Casualty Loss has the meaning set forth in Section 6.3(b).
Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.
Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.
Examples of Casualty Loss in a sentence
If Lessee and County agree not to restore and reconstruct the Facilities, then either party may elect to terminate this Lease as to the portion of the Premises affected by the Casualty Loss (as reasonably determined by County) upon thirty (30) days’ written notice to Xxxxxx.
More Definitions of Casualty Loss
Casualty Loss means the irreparable loss or destruction of Equipment.
Casualty Loss shall have the meaning given to such term in Section 7.10.
Casualty Loss means any loss, damage or reduction in value resulting from mechanical failure or defects, catastrophic occurrences, acts of God and any other losses which are not the result of (i) normal wear and tear, (ii) natural reservoir changes or (iii) changes in commodity pricing, operating expenses or the financial condition of a Party.
Casualty Loss is defined in Section 6.5(a).
Casualty Loss means the irreparable loss or destruction of Equipment. ------------- Casualty Value - means the greater of the aggregate Rent remaining to be paid -------------- for the balance of the lease term or the Fair Market Value of the Equipment immediately prior to the Casualty Loss. However, if a Casualty Value Table is attached to the relevant Schedule its terms will control. Commencement Date - is defined in each Schedule. -----------------
Casualty Loss means (i) the loss, damage, or destruction of any asset owned or used by US Company or any of its Subsidiaries, (ii) the condemnation, confiscation, or other taking, in whole or in part, of any such asset, or (iii) the diminishment of such asset so as to render use for its intended purpose impracticable or unreasonable.
Casualty Loss has the meaning set forth in Section 12.1.