Building Balance definition

Building Balance means, at any time, the sum of (a) the Building Acquisition Cost plus (b) all Accrued Building Rent that is added to the Building Balance pursuant to paragraph (a) of the definition of “Building Rent,” less (c) amounts paid by the Sublessee as Building Rent pursuant to paragraph (c)(i) of the definition of “Building Rent” (but not any other payments of Rent).
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Examples of Building Balance in a sentence

  • The Bank shall pay or reimburse the Executive for all reasonable travel and other expenses incurred by the Executive in the performance of his services under this Agreement.

  • On each Basic Rent Payment Date during the First Rental Period, all Building Rent accrued as of such date and not paid (“Accrued Building Rent” ) shall be added to the Building Balance.

  • Building Rent for the Second Rental Period shall be in an amount equal to interest at the Base Rate on the Building Balance from time to time outstanding.

  • The Eco Building Balance Sheets are true and accurate and fairly present as of their respective dates the financial condition of Eco Building.

  • Favorable Leases Balance Sheet y 1502-000 A/D - Land Improvements Balance Sheet y 1503-000 A/D - Building Balance Sheet y 1504-000 A/D - Building Imp.

  • As of the respective dates of the Eco Building Balance Sheets, except as and to the extent reflected or reserved against therein, Eco Building had no liabilities or obligations (absolute or contingent) which should be reflected in the Eco Building Balance Sheets or the notes thereto prepared in accordance with GAAP, and all assets reflected therein are properly reported and fairly present the value of the assets of Eco Building, in accordance with GAAP.

  • Building Rent for the First Rental Period shall be in an amount equal to interest at the Base Rate on the Building Balance from time to time outstanding.

  • It is the intent of the parties hereto that, if there is an Amortizable Building Balance, then if all installments of the Building Rent are paid in full when due in accordance herewith until the Expiration Date, the Amortizable Building Balance shall be paid in full by the Expiration Date and,, at the Expiration Date, the Building Balance shall equal the Building Acquisition Cost.

Related to Building Balance

  • Residence premises means: a. The one family dwelling where you reside; b. The two, three or four family dwelling where you reside in at least one of the family units; or c. That part of any other building where you reside;

  • Lease Balance means, as of any date of determination, an amount equal to the aggregate sum of the outstanding amount of the Advances, plus (without duplication) all accrued and unpaid Basic Rent and all Supplemental Rent owing by the Lessee under the Operative Documents.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • building line means a rear space, side space or street front space;

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.