Unamortized Cost definition

Unamortized Cost shall be as specified in the applicable Thermostat Unique Attachment, and shall represent that portion of WR’s total development cost with respect to a particular model of Customized Thermostat that has neither been paid directly by Comverge in the form of a Co-Development Payment (as defined in Article 2.2) nor recovered by WR through the sale of such Customized Thermostats to Comverge.

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Unamortized Cost the unamortized cost of the Property determined in accordance with Schedule B hereto.

Unamortized Cost means the unamortized hard costs of the initial construction of Lessee's restaurant building pursuant to Article XIII hereof (based on twenty-year straight-line depreciation), and including the cost of any additional improvements installed on the premises by Lessee (but specifically excluding (i) the cost of any repair and maintenance items which are typically treated as expenses for financial accounting purposes, (ii) the cost of Lessee's furniture, trade fixtures and inventory), and (iii) site improvements costs such as, but not limited to, parking areas, landscaping and other improvements outside of the building structure.

Examples of Unamortized Cost in a sentence

In the event that Landlord chooses to terminate the Lease pursuant to this Section 10.03 it shall pay to Tenant an amount equal to the Unamortized Cost of the Tenant's Leasehold Improvements, less any amounts received by Tenant on account of insurance covering the same and less the amount of payments made by Landlord in accordance with Section 3.10(b).
For the purposes of this Section the term Unamortized Cost shall mean Costs incurred by the Tenant, amortized on a nine year schedule beginning on the Commencement Date and assuming equal monthly payments of principal and interest, with interest at a rate equal to one percent (1%) over the prime rate of Citibank, N.A. on the Commencement Date.
Except for these payments and any liability of Comverge for the Unamortized Cost under the applicable Thermostat Unique Attachment, each Party will be responsible for its own costs and expenses in connection with the Co-Development.
Exhibits E-1 (Tenant Improvements) and E-2 (Unamortized Cost Schedule) to the Lease Agreement, Paragraph 7 (Construction Allowance) to the First Amendment, and Paragraph 7 (Construction Allowance) to the Second Amendment, have been fulfilled and are hereby deleted.
For the purposes hereof, the Unamortized Cost of the Commissions shall mean the unamortized cost on a five (5) year amortization at ten (10%) percent interest, as of the date of the Termination Notice of the total amount of commissions paid by Landlord in connection with this Lease which shall equal $4,994.55.
Landlord’s prior approval shall be required for any Required Element for which Landlord may be obligated to pay the Unamortized Cost.
If the Lease is terminated in accordance with the foregoing and provided there is not then existing an Event of Default or an event which with the giving of notice or the passage of time, or both, would constitute an Event of Default, the Authority shall reimburse Tenant for the Unamortized Cost of the Convenience and Filling Center Facility as defined in Section 3.3 within ninety (90) days of such termination.
In the event of termination pursuant to this Section 10(b), Comverge agrees to pay to WR its Unamortized Cost (as defined below) related to the development of the Customized Thermostats, including, without limitation, design, tooling and non-recurring engineering costs.
Unamortized Cost represents that portion of WR’s total development cost (agreed to be $ )in respect of the Customized Thermostats that has neither been paid by Comverge via the Co Development Payment ($[insert amount of the Co-Development Payment under Section 3]) nor recovered through the sale of Customized Thermostats to Comverge.

More Definitions of Unamortized Cost

Unamortized Cost means an amount equal to the contract balance remaining on a Lease less the unearned income on such Lease.

Unamortized Cost refers to the result obtained by multiplying the Brokerage Commission or the Tenant Work Allowance, as the case may be, by a fraction, the numerator of which is the number of months which remain or would have remained during the Term following the date of the Event of Default, and the denominator of which is two hundred forty (240).

Unamortized Cost is defined for these purposes to mean the unamortized cost of all leasehold improvements, alterations, additions and fixtures paid for or incurred by Tenant in or about the Expansion Space and Premises and based upon a 7-1/2 year straight line amortization of such costs and expenses starting with the commencement date(s) of the lease(s) for the Expansion Space and/or date of improvements to the Premises.