Lease Termination Charges definition

Lease Termination Charges means one-time expenses incurred by Borrowers and their Subsidiaries during any period associated with any leased location which Borrowers and their Subsidiaries have vacated or expect to vacate for (a) the write-off of furniture and fixtures on such location which Borrowers and their Subsidiaries have ceased to use and will not retain, (b) the present value of remaining lease payments for such location relating to periods after Borrowers and their Subsidiaries have vacated such location, (c) the present value of remaining costs to be incurred by Borrowers and their Subsidiaries under support services agreements relating to such location and (d) other non-cash costs (including accruals for commissions) associated with exiting, closing or consolidating such locations.
Sample 1Sample 2
Lease Termination Charges. We record reserves for closed stores based on future lease commitments, anticipated ancillary occupancy costs and anticipated future subleases of properties. The reserves are calculated at the individual location level and the assumptions are assessed at that level. The reserve for lease exit liabilities is discounted using a credit adjusted risk free interest rate. Reserve estimates and related assumptions are updated on a quarterly basis. Changes in the real estate leasing markets can have an impact on the closed store reserve. Additionally, some of our closed stores were closed prior to our adoption of ASC 420, “Exit or Disposal Cost Obligations.” Therefore, if interest rates change, reserves may be increased or decreased. As of March 4, 2017, a 50 basis point variance in the credit adjusted risk free interest rate would have affected pretax income by approximately $0.6 million for fiscal 2017.
Sample 1
Lease Termination Charges means one-time expenses incurred by the Borrower and its Subsidiaries during any period associated with any leased location which the Borrower and its Subsidiaries have vacated or expect to vacate for (a) the write off of furniture and fixtures on such location which the Borrower and its Subsidiaries have ceased to use and will not retain, (b) the present value of remaining lease payments for such location relating to periods after the Borrower and its Subsidiaries have vacated such location, (c) the present value of remaining costs to be incurred by the Borrower and its Subsidiaries under support services agreements relating to such location and (d) other non-cash costs (including accruals for commissions) associated with exiting, closing or consolidating such locations.
Sample 1

Examples of Lease Termination Charges in a sentence

  • Minimum of a bachelor’s degree preferably a Masters in fisheries and (or) aquaculture, and other biology or aquatic sciences course b.

  • Direct management tasks should be written clearly and not duplicate work described in other category descriptions.


More Definitions of Lease Termination Charges

Lease Termination Charges means one-time expenses incurred by the Loan Parties in the fiscal quarters ending September 30, 2003 and December 31, 2003 associated with any leased location which the Loan Parties have vacated (or expect to vacate by January 31, 2004) in an aggregate amount not to exceed $75,000,000 for (1) the write off of furniture and fixtures on such location which the Loan Parties have ceased to use and will not retain, (2) the present value of remaining lease payments for such location relating to periods after the Loan Parties have vacated such location, (3) the present value of remaining costs to be incurred by the Loan Parties under support services agreements relating to such location and (4) other non-cash costs (including accruals for commissions) associated with exiting, closing or consolidating such locations.
Sample 1

Related to Lease Termination Charges

  • Termination Charges means any compensatory charges payable by the Customer to BT on termination of this Agreement in whole or in part or a Service as set out in a Schedule or Order. “Transaction Taxes” mean VAT, GST, sales, consumption, use or other similar taxes, customs duties, excise taxes, and regulatory and other fees or surcharges relating to the provision of a Service. “UK GDPR” means the GDPR as applicable as part of UK domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 and as amended by the Data Protection, Privacy and Electronic Communications (Amendments etc) (EU Exit) Regulations 2019 (as amended), as amended or replaced. “User” means any person who is permitted by the Customer to use or access a Service.

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Lease Termination Date means the last day of the Lease Term.

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities, for aircraft, their crews, passengers and cargo.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Cancellation Charges means collectively (i) the Booking Amount; (ii) all interest liabilities of the Allottee accrued till date of cancellation; and (iii) brokerage paid to real estate agent/channel partner/broker, if any (iv) the stipulated charges on account of dishonour of cheque; (v) administrative charges as per Promoter’s policy and (vi) amount of stamp duty and registration charges to be paid/paid on deed of Cancellation of this Agreement

  • Termination Costs The costs and expenses related to the termination of any Servicer, the appointment of a successor servicer or the transfer and assumption of servicing with respect to the related Servicing Agreement, including, without limitation, the items set forth in Section 3.03(c).

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

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

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Monthly Charges means a finance carrying charge of **** and a storage and handling charge of ****, in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Water Charges means service charges in respect of the provision of water.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • CCAA Charges means the Administration Charge and the Directors’ Charge;