Restoration Award definition

Restoration Award means that portion of the Net Award equal to the cost of Restoration.
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Restoration Award as defined in Section 13(c).
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Examples of Restoration Award in a sentence

  • For purposes of determining the source of funds with respect to the disposition of funds remaining after the completion of Restoration, the Net Proceeds or the Restoration Award shall be deemed to be disbursed prior to any amount added by Tenant.

  • The Net Restoration Award shall be held by Lender in an interest bearing account, and until disbursed in accordance with the provisions of this paragraph, shall constitute additional security for the payment of the Debt.

  • Notwithstanding anything to the contrary contained in this paragraph, Lender shall not be obligated to make the Net Restoration Award available for the repair and restoration of the Taken Property in accordance with the provisions of this paragraph if more than 30% of the Property (as measured by area) is taken.

  • Any Mortgage to which this Lease is now or hereafter subordinate shall provide, in effect, that during the time this Lease is in force insurance proceeds and any Restoration Award shall be permitted to be used for Restoration in accordance with the provisions of this Lease.

  • Any Mortgage to which this Lease is now or hereafter subordinate shall provide, in effect, that during the time this Lease is in force insurance proceeds and Restoration Award shall be permitted to be used for Restoration in accordance with the provisions of this Lease.

  • The nominee may or may not be a participant in a project nominated for a Construction, Renovation or Restoration Award.

  • In this context the control system would arbitrarily choose one performance strategy from a set of manifolds or set of success-strategies, e.g. it chooses an arbitrary solution from a large set of joint angle combinations that all enable the arm to grasp the cup in one way or the other.These two concepts of synergies play a major role in many motor control theories and will be further discussed throughout this thesis.

  • The dual mixed formulation can then be written in terms of the global variables as follows: find (u, p) ∈ Vg × Q such that(κ−1u, v)Ω + (β−1u · n, v · n)Γ − (∇ · v, p)Ω = 0, (8a)(∇ · u, q)Ω = (f, q)Ω, (8b)for all (v, q) ∈ V0 × Q.

  • Furthermore, it has gained more awards for outstanding restoration of sites under the Sand and Gravel Association’s Restoration Award Scheme, than all but one of the association’s 90 producer member companies.

  • Notwithstanding anything to the contrary herein, if the Collateral Property affected by such Casualty or Condemnation is released pursuant to Section 2.16(c), then the Administrative Agent shall release to the Borrower any unapplied Net Proceeds or Net Restoration Award arising from such Casualty or Condemnation.

Related to Restoration Award

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Condemnation Award means all proceeds of any Condemnation or transfer in lieu thereof.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Award means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Cash Award means an award denominated in cash.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.