Lease Adjustment Amount definition

Lease Adjustment Amount means an amount equal to (A) the difference between $470,000 and the remaining Liability (net of sublease rent) for the Company Entities under the lease (B) less any broker fees incurred in connection with the surrender or sublease.
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Lease Adjustment Amount shall be defined to mean the amount equal to (x) the number of shares of Common Stock outstanding 20 trading days after the date of issuance of the Company’s press release announcing the execution of this letter of intent (the “Press Release Date”), multiplied by (y) the product of (1) the difference obtained by subtracting (A) the average closing price per share of Common Stock for the five (5) trading prior to the Press Release Date from (B) the average closing price per share of Common Stock for the 20 trading days after the Press Release Date, if a positive number, and (2) 0.75; provided that with respect to (y), if the product of (1) and (2) exceeds 7.5% of the Market Price Per Share, then such product shall equal the Market Price Per Share multiplied by 7.5%.
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Lease Adjustment Amount as defined in Section 2.3. "Legal Requirement" - any federal, state, local, municipal, foreign, international, multinational, or other constitution, law, ordinance, principle of common law, code, regulation, statute, or treaty. "Liability" - with respect to any Person, any liability or obligation of such Person of any kind, character or description, whether known or unknown, absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise and whether or not the same is required to be accrued on the financial statements of such Person. "LSB" - as defined in the first paragraph of this Agreement. "LSBCC" - as defined in the first paragraph of this Agreement. "Marks" - as defined in Section 3.24(a)(i). "Material Consents" - as defined in Section 7.3.
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Examples of Lease Adjustment Amount in a sentence

  • As a result of the increase in Base Price, notwithstanding anything to the contrary in the Purchase Agreement, for purposes of Section 2.4 of the Purchase Agreement, the Leveraged Lease Adjustment Amount shall be zero.

  • In the event that the remaining term of a Non-Transferred Lease as of the Determination Date is twenty-four (24) months or greater, the Non-Transferred Lease Adjustment Amount for such Non-Transferred Lease shall equal the Liquidated Damages Amount set forth in Exhibit 2.10(b) attached hereto with respect to such Non-Transferred Lease.

  • The Lease and Buy-Out Agreement also shall include, as post-Closing obligations of Buyer, the Leveraged Lease Buy-Out Amounts in respect of all Leveraged Lease Properties other than those that have become Early Buy-Out Properties as of the Closing Date (which excluded buy-out amounts will be included in the Leveraged Lease Adjustment Amount).

  • In the event that the remaining term of a Non-Transferred Lease as of the Determination Date is less than twenty-four months, the Non-Transferred Lease Adjustment Amount for a Non-Transferred Lease shall equal the Liquidated Damages Amount set forth in Exhibit 2.10(b) attached hereto with respect to such Non-Transferred Lease multiplied by a fraction, the numerator being the number of months remaining in the lease term as of the Determination Date and the denominator being twenty-four (24).

  • Deposit means the amount(s) paid by the Purchaser to the Vendors' Representatives pursuant to clause 4.3. Determination Date means the fifth Business Day after the date on which the Completion Accounts, the amount of Net Debt, the Completion Container Rental Equipment Amount, the Net Tangible Assets Amount, the Working Capital Amount and the K&S Lease Adjustment Amount become final and binding on the Vendors and the Purchaser under this deed.

  • The Assigned Non-Transferred Lease Amount with respect to an Assigned Non-Trasnferred Lease shall be an amount equal to (i) the Non-Transferred Lease Adjustment Amount with respect to such Lease as had been determined in accordance with Section 2.10, minus an amount equal to (x) the Liquidated Damages Amount with respect to such Lease, divided by twenty-four (24), multiplied by (y) the number of months (pro rated for any partial month) between the Determination Date and the Assignment Date.

  • If the Vendors' Representatives do not dispute the Completion Accounts within ten Business Days after the date on which they are given a copy of the draft Completion Accounts (Final Objection Date) those accounts will be taken to be the final Completion Accounts and the amount of the Net Debt, the Completion Container Rental Equipment Amount, the Net Tangible Assets Amount, the Working Capital Amount and the K&S Lease Adjustment Amount in those accounts will be final and binding on the parties.


More Definitions of Lease Adjustment Amount

Lease Adjustment Amount means the amount set forth on Schedule 7.2(c).
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Related to Lease Adjustment Amount

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Adjustment Escrow Amount means $1,000,000.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Spread Adjustment means 100 basis points.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Adjusted Value as used in subdivision (d) means: