Additional Base Rent. After giving credit for all prepayments on account thereof pursuant to CLAUSE (C) below, each Group IV Lessee shall pay to the Group IV Lessor the monthly Additional Base Rent that has accrued during the Related Month with respect to the Non-Program Vehicles leased under the Group IV Financing Lease by such Group IV Lessee; and MONTHLY SUPPLEMENTAL PAYMENT. After giving credit for all prepayments on account thereof pursuant to CLAUSE (C) below, each Group IV Lessee shall pay to the Group IV Lessor the portion of the Monthly Supplemental Payment that has accrued during the Related Month with respect to the Group IV Financed Vehicles and Group IV Eligible Receivables previously leased or financed by such Group IV Lessee under this Group IV Financing Lease. On the expiration of the term of the Group IV Financing Lease with respect to a Group IV Financed Vehicle, any remaining Group IV Base Amount, plus all other amounts payable by the Group IV Lessee thereof under the Group IV Financing Lease with respect to such Group IV Vehicle, shall be immediately due and payable. On any date, a Group IV Lessee may prepay to the Group IV Lessor, in whole or in part, the Rent or other payments accrued during the Related Month with respect to any Group IV Financed Vehicles leased by such Group IV Lessee. In addition, a Group IV Lessee may from time to time prepay the Group IV Base Amount allocable to any Group IV Financed Vehicle, in whole or in part, on any date, PROVIDED that such Group IV Lessee shall give the Group IV Lessor and the Trustee not less than three (3) Business Days' prior notice of any such prepayment, specifying the date and amount of such prepayment, and the Group IV Financed Vehicle or Vehicles to which such prepayment relates.
Additional Base Rent. Each Lessee shall pay to the Lessor such Lessee's Pro Rata Share of an amount equal to the monthly Additional Base Rent that has accrued during the Related Month with respect to the Group III Non-Repurchase Vehicles leased hereunder by such Lessee; and
Additional Base Rent. After giving credit for all prepayments on account thereof pursuant to (f) below, each Lessee shall pay to the Lessor an amount equal to the product of (A) the monthly Additional Base Rent that has accrued during the Related Month with respect to the Non-Program Vehicles leased under this Lease by the Lessees and (B) a fraction, the numerator of which is the Net Book Value of all Non-Program Vehicles leased by such Lessee under the Operating Lease and the denominator of which is the Net Book Value of all Non-Program Vehicles leased by the Lessees under this Lease; and
Additional Base Rent. Landlord and Tenant acknowledge that Landlord has agreed to hold in escrow the amount of One Million Nine Hundred Thousand Dollars ($1,900,000.00) (the "Rent Reserve") to be applied by Landlord toward Tenant’s obligation to pay Base Rent and the Property Management Fee and the amortization charge commencing on the fourth month following the Commencement Date and continuing until the full amount of the Rent Reserve has been depleted. Commencing on the fourth (4th) month following the Commencement Date, monthly Base Rent shall be increased by Twenty Six Thousand Two Hundred Fifty-Nine and 74/100 Dollars ($26,259.74), which is equal to the amount of the Rent Reserve amortized over the remainder of the initial Term at a rate of fifteen percent (15%) annually. For purposes of clarity, in no event shall the Rent Reserve be applied toward Tenant’s obligation to pay Additional Rent or any other Rent aside from Base Rent, the Property Management Fee and the amortization charge, provided if Tenant is in Default (including any monetary Default) of any of its obligations under this Lease, Landlord shall have the right to apply the Rent Reserve to cure such Default as though the Rent Reserve constituted a part of the Security Deposit held by Landlord pursuant to Section 6.4.
Additional Base Rent. Subject to and upon the terms, provisions and conditions set forth in the Lease, as amended by this Second Addendum, Tenant hereby agrees to pay in Additional Minimum Rent the amount of $5,889.00 per month commencing on the Commencement Date through the end of the Term of the Lease (November 3, 1997). Total Minimum Monthly Rent shall be $25,035.00.
