Work credit definition
Work credit or “sweat equity” means actual labor per- formed by the applicant and does not include the cost or value of materials used.
Work credit means an amount calculated on the Closing Date equal to:
(i) (A) for all completed floors, fifty percent (50%) of: (x) the aggregate Maximum Landlord Work Amount, as set forth in the Landlord Budget attached as Exhibit O (the “Landlord Budget”) for all such completed floors, minus (y) the actual amount of hard and soft costs funded by Landlord for the design, engineering and construction of the Landlord’s Work for such floors; plus (B) for all incomplete portions of the Landlord Work as of the Closing Date, including incomplete floors, an amount equal to the total Maximum Landlord Work Amount remaining for all incomplete floors, minus actual amount of hard and soft costs funded by Landlord as of the Closing Date for the design, engineering and construction of the Landlord’s Work relating to any incomplete floors; plus
(ii) (A) for all completed categories of Base Building Work described in the Landlord’s Budget, fifty percent (50%) of: (x) the aggregate total Maximum Base Building Work Amount indicated for all such categories as shown in the Landlord’s Budget, minus (y) the actual amount of hard and soft costs funded by Landlord for the design, engineering and construction of such categories of completed Base Building Work; plus (B) for all incomplete portions of the Base Building Work, an amount equal to the total Maximum Base Building Work Amount for all incomplete categories of Base Building Work minus the actual amount of hard and soft costs funded by Landlord the design, engineering and construction of the Base Building Work relating to any incomplete categories.
Examples of Work credit in a sentence
Work credit shall be used to give preference in scheduling to members of WHUS Radio who volunteer for the station.
However, the Work credit and the Income dependent combination credit are dependent on work, of which the latter is currently classified as an in-work benefit IW in TaxBEN.
Work credit will start on the first day of work or program assignment.
Work credit shall not be given for any type of absences including worker compensation.
After Dr. Martin died, on May 12, 2008,11 Defendant Bob Babbitt, owner of Competitor Magazine (“Competitor”), sent Osamu Chiba an email12 requesting Plaintiff’s high-resolution images of Dr. Martin to publish in an upcoming issue of the13 magazine.
More Definitions of Work credit
Work credit means an amount up to the product of (A) the then rentable square foot area of the demised premises less 5,000 and (B) $7.00, and (ii) such Work Credit shall be available only with respect to any actual construction performed by Tenant in the demised premises during the one (1) year period commencing on December 1, 2000.
Work credit means the amount equal to the actual costs Tenant incurs in the refurbishment of the demised premises during the period from December 1, 2000 to November 30, 2001, but in no event shall the amount of the Work Credit exceed an amount equal to the product of (A) the then rentable square foot area of the Original Demised Premises less 5,000 and (B) $7.00."
Work credit means credit given for assessment work performed with respect to an exploration licence.
Work credit means the definition contained in the Original Lease Agreement and First Amendment thereto to include the design, construction, reconstruction and rehabilitation, improvement, renovation and installation of necessary improvement to the space. The Work Credit shall be prorated by Sublandlord and receipts shall be submitted only to Sublandlord for reimbursement thereof.
Work credit means an amount calculated on the Closing Date equal to:
Work credit as defined in First Amendment to Lease, dated July 1, 1999, shall be shared by Sublandlord and Subtenant and calculated as the proportionate rate of space to be developed and used by each party, as contained in Exhibit A hereto. Subtenant shall pay all costs associated with work effort required for the space leased hereunder in excess of the Work Credit.
Work credit means credit given for assessment work performed upon a licence. 1990, c. 18, s. 2; 1992, c. 14, s. 61; 1992, c. 37, s. 1; 1994, c. 36, s. 1; 1999 (2nd Sess.), c. 12, s. 2.