Surrender Payment definition

Surrender Payment means a payment which shall be payable from the Transporter to a Shipper in respect of IP Capacity which is accepted for surrender in accordance with the OS Scheme;

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Surrender Payment means a payment which shall be payable from the Transporter to a

Surrender Payment means any one of the Surrender Payments.

Examples of Surrender Payment in a sentence

• In further consideration of the Landlord agreeing to the surrender by the Tenant of the Surrendered Premises, the Tenant covenants and agrees to pay to the Landlord a surrender payment of $992,291.11 plus GST (the "Post Feb 1/03 Surrender Payment") on or before February 1, 2003.

• If Tenant fails to pay Landlord the Additional Surrender Payment (or * Omitted and submitted by the Filers separately to the U.S. Securities and Exchange Commission under a request for confidential treatment.

• The Tenant acknowledges and agrees that the Post Feb 1/03 Surrender Payment shall be secured by the Letter of Credit referred to in section 4.16 of the Lease (as the Lease is amended by this Agreement).

• In consideration of the acceptance of the surrender of the Surrender Space by Landlord, Tenant shall, no later than _______________ (_____) business days prior to the Effective Date, pay to Landlord, by unendorsed certified check of Tenant or by official bank check, the sum of _______________ Dollars ($__________) (the "Surrender Payment"), as liquidated and agreed damages for ▇▇▇▇▇▇'s failure to continue to lease the Surrender Space for the balance of the term of the Lease.

• Each Annuity in group (ii) owned by a Class Member will receive an Enhanced Surrender Payment based on a formula set forth below.

• If the New Agreement is not executed on or before August 1, 2018, then Landlord may terminate this Amendment by providing written notice thereof to Tenant, whereupon, this Amendment shall be null and void and of no force or effect and the Lease shall continue in full force and effect as if this Amendment had not been executed and the Surrender Payment shall thereupon be returned to Tenant.

• If Tenant shall fail to deliver the Surrender Notice and the Surrender Payment in accordance with the provisions of this Section 8, Tenant's exercise of the Surrender Right shall be null and void and Tenant shall have no further rights under this Section 8.

• Each Surrender Payment shall be exclusive of any HST/GST payable in respect of such Surrender Payment, and the applicable payor shall be responsible for, and shall fully indemnify and save harmless the Tenant from, all liabilities in respect of such HST/GST including related penalties, costs and interest.

• The fifty (50%) percent balance of the Surrender Payment shall be paid by Tenant to Landlord, as Additional Rent, on or before the Partial Surrender Effective Date.

• In consideration of the Tenant's covenant and agreement to pay the Pre Nov 1/02 Surrender Payment to the Landlord as set out in section 1.2 and the Post Nov 1/02 Surrender Payment to the Landlord as set out in section 1.3 and to pay the amounts referred to in section 1.9, the Landlord accepts the assignment, release and surrender referred to in section 1.1.

More Definitions of Surrender Payment

Surrender Payment means an amount, to be calculated by Landlord, subject to verification by Tenant, equal to the sum of (i) three (3) months of the Base Rent for the Surrender Space on a per RSF basis, in effect as of the Partial Surrender Effective Date (without taking into account any abatements, credits or offsets pursuant to Articles 22, 23 or otherwise), (ii) the unamortized brokerage commissions paid by Landlord to the Broker applicable to the Surrender Space, (iii) the unamortized cost of the Base Tenant Allowance and, if applicable, the Additional 5th Floor Tenant Allowance applicable to the Surrender Space paid by Landlord to Tenant (in cash or as a rent credit), and (iv) the unamortized cost of the [***] applicable to the Surrender Space, all on a per RSF basis as of the Partial Surrender Effective Date, with amortization to be calculated over the initial Term of this Sublease using an agreed upon [***]% per annum interest factor. An example of the calculation of the Surrender Payment for a Surrender Space containing 25,000 RSF and a Partial Surrender Effective Date that occurs on the 5th anniversary of the Commencement Date is annexed as Exhibit S. Without extending the Partial Surrender Notice Date, promptly after Tenant’s request given to Landlord at any time after the date that is one hundred eighty (180) days following [***], Landlord shall notify Tenant of the amount of the Surrender Payment. Any dispute concerning the amount of the Surrender Payment shall be determined by arbitration in accordance with the provisions of Article 34. Until such dispute is resolved either by mutual agreement of Landlord and Tenant or pursuant to arbitration, Tenant shall pay the Surrender Payment as calculated by Landlord and if the dispute is resolved in favor of Tenant, then the parties shall adjust the Surrender Payment.

Surrender Payment means a payment which shall be payable from Premier Transmission [ ]