Lease Adjustment Amount definition

Lease Adjustment Amount means an amount equal to (A) the difference between $470,000 and the remaining Liability (net of sublease rent) for the Company Entities under the lease (B) less any broker fees incurred in connection with the surrender or sublease.
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Lease Adjustment Amount shall be defined to mean the amount equal to (x) the number of shares of Common Stock outstanding 20 trading days after the date of issuance of the Company's press release announcing the execution of this letter of intent (the "Press Release Date"), multiplied by (y) the product of (1) the difference obtained by subtracting (A) the average closing price per share of Common Stock for the five (5) trading prior to the Press Release Date from (B) the average closing price per share of Common Stock for the 20 trading days after the Press Release Date, if a positive number, and (2) 0.75; provided that, with respect to (y), if the product of (1) and (2) exceeds 7.5% of the Market Price Per Share, then such product shall equal the Market Price Per Share multiplied by 7.5%.
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Lease Adjustment Amount as defined in Section 2.3. "Legal Requirement" - any federal, state, local, municipal, foreign, international, multinational, or other constitution, law, ordinance, principle of common law, code, regulation, statute, or treaty. "Liability" - with respect to any Person, any liability or obligation of such Person of any kind, character or description, whether known or unknown, absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise and whether or not the same is required to be accrued on the financial statements of such Person. "LSB" - as defined in the first paragraph of this Agreement. "LSBCC" - as defined in the first paragraph of this Agreement. "Marks" - as defined in Section 3.24(a)(i). "Material Consents" - as defined in Section 7.3.
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Examples of Lease Adjustment Amount in a sentence

  • The clean reads were then mapped against the latest version for C.

  • Pursuant to the APA, to the extent Comark does not obtain the consent to the assignment of the remaining 20% of Tier B Leases within 60 days following Closing (the “ Tier B Lease Deadline”), the Purchase Price will be reduced by the amount, if any, equal to the aggregate of the Lease Adjustment Amount for each such Tier B Lease (the “Lease Adjustment”).

  • Basis of preparation The Completion Accounts must be prepared and the amount of the Net Debt, the Container Rental Equipment Amount, the Net Tangible Assets Amount, the Working Capital Amount and the K&S Lease Adjustment Amount, must be calculated on the same basis as the Accounts.

  • Deposit means the amount(s) paid by the Purchaser to the Vendors' Representatives pursuant to clause 4.3. Determination Date means the fifth Business Day after the date on which the Completion Accounts, the amount of Net Debt, the Completion Container Rental Equipment Amount, the Net Tangible Assets Amount, the Working Capital Amount and the K&S Lease Adjustment Amount become final and binding on the Vendors and the Purchaser under this deed.

  • To the extent Comark does not obtain the consent to the assignment of the remaining 20% of Tier B Leases within 60 days following Closing (the “ Tier B Lease Deadline”), the Purchase Price will be reduced by the amount, if any, equal to the aggregate of the Lease Adjustment Amount for each such Tier B Lease (the “Lease Adjustment”).


More Definitions of Lease Adjustment Amount

Lease Adjustment Amount means the amount set forth on Schedule 7.2(c).
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Related to Lease Adjustment Amount

  • 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;

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(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.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • 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.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

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

  • Principal Adjustment In the event that the 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 or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Adjustment Escrow Amount means $1,000,000.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Contract Adjustment Payments means the payments payable by the Company on the Payment Dates in respect of each Purchase Contract, at a rate per year of [ ]% of the Stated Amount per Purchase Contract.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Adjusted Value as used in subdivision (d) means:

  • 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.

  • Substitution Adjustment Amount As defined in Section 2.03.