Partial Release Price Sample Clauses

Partial Release Price. Upon the closing of the sale of each Unit, a mandatory principal payment in an amount equal to twenty percent (20%) of the Net Sales Proceeds from the sale of such Unit shall be payable. If at any time, the Working Capital LOC has no outstanding balance, the entire (or remaining) balance of said partial release price shall be applied to and allocated among the other Facilities at the Bank's sole discretion.
Sample 1
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Partial Release Price. The Partial Release Price will be equal to the amount shown on Lender's records to be the outstanding principal balance of the Loan attributable to the Vacant Lot or House requested to be released plus all accrued but unpaid interest thereon. Lender records will be conclusive evidence of the amount of the outstanding principal balance of the Loan attributable to. the Vacant Lot or House requested to be released plus all accrued but unpaid interest thereon. [For value received, Obligor renews the Master Lien Documents and promises to pay to the order of Holder of the Master Note and Master Lien Documents, according to the Modified Terms, all unpaid principal and interest due on the Master Note. All unpaid amounts are due by __________________. Obligor also extends the liens described in the Master Lien Documents.] The Master Promissory Note is secured by liens against various properties owned by Borrower. Whether Obligors are primarily liable on the Master Promissory Note or not, Obligors nevertheless agree to pay the Master Promissory Note as hereby amended and comply with the obligations expressed in the Master Loan Documents according to the Modified Terms set out herein. The Master Promissory Note and the Master Loan Documents continue as written, except as provided and modified in this agreement. Obligors warrant to Lender of the Master Promissory Note and Master Loan Documents that the Master Promissory Note and the Master Loan Documents, as modified, are valid and enforceable and represents that they are not subject to rights of offset, rescission, or other claims. When the context requires, singular nouns and pronouns include the plural. Obligor: __________________________ a ________________________________ By: ______________________________ By:_____________________________ Name: __________________________ Title: ___________________________ Obligor: __________________________ ___________________________________ ________________________, Individually Lender:________________________________ By:___________________________________ _____________, ______________President (INDIVIDUAL ACKNOWLEDGMENT) STATE OF TEXAS } COUNTY OF _______ } This instrument was acknowledged before me on ___________________________________________ by, (date) ____________________________________, individually____________________________________. (name or names of person or persons acknowledging). (Signature of officer) _________________________ (Title of officer) _________________...
Sample 1
Partial Release Price. The release price (the "Release Price") for each Release Parcel shall be an amount equal to the Maximum Loan Amount of the Lot Purchase Loan in connection with the Release Parcel or the aggregate sum of all Advances made under the Interim Construction Loan in connection with the Release Parcel, all interest accrued but unpaid in connection with the applicable Loan, and all other fees and charges reasonably required by the Lender. Contemporaneously with the payment to the Lender of the Release Price, the Lender shall execute and deliver all documents necessary to effect the release of its lien on the Release Parcel, all such documents and instruments to be prepared, reviewed and recorded at the Borrower's sole cost and expense and to be a part of the Release Price.
Sample 1
Partial Release Price. Section 5.14(h) is hereby amended to read as follows:
Sample 1
Partial Release Price. Upon satisfaction of all of the conditions precedent to a Partial Release, in the reasonable judgment of Lender, Borrower shall pay to Lender the Release Price, as defined hereafter. The Release Price ("Release Price") for each Release Parcel shall be an amount equal to the aggregate sum of (i) all Advances made under the Interim Construction Loan in connection with the Release Parcel including, without limitation, the pro rata share of interest paid in connection with the Interim Construction Loan, and all other fees and charges reasonably required by Lender. Contemporaneously with the payment to Lender of the Release Price, Lender shall execute and deliver all documents necessary to effect the release of its Lien on the Release Parcel, all such documents and instruments to be prepared, reviewed and recorded at Borrower's sole cost and expense and to be a part of the Release Price. The Release Price shall be applied to principal of the Note in inverse order of maturity.
Sample 1

Related to Partial Release Price

  • Relocation Allowance An employee who is promoted and required by agency policy to relocate his residence shall be granted time off with pay for one workday for this purpose. In addition, the employee shall be granted travel time to the new location based on the most direct route. No employee will be credited with more than the number of hours in the employee’s regular workday and such time shall not be counted as hours worked for the purpose of computing compensatory time or overtime.

