Replacement Units definition
Examples of Replacement Units in a sentence
If prior to the vesting of such Replacement Units your employment ends, other than for Retirement, Without Cause, or with Good Reason (as defined in the Severance or Executive Severance Agreement), Replacement Units shall not vest and the Replacement Award shall be cancelled.
For the purposes of conversion, the value of the Target Award shall be calculated based on the average closing price of the Company shares for the ten days prior to the Change of Control and the value of the Replacement Units shall be calculated based on the average closing price of common stock of the Acquirer for the ten days prior to the Change of Control.
Field Replacement Units (“FRU) If your replacement part is not considered a CRU, then it is a Field Replacement Unit (FRU).
Developer shall, as part of the Recorded Restrictions or as part of a subdivision map, waive any and all rights to evict tenants under the ▇▇▇▇▇ Act and any other laws or regulations that permit owner move-in evictions for any of the Replacement Units.
The locations of the ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Lots as set forth on the Housing Map have been selected, and the number of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Replacement Units set forth on the Housing Map for each such Lot has been established, by Developer and the Agency but remains subject to the approval of HUD and the Housing Authority.
This Below-Market Rate Housing Plan requires that no less than thirty-one and eighty six hundredths percent (31.86%) of the Units constructed in the Project Site be Below-Market Rate Units, including ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Replacement Units, Agency Affordable Units, Inclusionary Units and Workforce Units, each with at least the applicable Percentage of Total Units for each applicable AMI Percentage as set forth in the Below-Market Rate Table.
Notwithstanding the foregoing, the City shall not assess Impact Fees and Exactions against the Replacement Units regardless of whether the Replacement Units have a larger Gross Floor Area than the existing units that they are replacing.
If the Units are not available to provide any portion of the Product for any reason including without limitation any Outage or any adjustment of the Capacity Attributes of any Unit, Seller shall provide Buyer with Replacement Capacity from one or more Replacement Units pursuant to Section 5.1. If Seller fails to provide Buyer with Replacement Capacity pursuant to Section 5.1, then Seller shall be liable for damages and/or to indemnify Buyer for penalties, fines or costs pursuant to the terms of Section 5.
For example, if an ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Replacement Project has eighty (80) Units, including twenty (20) Agency Affordable Units and sixty (60) ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Replacement Units, then the Agency shall be responsible for twenty five percent (25%) (20/80 = 25%) of the Cost Overruns and Developer shall be responsible for seventy-five percent (75%) (60/80 = 75%) of the Cost Overruns for such ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Replacement Project.
If Seller fails to provide Buyer any portion of the Contract Quantity from Replacement Units for any Showing Month as required by Section 5.1, then the following shall apply: Buyer may, but shall not be obligated to, obtain Replacement Capacity.