Requisition of Use definition

Requisition of Use shall have the meaning set forth in the Event of Loss definition contained herein.
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Requisition of Use with respect to a Unit shall mean the taking, condemnation, confiscation or seizure of, requisition of title to or use of, such Unit by the act of the United States or any foreign government or any state or local authority within the United States or any instrumentality or agency of any of the foregoing.
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Requisition of Use shall have the meaning set forth in the definition of Event of Loss.
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Examples of Requisition of Use in a sentence

  • The date of such Event of Loss shall be the date of such theft, disappearance, destruction, damage, Requisition of Use, prohibition, unfitness for use for the stated period, removal for the stated period or Return to Manufacturer.

  • In the case of a Requisition of Use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect.

  • With respect to a Requisition of Use, Lessee will be entitled to all amounts paid by any governmental authority up to the Casualty Value actually paid by Lessee, and any excess will be paid over to, and retained by, Lessor.

  • In the case of a Requisition of Use with respect to any portion of the Leased Property which does not constitute an Event of Loss, such Requisition of Use shall not terminate this Lease with respect to such portion of the Leased Property and each and every obligation of the Lessee with respect thereto shall remain in full force and effect.

  • So long as no Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such Requisition of Use for the period ending on the Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such Requisition of Use for the period after the Lease Termination Date.

  • The date of occurrence of such Event of Loss shall be the date of such theft, disappearance, destruction, damage, Requisition of Use or prohibition of, or unfitness for use, for the stated period.

  • Lessor shall be entitled to receive and retain all amounts payable by the Manufacturer with respect to a Return to Manufacturer or by any governmental authority with respect to any Requisition of Use, as the case may be, except that such amounts received in good collected funds shall be applied against Lessee's obligation to pay Casualty Value or, so long as no Event of Default has occurred, remitted to Lessee (up to the amount of the Casualty Value paid by Lessee to Lessor in good and indefeasible funds).

  • This Time Charter shall terminate simultaneously upon a termination of the Sub- Bareboat Charter as set forth in Article 10, 11 and 12 thereof (relating to an Event of Loss (including requisition of title to the Vessel), Early Termination for obsolescence and Requisition of Use, respectively) or upon the election of Time Charterer, with the consent of Bareboat Charterer, for reasons of a Sub-Bareboat Charterer Default under Section 16 hereof.

  • In the case of a Requisition of Use with respect to a Unit which does not constitute a Casualty Occurrence, such Requisition of Use shall not terminate this Lease with respect to such Unit and each and every obligation of the Lessee with respect thereto shall remain in full force and effect.

  • Lessee hereby assumes and shall bear the entire risk of casualty, whether or not insured against, of the equipment from any and every cause whatsoever, and from requisition for use by governmental authority under the power of eminent domain or otherwise (Requisition of Use), from the date of commencement of this Lease.


More Definitions of Requisition of Use

Requisition of Use means, with respect to a Site, the confiscation, seizure or requisition of use of such Site (or such a substantial portion thereof so as to render operation of such Site by a private party commercially impractical) by the act of any Governmental Authority, but only if such confiscation, seizure or requisition of use continues for a period of more than twelve (12) consecutive months or beyond the Expiration Date for such Site.
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Requisition of Use shall have the meaning set forth in the definition of Event of Loss. SEVERABLE MODIFICATION shall mean any Modification to the Leased Property permitted hereunder which can be readily removed therefrom without impairing the current or residual value, utility or remaining useful life of the Leased Property. SUBSIDIARY of any Person shall mean any corporation, partnership, limited liability company, limited liability partnership, joint venture, trust or estate of which (or in which) more than 50% of (a) the Voting Stock of such corporation, (b) the interest in the capital or profits of such partnership, limited liability company, limited liability partnership, or joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person's other Subsidiaries.
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Requisition of Use. (i) when used herein shall have the meaning given to such term in the definition of “Event of Loss” hereof and when used in the Maintenance, Operations and Assignment Supplemental Agreement shall mean the condemnation, confiscation or seizure of, or requisition of title to or use of, any Aircraft, its Airframe or any Engine, Rotor Blade or Rotor Component by the act of any government (foreign or domestic) or of any state or local authority or any instrumentality or agency of the foregoing for more than ninety (90) consecutive days or for any period which extends beyond the Scheduled Maturity Date.
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Requisition of Use is defined in Section 7.1(c).
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Requisition of Use shall have the meaning set forth in the Event of Loss definition contained herein. Return to Manufacturer shall have the meaning set forth in the Event of Loss definition contained herein. SEC shall mean the Securities and Exchange Commission.
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Requisition of Use means any circumstance or event in consequence to which the use of Unit 1 or the Undivided Interest shall be requisitioned or taken by any Governmental Authority under power of eminent domain or otherwise, other than a Requisition of Title. Responsible Officer shall mean, with respect to the subject matter of any covenant, agreement or obligation of any party contained in any Transaction Document, the President, or any Vice President, Assistant Vice President, Treasurer, Assistant Treasurer or other officer who in the normal performance of his operational responsibility would have knowledge of such matter and the requirements with respect thereto. Retained Assets shall mean (i) the Lessee's ownership interest in PVNGS other than the Undivided Interest, the related Generation Entitlement Share and the Real Property Interest, (ii) Severable Capital Improvements title to the undivided interest in which is retained by the Lessee in accordance with
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Related to Requisition of Use

  • Rental application means the written application or similar document used by a landlord to

  • Access Application means an application for Access Rights as described in section 3.7;

  • Renewal Application means a document used to collect pertinent data for renewal of permits

  • Restriction of Use means, in respect of any day, any difference from the normal capability of all or any part of the Routes (where the normal capability of the Routes is expressed in the Applicable Timetable Planning Rules relevant to that day notified to each Timetable Participant on or before D-26) which results in:

  • maximum content of non-originating materials means the maximum content of non-originating materials which is permitted in order to consider a manufacture to be working or processing sufficient to confer originating status on the product. It may be expressed as a percentage of the ex-works price of the product or as a percentage of the net weight of these materials used falling under a specified group of chapters, chapter, heading or subheading;