Termination Consideration definition

Termination Consideration means an amount equal to the sum of: (A) the unamortized portion of the brokerage commissions paid or incurred by Landlord in connection with this Lease pertaining to the applicable Terminated Space (including in connection with any First Offer Space leased by Tenant pursuant to Section 1.4 above); plus (B) the unamortized portion of the Tenant Improvement Allowance paid or provided by Landlord for the Terminated Space (and any allowance/improvement costs provided by Landlord to Tenant in connection with the First Offer Space leased by Tenant pursuant to Section 1.4 above); plus (C) the unamortized amount of the Abated Rent (as defined in Section 3.3 below) applicable to the portion of the Terminated Space; plus (D) an amount equal to two (2) months of Base Rent calculated at the rate of Thirty and 70/100 Dollars ($30.70) per rentable square foot (but calculated on a monthly basis) of the Terminated Space for Tenant’s first termination right (set forth in clause (i) above) and at the rate of Thirty-Two and 10/100 Dollars ($32.10) per rentable square foot (but calculated on a monthly basis) of the Terminated Space for Tenant’s second termination right (set forth in clause (ii) above) and at the rate of Thirty-Three and 50/100 Dollars ($33.50) per rentable square foot (but calculated on a monthly basis) of the Terminated Space for Tenant’s third termination right (set forth in clause (iii) above). The brokerage commissions, Tenant Improvement Allowance and Abated Rent with respect to the Terminated Space leased by Tenant shall all be amortized on a straight-line basis over the scheduled initial one hundred twenty-eight (128) month Lease Term, together with interest at the rate of seven percent (7%) per annum, and the unamortized portion thereof shall be determined based upon the unexpired portion of such initial one hundred twenty-eight (128) month Lease Term as of the applicable Termination Date. The unamortized portion of the costs of any abated rent, brokerage commissions and tenant improvement costs/allowance, if any, paid for or provided by Landlord to Tenant for any First Offer Space leased by Tenant pursuant to Section 1.4 shall be amortized on a straight-line basis over the scheduled initial term of the lease of the First Offer Space, together with interest at the rate of seven percent (7%) per annum, and the unamortized portion thereof shall be determined based upon the unexpired portion of such initial lease term for such First Offer Space as of th...
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Termination Consideration means an amount equal to six (6) months of Monthly Basic Rent due hereunder by Tenant calculated at the rate otherwise payable by Tenant for the six (6) months after the Termination Date (subject to adjustment pursuant to Section 1.5 of the Construction Rider attached to the Lease as Exhibit B ); provided, however, that in the event that Tenant has, prior to or concurrent with the delivery of the Termination Notice, entered into a new lease with Landlord for separate space located within the Project that is more than 12,109 square feet of rentable area, then the Termination Consideration shall be deemed delivered. If Tenant properly and timely exercises the Termination Option, this Lease shall expire at midnight on the Termination Date (except for those terms and provisions of the Lease that expressly survive the expiration or sooner termination of this Lease), and Tenant shall be required to surrender the Premises to Landlord on or prior to the Termination Date in accordance with the applicable provisions of this Lease.
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Termination Consideration means an amount equal to the sum of: (A) the unamortized portion of the brokerage commissions paid or incurred by Landlord in connection with this Lease; plus (B) the unamortized portion of any Tenant Improvement costs paid by Landlord for the Premises; plus (C) an amount equal to three (3) months of Base Rent (i.e., an amount equal to One Hundred Twenty-Two Thousand Three Hundred Fifty-Six and 20/100 Dollars ($122,356.20)). The brokerage commissions, Tenant Improvement costs and the Allowance shall all be amortized in monthly installments on a straight-line basis over the scheduled initial seventy-two (72) month Lease Term, together with interest at the rate of eight percent (8%) per annum, and the unamortized portion thereof shall be determined based upon the unexpired portion of such initial seventy-two (72) month Lease Term as of the Termination Date. If Tenant properly and timely exercises its termination option in this Section 3.2 in strict accordance with the terms hereof, this Lease shall expire at midnight on the Termination Date, and Tenant shall be required to surrender the Premises to Landlord on or prior to the Termination Date in accordance with the applicable provisions of this Lease. The termination right set forth in this Section 3.2 is personal to the original Tenant executing this Lease ("Original Tenant") and may only be exercised by the Original Tenant (and not any assignee sublessee or other transferee of Original Tenant's interest in this Lease). Upon termination of this Lease pursuant to this Section 3.2, the parties shall be relieved of all further obligations under this Lease except for those obligations under this Lease which expressly survive the expiration or sooner termination of this Lease, and Landlord will return the Security Deposit to Tenant in accordance with Article 10 below.3.3
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Examples of Termination Consideration in a sentence

  • On the day that is the first business day after the first anniversary of the IPO, the Company will deliver the Option Termination Consideration to the Option Holder.

  • Upon the occurrence of the IPO, the Options held by the Option Holders shall be automatically terminated and of no further force and effect, and neither the Company nor the Option Holder shall have any further rights or obligations under the Plan or with respect to the Options other than to make or receive the payment of the Option Termination Consideration as provided herein.

  • The Additional Severance and PSU Termination Consideration provisions set forth in Sections 10(c)(iv) and 10(c)(v)b.

  • Following the Effective Time the holders of Company Stock Rights shall have no further rights with respect thereto other than to receive the Stock Right Termination Consideration, if any, as provided herein.

  • Notwithstanding the foregoing, none of Parent, the Surviving Corporation, or the Paying Agent shall be liable to any holder of a Certificate for Merger Consideration, or to any holder of a Deferred Stock Unit or a Company Stock Option for Option Termination Consideration, delivered to a public official pursuant to any applicable abandoned property, escheat, or similar law.

  • Tenant’s exercise of the Termination Right is contingent upon (i) Tenant’s delivery to Landlord on or before the date which is twelve (12) months prior to the Termination Date, written notice of Tenant’s exercise of such right (the “Termination Notice”), and (ii) Tenant’s payment to Landlord of the Termination Consideration (as defined below).

  • Tenant acknowledges and agrees that (i) the Termination Consideration is fully-earned by Landlord as consideration for, and as a condition to, Landlord’s agreement to terminate the Leases pursuant to this Agreement, and (ii) Landlord would not have entered into this Agreement and agreed to terminate the Leases but for Tenant’s agreement to pay Landlord the Termination Consideration.

  • I further agree (a) to accept the Option Termination Consideration for all of my Covered Options in full satisfaction of all my rights under the Covered Options, and (b) that, without limitation, subject to receipt of the Option Termination Consideration for the Covered Options, such Covered Options and the Option Agreements will be cancelled and will terminate at the Effective Time.

  • The decrease was largely due to payment of interim dividend for FY2013 of S$11.72 million on 22 May 2014, payment of Termination Consideration of S$13.75 million due to the former Investment Manager (See Note 6 on page 2) and total new investments of S$29.64 million.

  • At Tenant’s request prior to the Early Termination Notice (which request shall describe the Termination Portion), Landlord shall notify Tenant of the total amount of the Termination Consideration (showing the above calculations in reasonable detail) applicable to the Termination Portion (to the extent that the Amortization Period as to the Termination Portion is then known).


