Lieu definition

Lieu. Day (a) works her scheduled shift immediately prior to and immediately following the Holiday except where the Employee is absent due to illness or other reasons acceptable to the Employer; (b) works on the Named Holiday when scheduled or required to do so.
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Lieu amounts are based upon a valuation of the Borrower's common stock of $0.15 per share. In the event that any Strategic Initiative is consummated at a valuation in excess of $0.15 per share of Borrower's common stock (such valuation to be determined by Agent and Banks in their sole discretion, each a "Valuation Event"), the "fee in lieu" amount with respect to warrants to be issued subsequent to the date of such Valuation Event will be proportionately increased based upon such higher per-share valuation, provided, however, that any consummation of a Strategic Initiative at a valuation of less than $0.l5 per share of Borrower's common shall have no effect on the "fee in lieu" amount. Upon the occurrence of any new Event of Default resulting from a missed payment or acceleration of the Revolving Credit Loans, all remaining unvested warrants will immediately vest.
Sample 1
Lieu means leave with pay taken in lieu of a cash payment. "Manager" means the Secretary Manager of the Association. be regarded as permissive and "Shall" and "Will" as imperative.
Sample 1

Examples of Lieu in a sentence

  • Ex. Foreclosure, Short Sale, Third Party Sale, Deed In Lieu, etc.

  • The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement.

  • For annual accounts: if you cancel your account within six months of your start‐of‐service date, you are liable for a $150 early cancellation fee.

  • This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax and Special Source Credit Agreement or a summary compliant with Section 12-44-55 of the Code.

  • The following is a summary of the key provisions of this Fee in Lieu of Tax and Special Source Credit Agreement.

  • The Payment in Lieu of Notice shall be paid on such date as is required by law, but no later than thirty (30) days after the date of the Executive’s Separation from Service.

  • The account for the use and benefit of the City shall be funded with the proportionate amount to which the In Lieu Payments are attributable to property taxes which would otherwise be owed to the City, and the account for the use and benefit of the County shall be funded with the proportionate amount to which the In Lieu Payments are attributable to property taxes which would otherwise be owed to the County.

  • Transportation: Give Mode and Place of Direct Shipment to Canada Transport: Preciser mode et Lieu d'epcedition directe vers le Canada Via Ground, Desert City, Sahara 10.

  • This Disclosure Document is neither a Prospectus nor a Statement in Lieu of Prospectus and is prepared in accordance with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular no.

  • By this reference, Document 00680 (Escrow Agreement for Security Deposits in Lieu of Retention) is incorporated in full in this Document 00100.


More Definitions of Lieu

Lieu means any mortgage, attachment, claim, charge (fixed or floating), pledge, lien, option, right to acquire, right of pre-emption, assignment by way of security or trust agreement for the purpose of providing Lien of any kind (including any retention arrangement) or any other encumbrances having similar effect, or any agreement to create any of the foregoing,
Sample 1
Lieu means leave with pay taken in lieu of a cash payment; "Committee" means the Committee; "Day of Rest" in relation to an employee means a day other than a holiday on which that employee is not required to perform the duties of position other than by reason of his being on leave of absence; means the appointment of an employee for reasons of incompetence or incapacity, to another position for which the maximum pay is less than that of his former position;
Sample 1
Lieu means the equivalent leave with pay take in lieu of cash payment; means the Senior Administrative Officer; shall be regarded as permissive and and as imperative; Fees" means the fees established pursuant to the By-Laws of the Union as the fees payable by the members of the Bargaining Unit, and shall not include any initiation fee, insurance premium, or any special levy;
Sample 1
Lieu means, with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or any interest of title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with respect to any property or asset of such Person (including in the case of Stock, stockholder agreements, voting trust agreements and all similar arrangements).
Sample 1
Lieu means any mortgage, deed of trust, pledge, charge, encumbrance, security interest, collateral assignment or other lien or restriction of any kind.
Sample 1
Lieu. Day A full-time employee shall be entitled to a day off with pay on or for a Named Holiday provided the employee:
Sample 1

Related to Lieu

  • Substitution or “substitute” shall mean materials, products, equipment, assemblies, or installation methods deviating in at least one characteristic (physical, functional, or aesthetic) from those specified, but which in the opinion of the bidder would improve competition and/or enhance the finished installation. Acceptance of substitution is subject to the approval of the Designer and owner.

