Basic Lease Payment definition

Basic Lease Payment means the basic lease payment for the Premises, being a part of the Lease Payment and specified in Clause 4.5.1 of the Lease Agreement;
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Basic Lease Payment means, as of each Basic Lease Payment Date, the amount set forth in Exhibit A-3 to the Company Lease Agreement corresponding to such Basic Lease Payment Date and designated as a Basic Lease Payment. The Basic Lease Payment as of any Basic Lease Payment Date is equal to the payment of the Principal Portion and Interest Portion due on such Basic Lease Payment Date, and shall be established as the amount set forth in Exhibit A-3 to the Company Lease Agreement for such date, less other amounts available under the Bond Resolution, if any, to make the payment on time and in full of the principal of (including Sinking Fund Installments), and interest on the Outstanding Bonds on the next occurring Principal Payment Date and Interest Payment Date respectively, of the Outstanding Bonds, including without limitation the credits available under (i) Section 302(a)(i) and (ii) of the Company Lease Agreement with respect to Power Purchase Price Payments made by the Series 2012 Local Units, (ii) Section 310(b) of the Company Lease Agreement with respect to investment earnings and certain other Revenue Fund transfers, (iii) Section 510(e)(i)(B) of the Company Lease Agreement with respect to excess amounts in the Project Fund, (iv) Section 5.07(3)(a) of the Bond Resolution regarding the transfer of funds from the Guarantor Security Fund, if any, to the Aged Account of the Revenue Fund, (v) Section 701 of the Company Lease Agreement with respect to prepayments (provided that there is no additional credit to the extent of that portion of the partial prepayment, if any, funded from the Guarantor Security Fund (if any) transfer contemplated in clause (iv) above in order to avoid the same funds being double counted), (vi) Section 3.7(a)(iv)(A) of the Local Unit License Agreements for each Series 2012 Local Unit upon the revocation of their Local Unit License, or (vii) Section 802(c) of the Company Lease Agreement with respect to certain application of the Net Proceeds of any insurance or condemnation award.
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Basic Lease Payment means the amount payable by the School Board and so designated on Schedule No. 2008A to the Master Lease.
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Examples of Basic Lease Payment in a sentence

  • Any Basic Lease Payment or Additional Lease Payment that is not paid within ten (10) days of when due shall bear interest from its due date until paid at the lesser of eight percent (8%) per annum or the maximum lawful rate of interest permitted by applicable law.

  • Additional Administrative Expenses which accrue after the execution of this Consent No. 3 may be included as a cost component in any Additional Bonds issued by the Authority, in which case repayment shall be deemed a Basic Lease Payment rather than Additional Lease Payment obligation of the Company.

  • The Parties acknowledge that the Project Company has represented to the Authority and the County that notwithstanding the Series 2011 Project completion date extension set forth in subsection (a) above, it intends to make the January 15, 2013 Basic Lease Payment on time, and in full, from a combination of (i) additional funds supplied by or on behalf of one or more Company Parties, and from (ii) funds made available pursuant to the sources contemplated by Section 2(d) and (e) hereof.

  • If the Developer commits a Lease Default, the City may pursue any remedies available to it under applicable law, except for suspending or discontinuing any Basic Lease Payment or Additional Lease Payments or terminating this Capital Lease.

  • Any overdue Basic Lease Payment or Additional Lease Payment shall bear interest from due date until paid at the lesser of [twelve percent (12%)] per annum or the maximum lawful rate of interest permitted by applicable law.

  • The Basic Lease Payments shall be due on each Basic Lease Payment Date (in the case of regularly scheduled debt service, being December 20 in the case of interest payable on the following January 1 and one-half of the principal or scheduled mandatory sinking fund redemption installment payable on the following July 1, and June 20 in the case of interest payable on the following July 1 and one-half of the principal or scheduled mandatory sinking fund redemption installment payable on July 1).

  • To secure the payment of the Basic Lease Payments and the Additional Lease Payments, the College will establish a “Rental Pledge Account” under the Agreement, into which the College is required to deposit or cause to be deposited amounts sufficient to pay the Basic Lease Payments and Additional Lease Payments on each December 1 (in the case of the December 20 Basic Lease Payment) and June 1 (in the case of the June 20 Basic Lease Payment).

  • For readmission into the spring semester, the Request for Readmission form must be received in the Health and Physical Education Division office by October 15th prior to the spring semester to be readmitted.

  • The Interest Portion related to the January 15, 2015 Basic Lease Payment Date and the interest payable on the January 15, 2015 maturity date of the Series 2011B Note shall be based on an annual interest rate of 1.062%.

  • The Basic Lease Payments shall be due on each Basic Lease Payment Date (in the case of regularly scheduled debt service, being December 20 in the case of interest payable on the following January 1 and one-half of the principal payable on the following July 1, and June 20 in the case of interest payable on the following July 1 and one-half of the principal payable on July 1).

Related to Basic Lease Payment

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • 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.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Service Payment has the meaning given to it in clause 9.1;

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Individual Charges means those charges incurred by individual Attendees including, but not limited to, restaurant charges other than the allowable group meals specified herein, any charge for alcoholic beverages, telephone expenses, sleeping room rental deposits, upgrades, Cancellation Fee and/or other applicable service or cancellation charges incurred by an Attendee, and associated taxes, surcharges, and/or other incidentals.