Calculation of Termination Fee Sample Clauses

Calculation of Termination Fee. In the event that Charterer exercises its right to terminate this Charter in accordance with the provisions of Clause 6(r) of the Charter, the termination fee payable by Charterer to Owner shall be calculated in accordance with the following table: Timing of No Fault Termination Date End of: Termination Fee to Apply (Million US Dollars) Year 6 ***** Year 7 ***** Year 8 ***** Year 9 ***** Year 10 ***** Year 11 ***** Year 12 ***** Year 13 ***** Year 14 ***** Year 15 ***** Year 16 ***** Year 17 ***** Year 18 ***** Year 19 ***** Year 20 ***** Year 10 ***** Year 11 ***** Year 12 ***** Year 13 ***** Year 14 ***** Year 15 ***** Year 16 ***** Year 17 ***** Year 18 ***** Year 19 ***** Year 20 ***** Execution version re Hull 1689
Sample 1
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Calculation of Termination Fee. The Termination Fee (“Termination Fee”) shall be equal to the unamortized portion, as of the Termination Date, of all Lease Costs (defined below), together with interest thereon at the rate of eight percent (8%) per annum accruing from and after the dates such costs were paid or advanced by Landlord, or in the case of rent reductions or abatements, from the dates such losses were incurred by Landlord, as applicable. The amortization period(s) for Lease Costs shall commence only after expiration of any rent abatement period(s) with respect to particular space, and shall end on September 30, 2024. Base Rent paid by Tenant shall be applied first to interest then accrued as provided above, and then to amortize Lease Costs. “Lease Costs” shall be the sum of all of the following amounts (i) all leasing commissions related to this Fourth Amendment and additional space added to the Premises after the Effective Date, including without limitation any Offer Space and Expansion Space, (ii) the Allowance and all other tenant improvement allowances paid after the Effective Date, including without limitation, those paid in connection with any Offer Space, Expansion Space, and other space leased by Tenant hereunder (if any), (iii) the amount of all Abated Rent and other rent concessions granted pursuant to the terms of this Fourth Amendment (whether applicable to periods before or after the Effective Date) and all further Lease amendments executed after the Effective Date, and (iv) rent loss incurred (net of sublease income from CRC Insurance Services, Inc.) by Landlord’s removal of Suite 1520 from the Premises when and as provided herein. There shall be no duplication of costs included in Lease Costs, and Lease Costs shall be deemed to be “amortized” only to the extent of Base Rent actually received by Landlord with respect to the applicable space.
Sample 1
Calculation of Termination Fee. In the event that Charterer exercises its right to terminate this Charter in accordance with the provisions of Clause 6(r) of the Charter, the termination fee payable by Charterer to Owner shall be calculated in accordance with the following table: Timing of No Fault Termination Date End of: Termination Fee to Apply (Million US Dollars) Year 6 ***** Year 7 ***** Year 8 ***** SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). Year 9 ***** Year 10 ***** Year 11 ***** Year 12 ***** Year 13 ***** Year 14 ***** Year 15 ***** Year 16 ***** Year 17 ***** Year 18 ***** Year 19 ***** Year 20 *****
Sample 1

Related to Calculation of Termination Fee

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

  • Expenses; Termination Fee (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Company Termination Fee (a) If this Agreement is terminated (i) by Parent pursuant to Section 8.4(a) (Company Change in Recommendation) or (ii) by the Company pursuant to Section 8.3(c) (Termination for Superior Proposal), then the Company shall, within two (2) Business Days after such termination in the case of clause (i) or concurrently with such termination in the case of clause (ii), pay Parent a fee equal to $356,000,000 (the “Company Termination Fee”) less any amount of Parent Expenses previously paid by the Company.

  • Extension of Termination Date (a) The Borrower shall have the right, exercisable no more than twice, to request an extension of the current Termination Date by one year. The Borrower may exercise such right only by executing and delivering to the Agent at least 60 days, but no more than 90 days, prior to any anniversary of the Closing Date commencing with the first anniversary thereof (the “Extension Date”), a written request for such extension (an “Extension Request”). The Agent shall forward to each Lender a copy of the Extension Request delivered to the Agent promptly upon receipt thereof. Borrower understands that this Section has been included in this Agreement for Borrower’s convenience in requesting an extension and acknowledges that none of Lenders nor Agent has promised (either expressly or impliedly), nor has any obligation or commitment whatsoever, to extend the Termination Date at any time. If the Required Lenders shall have notified Agent on or prior to the date which is 30 days prior to the Extension Date that they accept such Extension Request, then, subject to the following conditions on the Extension Date (i) no Default or Event of Default shall exist and (ii) the representations and warranties made or deemed made by the Borrower in the Loan Documents, shall be true and correct in all material respects on and as of the date of such extension with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date) and except for changes in factual circumstances not prohibited under the Loan Documents, the Termination Date shall be extended for one year with respect to the Commitment of each Lender accepting such Extension Request. If any Lender shall not have notified Agent on or prior to the date which is 30 days prior to the Extension Date that it accepts such Extension Request (or it expressly rejects such Extension Request), then the Termination Date shall not be extended with respect to the Commitment of such rejecting Lender (each such Lender a “Rejecting Lender”). The Agent shall promptly notify Borrower whether the Extension Request has been accepted or rejected as well as which Lender or Lenders rejected Borrower’s Extension Request.

  • Parent Termination Fee (a) If this Agreement is terminated by the Company pursuant to Section 8.3(a) (Parent Change in Recommendation) then Parent shall, within two (2) Business Days after such termination pay the Company a fee equal to $356,000,000 (the “Parent Termination Fee”) less any amount of Company Expenses previously paid by Parent. In no event shall Parent be required to pay the Parent Termination Fee or the Company Expenses on more than one occasion.

  • Expenses of Termination The Servicer shall promptly reimburse the Master Servicer (or any designee of the Master Servicer), the Trustee and the Depositor for all reasonable expenses incurred by the Master Servicer (or such designee), the Trustee or the Depositor, as such are incurred, in connection with the termination of the Servicer as servicer and the transfer of servicing of the Mortgage Loans to a successor servicer. The provisions of this paragraph shall not limit whatever rights the Master Servicer, the Trustee or the Depositor may have under other provisions of this Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.

  • Notice of Termination Date of Termination (a) Any termination of the Executive's employment by the Company or the Executive shall be communicated by written Notice of Termination to the other party thereto. For purposes of this Agreement, a "

  • Expenses; Termination Fees (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION (a) Upon the occurrence of an Event of Termination (as herein defined) during the Executive's term of employment under this Agreement, the provisions of this Section shall apply. As used in this Agreement, an "

  • Early Termination Fee In the event that the Funds terminate this Agreement prior to the five (5) year anniversary of the Effective Date (the “Anniversary Date”), other than due to the Transfer Agent’s bankruptcy under Section 12.6, or for cause under Section 12.7, or under Section 4.2 in the event the Transfer Agent ceases to be a registered transfer agent under the 1934 Act, or under Section 4.9 in the event the Transfer Agent violates clauses (a) or (b) of that Section, the Funds shall pay to the Transfer Agent an early termination fee (the “Early Termination Fee”), the amount of which shall be determined as follows:

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