New PIP definition

New PIP shall have the meaning set forth in the Mortgage Loan Agreement.
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New PIP shall have the meaning set forth in Section 9.9 hereof.
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New PIP means any new or current PIP issued by a Franchisor with respect to a Property subsequent to the acquisition of such Property by an Acquired Company, but only to the extent that the matters specified by the PIP are required by Franchisor to be completed by the date which is twelve (12) months after the Closing Date.
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Examples of New PIP in a sentence

  • For purposes of this Section 3.10, “Costs of New PIP Work” shall mean the costs of installing all of the improvements required by the New PIPs regardless of the date when installation thereof is required.

  • Parent shall be responsible for the first Ten Million Dollars ($10,000,000) in the aggregate of (i) Costs of New PIP Work required pursuant to the New PIPs and (ii) the costs of completing the existing requirements of the applicable Franchisor of the Atlanta Marriott Century Center (the “Costs of the Atlanta Work”) (together, the Costs of New PIP Work and the Costs of the Atlanta Work, are referred to as the “Costs of Post-closing PIP Work”).

  • For purposes of this Section, “Costs of New PIP Work” shall mean the costs of installing all of the improvements required by the New PIPs, as determined in good faith by mutual agreement of Parent and the Company Parties prior to the Closing Date, based upon such reasonable construction estimates as the parties may obtain from qualified contractors.

  • The Costs of the Atlanta Work shall be determined in the same manner as the Costs of New PIP Work.

  • Except as otherwise provided in this Section 3.10, the RLJ REITs shall be responsible for completing any work currently required pursuant to existing PIPs, provided that if any such work is not completed by the Closing Date, the RLJ REITs shall give Parent a credit in the amount of the cost of completing the uncompleted existing PIP work, such cost to be determined in the same manner as set forth above with respect to calculating the Cost of New PIP Work.

  • After the initial assessment of a New PIP application, we may request that you consider modifications to your proposed PIP.

  • This does not fairly recognize the context of BCLC’s initial briefing – that is, a high-level orientation briefing – or the circumstances at this time.

  • Provided no Event of Default has occurred and is continuing, upon Lender’s receipt of evidence reasonably satisfactory to Lender that the New PIP has been completed and paid for in full or will be paid for in full upon such disbursement, in a good, workmanlike and lien free manner in accordance with applicable Legal Requirements and the terms and conditions hereof and of the other Loan Documents, Lender shall release the PIP Deposit Amount to or as directed by Borrower.

  • New PIP districts are most appropriately located in areas with convenient access to arterial streets and preferably with access to rail lines.

  • Borrower shall be required to deposit any PIP Reserve True-Up in connection with such New PIP pursuant to the terms of Section 6.7.1 hereof.


More Definitions of New PIP

New PIP. ’ means a PIP with an active ingredient that has not been registered.
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New PIP means any PIP other than the Scheduled PIP.
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New PIP shall have the meaning set forth in Section 4.1.22(e) hereof.
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Related to New PIP

  • co-pilot means a pilot operating other than as pilot-in-command, on an aircraft for which more than one pilot is required, but excluding a pilot who is on board the aircraft for the sole purpose of receiving flight instruction for a licence or rating.

  • New Company has the meaning given to it in Clause 21.3 of the Trust Deed;

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • GP means Gottbetter & Partners, LLP.

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • CRP means a research or other program for coordinated implementation of the SRF by the Centers and other CGIAR Doers submitted by the Consortium that has been approved by the Fund Council, most of which are expected to be proposed by the Consortium and approved by the Fund Council as eligible to receive Window 2 subaccount funding (formerly MPs).

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Garden State Growth Zone or "growth zone" means the four

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Partnership Agreement means that certain First Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of the date hereof, as amended from time to time.

  • Sponsorship Agreement means a document that estab- lishes an advanced licensee as a sponsor for a basic licensee.

  • Public-private partnership agreement means an agreement

  • Surviving General Partner has the meaning set forth in Section 7.01(d) hereof.

  • Private Cloud System (PCS) A cloud infrastructure provisioned for exclusive use by a single organization comprising multiple consumers (e.g., business units). It may be owned, managed, and operated by the Requester, a third party, or some combination of them, and it may exist on or off premises.

  • Holdings LLC Agreement means the Third Amended and Restated Limited Liability Company Agreement of Holdings, dated on or about the date hereof, as such agreement may be amended from time to time.

  • Partnership Agreements means, collectively, all of the Partnership Agreements.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Membership Agreement means an agreement in the form of the Gas Supply Hub Membership Agreement in schedule 1.