Site Improvement Work definition
Examples of Site Improvement Work in a sentence
The termination of this Lease for a Parcel does not change the valuation for the Site Improvement Work completed on the Parcel whose Lease has been terminated, as more fully described in Exhibit B.1.
In the event that the Site Improvement Costs are less than ten million eight hundred thousand dollars ($10,800,000) upon Site Improvement Cost Certification, the net present value of the actual total dollars expended on Site Improvement Work shall be calculated into an annual payment based upon the thirty (30) year duration of the lease with a six percent (6%) annual percentage rate increase.
The Landlord shall credit Tenant up to $850,000 per year on such payments for Site Improvement Work, as more fully described in Exhibit B.1, or until the net present value of the actual total dollars expended on such improvements is fully amortized.
Furthermore, Owner shall have the right to assign the Guaranty being given to the Owner by Ramco-▇▇▇▇▇▇▇▇▇▇ Properties, L.P., sole owner of Manager, to Wal-Mart, as to the Site Improvement Work.