Award Balance definition

Award Balance in instances in which a revision to the Financial Assistance Award is made pursuant to an amendment duly issued by OHA and executed by the parties, the presence of an amount in this column will indicate the amount of financial assistance that was awarded by OHA to the LPHA, for the Program Element (or sub-element) identified on that line, prior to the issuance of an amendment to this Agreement. The information contained in this column is for information only, for purpose of facilitating LPHA’s administration of the fiscal and accounting elements of this Agreement, does not create enforceable rights under this Agreement and shall not be considered in the interpretation of this Agreement.

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Award Balance shall be the amount, if any, by which the total ------------- compensation and damages awarded in respect of a permanent taking exceeds the total of the portion of award allocable to the land on which the Buildings and other Improvements are situated (i.e. as if the land were not improved but as encumbered by, for example, all title matters) and all amounts payable in such event under bona fide ground leases or underlying leases and under all bona fide mortgages or other encumbrances which may now or hereafter be placed on, encumber or affect the real property of which the premises are a part, or any part of such real property.

Award Balance as defined in and provided pursuant to the second sentence of Section 4.5(c) of the Merger Agreement, and that such Award Balance shall be paid notwithstanding any separation of service requirement for such payment, (b) that Shareholder will receive 100% of the target cash bonus for 2011 as defined in and provided pursuant to the third sentence of Section 6.12(a) of the Merger Agreement, and (c) that the Company shall pay to Shareholder an amount equal to one month of Shareholder’s base salary as in effect on the date hereof (all subject to normal withholdings and deductions). Buyer further agrees that Shareholder shall be a third party beneficiary with respect to the provisions set forth in Section 6.12(d) of the Merger Agreement.

Examples of Award Balance in a sentence

• Any holder of a Performance Award who does not receive the Award Balance pursuant to the immediately preceding sentence shall be entitled to receive such holder’s respective Award Balance if such person remains employed by the Company for a period of one year following the Closing Date, or earlier if such holder’s employment is terminated by the Company without Cause (as defined in Section 6.12(a) hereof).

• The Tenant shall undertake the work of repair and restoration as soon as reasonably practicable; and Tenant shall make the repairs and restoration even if the Award Balance is insufficient for that purpose.

• If the Property Value is determined in the proceeding pursuant to which the Premises shall have been taken, the Property Value and consequent Award Balance so determined shall be conclusive upon the Port and Tenant.

• Upon that termination the entire Award Balance shall belong to the Port free of any claim thereto or any part thereof by Tenant, anything in this Section to the contrary notwithstanding.

• To the extent that the sum of the Book Value of the Tenant Improvement Work and the Book Value of the Landlord’s Contribution is less than the Proceeds or Award Balance, Landlord shall be entitled to the entire excess balance thereof.

• To the extent that the sum of the Book Value of the Tenant Improvement Work and the Book Value of the Landlord's Contribution is less than the Proceeds or Award Balance, Landlord shall be entitled to the entire excess balance thereof.

• Each Award Payment shall be credited against and reduce the Current Award Balance.

• Since the date of the Award Balance Sheet through the date of this Agreement, there has not been: (i) any Material Adverse Effect on Award, or (ii) any material change by Award in its accounting methods, principles or practices, except as required by concurrent changes in GAAP.

• To the extent that the sum of the Book Value of the Tenant Improvement Work and the Book Value of the Tenant Allowances is less than the Proceeds or Award Balance, Landlord shall be entitled to the entire residual balance thereof.

• Award Amount: $ 100,000.00 Award Balance: $ Reports and Attachments: Submit Advance Payment #1 2025 request upon completion of contract process , due no later than June 15th.

More Definitions of Award Balance

Award Balance shall be the amount, if any, by which (1) the total compensation and damages awarded in a permanent Taking net of all reasonable costs and expenses incurred to collect the same, exceeds (2) the aggregate of all amounts payable in such event under (i) all Superior Mortgages, and (ii) Landlord’s Total Project Costs (which were not financed by such Superior Mortgages) and (iii) the remaining difference between (i) and (ii) and the then fair market value of the Property.

Award Balance shall be as defined in Section 16.02B.

Award Balance shall be the amount, if any, by which the total compensation and damages awarded in respect of a permanent taking exceeds the total of the portion of award allocable to the land on which the Building is situated (i.e., as if the land were not improved but as encumbered by, for example, all title matters) and all amounts payable in such event under bona fide ground leases or underlying leases and under all bona fide mortgages or other encumbrances which may now or hereafter be placed on, encumber or affect the real property of which the premises are a part, or any part of such real property.