Repair Amount definition

Repair Amount means all Liabilities to be paid or incurred by Buyer, Marcus or any of their respective Affiliates following the Closing to complete the remediation of all Outstanding Repairs that are not completed in full as of the Closing in accordance with Section 5.6.
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Repair Amount means, for the Stub Period and the First Lease Year, the sum of $200,000.00 and, for every Lease Year thereafter, the Repair Amount for the prior Lease Year, increased by one and one-half percent (1-1/2%).
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Repair Amount means the Due Proportion in respect of each Relevant Repair Period;
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Examples of Repair Amount in a sentence

  • Reason Code Text 2 BK Discharge/Dismissal Date Date/Time 8 Property Damage Date Date/Time 8 Property Repair Amount Currency 8 BK Hearing Date Date/Time 8 POC Date Date/Time 8 POC Amount Currency 8 BK Case Number Text 30 Maximum F/C Sale Amount Currency 8 Redemption Exp.

  • Unless required by applicable federal, state or local law or regulation, Tenant shall obtain the prior written consent of Landlord and Lender to any alteration (i) which would result in a diminution in the value of the Premises, (ii) the cost of which in the aggregate exceeds the Threshold Repair Amount or (iii) which is structural in nature, which consent to a structural alteration shall not be unreasonably withheld.

  • The Major Damage Election Notice shall be delivered by Purchaser to Seller within five (5) Business Days following the final determination of the Estimated Repair Amount pursuant to Section 11.2(b)(iii).

  • If Lender determines that Borrower has not spent the Repair Amount (by December 31, 2000), then beginning with the April, 2001, monthly payments due under the Loan, Borrower shall make monthly payments equal to the Amortizing Payments, and the Amortizing Payments shall continue until Lender determines that Borrower has spent the Repair Amount.

  • Borrower shall document the payment of the Repair Amount and the completion of the applicable repairs, capital improvements and replacements made by Borrower by furnishing to Lender, on or before March 1, 2001, annual financial statements (for the years 1999 and 2000) and certifications of the Borrower reflecting such expenditure and any other such written documentation as Lender shall reasonably require.

  • Borrower shall be required to spend, between January 1, 1999 and December 31, 2000, at least $2,400,000 (the "Repair Amount"), in the aggregate, on the repairs, capital improvements and replacements for the entire Portfolio as outlined on Exhibit F attached hereto and by this reference made a part hereof.

  • Merchant Processing Solutions, LLC, et al." The add back for calculating EBITD A described in this Section shall be applicable only for the quarter in which the Expert Auto Repair Amount is recognized in Borrowers' financial statements.

  • Borrowers, Collateral Agent, and Lenders agree that, for the Fiscal Quarter, if any, in which the Expert Auto Repair Amount (as defined below) is recognized by Borrowers in their relevant financial statements, the Expert Auto Repair Amount shall be added back to all calculations of EBITDA.

  • For purposes of this Section, the "Expert Auto Repair Amount" is defined as the amount, which shall not exceed $1,000,000.00, which is utilized by Borrowers in connection with the settlement of that certain class action lawsuit styled "Expert Auto Repair, Inc.

  • If Sellers and Buyers are unable to agree on the Repair Amount, the Repair Amount shall be determined by an independent third-party appraiser selected by Sellers and Buyers with experience in estimating the cost of the applicable repairs or replacements, with the fees and expenses of such appraiser payable one-half by Sellers and one-half by Buyers.


More Definitions of Repair Amount

Repair Amount has the meaning set forth in Section 5.16.
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Repair Amount means that amount necessary to ensure that the Over-collateralisation Tests are met together with a 5 per cent. cushion.
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Repair Amount means all Liabilities to be paid or incurred by Buyer, Marcus or any of their respective Affiliates following the Closing to complete the remediation of all Outstanding Repairs that are not completed in full as of the Closing in accordance with Section 5.6 .
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Related to Repair Amount

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Executive without causing Executive to become liable for any Excise Taxes in connection therewith; and

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.