Unamortized Costs means the historical cost of a fixed asset less the total depreciation shown against that asset up to a specified date. Unamortized costs for this Agreement may include, but are not limited to, design/engineering plans, camera foundation construction and installation, restoration of camera location to its original condition and cost of equipment.
Unamortized Costs means Costs incurred by the Landlord, 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. The Term "Costs" shall mean and refer to all actual expenditures of the Landlord, for alterations and improvements in connection with this Lease , all leasing commissions paid by Landlord, legal fees actually paid by Landlord in connection with the preparation, execution and delivery of the Leases and any documents or instruments delivered to Landlord or Tenant in connection with the Leases, architectural fees, and all other fees and expenses of whatever kind or nature related to the entering into, the execution and delivery of these Leases and the performance of Landlord's obligations pursuant to the Leases which do not and did not constitute Additional Rent and which were not otherwise paid by Tenant or others..
Unamortized Costs means the portion of the actual, out-of-pocket cost of the applicable Capital Alteration attributable to the period occurring after expiration of the Term calculated as if such cost was amortized on a straight-line basis over the useful life of the applicable Capital Alteration, as reasonably determined by Tenant; provided that the cost of the applicable Capital Alteration used to calculate the Unamortized Costs shall not exceed the estimated cost set forth in the Tenant CapEx Notice unless such increase has been approved by Landlord. To the extent that Landlord pays to Tenant any Unamortized Costs and Tenant subsequently exercises a Renewal Option under this Lease which results in Landlord having paid Unamortized Costs on account of time periods that fall within the Term, Tenant shall reimburse any overpayment by Landlord within thirty (30) days following receipt of an invoice therefor from Landlord.
Examples of Unamortized Costs in a sentence
McCargo, recorded in Deed Book Volume 7928, Page 355; from Gra-Co, Incorporated, recorded in Deed Book Volume 7928, Page 372; and from Graham Realty Company and Grant McCargo, recorded in Deed Book Volume 7928, Page 367.
He agreed with Mr. Lacey that, in making its calculation, BGE failed to include certain cost categories, and it significantly understated costs in the categories it did include.BGE listed a total of eight cost categories: (1) Billing System Amortization Expense; (2) Billing System Unamortized Costs; (3) Credit & Collections; (4) Billing; (5) Call Center; (6) Regulatory; (7) Accounting; and (8) Legal.
These charges are reflected in Bond Premiums and Unamortized Costs in the Consolidated Statements of Operations.
GEC noted that the development proposals included landscaping belts of about 20m width to the west and east of the parking / access / area; a hedgerow / landscaped area of native species around the western and southern boundaries of the site; and a deeper landscaping / habitat area adjacent to the eastern boundary including balancing ponds which will provide wetland habitats.
Lessor shall have the right to assign, sell, mortgage, pledge or in any other manner transfer this Lease or any interest therein to any person; provided that if the transferee is not Canal Dock, Lessee may terminate this Lease on written notice to the City, and the City shall pay Lessee the then Unamortized Costs upon such termination.
More Definitions of Unamortized Costs
Unamortized Costs as shown in Exhibit "H" shall be reduced, as of any point in time during the term hereof, by the amount of the "Unamortized Costs" as shown in Exhibit "H" which are effective as of the date of the stated expiration date of the Sublease.
Unamortized Costs shall be defined as the Conversion Cost minus any reimbursements made by the Fund, or any other entity, to FDISG to off- set such Conversion Costs. Such amortization shall be straight-line over three years.
Unamortized Costs consisting of the remaining balance of unamortized tenant improvement and leasing commission costs amortized at a rate of 6.0% per annum (collectively the “Termination Fee”). Within thirty (30) days after final completion of Landlord’s Work in the Premises, Landlord shall deliver to Tenant a schedule of the Unamortized Costs applicable to the remainder of the Extension Term. Tenant’s payment of the Termination Fee when and as required under this ¶ 5.1 is an express condition precedent to Tenant’s effective exercise of its termination option hereunder; and if Tenant fails to exercise its early termination right when and as provided hereunder, including timely payment of the Termination Fee, Tenant’s exercise of its early termination right shall be void and of no effect, and the Lease shall remain in effect as if Tenant had not attempted the exercise of its early termination right. Time is of the essence of this ¶ 5.1.
Unamortized Costs means the historical cost of a fixed asset less the total depreciation shown against that asset up to a specified date. Unamortized costs for this Agreement may include, but not limited to training, design/engineering, construction, development, equipment.
Unamortized Costs means unamortized Lease-Up Costs as of the Early Termination Date if such Lease-Up Costs were being fully amortized on a straight-line basis over the 63 months of the initial Lease Term at an interest of 12% per annum. “Lease-Up Costs” shall mean the Tenant Allowance (as defined on Exhibit C), all leasing commissions paid to Brokers by Landlord in connection with this Lease and all other out-of-pocket expenses incurred by Landlord with respect to this Lease.
Unamortized Costs shall be deemed to mean the aggregate of those portions of all costs incurred by Landlord in connection with this Agreement that will not have been recouped by Landlord (through amortization, as addressed below) as of the Cancellation Date, which costs shall include, without limitation, each of the following: (i) $1,092,234.00, as the stipulated and agreed-upon value of the Allowance (hereinafter defined) , or such portion thereof as received by Tenant from Landlord pursuant to this Agreement; and (ii) all brokerage commissions actually paid by Landlord in connection with this Agreement. For the purpose of calculating the Unamortized Costs, the total costs described above shall be amortized over the Amortization Term (hereinafter defined), as if same were a one hundred twenty (120) month, self-amortizing loan at an annual interest rate of seven (7.0%) percent, payable in equal monthly
Unamortized Costs as used herein, shall be deemed to mean those portions of all costs incurred by Landlord in connection with this Lease that have not been amortized as of the Cancellation Date, which costs shall include, without limitation, each of the following: (y) construction, architectural, engineering and other costs and fees associated with the performance of any and all construction performed by Landlord or Landlord's contractors on behalf of Tenant (including the Landlord's Initial Work), and (z) $191,820.00, representing the Broker's commission. For the purpose of calculating the Unamortized Costs, the total costs described above shall be amortized over the entire Term of this Lease as if same were a ten (10) year, self-amortizing loan at an annual interest rate of eight (8%) percent, payable in equal monthly installments of principal and interest combined. The amount of the Unamortized Costs shall be equal to the amount that would be outstanding under such loan as of the Cancellation Date.