Payment For Uninsured Losses Sample Clauses

Payment For Uninsured Losses. If this Sublease is not terminated as provided in Section 10.2.1 following any damage to or destruction of all or any portion of the Property resulting from a cause not required to be insured against by this Sublease or the Master Lease (an “Uninsured Loss”), or to the extent that any damage to or destruction of all or any portion of the Property is not actually covered by the proceeds of the Master Policy, each Sublessee agrees to pay such Sublessee’s share of the costs to repair and reconstruct the Property, which share shall be charged to the Sublessee as a Supplemental Maintenance Fee as defined in Section 6.3 with the following revisions: (i) such Supplemental Maintenance Fee shall be allocated among the Sublessees in proportion to the Ground Rent for each Sublessee’s Condominium as a fraction of the Ground Rent for all Condominiums; and (ii) such amounts shall be due and payable within thirty (30) days after Sublessor delivers written notice to a Sublessee of the amount of such Supplemental Maintenance Fee. All such funds collected shall be placed in a separate interest bearing account or accounts and shall be used only for repair and reconstruction of damage to the Property caused by the casualty requiring the collection of such funds. The portion of the cost to repair and reconstruct the Property which is allocable to the Sublessees shall be determined as follows:
Sample 1
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Related to Payment For Uninsured Losses

  • Payment for Unused Sick Leave a. An employee with less than ten (10) years of continuous University service, as defined herein, who separates from the University shall not be paid for any unused sick leave. For employees appointed on or before 1/7/03 University service includes continuous employment by the University or the State of Florida.

  • CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula:

  • Compensation for Damage or Loss (1) When investments made by investors of either Contracting Party suffer damage or loss owing to war or other armed conflict, a state of national emergency, revolt, civil disturbances, insurrection, riot or other similar events in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that the latter Contracting Party accords to its own investors or investors of any third state, whichever is the most favourable.

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate.

  • Compensation for Damages and Losses Investors of either Contracting Party whose investments suffer losses in the territory of the other Contracting Party owing to war or other armed conflict, revolution, a state of national emergency or revolt, shall be accorded treatment by such other Contracting Party not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third State as regards restitution, indemnification, compensation or other valuable consideration.

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

  • Payment for leave (a) Payment will be made based on the number of ordinary hours the Employee would have worked on the day or days on which the leave was taken.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter.

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