  • BUYER’S PREMIUM A Buyer’s Premium fee of 10% of the Bid Price or $1,000 Auction Service Fee, whichever amount is greater, will be added to the High Bid amount. The High Bid amount plus the Buyer’s Premium equals the Total Purchase Price. SETTLEMENT to occur within 30 days from contract ratification date. PRE-BID OFFERS ACCEPTED via PHONE (000) 000-0000 or FAX (000) 000-0000

  • Monthly Base Rent On each Due Date, each Lessee shall pay to the Lessor the Monthly Base Rents that have accrued during the Related Month with respect to all Vehicles that were leased by such Lessee under this Operating Lease on any day during the Related Month;

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Shift Premium Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95c/ ) per hour for each hour worked between 1500 hours and 0700 hours provided that such hours exceed two (2) hours if worked in conjunction with the day shift.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Storage Space Tenant shall have the right to occupy approximately 15,000 square feet of space on the lower level of the Building as identified on Exhibit B-1 hereto (the “Storage Space”) to be used for storage in connection with Tenant’s business. The term with respect to the Storage Space shall commence on the date on which Landlord makes the Storage Space available to Tenant (the “Storage Space Commencement Date”) and shall terminate on the Expiration Date. Tenant shall not pay any Fixed Annual Rent for the use of the Storage Space, but except as otherwise provided in this Section 20.27, all of the other provisions of this Lease shall apply as if the Storage Space were a part of the Premises, except that the Storage Space shall not be included in the calculation of Rentable Square Feet for the purpose of determining Tenant’s Share. Tenant shall pay to Landlord as an additional charge for electricity supplied to the Storage Space, an amount determined in accordance with Article 16 of this Lease; provided, however, that if the Storage Space is not separately metered, then such charge shall be equal to Landlord’s actual costs of providing electricity to the Storage Space, as reasonably allocated by Landlord based on a submeter or other reasonable allocation. Landlord shall not be required to provide any services (such as, without limitation, cleaning) to the Storage Space, and the Storage Space shall not be included in calculating Tenant’s Share. Tenant shall accept the Storage Space in its “as is” condition. Tenant shall be permitted to make alterations to the Storage Space at Tenant’s sole expense, subject to the conditions set forth in Article 8 of this Lease, provided that Tenant shall remove any such alterations as directed by Landlord at the termination of this Lease, to the extent that Landlord so requires in accordance with Article 8. Tenant’s right to occupy the Storage Space hereunder is a license otherwise upon the same terms and conditions set forth in this Lease, revocable by Landlord at any time upon the occurrence of an Event of a Default by Tenant under the terms of this Lease, and shall not be construed to be a lease of such space.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Annual Base Rent Section 5.1 Effective as of the Effective Date, the first sentence of Section 5.1 of the Lease shall be deemed modified and restated in its entirety as follows: "During the Initial Term Tenant agrees to pay to Landlord annual base rent for the Premises (the "ANNUAL BASE RENT") at the rate of Three Million Eight Hundred Thousand and 00/100 Dollars ($3,800,000.00) per annum (the "INITIAL ANNUAL BASE RENT AMOUNT"). Notwithstanding the foregoing, provided that Tenant is not then in default under this Lease beyond any applicable period set forth in this Lease within which the default may be cured, Tenant shall be entitled to an aggregate credit of $1,000,000 to be applied in twelve (12) equal monthly installments of $83,333.33 against the monthly installments of Annual Base Rent due hereunder for the second through thirteenth calendar months of the Initial Term (the "FREE RENT PERIOD"); it being further agreed, however, that if Tenant is in default under this Lease beyond any applicable cure period, then (a) any credit not given Tenant during the period of such default shall only be suspended and shall be given to Tenant, and carried forward if not capable of immediately being used in its entirety until capable of being so used in its entirety, upon any subsequent cure by Tenant of such default and any other then existing default(s) by Tenant under this Lease, and (b) Tenant shall further be entitled to all monthly installments of such credit otherwise to be applied, pursuant to the terms hereof, after such subsequent cure(s). Notwithstanding anything to the contrary in this Lease, if there shall be Net Distributable Cash for the Free Rent Period, but calculated for this purpose only without reference to any additional rent payable pursuant to this sentence, then Tenant shall pay an amount (such amount, the "FREE RENT MAKE-UP") equal to the lesser of (1) the amount of the $1,000,000 credit set forth above actually applied against Annual Base Rent as provided above, whether such application against Annual Base Rent was made during the Free Rent Period or subsequent thereto (i.e., if any portion of such credit is so applied after the Free Rent Period pursuant to either or both of the preceding clauses (a) and (b)) or (2)

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