Work Charge definition
Work Charge shall have the meaning set forth in Section 4.16 hereof.
Work Charge shall have the meaning assigned to such term in Section 4.5(a) hereof. All capitalized terms used herein but not defined herein shall have the meaning assigned to such terms in the Indenture. The rules of construction set forth in Section 1.03 of the Indenture shall be applicable to this Security Instrument mutatis mutandis. Unless the context clearly indicates a contrary intent or unless otherwise specifically provided herein, words used in this Security Instrument may be used interchangeably in singular or plural form.
Work Charge which shall mean (a) the cost charged Landlord by, or paid by Landlord to, Landlord's architects and engineers, contractors, suppliers, materialmen, employees and agents in connection with such work, plus the lesser of (i) 10% of such costs and (ii) $1.50 per square foot of Leased Floor Space for Landlord's general conditions (such as on-the- job services, supervisory personnel and use of elevators and hoists), and (b) if Landlord's employees or agents or those of an affiliate of Landlord are used in connection with such work, an additional sum of 10% of such cost for Landlord's overhead. With respect to any work in connection with the Demised Premises performed by Tenant, the Work Charge shall mean the reasonable costs incurred by Landlord in connection with such work, including, without limitation, costs of supervision, plus 10% of such costs for overhead and indirect job costs.
Examples of Work Charge in a sentence
Lender may apply any such security or part thereof, as necessary to pay for such Work Charge at any time when, in the judgment of ▇▇▇▇▇▇, the validity, applicability or non-payment of such Work Charge is finally established or the Property (or any part thereof or interest therein) shall be in present danger of being sold, forfeited, terminated, cancelled or lost.
More Definitions of Work Charge
Work Charge shall have the meaning set forth in Section 7.16(a) hereof. “Write-Down and Conversion Powers” shall mean, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
Work Charge shall have the meaning set forth in Section 4.2.2. “Working Capital Account” shall have the meaning set forth in Section 2.6.1. “Working Capital Account Agreement” shall mean that certain Control Account Agreement dated as of the Original Closing Date by and among ▇▇▇▇▇▇▇▇, Administrative Agent, for the benefit of Lenders and Working Capital Bank.