Surrender Condition definition

Surrender Condition is defined in Section 29.
Sample 1
Surrender Condition means (i) vacant and broom clean, (ii) all alterations, decorations, installations, additions, improvements, fixtures, furnishings and equipment located on the floor to be surrendered remaining in place on such floor except all moveable office furniture shall be removed from such floor by Tenant, (iii) all systems which Tenant has installed which connect the floor to be surrendered to the other floors of the Premises shall, at Tenant's sole cost, be disconnected in order that the floor to be surrendered is independent of the remaining floors of the Premises (including but not limited to, (a) disconnecting such floors from any totalizer, (b) disconnecting any security and fire life safety systems and installing in substitution thereof panic bars on the doors, where appropriate, and (c) disconnecting all telecommunications systems) and (iv) all damage, other than de minimis damage, caused by Tenant's surrender shall be repaired by Landlord and Tenant shall pay the cost thereof as Additional Rent.
Sample 1
Surrender Condition means a term or condition referred to in section 40 (1) (c) (ii), and includes a requirement referred to in section 35 (1) (b) (iii) that is deemed under section 35 (2) (c) to be a surrender condition;
Sample 1

Examples of Surrender Condition in a sentence

  • Good resistance to mild chemical fumes, outstanding gloss and color retention.

  • Therefore I do not say that Schlick is wrong, but only, that I am not inclined to accept his proposal concerning the limitation of the range of sentences acknowledged as meaningful.

  • Failure of either party to deliver notice to the other on or before January 24, 2014 that the Surrender Condition in A.3 or A.4 (as applicable) has been met will be deemed to mean that it has not been met and that the Lease shall not be terminated.

  • The "Surrender Condition" shall mean that the New Lease Premises shall be free and clear of all tenants and occupants claiming by, through, or under Designs (including, without limitation, Designs), and Designs shall have given notice to O.M. in the form of Annex H attached hereto.

  • In the event the Surrender Condition is not satisfied on or before March 31, 2010, Tenant shall remain responsible for Basic Rent, Additional Rent and other costs, expenses and charges due under the Lease (without regard to modification to Basic Rent provided in this Amendment) with respect to the Surrender Space until the earlier of the date (i) Surrender Condition is satisfied, or (ii) the date the Term would have expired without regard to any extension undertaken pursuant to this Amendment.

  • If Sellers fail to deliver the Premises in the Surrender Condition or to make any payments due to Buyer hereunder, Buyer shall have the right to deduct any sum required to deliver the Premises in the Surrender Condition and/or any amounts owed by Seller hereunder from the Escrowed Funds (including, without limitation, the penalty fee stated in Section 9), and the balance of the Escrowed Funds, if any, shall be refunded to Sellers.

  • If Buyer makes any expenditures or incurs any obligations for the payment of money in connection with Sellers’ default, including but not limited to, Sellers’ failure to surrender the Premises in the Surrender Condition, such sums and obligations, together with reasonable attorneys’ fees in instituting, prosecuting or defending any action or proceeding, shall be paid by Sellers to Buyer, or Seller shall have the right to use the Escrowed Funds if Seller does not make the payments due hereunder.

  • If each Surrender Condition has not occurred prior to the Effective Date, this Agreement shall be null and void and of no further force or effect and the Lease shall remain in full force and effect without modification as herein provided.

  • The CVA did not secure approval before filing suit, and therefore, it had to be dismissed, the Tuers contended.

  • As noted in Gun Surrender Condition above, the surrender must be ordered on a specific date and time and shall specify the place where the firearms shall be surrendered.


