Supplemental Allowance definition

Supplemental Allowance. The amount of $150,710.00 (i.e., $10.00 for each rentable square foot of the Premises) which may be utilized by Tenant for the Construction Costs for the Tenant Improvements and any changes in the Tenant Improvements that are requested by Tenant pursuant to Section 8 below. In the event Tenant utilizes any portion of the Supplemental Allowance, Tenant shall repay the same to Landlord, as additional Monthly Base Rent, in substantially equal self-amortizing installments over the initial sixty (60) month Term of the Lease, together with interest on the balance outstanding from time to time at the rate of eight percent (8.0%) per annum. Promptly following the completion of the Tenant Improvements and the determination of the total amount of the Supplemental Allowance utilized by Tenant, Landlord and Tenant shall acknowledge the amortization payment in the Acknowledgement of Commencement Date Memorandum.

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Supplemental Allowance means (i) for the Canada Life Captive Financing and the RGA Captive Financing, 0, (ii) for the Swiss Re Captive Financing, for each Monthly Accounting Period prior to the expiration of the applicable Captive Financing Period, an amount equal to (A) the Supplemental Allowance Fee Rate for the Captive Reinsurer formed in connection with the Swiss Re Captive Financing as of the beginning of such Monthly Accounting Period, multiplied by (B) the Captive Asset Balance for the Captive Reinsurer formed in connection with the Swiss Re Captive Financing as of the beginning of such Monthly Accounting Period, multiplied by (C) 0.8, multiplied by (D) a fraction equal to 30 divided by 360 and (iii) for the Hannover Life Captive Financing, for each Monthly Accounting Period prior to the expiration of the applicable Captive Financing Period, an amount equal to the sum of (x) and (y) where (x) equals (A) the Supplemental Allowance Fee Rate for the Captive Reinsurer formed in connection with the Hannover Life Captive Financing as of the beginning of such Monthly Accounting Period, multiplied by (B) the Captive Asset Balance for the Captive Reinsurer formed in connection with the Hannover Captive Financing as of the beginning of such Monthly Accounting Period, multiplied by (C) 0.8, multiplied by (D) a fraction equal to 30 divided by 360 and (y) equals (A) 100 basis points, as may be reduced pursuant to the Excess Reduction Methodology multiplied by (B) the Hannover Captive Excess Collateral as of the beginning of such Monthly Accounting Period, multiplied by (C) a fraction equal to 30 divided by 360. The aggregate Supplemental Allowance for all Captive Financings will be included as part of the calculation of the Net Settlement.

Supplemental Allowance has the meaning given in Item 4C of the Summary of Basic Terms.

Examples of Supplemental Allowance in a sentence

In addition, a Regular employee who has completed six (6) consecutive months of continuous employment with the Company and who meets the conditions of eligibility contained in the applicable Company practices, shall receive an allowance under the Supplemental Allowance Plan in accordance with these same practices.
In addition, a regular employee who has completed six (6) consecutive months of continuous employment with the Company and who meets the conditions of eligibility contained in the applicable Company practices shall receive an allowance under the Supplemental Allowance Plan in accordance with these same practices.
If you get any cash value allowances for off-base housing, food, or clothing, or receive Family Subsistence Supplemental Allowance payments, it must also be included as income.
In addition, a regular employee who has completed six (6) consecutive months of continuous employment with the Company and who meets the conditions of eligibility contained in the applicable Company practices, shall receive an allowance under the Supplemental Allowance Plan in accordance with these same practices.
Such written request shall specify the maximum amount of the Supplemental Allowance desired.
The amount of such Supplemental Allowance to be determined by multiplying the Supplemental Benefit Rate as set forth in the Pension Benefit Rates according to Article XV by the number of years of credited service up to a maximum of thirty years of service less the amount of any Statutory Benefit to which the may be or becomes eligible for prior to his Old Age Security Date, excluding any reduced regular benefit the may be in receipt of.
In addition, the long-term disability payment shall be reduced by the amount payable to such Employee for each month under the provisions of the Retirement Plan, as computed under the Retirement Plan; provided, however, that any Supplemental Allowance (as defined in the Retirement Plan) available to early retirees under the terms of the Retirement Plan shall not be taken into account in reducing amounts due hereunder.
The Supplemental Allowance shall be disbursed in the same manner and upon the same conditions as the Tenant Improvement Allowance.
Landlord shall have no obligation to disburse any portion of the Supplemental Allowance in excess of the amount so requested by Tenant.
Employees will be eligible to receive a Supplemental Allowance under the terms and conditions of the Company’s policy.

More Definitions of Supplemental Allowance

Supplemental Allowance means those portions of retirement benefits, consisting of the early retire- ment supplement, interim supplement, age-service supplement and lifetime supplement, provided in accordance with the provisions of Article VI. Unless otherwise expressly provided, a Supplemental ▇▇- ▇▇▇▇▇▇▇ is subject to the provisions of the Plan applicable generally to retirement benefits payable from the Pension Fund.

Supplemental Allowance. The amount of $97,194.00 (i.e., $6 for each square foot of leased Rentable Area) which may be utilized by Tenant for the Construction Costs for the Tenant Improvements, any changes in the Tenant Improvements that are requested by Tenant pursuant to Section 8 below, moving expenses (including expenses associated with closing down its current facilities), telecommunications or other cabling, or as an offset against future Minimum Monthly Rent becoming due under this Lease. Any portion of the Supplemental Allowance which Tenant requests to be used for moving expenses or telecommunications or other cabling shall be paid to Tenant within thirty (30) days following the later to occur of (i) Landlord’s receipt of documentary evidence reasonably satisfactory to Landlord of Tenant’s expenditures for the work subject to reimbursement; and (ii) Landlord’s receipt of final, unconditional lien releases in form and content satisfactory to Landlord from all persons or entities providing labor and/or materials in connection with the work that is subject to reimbursement.

Supplemental Allowance. As defined in Section 2.2.