Proposed Transfer Premises definition

Proposed Transfer Premises shall have the meaning provided in Section 10.03. “Replacement Value” shall be deemed to be an amount equal to the costs of replacing the Improvements on the Property with new Improvements that contain the same number of Residential Units of substantially equal quality and character. Within ten (10) days after Substantial Completion, Tenant shall deliver an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Sixty (60) days prior to the tenth (10th) anniversary of the date of Substantial Completion and each subsequent tenth (10th) anniversary thereafter for the Term of this Lease, Tenant shall provide an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Such estimate shall determine the current cost (including all hard and soft costs) of rebuilding the entire Project, without regard to depreciation of the Project, which amount shall then be deemed to be the Replacement Value. The amount of Replacement Value shall be adjusted on each anniversary of the initial determination of Replacement Value and of each subsequent decennial redetermination of Replacement Value throughout the Term by a percentage equal to the percentage change in the appropriate index in the Dodge Building Cost Index (or such other published index of construction costs which shall be selected from time to time by the FCRHA, provided that such index shall be a widely recognized measure of construction costs in the insurance industry and appropriate to the type and location of the Project) in effect on such anniversary date as compared to the same index in effect on the date of Substantial Completion or prior redetermination, whichever is latest.
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Proposed Transfer Premises has the meaning provided in Section 10.03.
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Proposed Transfer Premises shall have the meaning provided in Section 10.03. [“Public Use Improvements” shall mean the baseball field, grandstand and other locations, as further identified in Exhibit B.][ FORM COMMENT – MAY OR MAY NOT BE INCLUDED IN A PARTICULAR LEASE, BUT WILL BE INCLUDED IN AT LEAST ONE LEASE AND DEPENDS ON HOW AND WHEN CLOSINGS OCCUR.] “Replacement Value” shall be deemed to be an amount equal to the costs [of replacing the Improvements on the Property with new Improvements that contain the same number of [Residential Unit] (including any required Affordable Dwellings) of substantially equal quality and character (taking into consideration that: (i) certain characteristics regarding the historic nature of the Buildings cannot be replaced; and (ii) any existing Deed Restrictions may prevent the construction of such [Residential Units/Buildings/Public Improvements]), to the extent that such costs can be covered by a standard fire insurance policy. Within ten (10) days after Substantial Completion, Tenant shall deliver an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Sixty (60) days prior to the tenth (10th) anniversary of the date of Substantial Completion and each subsequent tenth (10th) anniversary thereafter for the Term of this Lease, Tenant shall provide an estimate of or statement with respect to the Replacement Value prepared by the insurer(s) of the Project or another disinterested insurance provider. Such estimate shall determine the current cost (including all hard and soft costs) of rebuilding the entire Project, without regard to depreciation of the Project (and without taking into consideration that any existing Deed Restrictions may prevent the construction of the Project), which amount shall then be deemed to be the Replacement Value. [FORM COMMENT – THIS WILL HAVE TO BE TAILORED TO EACH LEASE, DEPENDING ON WHAT IS BEING LEASED (e.g. the reformatory buildings, the chapel, the Power Plant, etc.)] The amount of Replacement Value shall be adjusted on each anniversary of the initial determination of Replacement Value and of each subsequent decennial redetermination of Replacement Value throughout the Term by a percentage equal to the percentage change in the appropriate index in Xxxxxx’x Building Estimators Reference Book by the Xxxxx X. Xxxxxx Company (or such other published index of construction costs which shall be selected from time to time by Land...
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Examples of Proposed Transfer Premises in a sentence

  • IfTenant would like to make a Permitted Transfer with respect to all or any portion of the Premises (the “Proposed Transfer Premises”) pursuant to the terms and conditions of this Article 10, Tenant will promptly give Landlord notice of such election and will first offer to transfer the Proposed Transfer Premises to Landlord or an Affiliate of Landlord pursuant to the terms of this Section 10.03.

Related to Proposed Transfer Premises

  • Proposed Transfer Notice means written notice from a Key Holder setting forth the terms and conditions of a Proposed Key Holder Transfer.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.

  • Proposed Transaction is defined in Section 6.2(a).

  • Proposed Project SCHEDULE: (edit schedule below as appropriate) Project Event Completion Date Pre-bid Meeting Questions Due Proposals Due Begin Work Programming Phase Permitting Phase Schematic Design Phase Design Development Phase Construction Documents Phase Bidding or Negotiation Phase Construction Administration 1-Year Warranty

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Collocation Space means an area of space located in a Building to be used by CLEC to house telecommunications equipment. Additionally, roof or wall space used for wireless interconnection shall be included in the definition where applicable.

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.

  • Usable space means all the space on a pole, except the portion below ground level, the 20 feet of safety clearance space above ground level, and the safety clearance space between communications and power circuits. There is a rebuttable presumption that six feet of a pole are buried below ground level.

  • Proposed Sale shall have the meaning set forth in Section 4.2(a).

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.

  • Signaling Transfer Point (“STP”) means a signaling point that performs message routing functions and provides information for the routing of messages between signaling points within or between CCIS networks. An STP transmits, receives and processes CCIS messages.

  • School premises means either of the following: