Example 1. Assume that a lease covering 50 Master Lease Leased Properties is subdivided into Lease A covering 35 Master Lease Leased Properties and Lease B covering 15 Master Lease Leased Properties and that no Event of Default under Section 16.1(m) and/or Section 16.1(q) or any other provision has occurred or is continuing under either of such leases. Assume further that, pursuant to Section 40.18, such two (2) leases are combined and that Lease A is the Section 40.18
Example 1. If (i) an Event of Default of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease has occurred and is continuing (as described in Section 16.10.2.3 above) with respect to Leased Property X and no other Leased Properties, (ii) Lessor has terminated this Lease as it applies to Leased Property X or dispossessed Tenant from such Leased Property X, (iii) the Section 16.10.1 Number applicable to this Lease exceeds 1 (so that the condition referenced in Section 19.1(b) is met), and (iv) Tenant desires to renew this Lease, pursuant to Section 19.1, with respect to a Renewal Group which does not include Leased Property X, then Tenant would be entitled to renew this Lease with respect to all of the Leased Properties in such Renewal Group. See the following examples for examples of Lessor’s and Tenant’s respective rights relative to renewal of the Renewal Group that includes Leased Property X. Example 2: Same assumed facts as in Example 1, except assume that Lessor has not terminated this Lease as it applies to Leased Property X, but Lessor has dispossessed Tenant from Leased Property X, and that the Renewal Group that Tenant desires to renew includes Leased Property X. Tenant would be entitled to renew this Lease with respect to all of the Leased Properties in such Renewal Group, but any such renewal would include renewal of Leased Property X. Section 19.1 does not create any right allowing Tenant to renew less than all of a Renewal Group as to which this Lease remains in effect. As to Leased Property X, Tenant has been dispossessed, not terminated, and therefore any renewal would need to include Leased Property X. Example 3: Same assumed facts as in Example 2, except assume that Lessor has terminated this Lease as it applies to Leased Property X. Tenant would be entitled to renew this Lease with respect to all of the Leased Properties in the Renewal Group that formerly included Leased Property X, without being obligated to renew this Lease as to Leased Property X. Due to the termination of this Lease as it applies to Leased Property X, the aforesaid Renewal Group no longer includes Leased Property X, and Tenant is entitled to renew this Lease as to all of the Renewal Group as to which this Lease remains in effect.
Example 1. Assume that a lease of 15 Master Lease Leased Properties includes Property A as to which a Section 16.1(m) Event of Default has occurred and is continuing and that, on account of an Event of Default under such lease, Lessor terminates such lease as it applies to Property A, so that the remaining lease covers 14 Master Lease Leased Properties. Assume further that, pursuant to Section 22.7 of such lease, a Separate Lease under Section 22.7 is entered into with a leasehold mortgagee or its designee relative to Property A. As a result of Section 16.10.3.3, the Section 16.1(m) Event of Default relative to Property A will also be considered an Event of Default under Section 16.1(m) of the aforesaid remaining lease of 14 Master Lease Leased Properties and Property A will, for all purposes of Section 16.10 and Section 19.1(b) of such remaining lease, be counted as a leased property as to which a Section 16.1(m) Event of Default had occurred and was continuing the same as if a Section 16.1(m) Event of Default had occurred and was continuing under such remaining lease relative to a Master Lease Leased Property included in such remaining lease. Example 2: Assume that a lease of 15 Master Lease Leased Properties includes no properties as to which a Section 16.1(m) and/or Section 16.1(q) Event of Default has occurred and is continuing and that, on account of an Event of Default under such lease, Lessor terminates such lease as it applies to Property A, so that the remaining lease covers 14 Master Lease Leased Properties. Assume further that, pursuant to Section 22.7 of such lease, a Separate Lease under Section 22.7 is entered into with a leasehold mortgagee or its designee relative to Property A. Assume further that several months later a Section 16.1(m) Event of Default arises relative to Property A. As a result of Section 16.10.3.3, the Section 16.1(m) Event of Default relative to Property A will also be considered an Event of Default under Section 16.1(m) of the aforesaid remaining lease of 14 Master Lease Leased Properties and Property A will, for all purposes of Section 16.10 and Section 19.1(b) of such remaining lease, be counted as a leased property as to which a Section 16.1(m) Event of Default had occurred and was continuing the same as if a Section 16.1(m) Event of Default had occurred and was continuing under such remaining lease relative to a Master Lease Leased Property included in such remaining lease. Example 3: Same assumed facts as in Example 2, excep...
Examples of Example 1 in a sentence
Example 1: You made 12 or fewer consecutive payments for the item in Original Medicare and then joined our plan.
See also "brokered deposits" and "hypothecated deposits." Examples Illustrating Distinctions BetweenMONEY MARKET DEPOSIT ACCOUNTS (MMDAs) and OTHER SAVINGS DEPOSITS Example 1 A savings deposit account permits no transfers of any type to other accounts or to third parties.
Example 1: Lincoln (CILCO) unit breaks down in the northern part of its territory.
Example 1: Withdrawal equal to the GAWA when the Contract Value has decreased due to negative market performance.
Furthermore, K is related to F, the cap purchaser in para- graph (f)(4) Example 1 of this section.(b) K’s option agreements with L reduce risk with respect to F’s cap agreement withE.
More Definitions of Example 1
Example 1. Employee A is working the second shift, is asked to stay and work the third shift also to replace Employee B who was originally assigned to work third shift but who called in sick. In this case, Employee A receives eight (8) hours at the proper overtime rate plus third shift differential at overtime rate for working as Employee B’s replacement.
Example 1. A 4th grade teacher has twenty-eight (28) students assigned to her regular class load. Another student not on that teacher’s class load is assigned to receive a half-day of instruction from that teacher two times per week. The teacher is entitled to receive a pro-rated stipend if that student is present in the teacher’s class for at least fifteen (15) instructional days in the quarter, but that student would not be counted as the 29th pupil on the teacher’s regular class load.
Example 1. A Clerk Typist 2 who works 8:00 a.m. to 5:00 p.m. in the Police Chiefs Office is asked to work later than the normal quitting time in order to catch up on a backlog of typing. The employee receives eight (8) hours straight time and two (2) hours overtime with no shift differential. Example 2: A Clerk Typist 2 who works 8:00 a.m. to 5:00 p.m. in the Police Chiefs Office is asked to stay and fill in for a clerical employee on the second shift in Police Records who called in sick. The employee receives eight (8) hours straight time, eight (8) hour overtime, and 12 hours second shift differential (overtime rate).
Example 1. An employee has no banked sick leave and 12 days’ unused annual sick leave at the end of the year. Ten days must be credited to banked sick leave and two days may be cashed out at 50% of value.
Example 1. An employee has 20 days’ banked sick leave and 12 days’ unused annual sick leave at the end of the year. This employee’s annual sick day allotment is 12 days. Ten days may be cashed out at 75% value and two days will be credited to banked sick leave; or, all 12 days’ unused annual sick leave may be credited to banked sick leave. All unused annual sick leave days that are not converted to cash under Option 1 or Option 2 above will be automatically credited to banked sick leave at 100% of value.
Example 1. A fifty percent (50%) assignment = twenty (20) hours 31 per week at four (4) hours per day for each of five (5) days. 32 Employees who are assigned at four (4) hours per day for each of five 33 (5) days per fifty percent (50%) assignment = twenty (20) hours per 34 week at eight (8) hours per day for two (2) days and four (4) hours for 35 one (1) day. Employees who are assigned two and one-half (2½) days 36 per week also earn and receive holiday pay for four (4) hours per 37 holiday.
Example 1. If a vacancy exists in a Senior Service Representative I classification in the Customer Services Department, consideration under Subsection 18.8(b) and 18.8(c) of the Agreement in order of employment date shall be given to employees classified as Service Representative, the equivalent, or higher in the Customer Services Line of Progression.