Contraction Notice definition

Contraction Notice shall have the meaning set forth in Section 37.3.2.
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Contraction Notice means a notice given by Tenant to Landlord in accordance with the provisions of Section 12.02 hereof exercising Tenant’s right to terminate this Lease with respect to a portion of the Premises effective as of the last day of the month in which occurs the tenth (10th) anniversary of the Rent Commencement Date (such day is herein called the “Contraction Date”).
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Contraction Notice shall have the meaning set forth in Section 45.1 of this Lease.
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Examples of Contraction Notice in a sentence

  • Landlord may issue one, but not more than one, Contraction Notice as to each Leased Property.

  • As used herein, the term “Contraction Fee” shall be the sum of (i) $7.25 per rentable square feet of Eliminated Space (as specified in the Contraction Notice and consistent with Exhibit “B”), plus (ii) the amount of “Unamortized TI,” as defined below, attributable to that portion of the Eliminated Space which is Expansion Space, plus (iii) the amount of “Unrecouped Commission,” as defined below, attributable to that portion of the Eliminated Space.

  • Descriptiona) PLF for Feb-23 is 44.29% & upto Feb-23 is 87.54%, b) Availability for Feb-23 is 44.10% & upto Feb-23 is 88.87%.Progressive Adjustment: 1) Coal consumption increased by Rs 6 Crs, 2) O&M charges increased by Rs 10 Crs due to incentive payment.

  • In the event that Tenant elects to contract the Premises as provided under this Section 3.05, Tenant shall pay Landlord fifty percent (50%) of the Contraction Fee (defined hereinafter) at the time the Contraction Notice is given to Landlord and the remaining fifty percent (50%) on or before that date which is thirty (30) days prior to the Contraction Date, time being of the essence in payment of the Contraction Fee.

  • If Tenant timely exercises the Contraction Option but fails to timely pay the Termination Payment allocable to such floor simultaneously with the delivery of its Contraction Notice, the exercise of the Contraction Option by Tenant shall be null and void and the Lease shall remain in full force and effect for all of the Leased Premises.

  • Tenant shall exercise the Contraction Right under this Section 3.05 by providing written notice to Landlord (the "Contraction Notice") no later than October 31, 2027, which Contraction Notice shall further set forth Tenant's determination of the approximate size and location of the Contraction Space by way of a depiction included with the Contraction Notice.

  • In the event that Tenant elects to contract the Premises as provided under this Section 3.05, Tenant shall pay Landlord a Contraction Fee (defined hereinafter) at the same time the Contraction Notice is given to Landlord.

  • If Tenant exercises its right under this Section 3.05, the “Contraction Date” shall be the day after the twelfth (12th) calendar month following Landlord's receipt of the Contraction Notice and Tenant shall surrender the Contraction Space to Landlord no later than the Contraction Date.

  • Tenant shall have a one-time right to terminate a portion of the Leased Premises consisting of the top floor (sixth floor) of the Leased Premises, or another full floor if mutually agreed upon by Landlord and Tenant (the “Terminated Floor”) effective March 1, 2017 by providing not less than nine (9) months prior written notice to Landlord (“Contraction Notice”), and, simultaneous with the delivery of the Contraction Notice to Landlord, paying a contraction fee of $625,000 (“Contraction Fee”).

  • The “Rent-Based Contraction Penalty” shall be calculated according to the chart below: Promptly following receipt of the Contraction Notice from Tenant, Landlord shall calculate the Contraction Fee and deliver written notice of the Contraction Fee to Tenant (the “Contraction Fee Calculation”).


More Definitions of Contraction Notice

Contraction Notice shall have the meaning set forth in Section 4(a).
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Contraction Notice has the meaning given in Section 1.03(a).
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Contraction Notice as defined in Section 37.1(a).
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Related to Contraction Notice

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Escalation Notice has the meaning set forth in Section 8.02.

  • Retraction Notice has the meaning set forth in Section 11.01(c).

  • Rectification Notice means a notice in writing that identifies a defect in a work and requires rectification of the defect within a specified period of time.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Transaction Notice means a written request of Seller to enter into a Transaction in a form attached as Exhibit C hereto or such other form as shall be mutually agreed upon between Seller and Purchaser, which is delivered to the Purchaser in accordance with Section 3(c) herein.

  • Confirmation Notice means a notice provided by the Issuer to an Investor in accordance with clause 1.3(c) of the Terms;

  • Acquisition Notice has the meaning set forth in Section 2.5(a).

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank or any similar or analogous notice from the Agent to a Collection Bank.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Mediation Notice is defined in Section 6.2(b).

  • Addition Notice With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.08, a notice of the Depositor's designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the aggregate principal balance of such Subsequent Mortgage Loans as of the Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form attached hereto as Exhibit P.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Valuation Notice means the notice given by the Partnership pursuant to Section 8.5(b) or Section 8.6(a) and stating the Initial Value at which a Purchase Right is to be exercised or at which a Repurchase Obligation is to be effected.

  • Allocation Notice shall have the meaning assigned to such term in Section 11.14(i) hereof.

  • Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit I.

  • Subscription Notice has the meaning set forth in Section 1.1.

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 2.6(f).

  • Variation Notice means a written notice signed by a Shareholder (or each Shareholder in the case of a joint shareholding) under clause 8.1 in the form prescribed or approved by the Board from time to time, which may (without limitation) be combined with, or form part of, any other form or notice including an Election Form).

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).