Excess Improvement definition

Excess Improvement means the amount by which the Actual Improvement for a Plan Year exceeds the Expected Improvement.
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Excess Improvement means the amount by which the Actual Improvement for a Plan Year exceeds the Expected Improvement. “Manual” means the Herman Miller EVA® Management System Technical Manual approved by the Committee.
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Excess Improvement means the amount by which Actual Improvement for a Year exceeds Expected Improvement.
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Examples of Excess Improvement in a sentence

  • If it should appear to Landlord at any time that Tenant is or may be obligated to pay for any Excess Improvement Costs, in addition to any and all other rights and remedies to which Landlord may be entitled, Landlord shall have the right, but not the obligation, to immediately stop or prevent any and all further design, construction and installation work until Landlord has received satisfactory assurances that Tenant can and will promptly pay all Excess Improvement Costs.

  • Tenant’s failure or refusal to pay any such Excess Improvement Costs shall be a material breach of this Lease and a default hereunder.

  • If the costs of the Leasehold Improvements exceed $156,393.00, Lessee shall pay the difference to Lessor ("Excess Improvement Costs").

  • Immediately after Tenant’s occupancy of the Premises the Landlord and Tenant shall execute a ratification agreement which shall set forth the final commencement and termination dates for the Term and shall acknowledge the Minimum Rental, the rentable square footage of the Premises, delivery of the Premises in the condition required by this Lease Agreement and the respective amounts of the Improvement Costs, Excess Improvement Costs, Letter of Credit, Unfurnished Allowance and Contingent Annual Payment.

  • The Excess Improvement Allowance shall be deemed part of the Base Improvement Allowance for purposes of this Subtenant Work Letter, except for Subtenant’s re-payment obligations set forth herein.

  • If the Sublease is canceled or terminated for any reason prior to the expiration of the full initial Term of the Sublease, then the present value of the unpaid installments of the Excess Improvement Allowance shall become immediately due and payable to Sublandlord.

  • Subtenant shall repay the Excess Improvement Allowance to Sublandlord as follows: concurrently with its payments to Sublandlord of monthly Basic Rent during the Term, Subtenant shall pay to Sublandlord as Additional Rent the amount necessary to repay the Excess Improvement Allowance in equal monthly payments over the Term, together with interest thereon at the rate of nine percent (9%) per annum.

  • However, if the Tenant incurs Tenant's Work Costs which exceed the Available Basic Improvement Allowance, the Landlord shall reimburse the Tenant for such excess Tenant's Work Costs up to but not exceeding an additional Four Dollars ($4.00) per square foot of Rentable Floor Area of the Premises ("Excess Improvement Allowance"), and Annual Fixed Rent under this Lease shall be adjusted as contemplated in the Lease.

  • Any failure by Tenant to pay the Excess Improvement Costs as and when required under this Agreement shall constitute a default by Tenant under the Lease.

  • Tenant’s failure or refusal to pay any such Excess Improvement Cost within said three (3) business days shall be a material breach of this Lease and a default hereunder.