Scenario One. Where a statutory holiday falls on an employee's scheduled work day and the employee is in receipt of Weekly Indemnity, Long-term Disability or WorkSafeBC benefits on both the scheduled work day preceding and the scheduled work day following the statutory holiday, the employee is not entitled to a lieu day.
Scenario One. If, on January 31, 2023 (provided that the City has previously received timely notice and has reasonably reviewed and confirmed the Eligible Tenant(s)), 33,567 square feet of the 100,700 rentable square foot Building is deemed to be Eligible Square Footage occupied by one or more Eligible Tenants, while the remaining 67,133 rentable square feet of the Building is not occupied by Eligible Tenants, then the Total Annual PILOT for the Building shall be as set forth below (and as illustrated in the schedule attached hereto as Exhibit C-1):
Scenario One. Scenario One contemplates (i) the Rehabilitator’s base case loss estimates for both the General and Segregated Accounts, (ii) realization of RMBS Litigation proceeds equal to 100% of the nominal cash flows employed in Ambac’s GAAP financial statements as of March 31, 2017, and (iii) the high end of our valuation range for AUK ($350 million assuming a 5.1% discount rate), with dividends from AUK to AAC assumed to commence in 2036. Under Scenario One, all post-transaction Policy Claims would be paid in full, the new Senior Secured Notes would be paid in full, the Tier 2 Notes would be paid in full, and holders of Surplus Notes and Junior Surplus Notes would be paid in full. See Exhibit D. 31 The discount incorporated in the effective consideration package is the same for non-affiliated third parties and AFG provided that AFG’s retention of the SA SSNs is excluded from this calculation.
Scenario One. All terms and conditions of an Expansion under Scenario One including, without limitation, shell Base Building, Tenant Improvements, time for buildout, Tenant improvement allowance and all other economic factors will be the product of good faith negotiation between the parties since these terms and conditions are not inferable from the terms of this Lease due to the nature of development and changing economic conditions, except for the following terms and conditions, and no agreement regarding an Expansion under Scenario One shall be binding upon either party until a mutually acceptable amendment to this Lease has been executed by Landlord and Tenant with the approval of their respective counsel:
