Examples of Acquired Percentage in a sentence
Disposals of the Premises when the Acquired Percentage is more than 80% If at any time when the Acquired Percentage is more than 80% the Leaseholder wishes to assign the whole of the Premises he must first serve written notice (“Initial Notice”) on the Landlord offering a surrender of the Term.
The Leaseholder may pay for a Portioned Percentage by paying to the Landlord a sum equal to that Portioned Percentage of Market Value (as agreed or determined under this Schedule 5 (Staircasing )) plus any unpaid sums under paragraph 1(e) and as from the date of such payment (a) the Portioned Percentage so acquired shall form part of the Acquired Percentage and (b) the Specified Rent payable under this Lease shall be a sum equal to the Unacquired Percentage of the Gross Rent.
The price that must be paid by the Landlord to the Leaseholder on completion of the surrender of the Term must be no greater than the Acquired Percentage as at the date of the Ready to Sell Notice, of the Market Value (as defined in Schedule 7).
Land Registry certificate of compliance That the Landlord will promptly in response to a request from the Leaseholder provide a certificate confirming where applicable that the provisions of Clause 3.21 (Disposals of the Premises when the Acquired Percentage is more than 80% ) has been complied with or that they do not apply to the disposition.
If at the time of such frustration (i) there is any Loan outstanding to a Mortgagee of the Premises and (ii) the Acquired Percentage is less than the Maximum Percentage then the consideration for such surrender shall be the amount referred to in Clause 13.7.1 plus the Mortgage Protection Claim (calculated on the basis that paragraph (h) in the definition of “Loss” in Schedule 9 (Defined Terms ) is the amount referred to in Clause 13.7.1).