  • Other Consideration means cash and/or any securities (other than New Shares) or assets (whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party).

  • Upon receipt of Proper Instructions", as defined in Section 5 of this Contract, together with a certified resolution of the Fund's Board of Trustees, the Custodian and the Fund may agree to amend Schedule A hereto from time to time to designate additional foreign banking institutions and foreign securities depositories to act as sub-custodian. Upon receipt of Proper Instructions, the Fund may instruct the Custodian to cease the employment of any one or more such sub-custodians for maintaining custody of the Portfolio's assets.

  • Destroyed means incinerated, tilled under the soil, made into compost, or another manner approved by the department.

  • Replacement shall have the meaning assigned to it in Section 4.8.

  • Cancellation means an end to the Contract affected pursuant to a right which the Contract creates due to a Breach.

  • Cash means, as to the Capital Account, cash or other property (other than Securities) on hand in the Capital Account or receivable and to be credited to the Capital Account as of the Evaluation Time on the Business Day preceding the Trade Date (other than amounts to be distributed solely to persons other than persons receiving the distribution from the Capital Account as holders of Additional Units created by the deposit), and, as to the Income Account, cash or other property (other than Securities) received by the Trust as of the Evaluation Time on the Business Day preceding the Trade Date or receivable by the Trust in respect of dividends or other distributions declared but not received as of the Evaluation Time on the Business Day preceding the Trade Date, reduced by the amount of any cash or other property received or receivable on any Security allocable (in accordance with the Trustee's calculation of the monthly distribution from the Income Account pursuant to Section 3.05) to a distribution made or to be made in respect of a Record Date occurring prior to the Trade Date. Each deposit made pursuant to this Section 2.05 shall replicate, to the extent practicable, the portfolio immediately prior to such deposit.

  • Consideration has the meaning set forth in Section 2.2.

  • Base Consideration has the meaning set forth in Section 1.2.

  • Apportionment Fraction With respect to each Class of Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Senior Certificates of any Certificate Group have been reduced to zero, a fraction the numerator of which is equal to the sum of the Subordinate Optimal Principal Amount of the Loan Group (or Groups) related to such Certificate Group (or Groups), and the denominator of which is equal to the Aggregate Subordinate Optimal Principal Amount.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • PO Fraction With respect to any Discount Mortgage Loan, the difference between 1.0 and the Non-PO Fraction for such Mortgage Loan; with respect to any other Mortgage Loan, zero. Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan. Pool Balance (PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

  • Convenience fee means a fee charged to the cardholder for the convenience to that cardholder of using a particular method of payment in a credit or debit card transaction in accordance with the network regulations governing that transaction.

  • Scheme Consideration means, in respect of:

  • Replacement unit means a landfill, surface impoundment, or waste pile unit from which all or substantially all of the waste is removed, and which is subsequently reused to treat, store, or dispose of hazardous waste. Replacement unit does not include a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with a closure or corrective action plan approved by USEPA or the Agency.

  • Share Consideration has the meaning given to it in Section 2.2;

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions.

  • Cash Equivalent means an evidence of indebtedness that has a remaining term to maturity of 365 days or less and that is issued, or fully and unconditionally guaranteed as to principal and interest, by

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Deed means a quitclaim deed(s) substantially in the form set out in the attached

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Substitution Amount The amount, if any, by which the Scheduled Principal Balance of a Deleted Mortgage Loan exceeds the Scheduled Principal Balance of the related Qualifying Substitute Mortgage Loan, or aggregate Scheduled Principal Balance, if applicable, plus unpaid interest thereon, any related unpaid Advances or Servicing Advances or unpaid Servicing Fees and the amount of any costs and damages incurred by the Trust Fund associated with a violation of any applicable federal, state or local predatory or abusive lending law in connection with the origination of such Deleted Mortgage Loan.

  • Foreclosure means the process culminating in the acquisition of title to a Mortgaged Property in a foreclosure sale or by a deed in lieu of foreclosure or pursuant to any other comparable procedure allowed under Applicable Requirements.

  • Pro Rata Fraction means a fraction, the numerator of which shall be equal to the number of days between the Grant Date and the Participant’s Date of Termination and the denominator of which shall be 1095.

  • Substitution Shortfall Amount As defined in Section 2.03(d).