Casualty Termination Payment definition

Casualty Termination Payment is defined in Section 21.C.
Casualty Termination Payment has the meaning set forth in Section 10.03(d).
Casualty Termination Payment shall be an amount equal to the sum of (i) the Base Rent and Additional Rent due under the Lease as of the Casualty Termination Date, (ii) any other amounts due under the Lease as of the Casualty Termination Date, (iii) the aggregate remaining Base Rent and Additional Rent payable by Tenant hereunder for the Initial Term (or any Option Period for which the Term has been extended), discounted to present worth at a discount rate equal to one hundred (100) basis points plus the then-current yield of U.S. Treasury securities having a maturity closest to the then remaining Term, (iv) any out-of-pocket costs, charges or penalties, if any, incurred by Landlord and Lender as a result of the prepayment or defeasance of the Note (as hereinafter defined), and (v) any other amounts that are due and owing to Lender or Landlord by reason of any default by Tenant in complying with its obligations under this Lease. This Lease shall remain in full force and effect prior to the Casualty Termination Date. Notwithstanding anything to the contrary stated herein, no Casualty Termination Payment shall be due during the last twelve (12) months of the Term.

Examples of Casualty Termination Payment in a sentence

  • Seller’s obligation to pay the Seller Casualty Termination Payment shall survive the termination of this Agreement.

  • Notwithstanding the foregoing, Tenant shall have the right to pursue a cause of action against Landlord for actual damages resulting from Landlord’s default under this Lease, it being understood that Tenant shall have no right to set off any such damages against the Basic Rent or Additional Rent payable under this Lease or the Purchase Price, the Default Purchase Price, Condemnation Termination Payment or Casualty Termination Payment, as applicable, if payable hereunder or under the Agency Agreement.


More Definitions of Casualty Termination Payment

Casualty Termination Payment has the meaning assigned thereto in Paragraph 14 (g) of this Lease.

Related to Casualty Termination Payment

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Proceeds means any proceeds arising out of a sale of Receivables (or interests therein) pursuant to subsection 12.01(b) of the Agreement with respect to Series 2001-D.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Lease Termination Date means the last day of the Lease Term.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Servicer Termination Notice Defined in Section 6.15.

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Early Termination Event has the meaning specified in Section 9.2.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Termination Price As defined in Section 9.01.

  • Termination Benefit means the benefit set forth in Article 7.

  • Liquidity Termination Date means the earlier to occur of the following: