Turnover Condition definition

Turnover Condition means broom clean, free of occupants, debris, and movable property.
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Turnover Condition. “As is, where is” Rent Commencement: Option: Rent and NNN charges will commence upon __________ or the day we open for business, whichever is sooner. __________________ year option at the then prevailing Fair Market Rent.
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Turnover Condition shall have meaning set forth in Section 17.1(d) of this Lease.
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Examples of Turnover Condition in a sentence

  • Turnover Condition means the placement of a 1.5 metre cap of clean fill to approved grades with topsoil and sod and the provision of drainage, fencing and water, sewer and electrical service connections to the lot line● On completion of the work required to bring the Proposed Park to the Turnover Condition, Build Toronto will transfer the Proposed Park to the City.

  • The Sublessee covenants to give the Landlord written notice of the Turnover Condition Date, as defined in the Sublease, within five (5) days after the occurrence of the Turnover Condition Date and upon such notice being given, this Agreement shall come into effect as of the Turnover Condition Date (the " Effective Date"), subject to the last sentence of this Section 1.

  • Value of Stock Turnover Condition of affectedstructure/Asset Annex 6: TOR for the Preparation of the RAPTOR FOR AMUZUKWU GULLY/EROSION IN UMUAHIA NORTH LOCAL GOVERNMENT OF ABIA STATE UNDER THE NIGERIAN EROSION AND WATERSHED MANAGEMENT PROJECT(NEWMAP)BackgroundThe Government of Nigeria is implementing the multi-sectorial Nigeria Erosion and Watershed Management Project (NEWMAP), which is financed by the World Bank, Global Environment Facility, the special climate change fund, and the Government of Nigeria.

  • If Build Toronto sells the Development Lands to a third party, and the third party obtains all required approvals on terms and conditions acceptable to it pursuant to the Development Applications on or before the Reconveyance Deadline:● Build Toronto shall, through an agreement with the third party, cause the third party to complete, at the third party's sole cost and expense, all work required to bring the Proposed Park to a Turnover Condition, all to the satisfaction of the General Manager.


More Definitions of Turnover Condition

Turnover Condition means the substantial completion of the components of the Landlord’s Work that are necessary for the issuance of a certificate of compliance with respect to the shell and core of the New Building, including without limitation: (i) substantial completion of the New Building structure and exterior; (ii) installation and operability of required utility and service lines; (iii) installation and operability of the core HVAC system for the New Building; (iv) installation and operability of a least one elevator to each floor of the New Building; and (vi) completion of Common Areas to the extent reasonably necessary for the commencement of construction of Tenant Improvements (i.e., excluding finishes). It is contemplated that the Turnover Condition should occur on a floor-by-floor basis, and need not be delayed until all of the New Building is subject to the Turnover Condition.
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Turnover Condition has the meaning given to that term in Section 5.1 below.
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Turnover Condition shall be satisfied when all of the Pre-Turnover Date Work within the Premises has been so completed to the condition required in the first sentence of this Section 28.C. The date Landlord actually tenders possession of the Premises to Tenant in such Turnover Condition as described in the preceding sentence is herein referred to as the “Turnover Date”. Without limitation of the foregoing, Landlord hereby confirms that the Premises currently meet Turnover Condition as of the date of execution and delivery of this Lease by Landlord and Tenant, and, accordingly, the Premises will be delivered to Tenant in Turnover Condition on or before the Projected Turnover Date under this Lease. Subject to the provisions of the Workletter regarding disbursement of the "Allowance" thereunder, Tenant shall, at its sole cost and expense, perform such work as may be necessary or desired by Tenant to improve the Premises for initial occupancy, all subject to and in accordance with the provisions of this Lease, including, without limitation, the provisions of the Workletter attached hereto. All work referred to in this subparagraph, which work is to be constructed within a period following the Turnover Date and prior to the six (6) months following the Commencement Date (or which work was disclosed in “Plans approved by Landlord under the Workletter, but which work has not been completed as of such 6-month anniversary of the Commencement Date, whether due to Force Majeure delays or otherwise, provided Tenant is diligently continuing to performing such work), is hereinafter referred to as "Tenant's Work". Tenant, at Tenant's option, may retain Landlord as construction manager for all or
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Turnover Condition means the date on which Landlord notifies Tenant in writing that the Building is in watertight condition and Tenant may (but shall not be obligated to), in the interest of time, enter the Premises to begin the performance of that portion of the Tenant Improvements (as defined in the Tenant Work Letter) consisting of MEP/Fire Protection rough-in work, and (B) “Turnover Condition Date” means the date on which Landlord notifies Tenant that the Base Building Work is in Turnover Condition. For the avoidance of doubt, the Turnover Condition Date is not synonymous with the Lease Commencement Date, i.e., the date of Substantial Completion of the Base Building Work. If Tenant so elects to enter upon the Premises on or after the Turnover Condition Date and prior to the date of Substantial Completion of the Base Building Work, Landlord and Tenant shall (and shall cause their respective agents, employees and contractors to) coordinate with each other so as to facilitate and not interfere with their respective work being performed in the Premises during such period. 21001083-v13 0000 Xxxxxxx Xxxxxx Xxxxx—REGENXBIO INC.—Page 73
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Related to Turnover Condition

