Replacement Payment for Loss of Replacement Units Sample Clauses

Replacement Payment for Loss of Replacement Units. The foregoing notwithstanding, if a court of competent jurisdiction finds or declares Section 4.1 of this Agreement to be invalid, thereby making the provisions of Section
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Replacement Payment for Loss of Replacement Units. The foregoing notwithstanding, if a court of competent jurisdiction finds or declares Section 4.1 of this Agreement to be invalid, thereby making the provisions of Section 4.3 impracticable, the Parties agree that to afford the City the full benefit of the mutual obligation of this Agreement, Developer shall make payments (the “Replacement Payments”) as described below. The Replacement Payments shall be paid to MOH at such time as any Replacement Unit is no longer subject to the provisions of Section 4.3 of this Agreement by termination of the tenant’s lease to a Replacement Unit or by an increase in rent of such Replacement Unit in an amount exceeding the amounts permitted under Section 4.3 of this Agreement. The Replacement Payment for each unit shall be equal to the total number of Replacement Units multiplied by fifteen percent (15%) multiplied by the then- applicable in lieu affordable housing fee pursuant to Planning Code Section 415, the result of which shall be divided by the total number of Replacement Units.
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Related to Replacement Payment for Loss of Replacement Units

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Card Replacement Fee If your account is subject to a Card Replacement Fee, a fee will be charged for each replacement card that is issued to you for any reason.

  • CONTRACT AMOUNT AND PAYMENT FOR SERVICES The total amount of this Contract shall not exceed $1,500,000.00, as provided for in Attachment B – Budget.

  • Substitute Checks You agree not to deposit any substitute check or similar item that you have created, or for which no financial institution has provided any substitute check warranties and indemnity. If you do so, you agree to indemnify us for all losses we incur in connection with the substitute check or item. You agree not to deposit any substitute check without our consent.

  • Account Closure At any time, for any reason, we may take any of these actions subject to applicable law:

  • Payment Upon Separation An employee or an employee's estate will be paid for:

  • Alternative Transfer Mechanism The parties agree that the data export solution identified in Section 8.2 shall not apply if and to the extent that MailChimp adopts an alternative data export solution for the lawful transfer of Personal Data (as recognized under EU Data Protection Laws) outside of the EEA (“Alternative Transfer Mechanism”), in which event, the Alternative Transfer Mechanism shall apply instead (but only to the extent such Alternative Transfer Mechanism extends to the territories to which Personal Data is transferred). Part B: GDPR Obligations from 25 May 2018

  • Net Out of Settlement Amounts The Non-Defaulting Party shall calculate a Termination Payment by aggregating all Settlement Amounts due under this Agreement or any other agreement(s) between the Company and the BGS-RSCP Supplier for the provision of BGS Supply into a single amount: by netting out (a) all Settlement Amounts that are due or will become due to the Defaulting Party, plus at the option of the Non-Defaulting Party, any cash or other form of security then available to the Non- Defaulting Party and actually received, liquidated and retained by the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement or any other agreement(s) between the Company and the BGS-RSCP Supplier for the provision of BGS Supply against (b) all Settlement Amounts that are due or will become due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement or any other agreement(s) between the Company and the BGS- RSCP Supplier for the provision of BGS Supply, so that all such amounts shall be netted out to a single liquidated amount; provided, however, that if the BGS-RSCP Supplier is the Defaulting Party and the Termination Payment is due to the BGS-RSCP Supplier, the Company shall be entitled to retain a commercially reasonable portion of the Termination Payment, which may be equal to the entire amount of the Termination Payment, as security for additional amounts that may be determined to be due and owing by the BGS-RSCP Supplier as Damages and further provided that any previously attached security interest of the Company in such retained amounts shall continue. The Termination Payment shall be due to or due from the Non-Defaulting Party as appropriate. If the Termination Payment has been retained by the Company as security for additional amounts that may be determined to be due and owing by the BGS-RSCP Supplier, and if, upon making a final determination of Damages, the Termination Payment, or any portion thereof, is to be made to the BGS-RSCP Supplier, the Company will pay simple interest on the Termination Payment amount being made to the BGS-RSCP Supplier. Simple interest will be calculated at the lower of the Interest Index or six (6) percent per annum.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

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