SRT Sample Clauses

SRT. Snaper, Xxxxxx and Xxxxxxxx acknowledge this agreement modifies the terms of the SRT Partnership Agreement, including without limitation the fact that the transfer of rights in the Technology to ACT by SRT, Snaper, Xxxxxx and Xxxxxxxx is unconditional
Sample 1
AutoNDA by SimpleDocs
SRT. SRT is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to conduct business under the laws of each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification necessary, except for any such failures to be qualified that would not reasonably be expected to have a Business Material Adverse Effect, and the Disclosure Schedule contains a complete list of those jurisdictions. SRT has all requisite corporate power and authority to carry on the business in which it is now engaged and to own and use the properties now owned and used by it.
Sample 1
SRT. SRT’s adjusted Percentage Interest is calculated by dividing (1) the positive difference, if any, between (a) the sum of (i) one hundred percent (100%) of the aggregate Capital Contributions (excluding Substituted Capital Contributions) then or theretofore made by SRT to the Company ($190,000), plus (ii) 200% of the Substituted Capital Contributions then or theretofore made by SRT to the Company ($0), minus (b) the Excess Amounts attributable to the Substituted Capital Contributions then or theretofore made by GAP and Operating Member to the Company ($93,827.16 and ($1,172.84, respectively), by (2) one hundred percent (100%) of the aggregate Capital Contributions (including without limitation Substituted Capital Contributions) then or theretofore made by all of the Members to the Company ($1,500,000). This results in a Percentage Interest for SRT of (i) the difference between $190,000 minus $95,000, divided by (ii) $1,500,000 = 6.33%. *Relative Percentage Interests are calculated by dividing the Percentage Interest of a Member by the aggregate Percentage Interest of all contributing Members (i.e., 80/(80+1) = 98.77% and 1/(80+1) = 1.23%, respectively). EXHIBIT D PERFORMANCE GOALS Investment must (i) achieve 90% of budgeted NOI based on projections at closing and (ii) maintain leases covering in excess of 75% of the rentable square footage of all properties comprising the Investment. Oaktree may assign Operating Member’s Incentive Fee to a replacement third party upon a specified termination event relating to “bad boy” acts of the Operating Member or violation of the Performance Tests. Budgeted Net Operating Income Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Aurora Commons - Office $ 103,783 $ 122,995 $ 135,802 $ 144,896 $ 148,587 Aurora Commons - Retail 554,960 635,590 646,705 636,246 642,877 Constitution Trail 1,999,228 2,189,356 2,357,942 2,510,337 2,537,873 Osceola Village 1,440,618 1,635,762 1,658,377 1,628,515 1,468,885 Total Budgeted NOI $ 4,098,589 $ 4,583,703 $ 4,798,826 $ 4,919,994 $ 4,798,222 % of Budgeted NOI 90 % 90 % 90 % 90 % 90 % NOI Threshold $ 3,688,730 $ 4,125,333 $ 4,318,943 $ 4,427,995 $ 4,318,400 SCHEDULE A ESTIMATED REQUIRED INITIAL CAPITAL CONTRIBUTIONS Operating Member: $239,437.94 GAP: $19,155,035.46 SRT: $4,549,320.92 SCHEDULE B INITIAL COMPANY PROPERTY PROPERTY DESCRIPTION OF AURORA COMMONS PROPERTY The land referred to herein below is situated in the City of Aurora, County of Portage, State of Ohio, described as follows: TRACT I: Parcel "A" Situat...
Sample 1

Related to SRT

  • Asset Management Supplier will: i) maintain an asset inventory of all media and equipment where Accenture Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify Accenture Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing Accenture Data and procedures for appropriately disposing of printed materials that contain Accenture Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing Accenture Data on portable devices, remotely accessing Accenture Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

  • HOSPITALITY Purchaser is to provide the location , name and address of the closest significant children’s entertainment complex and/or educational facility.

  • Management Company 14 Maturity....................................................................14

  • NO HARDSTOP/PASSIVE LICENSE MONITORING Unless an Authorized User is otherwise specifically advised to the contrary in writing at the time of order and prior to purchase, Contractor hereby warrants and represents that the Product and all Upgrades do not and will not contain any computer code that would disable the Product or Upgrades or impair in any way its operation based on the elapsing of a period of time, exceeding an authorized number of copies, advancement to a particular date or other numeral, or other similar self-destruct mechanisms (sometimes referred to as “time bombs,” “time locks,” or “drop dead” devices) or that would permit Contractor to access the Product to cause such disablement or impairment (sometimes referred to as a “trap door” device). Contractor agrees that in the event of a breach or alleged breach of this provision that Authorized User shall not have an adequate remedy at law, including monetary damages, and that Authorized User shall consequently be entitled to seek a temporary restraining order, injunction, or other form of equitable relief against the continuance of such breach, in addition to any and all remedies to which Authorized User shall be entitled.

  • ARTISTES AND SPORTSMEN 1. Notwithstanding the provisions of Articles 14 and 15, income derived by a resident of a Contracting State as an entertainer, such as a theatre, motion picture, radio or television artiste, or a musician, or as a sportsman, from his personal activities as such exercised in the other Contracting State, may be taxed in that other State.

  • Special Situations The parties recognize that under certain circumstances a Change in Control may occur under conditions which make it inappropriate for Employee to receive the termination benefits or protection set forth in this Agreement. Therefore, in the event that a Change in Control occurs for any one of the following reasons, the provisions of Sections 2, 6 and 9 shall not apply:

  • Business Partners Red Hat has entered into agreements with other organizations (“Business Partners”) to promote, market and support certain Software and Services. When Client purchases Software and Services through a Business Partner, Red Hat confirms that it is responsible for providing the Software and Services to Client under the terms of this Agreement. Red Hat is not responsible for (a) the actions of Business Partners, (b) any additional obligations Business Partners have to Client, or (c) any products or services that Business Partners supply to Client under any separate agreements between a Business Partner and Client.

  • PROFESSORS, TEACHERS AND RESEARCHERS 1. An individual who is a resident of a Contracting State immediately before making a visit to the other Contracting State, and who, at the invitation of any university, college, school or other similar educational institution which is recognized by the competent authority in that other Contracting State, visits that other Contracting State for a period not exceeding two years solely for the purpose of teaching or research or both at such educational institution shall be exempt from tax in that other Contracting State on any remuneration for such teaching or research.

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

  • PORTFOLIO HOLDINGS The Adviser will not disclose, in any manner whatsoever, any list of securities held by the Portfolio, except in accordance with the Portfolio’s portfolio holdings disclosure policy.

Time is Money Join Law Insider Premium to draft better contracts faster.