Accelerated Floor definition

Accelerated Floor has the meaning provided in Section 2.6(d).
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Accelerated Floor means for each Class of Shares the Accelerated Discount Factor multiplied by the Protected Amount Per Share for each Class of Shares.
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Accelerated Floor means for each Class of Shares the aggregate across all future Payment Dates of the Accelerated Discount Factor for each such Payment Date multiplied by the Protected Amount Per Share for each such Payment Date.
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Examples of Accelerated Floor in a sentence

  • An "Accelerated Floor" shall mean each entire floor in the Building that Landlord delivers to Tenant prior to the Target Completion Date (i) in a condition whereby the improvements comprising Landlord's Work on such floor can be used for their intended purposes (as evidenced by a certificate of substantial completion delivered to Tenant by the project architect) or (ii) in a condition whereby the Tenant's Work can be commenced therein and where Tenant does, in fact, commence Tenant's Work on such floor.

  • The Tenant Improvement Allowance ----------------------------- shall be reduced by Seventeen Thousand Five Hundred Dollars ($17,500) per week for each "Accelerated Floor" delivered to Tenant, from the delivery of the floor until the Target Completion Date.


More Definitions of Accelerated Floor

Accelerated Floor means each entire floor in the Building that Landlord delivers to Tenant prior to the Target Completion Date (i) in a condition whereby the improvements comprising Landlord's Work on such floor can be used for their intended purposes (as evidenced by a certificate of substantial completion delivered to Tenant by the project architect) or (ii) in a condition whereby the Tenant's Work can be commenced therein and where Tenant does, in fact, commence Tenant's Work on such floor. Upon completion of Tenant's Work on a floor, Tenant may occupy such floor for the uses allowed herein once a certificate of occupancy is obtained for such floor. In no event shall the Tenant Improvement Allowance be reduced more than One Hundred Fifty Thousand Dollars ($150,000) in the aggregate for early delivery of the Building's floors. Landlord shall furnish Tenant with notice that Landlord will deliver a certificate from its architect at least forty-eight (48) hours prior to the delivery of the certificate.
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Related to Accelerated Floor

  • SOFR Floor means a rate of interest per annum equal to zero basis points (0.00%).

  • Ground floor means a floor of a building with a building entrance on an accessible route. A building may have more than one ground floor.

  • OC Floor An amount equal to 0.50% of the Pool Balance as of the Cut-Off Date.

  • Mezzanine Floor means an intermediate floor between two floors, above ground level, accessible only from the lower floor;

  • Total Floor Area means, the sum total of the total areas of all floors in a building or structure whether at above or below grade measured between the exterior faces of the exterior walls of the building or structure or from the centre line of a common wall separating two uses or from the outside edge of a floor where the outside edge of the floor does not meet an exterior or common wall, and;

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • LIBOR Floor means 0.00%.

  • Tenant Delay Any event or occurrence that delays the completion of the Landlord Work which is caused by or is described as follows:

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Tenant Delays A "Tenant Delay" shall mean any delay in Substantial Completion of the Building as a result of any of the following: (i) Tenant's failure to complete or approve the Tenant Improvement Plans by the dates set forth in Section 5.B, (ii) Tenant's failure to approve the bids for construction by the dates set forth in Section 5.C, (iii) changes to either the Shell Plans and Specifications or the Tenant Improvement Plans requested by Tenant which delay the progress of the work, (iv) Tenant's request for materials, components or finishes which are not available in a commercially reasonable time given the target Commencement Date, (v) Tenant's failure to make a progress payment for Tenant Improvement costs as provided in Section 5.F, (vi) Tenant's request for more than one (1) rebidding of the cost of all or a portion of the work, and (vii) any errors or omissions in the Tenant Improvement Plans provided by Tenant's architect. In the event Landlord believes Tenant is causing a Tenant Delay, Landlord shall notify Tenant in writing, state the action or inaction that it believes is causing the Tenant Delay, and state the date from which a Tenant Delay is being calculated. Claim of Tenant Delay shall be made within five (5) days after Landlord's discovery of the occurrence of the event giving rise to such claim. Tenant shall have the right to expedite work, at its sole cost, to minimize the effect of any Tenant Delays, to the extent it is practicable to do so. However, no Tenant Delay shall advance the Commencement Date to a date before the estimated Commencement Date of October 1, 2001. Notwithstanding anything to the contrary set forth in this Lease and regardless of the actual date the Premises are Substantially Complete (but subject to the limitation in the preceding sentence), the Commencement Date shall be deemed to be the date the Commencement Date would have occurred if no Tenant Delay had occurred as reasonably determined by Landlord. In addition, if a Tenant Delay results in an increase in the cost of the labor or materials, Tenant shall pay the cost of such increases.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Expansion Factor has the meaning ascribed thereto in Section 2.3(a);

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Parking Garage means a building or portion of a building, other than a private garage, that is used for the temporary parking of motor vehicles;

  • Total Taking means the Taking of the fee title to all the Premises and the Improvements on the Premises, which shall be considered to include any offsite improvements effected by Tenant to serve the Premises or the improvements or the parking on the Premises.

  • Vesting Event means the earliest to occur of the following events: