Constructive Total definition

Constructive Total. Loss shall have the meaning assigned to the term “Constructive Total Loss” in Inmarsat’s policy of Launch and In-Orbit Insurance in place at the time of Launch. Inmarsat shall provide a copy of such definition to Sea Launch promptly after the issuance of such policy of Launch and In-Orbit Insurance.
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Constructive Total. Loss shall mean the Spacecraft has lost more than seventy-five percent (75%) of its communications capability or more than seventy-five percent (75%) of its anticipated life, provided, however, that the meaning assigned to the term “Constructive Total Loss” in MSV’s policy of Launch and In-Orbit Insurance, if any, in place at the time of Launch shall take precedence over this definition. MSV shall promptly provide a copy of such definition to Sea Launch after the issuance of such policy of Launch and In-Orbit Insurance, if any.
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Constructive Total. Loss shall have the meaning assigned to the term "Constructive Total Loss" in XM's policy of Launch and In-Orbit Insurance in place at the time of Launch. XM shall provide a copy of such definition to Sea Launch promptly after the issuance of such policy of Launch and In-Orbit Insurance.
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Examples of Constructive Total in a sentence

  • LESSOR may sign any required release in lieu of the Insured in the event of a Total Loss, Constructive Total Loss or Arranged Total Loss.

  • After the occurrence of any Termination Event or Mandatory Prepayment Event while it is continuing or after termination of leasing of the Ship to the Lessee pursuant to clause 18.1 or, as the case may be, clause 18.2 the Lessor alone shall have the right to settle, compromise or abandon any claims under the Insurances and/or give notice of abandonment of the Ship to the Insurers and/or claim a Constructive Total Loss.

  • In the event the first Satellite is a Constructive Total Loss or Total Loss, the requirements of this paragraph (a) shall apply to the second Satellite.

  • In the event of a taking that ------------- -------------------- is less than a Constructive Total Taking, this Lease shall not terminate or be affected in any way, except as provided in Section 14.04.

  • In the event of a total loss or declaration by us of a Constructive Total Loss, this policy will automatically terminate immediately thereafter.

  • If a Spacecraft is a Total Loss or a Constructive Total Loss prior to Acceptance and has not been destroyed, Customer may accept such Spacecraft, or reject such Spacecraft and direct Contractor either to dispose of the Spacecraft or to transfer title to the Spacecraft to a third party designated by Customer.

  • In the event a taking less than a Constructive Total Taking, Landlord, to the extent Condemnation Proceeds are sufficient for the purpose, proceed with due diligence to restore and rebuild the remaining portion of the Building and the Premises to a complete architectural unit.

  • If Lessee elects the latter, Lessee shall give notice to CAI of its election to declare Constructive Total Loss within 7 calendar days of receipt of the details of the DRV and CAI will issue an invoice for the DRV of such Constructive Total Loss container.

  • If at any time during the Term ------------- ------------------ there shall be a total taking or a Constructive Total Taking of the Leased Premises and Improvements (or any part thereof) in condemnation proceedings or by any right of eminent domain or by a conveyance in lieu thereof, this Lease shall terminate on the date of such taking and the Rent payable by Tenant hereunder shall be prorated and paid to the date of such taking.

  • This Addendum will terminate on the earliest date that one of the following events occurs: 1) the date Your Financing Contract is scheduled to terminate; 2) upon payment in full of the Financing Contract; 3) expiration of any redemption period following the repossession or surrender of the Collateral; 4) in the event of a Constructive Total Loss or theft of the Collateral; or 5) the date the Financing Contract is prepaid or the Financing Contract is refinanced.


More Definitions of Constructive Total

Constructive Total. Loss shall have the meaning assigned to the term “Constructive Total Loss” in Customer’s Launch and In-Orbit Insurance policy in place at the time of Launch. Customer shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy. Control and its derivatives mean, with respect to a Party, (i) the legal, beneficial, or equitable ownership, directly or indirectly, of fifty percent (50%) or more of the capital stock (or other ownership interest if not a corporation) of such entity ordinarily having voting rights, or (ii) the power to direct, directly or indirectly, the management policies of such entity, whether through the ownership of voting stock, by contract, or otherwise.
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Constructive Total. Loss shall have the meaning assigned to the term “Constructive Total Loss” in MSV’s Launch and In-Orbit Insurance policy in place at the time of Launch. MSV shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy Contract means this instrument and all exhibits attached hereto, as the same may be amended from time to time in accordance with the terms hereof, including:
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Related to Constructive Total

  • Constructive Sale means, with respect to any security, a short sale with respect to such security, entering into or acquiring a derivative contract with respect to such security, entering into or acquiring a futures or forward contract to deliver such security or entering into any other hedging or other derivative transaction that has the effect of either directly or indirectly materially changing the economic benefits or risks of ownership of such security.

  • Constructive Termination means:

  • Constructive Termination Without Cause means a termination of the Executive's employment at his initiative as provided in this Section 10(c) following the occurrence, without the Executive's written consent, of one or more of the following events (except as a result of a prior termination):

  • Reconstructive breast surgery means surgery performed as a result of a mastectomy to reestablish symmetry between the two breasts and includes augmentation mammoplasty, reductive mammoplasty, and mastopexy.

  • Constructive Dismissal means, unless consented to by the Participant, any action that constitutes constructive dismissal of the Participant, including without limiting the generality of the foregoing: