Salvage Costs definition

Salvage Costs means the fair market value of any existing improvements that are consistent with the design of the tenant improvements contemplated by Tenant which Tenant desires to retain therein upon taking possession of the Second Expansion Space as reasonably determined by Landlord and Tenant. The amendment shall attach a Work Letter Agreement similar to that attached hereto as Exhibit "C" for the construction of tenant improvements in the Second Expansion Space. If Landlord and Tenant, after good faith negotiations, do not execute the amendment within thirty (30) days after the date Landlord delivers a draft of the amendment to Tenant, Tenant's exercise of the Second Expansion Option shall be deemed null and void, and Landlord shall be free to lease the Second Expansion Space to third parties.
View Source

Examples of Salvage Costs in a sentence

  • Salvage Fund may be Insufficient -------------------------------- As indicated above, the Fund may be required to create a Salvage Fund to cover certain Anticipated Salvage Costs.

  • Section A: The replacement value of the property insured, with a separate and additional limit of 25% of insured values in respect of Removal of Debris and/or Wreck, and General Average Salvage Costs.

  • The Salvage Fund may be Insufficient to Cover Salvage Costs and the Fund may be Liable for the excess As indicated above, the Fund may be required to create a Salvage Fund to cover certain Anticipated Salvage Costs.

Related to Salvage Costs

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Direct Costs means the sum of the following:

  • Excess Costs means, in any Computation Period, the excess of Chargeable Costs associated with Assignee Minerals for that Computation Period over the amount determined by multiplying Assignor’s Net Share of Minerals produced during the Computation Period by the Sales Price for that Computation Period. Excess Costs shall bear interest at the Prime Interest Rate from the end of the Computation Period in which such costs were incurred to the date that Assignor recovers such amounts from Assignee Proceeds.