Unit Factor definition

Unit Factor means the unit factor for each Unit as more particularly specified or apportioned and described in and set forth on the Condominium Plan.
View Source
Unit Factor means the Unit factor for each Unit as more particularly described in the Condominium Plan.
View Source
Unit Factor. , in relation to a unit, means the unit factor determined for that unit as shown in the schedule of unit factors endorsed on a sectional plan registered by the Registrar.
View Source

Examples of Unit Factor in a sentence

  • Annuity Unit Factor - A factor that neutralizes the Assumed Investment Return (“AIR”) when determining the Annuity Unit Value.

  • It will be determined by multiplying: a) the value of the Annuity Unit for that Sub-Account as of the preceding Valuation Day by; b) the Net Investment Factor for that Sub-Account for the Valuation Day for which the Annuity Unit value is being calculated; and by c) the Annuity Unit Factor.

  • In such an event, the Unit Contract Quantity for such Unit shall be reduced by the product of (i) the difference in the Unit NQC as specified in Appendix A and the then current Unit NQC and (ii) the applicable Prorated Percentage of Unit Factor for such Unit.

  • If a Unit is scheduled for a Planned Outage for the applicable Showing Month, the Unit Contract Quantity for the Unit shall be reduced by the product of (i) the unavailable capacity and (ii) the applicable Prorated Percentage of Unit Factor for such Unit.

  • The said contribution comprises the Purchaser's proportionate share of the estimated monthly property and management expenses of the Development and is determined by applying the Unit Factor for the Unit to the total of such expenses, or as otherwise provided in the Bylaws.


More Definitions of Unit Factor

Unit Factor means the unit entitlement of a unit plan and indicated the share of an owner in the common property, common facilities and other assets of the Association and is the figure which determines the owner’s contribution to the common expenses of the Association and may be determined in accordance with the by-laws of the Association using such variables as the size of the unit, location of the unit and the view which the unit commands. [Refer to 2nd Schedule-Derivation of Unit factor]
View Source
Unit Factor means the unit factor for a unit as specified or apportioned in accordance with section 8(1)(j) or 20(6), as the case may be.
View Source
Unit Factor means that fraction expressed in ten-thousandth shares that each Unit owns in the Common Property, if any, and as is more particularly specified or apportioned and described in and set forth on the Condominium Plan; and
View Source
Unit Factor means , being the unit factor for the Unit determined by [method of determining unit factors];
View Source
Unit Factor means the factor representing a ratio of the estimated sewage generated by each user class to the average daily flow generated by an average single-family residential user. The unit factor is used to determine the connection charge portion of the sanitary sewer permit fee and the basic service charge.
View Source
Unit Factor means the number determined with respect to each Contributor owning a Contributor's Interest in each Contributed Entity and set forth on Schedule 2 hereto that has been calculated by multiplying such Contributor's ownership percentage in such Contributed Entity by the percentage of the Purchase Price of such Contributed Entity that such Contributor has elected to receive in Partnership Units.
View Source
Unit Factor means the percentage share allocation to each unit as specified in the registered Condominium Plan and the total of all unit factors must sum to 10,000 as prescribed under the Act .
View Source