or similar payment arising in respect of a Total Loss.
Total Loss Proceeds means the proceeds of the hull Insurances in respect of an Aircraft or any compensation for a Compulsory Acquisition of an Aircraft, in each case, with respect to a Total Loss;
Total Loss Proceeds means, in relation to an ACS Group Aircraft, the total net proceeds of the insurance and reinsurance paid in respect of a Total Loss thereof and includes, in
Total Loss Proceeds means, in relation to any Vessel, the proceeds of the Insurances in relation to that Vessel or other compensation (including, without limitation, Requisition Compensation in relation to that Vessel) received in respect of a Total Loss in relation to that Vessel;
Total Loss Proceeds in relation to the Haewene Brim Equipment means any compensation or insurance proceeds received by the Lessor in respect of a Total Loss of the Haewene Brim Equipment which the Lessor is, as against the payer thereof, unconditionally entitled to retain;