Abatement Amount definition

Abatement Amount with respect to any Abatement Period, an amount equal to (i) any installment(s) of Basic Rent, and any fraction thereof, accruing pursuant to the Equipment Schedule covering the item of Equipment having suffered an Impairment of Use, multiplied by (ii) a fraction having (x) a ---------- numerator equal to the amount of Total Invoice Cost allocable to such item of Equipment, and (y) a denominator equal to the Total Invoice Cost of all of the items of Equipment then being leased to Lessee under such Equipment Schedule.
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Abatement Amount means each abatement amount set out in Item 3 of Schedule 1.
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Abatement Amount means, with respect to any event described in this Lease which provides for an abatement of Base Rent (or a proportionate reduction in Base Rent following a partial termination of this Lease) payable by Tenant under this Lease (herein, an “Abatement Event”), an amount equal to the Base Rent payable under this Lease with respect to the Units rendered untenantable by the Abatement Event minus the amount of any business interruption insurance proceeds received by Tenant with respect to the sublease rent payable to Tenant for such affected Units on account of such Abatement Event. For purposes of determining the amount of Base Rent that will axxxx following an Abatement Event, Base Rent shall be allocated entirely to the Units and not the common areas or any other areas of the Premises, and the Abatement Amount shall be determined based upon the total number of Units affected, as compared to the total number of Units at the Premises.
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Examples of Abatement Amount in a sentence

  • The Rent Abatement Amount is subject to the following: The parties agree to work cooperatively and in good faith to apply for and obtain a loan to Landlord and/or a tax increment incentive from the Redevelopment Agency of Salt Lake City in an amount equal to or greater than the Rent Abatement Amount (the “City Incentive”) upon terms that are otherwise reasonably acceptable to Landlord (and Tenant to the extent Tenant is a party to, or has obligations under, any agreement for the City Incentive).

  • If the total amount of the City Incentive is less than the Rent Abatement Amount, the Rent Abatement Amount shall be reduced to match the total amount of the City Incentive.

  • For the avoidance of doubt, the Rent Abatement Amount shall not be increased even if the City Incentive is increased.

  • All of the Aggregate Abatement Amount that remains unamortized as of any scheduled or earlier termination of the Lease shall be the “unamortized portion of the Aggregate Abatement Amount”.

  • Tenant may not elect to accelerate more than one (1) month of such Base Rent Abatement Amount at any particular time.

  • In the event any Temperature-Level 1 Failure occurs on any particular day, then Customer’s pro rata Monthly License Fees for the affected Individual Space in question shall be partially abated for that particular day by the Daily Temp Abatement Amount (as defined below).

  • In the event any Redundant XXX- Xxxxx 0 Power Failure occurs on any particular day, then, with respect to the Redundant UPS Power Circuit that is the subject of the Redundant UPS-Level 1 Power Failure, Customer’s pro rata Monthly License Fees for the affected Individual Space for that particular day shall be partially abated by the Daily Circuit Abatement Amount (as defined below).

  • Such present value shall be calculated (i) by using the portion of the Monthly Base Rental Abatement Amount then remaining as of the Payment Date (as though such remaining portion of the Monthly Base Rental Amount benefitted Tenant at the mid-way point between the Payment Date and the last day of the abatement period) and (ii) by using a discount rate of five percent (5%) per annum.

  • As used herein, “Rent Abatement Payout Price” shall mean the present value of the Monthly Base Rental Abatement Amount then remaining during the Lease Term, as of the date of payment (“Payment Date”) by Landlord to Tenant of the Rent Abatement Payout Price by Landlord.

  • Incentive Payment C shall be equal to up to fifteen percent (15%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States.


More Definitions of Abatement Amount

Abatement Amount means, as applicable, the following:
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Related to Abatement Amount

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Increase Amount is defined in Section 2.3(a).

  • Allocation Amount means, as of the Closing Date, the Series 2017-2 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-2 Stated Principal Amount resulting from the issuance of additional Series 2017-2 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-2 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Escrow Amount means $1,000,000.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Release Amount has the meaning set forth in Section 4.3(f).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Lease Balance means, with respect to the Leased Properties, as of any date of determination, an amount equal to the aggregate sum of the outstanding Funded Amounts of all Funding Parties, all accrued and unpaid interest on the Loans, all accrued and unpaid Yield on the Lessor's Invested Amounts, all unpaid fees owing to the Funding Parties under the Operative Documents, including all other amounts owing to the Funding Parties by the Lessee under the Operative Documents.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.