Vacancy Credit Sample Clauses

Vacancy Credit. Except in the event, Operating Expenses are to be "grossed up”, in the event Tenant ceases to occupy (but still leases) the Premises or any portion thereof, Tenant shall receive a credit against rent (for example, a credit to either Base Rent or Tenant's Pro Rata Share of Operating Costs) equal to Tenant's Pro Rata Share of the reduction in the cost of utilities not incurred as a result of such vacancy;
Sample 1
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Vacancy Credit. ​ Syneos Health agrees to fill vacant territories as requested by Client. Syneos Health will continue to invoice Client the amounts set forth above as Fixed Monthly Fee during any such vacancy period. Syneos Health will provide a monthly credit to Client, prorated for the number of business days per month that a territory is vacant, for each vacant territory, including leaves of absence lasting longer than [***], until such territory is filled, as set forth in the following table: ​ Monthly Vacancy Credit* Year One Year Two Per Representative [***] [***] Per SR. Rep [***] [***] Per Telesolutions Agent [***] [***] Per DM [***] [***] ​ *Within the month a territory becomes vacant. ​ Monthly Vacancy Credit* Year One Year Two Per Representative [***] [***] Per SR. Rep [***] [***] Per Telesolutions Agent [***] [***] Per DM [***] [***] ​ *Subsequent months of vacancy. ​
Sample 1
Vacancy Credit. If at least ten (10) business days prior to the commencement of a month of the Lease Term, Tenant has vacated ten thousand (10,000) contiguous square feet on any floor of the Building and/or one or more full floors of the Building (as so quantified, the "Vacated Space") for a period of thirty (30) days and provided that Tenant sends a factually correct notice to Landlord that Tenant vacated such Vacated Space, Landlord shall (i) determine in the exercise of its reasonable judgment, the cost of the electricity, janitorial service, water and HVAC (collectively, the "Variable Expenses") included in Direct Expenses each month as a result of the gross-up provision that is attributable to the Vacated Space and (ii) to the extent reasonably practicable, cease causing to be provided to such Vacated Space electricity, janitorial service, water and HVAC. Landlord shall provide to Tenant a credit against Base Rent each such month such Vacated Space is not occupied by Tenant in an amount equal to the Variable Expenses attributable to such Vacated Space as part of the gross-up calculation and not in fact paid by Landlord to third party providers of such Variable Expenses, all as reasonably determined by Landlord. To the extent that Landlord incurs incremental extra costs in complying with this provision that Landlord would not otherwise have incurred but for complying with this provision, Tenant shall pay such costs to Landlord separate and apart from, and in addition to, Direct Expenses.
Sample 1
Vacancy Credit. In the event Sublessee ceases to occupy (but still leases) the Subleased Premises, Sublessee shall receive a credit against Project Operating Expenses and Building Operating Expenses equal to the cost of the Central Plant, the water, HVAC and any other variable expenses to the extent not incurred as a result of such vacancy, as reasonably determined by Sublessor and Sublessee and Sublessee shall have no obligation to pay the same to the extent otherwise required by the terms of this Sublease.
Sample 1
Vacancy Credit inVentiv agrees to fill vacant territories as requested by Client. inVentiv will continue to invoice Client the amounts set forth above as Fixed Monthly Fee during any such vacancy period. inVentiv will provide a monthly credit to Client, prorated for the number of business days per month that a territory is vacant, for each vacant territory, including leaves of absence lasting longer than [ * ], until such territory is filled, as set forth in the following table: Year One Year Two Monthly Vacancy Credit per inVentiv Account Manager [ * ] [ * ] Monthly Vacancy Credit per RBD [ * ] [ * ]
Sample 1
Vacancy Credit. Resident will be granted a vacancy credit for any extended period during which Resident is absent from The Village, as more fully detailed in the then-current form of the Resident Handbook. During any period that a vacancy credit is in effect, no housekeeping services will be provided and no meal credits will be available.
Sample 1

Related to Vacancy Credit

  • Vacancy For purposes of this Article, a vacancy occurs when:

  • Newly Created Directorships and Vacancies Subject to Section 5.5 hereof, newly created directorships resulting from an increase in the number of directors and any vacancies on the Board resulting from death, resignation, retirement, disqualification, removal or other cause may be filled solely and exclusively by a majority vote of the remaining directors then in office, even if less than a quorum, or by a sole remaining director (and not by stockholders), and any director so chosen shall hold office for the remainder of the full term of the class of directors to which the new directorship was added or in which the vacancy occurred and until his or her successor has been elected and qualified, subject, however, to such director’s earlier death, resignation, retirement, disqualification or removal.

  • Beneficiary Designation: Change The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

  • Vacancies Whenever a vacancy in the Board of Trustees shall occur, the remaining Trustees may fill such vacancy by appointing an individual having the qualifications described in this Article by a written instrument signed by a majority of the Trustees then in office or may leave such vacancy unfilled or may reduce the number of Trustees; provided the aggregate number of Trustees after such reduction shall not be less than the minimum number required by Section 2.1 hereof; provided, further, that if the Shareholders of any class or series of Shares are entitled separately to elect one or more Trustees, a majority of the remaining Trustees or the sole remaining Trustee elected by that class or series may fill any vacancy among the number of Trustees elected by that class or series. Any vacancy created by an increase in Trustees may be filled by the appointment of an individual having the qualifications described in this Article made by a written instrument signed by a majority of the Trustees then in office. No vacancy shall operate to annul this Declaration or to revoke any existing agency created pursuant to the terms of this Declaration. Whenever a vacancy in the number of Trustees shall occur, until such vacancy is filled as provided herein, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by this Declaration.

  • Compensation for Breakage or Non-Commencement of Interest Periods Borrower shall compensate each Lender, as promptly as practicable after written request by such Lender (which request shall set forth the basis for requesting such amounts and shall be conclusive absent manifest error), for all reasonable losses, expenses and liabilities (including any interest paid or calculated to be due and payable by such Lender to lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or deployment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower.

  • Number of Directors Subject to the Certificate of Incorporation, the total number of directors constituting the Board shall be determined from time to time by resolution of the Board. No reduction of the authorized number of directors shall have the effect of removing any director before that director’s term of office expires.

  • No Reduction in Position During the Employment Period, the Executive's position (including titles), authority and responsibilities shall be at least commensurate with those held, exercised and assigned immediately prior to the Effective Date. It is understood that, for purposes of this Agreement, such position, authority and responsibilities shall not be regarded as not commensurate merely by virtue of the fact that a successor shall have acquired all or substantially all of the business and/or assets of the Company as contemplated by Section 12(b) of this Agreement. The Executive's services shall be performed at the location where the Executive was employed immediately preceding the Effective Date.

  • Interest and Withdrawal No interest shall be paid by the Partnership on Capital Contributions. No Partner shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Partner shall have priority over any other Partner either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Partners agree within the meaning of Section 17-502(b) of the Delaware Act.

  • Vacancies and Newly Created Directorships If any vacancies shall occur in the Board of Directors, by reason of death, resignation, removal or otherwise, or if the authorized number of Directors shall be increased, the Directors then in office shall continue to act, and such vacancies and newly created directorships may be filled by a majority of the Directors then in office, although less than a quorum. A Director elected to fill a vacancy or a newly created directorship shall hold office until his or her successor has been elected and qualified or until his or her earlier death, resignation or removal. Any such vacancy or newly created directorship may also be filled at any time by vote of the stockholders.

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