Additional Adjustment Factor definition

Additional Adjustment Factor means that from and after the end of the twentieth (20th) year of the Term of this Agreement, the Development Fee set forth in Section XII.E for any Development Fees that are payable after the twentieth (20th) year of the Term during the remainder of the Term shall be adjusted as of the first day of the twenty-first (21st) year of the Term to an amount equal to the greater of
Additional Adjustment Factor means that from and after the end of the twentieth (20th) year of the Term of this Agreement, the Development Fee set forth in Section XII(K) for any Development Fees that are payable after the twentieth (20th) year of the Term during the remainder of the Term (if extended) shall be adjusted as of the first day of the twenty-first (21st) year of the Term to an amount equal to the greater of (a) the Development Fee in effect on the last day of the twentieth (20th) year of the Term; or (b) an amount equal to the lesser of (x) one hundred fifty percent (150%) of the amount of the Development Fee in effect on the date of this Agreement, or
Additional Adjustment Factor means (i) with respect to any Additional Slotting Fee and the first calendar month such Additional Slotting Fee is included in the Current Asset Base, one (1) and (ii) as to each such Additional Slotting Fee and any calendar month after the first calendar month in which such Additional Slotting Fee is included in the Current Asset Base, an amount equal to (x) eighteen (18), LESS the number of full calendar months that have elapsed since such Additional Slotting Fee was included initially in the Current Asset Base, divided by (y) eighteen (18). For purposes of determining the Additional Slotting Fee Amount for any Additional Slotting Fee and the "Current Asset Base" in subsection 2.1(a)(3) hereof, the Additional Adjustment Factor shall be adjusted for such Additional Slotting Fee as of 11:59 p.m. (New York time) on the last day of the applicable calendar month. For purposes of illustration only, if the Borrower were to deliver an Additional Slotting Fee Certificate to the Agent pursuant to Section 7.11 on July 15, 1998, as of August 1, 1998, 100% of the amount of the Additional Slotting Fee would be included in the calculation of Aggregate Additional Slotting Fee Amount and the Additional Adjustment Factor for such Additional Slotting Fee would be one (1), and as of 12:00 a.m. (New York time), September 1, 1998, the Additional Adjustment Factor for such Additional Slotting Fee would be reduced to 17 divided by 18 (.94444).

Examples of Additional Adjustment Factor in a sentence

  • To assist the City in meeting expenses resulting from ongoing development, upon application for a building permit from the City for any portion of the Property, each Owner or Developer shall pay Development Fees for Road, Public Safety, School, Library and Parks (collectively, “Development Fees”) pursuant to this Section XII.E which shall be adjusted by the Adjustment Factor annually, and the Additional Adjustment Factor on July 1, 2026 and again on July 1, 2043, as set forth in the table below.

Related to Additional Adjustment Factor

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Potential Adjustment Event means any of the following:

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Adjustment Event means each of the following events:

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Adjustment Day means the first calendar day in each month.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Conversion Factor means 1.0, provided that in the event that the General Partner (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares, or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares, the Conversion Factor shall be adjusted by multiplying the Conversion Factor by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date for such dividend, distribution, subdivision or combination (assuming for such purposes that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on such date and, provided further, that in the event that an entity other than an Affiliate of the General Partner shall become General Partner pursuant to any merger, consolidation or combination of the General Partner with or into another entity (the “Successor Entity”), the Conversion Factor shall be adjusted by multiplying the Conversion Factor by the number of shares of the Successor Entity into which one REIT Share is converted pursuant to such merger, consolidation or combination, determined as of the date of such merger, consolidation or combination. Any adjustment to the Conversion Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event; provided, however, that if the General Partner receives a Notice of Redemption after the record date, but prior to the effective date of such dividend, distribution, subdivision or combination, the Conversion Factor shall be determined as if the General Partner had received the Notice of Redemption immediately prior to the record date for such dividend, distribution, subdivision or combination.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;