Owner's Share definition

Owner's Share means a fraction having twelve (12) as its denominator and the number of months or part thereof such person has been one of the Hotel Personnel as its numerator. All expenses for Off-Site Personnel shall be included as a separate category or item of the Operating Budgets or shall otherwise be approved by Owner. Manager agrees that it will consult with Owner regarding the hiring, transferring, or terminating of the general manager and director of sales for the Hotel. Owner shall be afforded an opportunity to review the resumes of, and to interview, the candidates for these positions, all within a time frame established by Manager, which shall be reasonable under the circumstances in question. Manager and Owner shall consult with each other concerning such decisions and Manager agrees to give serious consideration to the views of Owner prior to Manager's making a final decision with respect to any such individual;

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Owner's Share shall have the same meaning as set forth in Section 7.1;

Examples of Owner's Share in a sentence

The Owner shall, upon request, be entitled to receive a certificate from the auditors confirming the Owner's Share of the Rental Business Income for each such period.
At the end of any calendar year, if the Owner's Share calculated for the calendar year is greater than the sum of the Owner Monthly Payments paid to Owner during the calendar year ("Owner Annual Payments"), the Manager's Incentive Fee for current and future months shall be reduced (without repayment) until Owner receives an amount equal to the lesser of (i) the HRP Maximum less the Owner Annual Payments, and (ii) the Owner's Share less the Owner Annual Payments.
Upon the recordation of such Amendment to the Declaration, each Townhome Owner's Share corresponding to each Townhome shall be consistent with the formula set forth in the Definitions, paragraph 23.
Parking Garage $30,000 per Accounting Same as Mall I Owner's Share.
Sewer $96,000 for 2004, adjusted Same as Mall I Owner's Share, annually thereafter based on subject to adjustment by the the percentage increase, if any, ratio of (a) Gross Square in the amounts charged by the Footage of the Mall II Property applicable utility companies (including Level 92' Retail from the first day of the prior Space and the Walgreen's Air Accounting Period to the last Rights Parcel) (b) Gross day of the applicable Square Footage of the Mall I Accounting Period.

More Definitions of Owner's Share

Owner's Share means the subject costs pooled on a monthly basis and prorated among all Rental Program Units in proportion to the amount of Gross Room Revenue received by the Unit during the month relative to the Gross Room Revenue received by all Rental Program Units for the same month.

Owner's Share means the revenue received by the Owner, calculated in accordance with clause 10.2;

Owner's Share means the unit entitlement for the Unit divide by the total unit entitlement for all of the Strata Lots considered to be in the Rental Pool for the purposes of section 3.2;

Owner's Share. (as defined in Section 5.1(c) hereof) of the general overhead expenses of Manager and its Affiliates. Manager shall only be entitled to compensation as and to the extent set forth in this Section 5.1 and Section 5.2 hereof. Without limitation on the generality of the foregoing, neither Manager nor any Affiliate of Manager shall be entitled to any leasing commissions in connection with the Shopping Center, but Manager shall be entitled to recover the Management Expenses relating to the leasing of space in the Shopping Center. Manager shall not enter into a general brokerage or leasing agreement with respect to the leasing of the Shopping Center. Such reimbursements shall be made pursuant to the following terms and conditions:

Owner's Share means Owners’ share of the amount by which the Total Construction Costs is less than or exceeds the Target Price, as such amount is determined in accordance with Section 8.5.

Owner's Share of Ancillary Event Funds”).

Owner's Share means the (i) Final Reimbursable Costs multiplied by (ii) the Contract Price divided by (iii) (a) the Contract Price plus (b) $39,000,000.