More Definitions of Surrender Condition

Surrender Condition has the meaning set forth in Section 9.1.
Sample 1
Surrender Condition means that condition that is “broom-clean” and in as good order and condition as existed on the Commencement Date and as thereafter improved by Landlord or Tenant and in compliance with Tenant’s Management Standard set forth in Section 7.3, except for ordinary wear and tear, damage that Landlord has the obligation to repair under the terms of this Lease at Landlord’s cost and expense, and Alterations that Tenant does not have the obligation to remove in accordance with Section 8.2.
Sample 1
Surrender Condition means restoration of the Relinquished Premises to shell warehouse condition (except for the office space in the front of the Relinquished Premises, which office space must be restored to broom clean condition, free of any and all debris, furniture, boxes and other personal property of any nature), broom clean and free of all debris, personal property, alterations, improvements, partitions, trade fixtures, concrete slabs and manufacturing equipment installed by or on behalf of Tenant and in connection therewith Tenant shall repair any material damage caused by removal of the such debris, personal property, furniture, partitions, alterations, improvements, partitions, trade fixtures, concrete slabs and manufacturing equipment provided, however, that Tenant shall not be required to wax or seal the floors or paint the walls.
Sample 1
Surrender Condition means that, on or before the Expiration Date, Tenant shall, at Tenant’s sole cost and expense:
Sample 1
Surrender Condition means that the New Lease Premises shall be free and clear of all tenants and occupants claiming by, through, or under Designs (including, without limitation, Designs), and Designs shall have given notice to O.M. in the form of Annex H attached hereto. The Surrender Condition shall be considered to be satisfied regardless of whether Designs abandons or removes its personal property from the New Lease Premises. The "Required Surrender Date" shall mean the date on which the New Lease is terminated or the Term thereof expires.
Sample 1

Related to Surrender Condition

  • Delivery Condition has the meaning set forth in Section 2.2(a).

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Minimum Condition has the meaning set forth in Annex I.

  • Release Condition means the following:

  • OTHER CONDITIONS Any subsequent contracts shall supersede the provisions of this contract. This contract is void if the Party of the Second Part does not hold a valid license in accordance with Section 6-17-401 A.C.A. for the full term of the contract. Given this, the 25TH DAY OF APRIL, 2017 PARTIES: The Fort Xxxxx School District 100, Party of the First Part, and XXXXXXXXX XXXXX XXXXXX Party of the Second Part, agree as follows:

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Change in condition means a change in physical condition of the employee as well as any change

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below), (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage” shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Liquidity Condition means an event of immediate termination or suspension as specified in a Liquidity Facility, upon the occurrence of which the Standby Purchaser is not obligated to purchase Multi-Modal Bonds, and, accordingly, such Bonds are not subject to tender for purchase.

  • Equity Conditions means, during the period in question, (a) the Corporation shall have duly honored all conversions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the applicable Holder on or prior to the dates so requested or required, if any, (b) the Corporation shall have paid all liquidated damages and other amounts owing to the applicable Holder in respect of the Preferred Stock, (c)(i) there is an effective registration statement pursuant to which either (A) the Corporation may issue Conversion Shares or (B) the Holders are permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Corporation believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares may be issued to the Holder pursuant to Section 3(a)(9) of the Securities Act and immediately resold without restriction, (d) the Common Stock is trading on a Trading Market and all of the shares issuable pursuant to the Transaction Documents are listed or quoted for trading on such Trading Market (and the Corporation believes, in good faith, that trading of the Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (e) there is a sufficient number of authorized, but unissued and otherwise unreserved, shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents, (f) the issuance of the shares in question to the applicable Holder would not violate the limitations set forth in Section 6(d) herein and (g) the applicable Holder is not in possession of any information provided by the Corporation, any of its Subsidiaries, or any of their officers, directors, employees, agents or Affiliates, that constitutes, or may constitute, material non-public information.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than 150% of the outstanding principal amount of the Secured Obligations plus the Qualified Cash A/P Amount.

  • Acute condition means a disease, illness or injury that is likely to respond quickly to treatment which aims to return the person to his or her state of health immediately before suffering the disease/ illness/ injury which leads to full recovery.

  • these Conditions means the standard terms and conditions of purchase set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller;

  • restrictive condition means any condition registered against the title deed of land restricting the use, development or subdivision of the land concerned:

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Acceptance Condition means the acceptance condition to any Offer;

  • Mental health condition means a condition defined to be

  • Extension Conditions Defined in Section 3.06(a).