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Restoration
Restoration contract clause examples
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If the Property suffers damage as a result of any casualty prior to the Closing Date, shall give prompt written notice thereof to . If such damage can be repaired or restored for Two Hundred Fifty Thousand Dollars ($250,000) or less within than sixty (60) days after the date of such casualty, then shall either (i) commence the repair or restoration in an expeditious manner, in which event the Closing Date will be extended until such date as may reasonably be required to complete the repair or restoration, but in no event later than sixty (60) days after the date of such casualty, and shall retain all insurance proceeds, or (ii) assign to all assignable insurance proceeds not previously expended by in connection with such repairs or restoration and give a credit in the amount of the deductible plus such other amounts as are necessary to complete the restoration, provided that the combined total amount of any assigned proceeds, any credit for ’s deductible and any credit for restoration costs shall not exceed $250,000. If the cost of repair or restoration exceeds Two Hundred Fifty Thousand Dollars ($250,000) or will take more than sixty (60) days to repair and restore, then or may elect to terminate this Agreement upon notice to the other served within twenty (20) business days of such casualty (“’s Termination Notice”). If elects to terminate this Agreement pursuant to this Section, then, provided notifies by written notice served within five (5) business days after receipt of ’s Termination Notice, will have the option to purchase the Property on the Closing Date in its damaged condition, whereupon (i) the Closing shall occur on the Closing Date and otherwise in accordance with the terms of this Agreement, (ii) shall assign to at Closing, to the extent assignable, any casualty insurance proceeds in connection with such damage (but not any rent loss proceeds), less the amount incurred by in the restoration and repair of such damage prior to Closing, and (iii) if such proceeds are assigned, shall receive a credit at Closing in the amount of the deductible under ’s casualty insurance policy.

a confirmation by the Independent Engineer of its agreement with the matters set forth in [Section 4.6(b)(ii)(A)-(G)])] and its approval of such Restoration or Replacement Plan.

H. Belo Corporation, a Delaware corporation, pursuant to authorization of the Board of Directors, adopts the following amendments to the A. H. Belo Pension Transition Supplement Restoration Plan (the “Plan”).

provided, however, that: # no Restoration Match Credit shall be made for Base Salary or Bonus paid prior to the date the Participant became eligible to participate in the Target 401(k) Plan, # the credit under this Section 3.2.2 will not exceed the amount of Deferral Credits made by the Participant under Section 3.1 during the Plan Year, and # for a Participant described in Section 3.2.1(iii), such Restoration Match Credit shall be determined as soon as practicable following the date of the Participant’s death.

provide notice of its determination that the proposed amendment or modification will not under any circumstances have the effect of increasing the ongoing qualified costs related to the System Restoration Bonds,

The Net Proceeds shall be made available to for Restoration upon the approval of in its reasonable discretion that the following conditions are met or waived in writing by :

The Purchased Asset Documents require insurance proceeds in respect of a property loss to be applied either # to the repair or restoration of all or part of the related Underlying Mortgaged Property, with respect to all property losses in excess of 5% of the then outstanding principal amount of the related Purchased Asset, the lender (or a trustee appointed by it) having the right to hold and disburse such proceeds as the repair or restoration progresses, or # to the reduction of the outstanding principal balance of such Purchased Asset together with any accrued interest thereon.

Landlord not Liable for Business Interrupt. Notwithstanding any provision in this Lease to the contrary, Landlord shall not be liable for any loss of business, inconvenience or annoyance arising from any repair, restoration or rehabilitation of any portion of the Premises or the Building as a result of any damage from a Casualty; provided that the foregoing shall not be deemed to excuse or otherwise modify Landlord’s continuing obligation to perform Landlord’s Restoration Work, all as and to the extent otherwise provided in this Paragraph 25.

Crediting Rate for Matching Credits shall mean any notional gains or losses equal to those generated as if the Restoration Account balance attributable to Matching Credits under [Section 4.1(a)] had been invested in the Common Stock of the Company, including reinvestment of dividends. The rules and procedures for determining the value of the Common Stock of the Company shall be determined by the Administrator. The rules and procedures for re-allocating the Restoration Account balance attributable to the Matching Credits among the other portfolios offered under the Plan shall be determined by the Administrator.

The excess, if any, of the Net Proceeds and the remaining balance, if any, of the Net Proceeds Deficiency deposited with the Agent after the Casualty Consultant certifies to the Agent that Restoration has been completed in accordance with the provisions of this Section 6.4(b), and the receipt by the Agent of evidence satisfactory to the Agent that all costs incurred in connection with the Restoration have been paid in full, shall be remitted by the Agent to the Restoring Borrower, provided that no Event of Default shall have occurred and shall be continuing.

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