Recapture Rights definition

Recapture Rights mean the right of the Company to recapture the Policies and Post Closing Policies pursuant to Section 9.4 hereof.
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Recapture Rights. In the event Licensee fails to market any of the Licensed Products and/or any of the countries in the Territory and/or any of the Licensed Properties and or any of the Distribution Channels three (3) months after the Marketing Date, Licensor shall have the right to recapture such Licensed Product, country, Licensed Property and/or Distribution Channel from the rights granted under this Agreement without obligation to Licensee. Such recapture may take place on a Property-by-Property, Licensed Product-by-Licensed Product, country-by-country and/or Distribution Channel-by-Distribution Channel basis.
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Recapture Rights mean the right of either Seller to recapture the Policies and Post-Closing Policies pursuant to Section 9.07 hereof or Articles IX of the Coinsurance Agreements.
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Examples of Recapture Rights in a sentence

  • Zellers agrees to use commercially reasonable efforts to cooperate with Target Canada to avoid any Landlord Recapture Rights triggered solely because of the cessation of pharmacy operations at any Pharmacy Operations Release Property.

  • Recapture Rights In the event that you violate any of your obligations pursuant to the Confidentiality, Non-Competition, or Non-Solicitation provisions of this Agreement, you agree to return to the Company, within five days of receipt of written demand from the Company, any gains you realize from the sale of all or any portion of the RSUs during the 12 months immediately preceding such violation, and any remaining unsold portion of your RSUs shall be immediately and totally forfeited.

  • Recapture Rights In the event that you violate any of your obligations pursuant to the Confidentiality, Non-Competition, or Non-Solicitation provisions of this Agreement, you agree to return, within five days of receipt of written demand from the Company, any gains you realize from the exercise of all or any portion of the Option within the 6 months immediately preceding such violation, and any remaining portion of your Option shall be immediately forfeited, whether vested or unvested.

  • Within ten Business Days after Landlord receives a Preliminary Notice, Landlord shall notify Tenant whether Landlord would exercise its Recapture Rights under Section 14.7(a) with respect to the Premises or the portion thereof described in such Preliminary Notice if Tenant were to complete a Transfer of such Premises or portion thereof.

  • A list of the Asset Groups that are known to or are known to possibly include Recapture Rights, together with a brief description of each such Recapture Right, is set forth on Exhibit I attached hereto and made a part hereof.

  • Notwithstanding the foregoing, in the event that LESSEE desires to assign or sublet any portion of the Leased Premises, then LESSOR's Recapture Rights, as defined below, shall apply in each and every instance; provided however, notwithstanding any other provision of this section 12, LESSOR's Recapture Rights shall not apply to an Affiliate Transfer, or with respect to a proposed subletting of less than an aggregate of up to fifty (50%) percent of the Demised Premises to no more than two (2) subtenants.

  • The following services may be provided to eligible MSFWs which include the services WIOA requires NFJP to provide: Career Services• Grantees must provide the career services described in WIOA sec.

  • Buyer and Seller shall have (a) received all of the Required Leasehold Assignment Consents, and (b) either (i) Buyer and Seller shall have received consent from the Kukui Landlord to the assignment by Seller to Buyer, or (ii) the Kukui Landlord shall have exercised the Recapture Rights, or (iii) Buyer and Seller shall have entered into a management agreement for the Kukui Lease pursuant to Section 7.1.4.

  • Recapture Rights In the event that you violate any of your obligations pursuant to the Confidentiality, Non-Competition, or Non-Solicitation provisions of this Agreement, you agree to return, within five days of receipt of written demand from the Company, any gains you realize from the exercise of all or any portion of the Option within the 12 months immediately preceding such violation, and any remaining portion of your Option shall be immediately forfeited, whether vested or unvested.

  • Xxxxxxx agrees that any sub-sublease, assignment or other transfer of any interest in the Sublease Premises by Interwoven shall be exempted from, and shall not invoke, Xxxxxx'x right to recapture as set forth in Section 11.06 of the Master Lease "Lessor's Recapture Rights," including any relocated Sublease Premises to which Xxxxxxx has consented.


More Definitions of Recapture Rights

Recapture Rights. If Sublessee exercises its right to extend the Term through December 31, 2000, Sublessor may, by giving Sublessee not less than six (6) months' prior written notice, "recapture" the portion of the Premises identified on Exhibit A as the "Recapture Space". Sublessor hereby agrees that it shall exercise its recapture rights hereunder if, and only if, Sublessor reasonably and in good faith determines, at such time as Sublessor gives Sublessee notice of Sublessor's exercise of its recapture rights, that Sublessor has a need for, and intends to occupy and use, the Recapture Space for the conduct therein by Sublessor of its business. Upon Sublessor's exercise of its Recapture Rights hereunder, the Sublease shall be deemed terminated with respect to the Recapture Space on the effective date specified in Sublessor's recapture notice, and Base Rent and other charges and Sublessee's Share hereunder shall be equitably adjusted to reflect the reduction of Sublessee's usable square footage. Broker: Xxxxxx Xxxxx & X'Xxxxxx, Inc. and Xxxxx Xxxxxx Xxxxx and Partners, Incorporated Sublessee's Parking Rights: None.
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Related to Recapture Rights

  • Recapture Income means any gain recognized by the Partnership (computed without regard to any adjustment required by Section 734 or Section 743 of the Code) upon the disposition of any property or asset of the Partnership, which gain is characterized as ordinary income because it represents the recapture of deductions previously taken with respect to such property or asset.

  • Recapture Amount means, with respect to any Employment Violation by Grantee, the gross gain realized or unrealized by Grantee upon all vesting of Restricted Share Units or delivery or transfer of Vested Shares during the Look-back Period with respect to such Employment Violation, which gain shall be calculated as the sum of:

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • Cure Right shall have the meaning assigned to such term in Section 7.03.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Recapture Event means any of the following events:

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • land tenure right means an old order right or a new order right as defined in section 1 of the Communal Land Rights Act, 2004 (Act No.11 of 2004);

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Compensation Options has the meaning ascribed in Section 8.1.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Renewal Option has the meaning set forth in §12.1.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Incentive Distribution Right means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest).

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Appurtenant Rights means (i) all agreements, easements, rights of way or use, rights of ingress or egress, privileges, appurtenances, tenements, hereditaments and other rights and benefits at any time belonging or pertaining to the Land or the Improvements, including, without limitation, the use of any streets, ways, alleys, vaults or strips of land adjoining, abutting, adjacent or contiguous to the Land and (ii) all permits, licenses and rights, whether or not of record, appurtenant to the Land.

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Parking Spaces means spaces in or portion of the Ground Floor of the Building and also open spaces at the ground level of the said premises as expressed or intended by the Developer, at their sole discretion, for parking of motor cars/two wheelers etc.

  • Access Rights means licences and user rights to foreground or background;

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.