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Excess Consideration definition

Excess Consideration means the interest rate per annum that is equal to (i) 3.74 per cent. plus (ii) an interest rate equal to the average between the bid and offer rates for thirty(30) year STIBOR 3 month interest-rate swaps in Swedish Kronor, as displayed on ICAP plc’s website at our about 11.00 a.m. on the fifth (5) Business Day before the Step-up Date, rounded up to two decimal places minus (iii) the Fixed Interest Rate.
Excess Consideration means all rent, additional rent or other consideration actually received by Tenant from such subtenant and/or actually paid by such subtenant on behalf of Tenant in connection with the subletting in excess of the rent, additional rent and other sums payable by Tenant under this Lease during the term of the sublease on a per square foot basis if less than all of the Premises is subleased, less brokerage commissions, if any, reasonably incurred by Tenant to procure the sublease, and the cost of any alterations made by Tenant specifically for the benefit of such subtenant. In the event of an assignment, “Excess Consideration” shall mean key money, bonus money or other consideration paid by the assignee to Tenant in connection with such assignment, and any payment in excess of fair market value for services rendered by Tenant to assignee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to assignee in connection with such assignment, less brokerage commissions, if any, reasonably incurred by Tenant to procure the assignment, and the cost of any alterations made by Tenant specifically for the benefit of such assignee. If part of the Excess Consideration shall be payable by the assignee or subtenant other than in case, then Landlord’s share of such non-cash consideration shall be in such form as is reasonably satisfactory to Landlord.

Examples of Excess Consideration in a sentence

  • Tenant shall pay this Excess Consideration to Landlord at the end of each calendar year during which Tenant collects any Excess Consideration.

  • In accordance with the provisions of Conditions 4, 6 and 9 and the Trust Deed the right to payment of principal on the Class B Notes will be subordinated to, inter alia payments of principal amounts and following delivery of an Enforcement Notice interest amounts in respect of the Class A Notes, and as from but excluding the First Optional Redemption Date, the Class A Excess Consideration Revenue Shortfall Amount payable in respect of the Class A Notes if applicable.

  • Failure to pay the Class A Excess Consideration and/or Class A Additional Amounts will not cause an Event of Default.

  • Until the date on which the Principal Amount Outstanding of the Class A Notes and the Class A Excess Consideration Amount Outstanding in respect of the relevant Class A Note is reduced to zero, the Class B Noteholders will not be entitled to any repayment of principal in respect of the Class B Notes.

  • In the event that on any Notes Payment Date the Issuer has insufficient funds available to it to satisfy its obligations in respect of amounts of interest (which does not include Class A Excess Consideration or Class A Additional Amounts) due on the Class A Notes on such Notes Payment Date and such interest is not paid within fifteen calendar days from the relevant Notes Payment Date, this will constitute an Event of Default in accordance with Condition 10(a).


More Definitions of Excess Consideration

Excess Consideration means key money, bonus money or other consideration paid by the assignee to Tenant in connection with such assignment, and any payment in excess of fair market value for services rendered by Tenant to assignee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to assignee in connection with such assignment, less marketing costs, attorneys’ fees and brokerage commissions, if any, reasonably incurred by Tenant to procure the assignment, and the cost of any alterations made by Tenant specifically for the benefit of such assignee. In either case, if part of the Excess Consideration shall be payable by the assignee or subtenant other than in cash, then Landlord’s share of such non-cash consideration shall be in such form as is reasonably satisfactory to Landlord.
Excess Consideration means the amount, if any, by which (i) the aggregate net consideration which the approved assignee pays to the Purchaser, exceeds (ii) any out-of-pocket costs and expenses (including the purchase price paid by Purchaser) paid by Purchaser, in connection with its acquisition of such Lots pursuant to this Lot Purchase Agreement.
Excess Consideration means all rent, additional rent, key money, bonus money and/or other consideration (including, without limitation, any payment in excess of fair market value for services rendered by Lessee to the Transferee for assets, fixtures, inventory, equipment, or furniture transferred by Lessee to the Transferee in connection with the Transfer) received by Lessee from a Transferee and/or paid by a Transferee on behalf of Lessee in connection with the Transfer in excess of the rent, additional rent and other sums payable by Lessee under this Lease (on a per square foot basis if less than all of the Premises is subject to such Transfer), less the sum of Lessee's reasonable out-of-pocket costs incurred for brokerage commissions, attorneys' fees and any Alterations to the Premises in connection with such Transfer and an amount equal to the then unamortized cost of any Lessee Improvements made by Lessee at Lessee's cost (based upon monthly straight line amortization over the initial eighty-four (84) month Lease Term). If part of the Excess Consideration shall be payable by the Transferee other than in cash, then Lessor's share of such non-cash consideration shall be in such form as is reasonably satisfactory to Lessor.
Excess Consideration will have the meaning set forth in Section 13.4.
Excess Consideration has the meaning set forth in Section 1.2.
Excess Consideration is defined in Section 12.5 herein.
Excess Consideration shall have the meaning set forth in Section 2.8.2(c).