Unamortized Portion definition
Unamortized Portion shall be defined as the amount of principal which would remain unpaid as of the Ground Floor/BSC Effective Surrender Date with respect to a theoretical loan in an original principal amount equal to Landlord’s Surrender Costs and which is repaid in equal monthly payments of principal and interest on a direct reduction basis over (a) the Third Extended Term with respect to the Ground Floor Premises and (b) the period of time commencing on the BSC RFO Commencement Date and ending on the Third Extended Termination Date with respect to the BSC RFO Premises, each with interest at the rate of [***] per annum. “Landlord’s Surrender Costs” shall mean (i) the Ground Floor Allowance, plus (ii) the allowance provided in connection with the BSC RFO Premises, if applicable, plus (iii) the brokerage commissions paid in connection with Ground Floor Premises and the BSC RFO Premises. If Tenant exercises the Ground Floor/BSC Surrender Right pursuant to this Section 14, and relocates to the ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, then the Surrender Fee shall be equal to [***] of the Unamortized Portion of Landlord’s Surrender Costs.
Unamortized Portion shall be defined as the amount of principal which would remain unpaid as of the Effective Termination Date with respect to a loan in an original principal amount equal to ▇▇▇▇▇▇▇▇’s Transaction Costs and which is repaid in equal monthly payments of principal and interest on a direct reduction basis over the seven (7) year term of the Lease (beginning on the Rent Commencement Date) with interest at the rate of seven (7%) percent per annum. For the purposes hereof, “Landlord’s Transaction Costs” shall be Landlord’s Contribution plus the brokerage commissions incurred by Landlord in connection with this Lease (including any commissions or tenant improvement allowances in connection with any Added Space).
Unamortized Portion shall be defined as the amount of principal which would remain unpaid as of the Effective Termination Date with respect to a theoretical loan in an original principal amount equal to Landlord’s Termination Costs and which is repaid in equal monthly payments of principal and interest on a direct reduction basis over the Third Extension Term (or such shorter term with respect to any premises leased by Tenant under Sections 12 and/or 13 of this Fourth Amendment) with interest at the rate of [***] per annum. “Landlord’s Termination Costs” shall mean the sum of (I) the Fourth Amendment Allowances, and brokerage commissions paid in connection with this Fourth Amendment, plus (II) if Tenant exercises either or both of the BSC RFO Right and/or the Second Floor RFO Right the Unamortized Portion of all costs and expenses incurred by Landlord in connection with tenant improvement allowances and brokerage commissions paid by Landlord in connection with BSC RFO Premises and the Second Floor RFO Premises.
Examples of Unamortized Portion in a sentence
In the event StadCo notifies Licensee that there is no Comparable Seat(s), then Licensee shall have the right to terminate this License Agreement upon notice to StadCo, in which event StadCo shall, within sixty (60) days following such notice of termination, return to Licensee the Unamortized Portion of the License Fee (as defined below) paid by Licensee hereunder.
If Tenant exercises the Ground Floor/BSC Surrender Right pursuant to this Section 14, and relocates to the ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, then the Surrender Fee shall be equal to [***] of the Unamortized Portion of Landlord’s Surrender Costs.
The “Termination Fee” shall be equal to the Unamortized Portion of Landlord’s Termination Costs, as hereinafter defined.
The foregoing shall not be deemed to be implied consent to any such sale otherwise prohibited by the terms and conditions hereof, including Section 4.3. Such repayments shall be applied to the Revolving Advances subject to Borrowers’ ability to reborrow Revolving Advances in accordance with the terms hereof, provided however, if the Collateral disposed of is Eligible Equipment, there shall also be a reduction in the Amortizing Tranche equal to the Unamortized Portion of such Eligible Equipment.
Upon request by Tenant, Landlord shall provide Tenant, with a determination of the foregoing costs, along with Landlord’s calculation of the Unamortized Portion of the costs as of the Tenant Termination Date.
More Definitions of Unamortized Portion
Unamortized Portion means the unamortized portion of the Transaction Costs, amortized on a straight-line basis over the Extension Term, together with interest thereon at the rate of six percent (6%) per annum. Upon request by Tenant, Landlord shall provide Tenant, with a determination of the foregoing costs, along with Landlord’s calculation of the Unamortized Portion of the costs as of the Tenant Termination Date.
Unamortized Portion means the amounts in the foregoing clause (x), amortized on a straight-line basis over the Extension Term, together with interest thereon at the rate of 8% per annum, compounded monthly in advance.
Unamortized Portion means, with respect to a piece of Eligible Equipment, eighty percent (80%) of the appraised orderly liquidation value (on or about the Closing Date) of such Eligible Equipment, multiplied by a fraction, the numerator of which is eighty-four (84) minus the number of calendar months that have elapsed since the Closing Date, and the denominator of which is eighty-four (84).
Unamortized Portion shall be defined as the unamortized cost as of the Future Surrender Date, based on straight line depreciation computed with interest at the rate of eight percent (8%) per annum, over the period commencing on the date (“Amortization Period Commencement Date”) of the actual payment or disbursement of the applicable Landlord Transaction Cost allocable to the Future Contraction Premises and ending as of the expiration of the Extension Term. The Future Surrender Date shall be the Amortization Period Commencement Date with respect to any portion of Landlord’s Contribution which is undrawn as of the Future Surrender Date.
Unamortized Portion. The remaining balance as of the date of ------------------- Default Termination of the portion of the Rent Inducements, calculated as if the Rent Inducements were paid monthly over the Lease Term, together with interest compounded monthly thereon at the rate of ten (10%) percent per annum. By way of example, if the Rent Inducements equal One Thousand and No/100 ($1,000.00) Dollars and the Lease Term is for five (5) years, the Unamortized Portion of Rent Inducements at the end of the third year of the Lease Term equals Four Hundred Sixty and 44/100 ($460.44) Dollars.
Unamortized Portion shall be defined as the amount of principal which would remain unpaid as of the Relocation Date with respect to a loan with a ten-n running from July 1, 1997 through August 31, 2003 in an original principal amount equal to Tenant's Construction Costs and which is repaid in equal monthly payments of principal and interest at the rate of ten (IO%) percent per annum.
Unamortized Portion means the applicable amount, amortized on a straight line basis over the Term, together with interest thereon at the rate of 6.5% per annum, compounded monthly in advance provided, however, that all costs and expenses relating to the leasing of any RFO Premises, the Adjustment Premises, the Initial Expansion Premises and the Future Expansion Premises, as applicable, (as described in clause (d)(ii) above) shall be amortized on a straight line basis over the period of time commencing on the respective commencement date and ending on the applicable expiration date therefor. Within not more than thirty (30) days after a request by Tenant, Landlord shall provide Tenant, with a determination of the foregoing costs, along with Landlord’s calculation of the Unamortized Portion of the costs as of the Partial Termination Date.