Applicable Allowance definition

Applicable Allowance means (aa) the Block A and B Allowance in the case of a termination of this Lease, (bb) the portion of the Block A and B Allowance allocable to the Block A Space in the case of a termination of this Lease as to the Block A Space or any portion thereof, (cc) the portion of the Block A and B Allowance allocable to the Block B Space in the case of a termination of this Lease as to the Block B Space or any portion thereof and (dd) the Block C Allowance in the case of a termination of this Lease as to the Block C Space or any portion thereof. For purposes of clauses (bb) and (cc) above, $13,804,974 of the Block A and B Allowance shall be deemed allocable to the Block A Space and $6,496,459 of the Block A and B Allowance shall be deemed allocable to the Block B Space. If Tenant timely gives a termination notice pursuant to this Section 1.03(c), this Lease shall terminate in its entirety or with respect to the Late Delivery Terminated Space, as applicable, on the 20th day after such notice is given by Tenant and Tenant shall surrender the Premises, or the Late Delivery Terminated Space, as applicable, to Landlord in accordance with the terms of this Lease. Upon a termination of this Lease with respect to less than the entire Premises, there shall be a pro rata reduction of Tenant's Rent obligations to reflect such partial termination and Landlord and Tenant shall promptly enter into an instrument evidencing such partial termination and the reduced rentable area of the Premises (such rentable area to be determined in a manner consistent with the method used in calculating the rentable area of the Premises initially demised under this Lease); provided, that the failure to enter into such instrument shall not affect the effectiveness of such partial termination.

Related to Applicable Allowance

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Retirement allowance means the retirement payments to which a member is entitled.