Retroactive Adjustment definition
Examples of Retroactive Adjustment in a sentence
Additional Maturity Settlement Shares shall be delivered to Holders not later than the later of (i) 10 Business Days following the date the relevant Share Settlement Retroactive Adjustment becomes effective (the "Share Settlement Reference Date") and (ii) the Maturity Date.
If at the commencement of the renewal term in question the Fair Market Rent has not been determined pursuant to paragraphs 3 or 4, the Fixed Rent shall be paid in the amount of the Rent Minimum and a retroactive adjustment shall be made as a lump-sum paid within 30 days after such a determination is made, but only if the Fair Market Rent is higher ("Retroactive Adjustment").
Without prejudice to the provisions of Condition 3, upon a Retroactive Adjustment becoming effective in accordance with this Condition 6 (b), the relevant Additional Shares shall be delivered as soon as possible after calculation of the number of the Additional Shares.
Pro Rata Share of Landlord's estimate of Excess Operating Expenses for the new Operating Expense Year ("Estimated Operating Expense Rent") determined in accordance with this Paragraph; and (5) The amount of the Retroactive Adjustment, if any, in accordance with the following.
However, Tenant is responsible for payment (or is eligible for a credit, as the case may be) of any difference between the old Estimated Operating Expense Rent paid for any period of the new Operating Expense Year and the new Estimated Operating Expense Rent payable for that same period ("Retroactive Adjustment").