Market Rate Sample Clauses

Market Rate. Employees in job classifications that move down in Market Rate will 39 retain their rate of pay (hourly rate) at the time of the change.
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Market Rate. Market Rate means the approximate cost of a good or service under present circumstances if such cost were negotiated at arms’ length, as estimated by the Manager in good faith, based on reasonable assumptions.
Market Rate. ‘Market Rate’ shall be the rate as decided by the Engineer-in-charge on the basis of the cost of materials and labour at the site including applicable taxes, duties and also the transportation charge to where the work is to be executed plus the percentage mentioned in schedule `F’ to cover all overheads and profits.
Market Rate. As a clarification of Paragraph 4(ix) of the Master ----------- Agreement, the "market rate" for the Service is understood to refer to the market rate for such services available in comparable hotels, either individually or collectively.
Market Rate. Market Rate shall be defined as what an arm's-length, non-expansion, non-renewal, non-equity tenant of comparable credit to Tenant would, as of the beginning of the term in question, pay for space of comparable size, quality, utility and location, taking into account the length of the term and all allowances and concessions being offered in the market. The Market Rate shall be determined as follows: Within thirty (30) days after Landlord receives notice from Tenant of Tenant's election to exercise the Second Expansion Option or an extension option, Landlord will give notice to Tenant of its determination of the Market Rate for the Premises or the Second Expansion Option Space, as applicable, and Landlord's determination will constitute the Market Rate unless Tenant objects by notice to Landlord in writing, within thirty (30) days after Tenant's receipt of Landlord's determination. If Tenant so objects, the
Market Rate. Notwithstanding the adjustments in Section 3.2.1, the Land Rent stated in Section 3.1 shall be adjusted to the then-prevailing fair market rental rate effective at the end of the 60th month following the commencement of this Lease and every 60 months thereafter (the “Market Rate”). In no event shall the Market Rate be adjusted downward. The value of any improvements to the Premises financed by Lessee at no cost to the Port shall be excluded in determining the Market Rate for the Premises. The Port will obtain an appraisal of the Market Rate for the Premises, at the Port’s sole cost and expense, no sooner than one hundred eighty (180) days before the market rate adjustment, but not later than one hundred fifty (150) days before market rate adjustment effective date, and will deliver a Market Rate proposal along with the appraisal report. In the event Lessee disputes the Market Rate determination or the Port’s appraisal and the parties do not agree on the adjusted Land Rent before the ninetieth (90th) day prior to the effective date of the adjustment, the Port and Lessee shall each deliver a “Final Offer” prior to the ninetieth (90th) day prior the effective date of the adjustment and invoke the Market Rate dispute resolution process described in Section 3.2.3 below.
Market Rate. The Base Rent stated in Section 3.1 shall be subject to renegotiation effective at the end of the sixtieth month following the commencement of this Lease. The Port will give Lessee written notice for proposed Based Rent applicable to the forthcoming rent period not less than 180 nor more than 270 days prior to an effective date of the commencement of the rent period. Promptly following such notice of renegotiation, the parties shall negotiate in good faith for the renegotiated Base Rent for the forthcoming period. Unless expressly provided to the contrary in another paragraph of this lease, such renegotiated Base Rent shall be the fair market rental value of the Premises. The value of any improvements to the Premises financed by Lessee at no cost to the Port shall be excluded in determining the fair market rental value of the Premises. In the Port’s initial offer during renegotiation of the Base Rent, the Port may rely on past appraisals of properties that the Port deems comparable. In the event that the parties cannot agree on the Base Rent prior to sixty (60) days before the effective date for renegotiated rent, the Base Rent shall be determined, according to the foregoing formula, by three arbitrators, each of whom shall be a member of either the Society of Industrial Realtors or of the Washington-British Columbia Chapter of the American Institute of Real Estate Appraisers and shall be experienced in the valuation of the type of premises subject to this Lease. The appraisal arbitration shall be based on an approach to valuation consistent with the standards of professional appraisal practice and shall include reference to the fair market rental value of comparable properties. The selection of comparable properties and the application of appropriate valuation methodology is to be determined by the arbitrators as a panel. The arbitration panel may ask questions and request further information from each party and will issue a conclusion with regard to valuation. Each party shall select an appraiser to be a member of the arbitration panel within twenty-one (21) days of either party invoking the arbitration process and each party shall compensate the member selected by the party. The third arbitrator shall be selected by the other two members of the panel and be compensated in equal shares by the parties. Each party shall cooperate to expedite the selection of the three arbitrators and in no case may either party delay the selection of the arbitration panel.
