Material Defined Sample Clauses

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Material Defined. For the purpose of this Section 18, damage to the Property shall be deemed to be “material”, or involve a material portion, if (i) the cost of restoration or repair of such damage (other than earthquake damage) or the amount of the condemnation award with respect to such taking exceeds Five Hundred Thousand and No/Dollars ($500,000.00) or, in the case of earthquake, the damage exceeds Fifty Thousand and No/Dollars ($50,000.00), or (ii) such damage would permit any Major Tenant to terminate its Lease.
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Material Defined. For the purpose of this Section 17, damage to an Individual Property shall be deemed to be “material”, or involve a “material portion”, if (i) the cost of restoration or repair of such damage or the amount of the condemnation award with respect to such taking exceeds Ten Million Dollars ($10,000,000) with respect to each Individual Property, or (ii) any Major Tenant has the right to terminate its Lease as a result thereof.
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Material Defined. For the purposes of Section 10.1, the term “material” shall mean (a) the taking of more than ten percent (10%) of the rentable square feet of space in the Improvements for any Individual Property, (b) tenants whose Leases cover more than 15,000 square feet at such Individual Property have the right to terminate as a result of such condemnation or (c) a taking that prevents or materially impairs access to any Individual Property.
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Related to Material Defined

  • Knowledge Defined For purposes of this Agreement, the term “the Company's knowledge” or similar references to knowledge as used herein shall mean in the case of the Members and the Company, the actual knowledge of R▇▇▇▇▇▇ ▇▇▇▇▇▇, S▇▇ ▇▇▇▇▇▇▇▇ and J▇▇▇ ▇▇▇▇▇▇▇ after reasonably inquiry.

  • Additional Defined Terms As used herein, the following defined terms shall have the following meanings with respect to the Notes only:

  • Environmental Definitions For purposes of this Agreement, the terms set forth below shall have the following meanings.

  • Definition of “Knowledge For purposes of the Loan Documents, whenever a representation or warranty is made to Borrower’s knowledge or awareness, to the “best of” Borrower’s knowledge, or with a similar qualification, knowledge or awareness means the actual knowledge, after reasonable investigation, of the Responsible Officers.

  • Additional Definition Section 1.02 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows: