Examples of Property Termination Date in a sentence
The Glossary is hereby amended by deleting the following definitions therefrom: Bankruptcy Event, CD, Designated Value, Designs Transferor, Excess Cash, Fundamental Change, Liquidator, Minimum Value, OLS Opportunity, Outlet Opportunity, Outlet Value, Party, Parties, Profitable OLSs, Purchasing Partner, Qualified Transferee, Reputation Event, Selling Partner, Subject Property, Termination Date, Transfer, Transferee, Trigger Notice and Unauthorized Termination.
From and after the Property Termination Date with respect to a Property, the Base Annual Rental shall be reduced by an amount equal to the product of (i) Applicable Rent Reduction Percentage for such Property, and (ii) the Base Annual Rental in effect immediately preceding the Property Termination Date.
From and after the Closing Date through the Owned Property Termination Date, Agent shall bear all carrying costs with respect to each such Owned Property as an Expense hereunder.
If, prior to the Subject Property Termination Date, Coca Cola sells the Subject Property, then the Buyer shall calculate the Net Subject Property Per Share Amount, and Coca Cola shall promptly deposit 92.5% of the Net Subject Property Amount in the Coca Cola OPA Trust and 7.5% of the Net Subject Property Amount in the Coca Cola Holdback Trust.
At any time prior to the expiration of the Leased Property Termination Date with respect to any Lease covering a TWEC Store, TWEC may direct Agent to commence a Store Closing Sale at such TWEC Store and the provisions of the Order and this Agreement relating to the Store Closing Sales generally shall apply to such Store Closing Sale.
Merchant shall continue until the the Owned Property Termination Date and the Leased Property Termination Date, in such amounts as it currently has in effect, fire, flood, theft and extended coverage casualty insurance covering the Merchandise in a total amount equal to no less than the cost value thereof.
Notwithstanding any provision contained in this Master Lease to the contrary, Tenant shall not have any obligation to restore any casualty damage or condemnation to any Terminated Property, and shall be entitled to terminate this Master Lease with respect to such Terminated Property on the earlier of (a) any date otherwise provided in Section 12.6 or 12.7, as the case may be, and (b) any applicable Terminated Property Termination Date, upon payment of the applicable Terminated Property Termination Fee.