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Market Rate. Within thirty (30) days following receipt of the Lessee’s exercise of the option to extend, the Base Rent stated in Section 3.1 shall be subject to renegotiation effective at the end of the 60th month following the commencement of this Lease in the event that the Port gives to Lessee written notice of the Port’s election to renegotiate the Base Rent applicable to the forthcoming rent period not less than 180 nor more than 270 days prior to an effective date of the commencement of the rent period. In the absence of such notice, the Base Rent applicable for the prior rent period shall apply to the forthcoming rent period also. Promptly following such a notice of renegotiation, the parties shall negotiate in good faith for a renegotiated Base Rent for the forthcoming rent period. Unless expressly provided to the contrary in another paragraph of this Lease, such renegotiated Base Rent shall be the fair market rental value of the Premises (determined on a square footage or other appropriate basis customarily used for comparable properties) as compared with such rental value being obtained on other premises for similar use in the Greater Seattle area. The value of any improvements to the Premises financed by Lessee at no cost to the Port shall be excluded in determining the fair market rental value of the Premises. In the event that the parties cannot agree on the Base Rent prior to sixty (60) days before the effective date for rent renegotiation, the Base Rent shall be determined, according to the foregoing formula, by three arbitrators, each of whom shall be a member of either the Society of Industrial Realtors or of the Washington-British Columbia Chapter of the American Institute of Real Estate Appraisers and shall be experienced in the evaluation of the type of premises subject to this Lease. Each party shall select and fully compensate one of these arbitrators, and the third arbitrator shall be selected by the other two and compensated in equal shares by the parties.
Market Rate. Class Title Grade Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Lead Dispatcher 011 Hourly Monthly $39.2454 $6,802 $41.2078 $7,142 $43.2680 $7,499 $45.4315 $7,874 $47.7032 $8,268 $50.0883 $8,681 Police Dispatcher I 007 Hourly Monthly $29.3823 $5,092 $30.8515 $5,347 $32.3941 $5,614 $34.0137 $5,895 $35.7145 $6,190 $37.5002 $6,500 Police Dispatcher II 009 Hourly Monthly $35.6696 $6,182 $37.4531 $6,491 $39.3259 $6,816 $41.2920 $7,157 $43.3567 $7,515 $45.5247 $7,890 Senior Traffic Signal Tech. 011 Hourly Monthly $36.4195 $6,312 $38.2405 $6,628 $40.1525 $6,959 $42.1603 $7,307 $44.2683 $7,673 $46.4818 $8,056 Traffic Signal Technician 010 Hourly Monthly $33.6760 $5,837 $35.3599 $6,129 $37.1279 $6,435 $38.9842 $6,757 $40.9336 $7,095 $42.9800 $7,449 Maintenance Electrician 010 Hourly Monthly $33.6760 $5,837 $35.3599 $6,129 $37.1279 $6,435 $38.9842 $6,757 $40.9336 $7,095 $42.9800 $7,449 Attachment C EDUCATIONAL BROKERS (CONTRACTING AGENTS)
Market Rate. For purposes of Section 1.3 hereof, the term “market rate” Basic Rent shall mean the then fair market rental rate being paid by creditworthy tenants with a similar net worth as Tenant for office buildings in the greater Princeton, New Jersey market area (with adjustment for relevant submarket deviations) that are of comparable location, size, quality and condition as the Demised Premises, for a 10-year term commencing on the first day of such Renewal Term, in its then existing condition, in an arm’s-length transaction between a willing landlord and tenant at the time such rate is established, and considering all buildings, structures and fixtures erected on the Demised Premises (including, without limitation, parking facilities) and replacements thereof (except Tenant’s Property, trade fixtures, machinery and equipment and any alterations or improvements made or caused to be made by Tenant to the Demised Premises). The determination of market rate shall take into consideration among other things the location of the Building; use; the absence of leasehold improvements to be provided by Landlord; the amount of allowances to be provided to Tenant; the extent of services provided by Landlord and by other landlords; market concessions being offered to other tenants, such as rent abatement and rent credits, allowances, and other adjustments, and the fact that no work is to be done by Landlord for Tenant. Market value shall also reflect only the actual brokerage commission, if any, payable by Landlord to an unaffiliated third party broker in connection with renewing this Lease, that the Demised Premises are leased to a single tenant and that Tenant has the right to exclusive possession thereof, that no improvement work or costs will be required by Landlord to convert the space to multi-user space, or otherwise, and that there will be no down time during which a tenant will not be paying rent to Landlord between the expiration of the current Term and the commencement of the Renewal Term. Not earlier than sixteen (16) months and not later than fifteen (15) months prior to the end of the then current Term, Landlord shall notify Tenant of the market rate as determined by Landlord in its good faith judgment for the applicable Renewal Term. Should Tenant disagree with Landlord’s determination, it shall notify Landlord within fifteen (15) business days of receipt of Landlord’s determination and the parties shall meet and attempt to resolve the difference in good faith w...
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