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • OTHER CONDITIONS Any subsequent contracts shall supersede the provisions of this contract. This contract is void if the Party of the Second Part does not hold a valid license in accordance with Section 6-17-401 A.C.A. for the full term of the contract. Given this, the 25TH DAY OF APRIL, 2017 PARTIES: The Fort Xxxxx School District 100, Party of the First Part, and XXXXXXXXX XXXXX XXXXXX Party of the Second Part, agree as follows:

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Minimum Condition has the meaning set forth in Annex I.

  • Business Condition of any Person shall mean the condition (financial or other), earnings, results of operations, business, properties or prospects of such Person.

  • performance requirement means a requirement that:

  • Emergency Condition means a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the NYISO or Connecting Transmission Owner, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to the New York State Transmission System or Distribution System, the Connecting Transmission Owner’s Interconnection Facilities or the electric systems of others to which the New York State Transmission System or Distribution System is directly connected; or (3) that, in the case of the Interconnection Customer, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Small Generating Facility or the Interconnection Customer’s Interconnection Facilities. Under Emergency Conditions, the NYISO or Connecting Transmission Owner may immediately suspend interconnection service and temporarily disconnect the Small Generating Facility. The NYISO or Connecting Transmission Owner shall notify the Interconnection Customer promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the Interconnection Customer’s operation of the Small Generating Facility. The Interconnection Customer shall notify the NYISO and Connecting Transmission Owner promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the New York State Transmission System or Distribution System or any Affected Systems. To the extent information is known, the notification shall describe the Emergency Condition, the extent of the damage or deficiency, the expected effect on the operation of each Party’s facilities and operations, its anticipated duration, and the necessary corrective action.

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below), (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage” shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Turnover Date means the earliest of the following dates:

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Serious health condition means an illness, injury, impairment, or physical or mental condition that involves:

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Applicable requirement means all of the following as they apply to emission units in a source requiring an air quality operating permit (including requirements that have been promulgated or approved by the Department or the administrator through rule making at the time of issuance of the air quality operating permit, but have future-effective compliance dates, provided that such requirements apply to sources covered under the operating permit):

  • Delivery Condition has the meaning set forth in Section 2.2(a).

  • TENDER SPECIFICATION means “Specific conditions, technical specifications, appendices, site information and drawing pertaining to the work in which the tenderers are required to submit their offer. Individual specification number will be assigned to each tender specification.

  • Final Completion Date means the date on which Final Completion occurs.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

  • Turnover Plan means the written plan developed by Contractor, approved by HHSC, and to be employed when the Work described in the Contract transfers to HHSC, or its designee, from the Contractor.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).