Lieu definition

Lieu. Day A Full-Time Employee shall be entitled to a day off with pay on or for a Named Holiday provided the Full-Time Employee:
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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.
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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,
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Examples of Lieu in a sentence

  • Notary Public My Commission expires: Reference is hereby made to that certain Payment in Lieu of Taxes Agreement, as amended (collectively, the “PILOT Agreement”) by and among the City of Overland Park, Kansas (the “City”), Overland One, LLC (“Owner”) and Creative Planning, LLC, as successor-in-interest to Creative Planning, Inc.

  • Section In Lieu Of Vacation Pay in lieu of vacation for earned vacation in excess of weeks per calendar year, or any portion thereof, may be granted to an individual employee at the employee's option.

  • Cash In Lieu ("CIL") available to eligible employees hired prior to 1/1/01.

  • COUNTY OF JOHNSON ) The foregoing instrument was acknowledged before me on , 2023, by Xxxxxx Xxxxx, as Director of Legal Services of Creative Planning Legal, P.A. Notary Public My Commission expires: Reference is hereby made to that certain Payment in Lieu of Taxes Agreement, as amended (collectively, the “PILOT Agreement”) by and among the City of Overland Park, Kansas (the “City”), Overland One, LLC (“Owner”) and Creative Planning, LLC, as successor-in-interest to Creative Planning, Inc.

  • Fees in Lieu of Notice means Fees in full at the rate applicable for the next Term following withdrawal by the parents on less than the period of Notice as stated elsewhere in these terms and conditions.

  • The Payment in Lieu of Tax Agreement (“PILOT Agreement”) authorized in the Resolution shall require the Company to make payments in lieu of real estate taxes in accordance with the formula more particularly set forth on Schedule A.

  • Lieu days as in Article and shall be taken within ninety days of the day on which the actual paid holiday falls.

  • Effective January 1, 2019 the $500 / $1000 deductible will be the responsibility of the teacher OR Cash In Lieu of health insurance.

  • Notary Public My Commission Expires: Reference is hereby made to that certain Payment in Lieu of Taxes Agreement, as amended (collectively, the “PILOT Agreement”) by and among the City of Overland Park, Kansas (the “City”), Overland One, LLC (“Owner”) and Creative Planning, LLC, as successor-in-interest to Creative Planning, Inc.

  • Dated: October , 2020 WYOMING COUNTY INDUSTRIAL DEVELOPMENT AGENCY By: Name: Xxxxx Xxxxxx Title: Executive Director Dated: October _29 , 2020 ORANGEVILLE ENERGY STORAGE LLC By: Name: Title: Xxxxx Xxxxxx Vice President SCHEDULE A Payment in Lieu of Tax Schedule Payments in lieu of general levy real estate taxes (“PILOT Payments”) will be due and payable as follows: with respect to the Town and County by February 15, and with respect to the School District by October 15.


More Definitions of Lieu

Lieu means any mortgage, deed of trust, pledge, charge, encumbrance, security interest, collateral assignment or other lien or restriction of any kind.
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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.
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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;
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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;
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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).
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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).

  • Destroyed means more than 60% of the upright supports of a sign structure are physically damaged such that normal repair practices of the industry would call for, in the case of wooden sign structures, replacement of the broken supports and, in the case of a metal sign structure, replacement of at least 25% of the length above ground of each broken, bent, or twisted support. A sign will not be considered “destroyed” within the meaning of this section where the destruction is caused by vandalism or other criminal or tortious act.

  • 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 2.2.

  • 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.

  • 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 Exhibit C.

  • Option Consideration has the meaning set forth in Section 2.3(a).

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.