More Definitions of Termination Consideration

Termination Consideration means the sum, if any, paid by the Existing Tenant to Landlord as consideration for the early termination of the Existing Lease.
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Termination Consideration means an amount equal to eighteen (18) monthly installments of Base Rent applicable to the Leased Premises leased by Tenant as of the Termination Date, at the rate which would have been in effect for the eighteen (18) month period immediately following the Termination Date had this Lease not been terminated as provided herein. If Tenant properly and timely exercises the termination option in this Section 2.4, this Lease shall expire at midnight on the Termination Date, and Tenant shall be required to surrender the Leased Premises to Landlord on or prior to such Termination Date in accordance with the applicable provisions of
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Termination Consideration means the amount of $764,158.99.
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Termination Consideration means all pre-tax income realized by the Executive or his designees (or by any custodian holding stock for the benefit of the Executive or his designees) at any time following the Effective Date of this Agreement as a result of (a) the sale or transfer of any stock of Walco International Holdings, Inc. or (b) the sale or transfer of any equity in any successor in interest to the Company to the extent that such equity interest is obtained by the Executive as a direct result of a rollover of the Executive’s stock in Walco International Holdings, Inc. If, after thirty (30) days following the latter of termination and Change of Control, the “Termination Consideration” does not equal at least $100,000.00, the Company will, within thirty (30) days, pay the Executive an amount equal to the difference between $100,000.00 and the “Termination Consideration” previously paid by the Company. If a Change of Control occurs and if the Executive’s employment with the Company is terminated prior to the date upon which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment was (i) at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the Change in Control shall be deemed to have occurred on the date immediately prior to the date of such termination of employment.
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Termination Consideration has the meaning set forth in Section 6.1 hereof.
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Termination Consideration means an amount equal to (i) seven (7) months of monthly Base Rent calculated based on the seven (7) month period following the Termination Date (i.e., months 37 – 43 which equals Two Hundred Forty-Six Thousand Seven Hundred Ninety Nine and 56/100 Dollars ($246,799.56) in the aggregate) and (ii) Landlord’s estimate of Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs that would have been payable by Tenant for months 37 – 44 of the initial Lease Term. If Tenant properly and timely exercises its termination option in this Section 2.2 in strict accordance with the terms hereof, this Lease shall expire at midnight on the Termination Date, and Tenant shall be required to surrender the Premises to Landlord on or prior to the Termination Date in accordance with the applicable provisions of this Lease. The termination right set forth in this Section 2.2 is personal to the Original Tenant and may only be executed by the Original Tenant (and not any sublessee or other Transferee of Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises. Notwithstanding anything above to the contrary, Tenant shall have no right to exercise such early cancellation right, and Tenant’s exercise of such early cancellation right may, at Landlord’s option, be nullified by Landlord and deemed of no further force or effect, if Tenant shall be in material default under the terms of this Lease after the expiration of applicable cure periods as of Tenant’s exercise of such early cancellation right. For purposes of this Lease, a material default shall mean any monetary default or any material non-monetary default.
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Related to Termination Consideration

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Transaction Consideration has the meaning set forth in Section 11.7 hereof.

  • Acquisition Consideration means the purchase consideration for any Permitted Acquisition and all other payments by Holdings or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Holdings or any of its Subsidiaries.

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

  • Contract Consideration has the meaning set forth in the definition of “Excess Cash Flow.”

  • Total Consideration means the total amount (but without duplication) of (a) cash paid in connection with any Acquisition, plus (b) Indebtedness for borrowed money payable to the seller in connection with such Acquisition, plus (c) the fair market value of any equity securities, including any warrants or options therefor, delivered to the seller in connection with any Acquisition, plus (d) the amount of Indebtedness assumed in connection with any Acquisition.

  • Earnout Consideration has the meaning specified in Section 2.08(a).

  • Initial Consideration shall have the meaning set forth in Section 5.01.

  • Earn-Out Consideration is defined in Section 2.5(c).

  • Aggregate Stock Consideration has the meaning set forth in Section 3.01(b)(iii).

  • Additional Consideration has the meaning set forth in Section 3.2.

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Base Consideration has the meaning set forth in Section 1.2.

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Independent Consideration shall have the meaning as set forth in Section 2.14.

  • Aggregate Consideration has the meaning set forth in Section 11.6(C).

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Minimum Consideration means the $.01 par value per share or such larger amount determined pursuant to resolution of the Board to be capital within the meaning of Section 154 of the Delaware General Corporation Law.

  • Aggregate Merger Consideration has the meaning set forth in Section 2.1(a).

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Net Consideration means “net consideration” as defined in Regulation Section 1.848-2(f));

  • Cash Merger Consideration has the meaning set forth in Section 2.9(a).

  • Base Merger Consideration means an amount equal to $1,855,000,000.

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).