Additional Base Rent. Xxxx Lessee shall pay to the Lessor such Lessee's Pro Rata Share of an amount equal to the moxxxxx Additional Base Rent that has accrued during the Related Month with respect to the Group IV Type II Repurchase Vehicles and Group IV Non-Repurchase Vehicles leased hereunder by such Lessee.
Additional Base Rent. Commencing from and after the Rent Commencement Date, Tenant agrees to pay to Landlord at the address provided in Section 1.2 entitled “Mailing Address of Landlord”, or such other place or to such other person as Landlord may designate in writing, as Additional Base Rent, without any prior notice or demand therefor, and except as otherwise expressly provided in this Lease, without any deduction or set-off whatsoever, thirty six (36) consecutive monthly payments, on the first of each calendar month, in the amount of four hundred and fifty dollars and thirty eight cents ($450.38).
Additional Base Rent. In addition to the Base Rent payable hereunder, Lessee shall pay to Lessor as additional rent the amount of $30,285.61 per month (the "Additional Base Rent") in the same manner as the payment of Base Rent. Lessor and Lessee acknowledge and agree that the Additional Base Rent represents a reasonable approximation of the total Cost of the Work as of the date hereof (including, without limitation, the Lessor's construction management/supervisory fee payable under paragraph 7 of the Work Letter) and amortized over a period of two hundred forty (240) months and using an interest rate of eight and one-quarter of one percent (8.25%) per annum. Pursuant to the Work Letter and subject to the terms and conditions contained therein, the Additional Base Rent may be adjusted to account for the actual Cost of the Work only in the event the actual Cost of the Work is less than the Construction Cost Limitation, and for the amounts of the disbursed Improvement Allowance (as all those terms are defined in the Work Letter). The Additional Base Rent shall be the sum of (a) $30,285.61 (or such adjusted amount in the event the actual Cost of the Work is less than the Construction Cost Limitation), plus (b) the amount of the disbursed Improvement Allowance amortized over a period of two hundred forty (240) months and using an interest rate of eight and one-quarter of one percent (8.25%) per annum. By way of example only, if the total disbursed Improvement Allowance is $1,200,000.00, the Additional Base Rent shall be $40,510.40 being the sum of (i) $30,285.61, plus $10,224.79 ($1,200,000.00 amortized over 240 months and using an interest rate of 8.25%). Within thirty (30) days after the Commencement Date, Lessor shall deliver to Lessee a statement calculating the final Additional Base Rent, the actual, total Cost of the Work, and the amount of the disbursed Improvement Allowance. Lessee shall pay the Additional Base Rent when due based on Lessor's determination of the Additional Rent as indicated in Lessor's notice, subject to retroactive adjustment. If Lessee in good faith disputes Lessor's determination of Additional Base Rent as indicated in the notice given by Lessor, Lessee shall so notify Lessor within ten (10) days after Lessee receives Lessor's determination of Additional Base Rent, and if such dispute is not resolved by negotiation between the parties within thirty (30) days after Lessee's notice is given, the Additional Base Rent shall be determined pursuant to paragrap...
Additional Base Rent. Beginning on the Phase 2 Commencement Date, Sublessee shall pay all Additional Base Rent (as defined in the Ground Lease Amendment) that Sublessor is obligated to pay under the Ground Lease Amendment in respect of the Additional Land.
Additional Base Rent. Beginning September 1, 1998, Tenant shall pay to Airport, in addition to the Base Rent described in Subsection 5.A. Base Rent above, additional base rent ("Additional Base Rent") each month, for the 2.1 acre site shown as Parcel C on Exhibit "B" of the Original Lease, the "
2.1 Acre Site", equal to fifty percent (50%) of the per-square-foot rate paid for the 4 Acre Site, described in Subsection 5.A. Base Rent, herein, at that time. For example, if, on September 1, 1998, Base Rent, for the 4 Acre Site, is $9,500.00 per month, this equals a per square- foot rate of $.0545 ($9,500.00/(4 acres X 43,560 sf)). In this example, Additional Base Rent for the 2.1 Acre Site would be $2,495.00 (rounded) per month (2.1 acres X 43,560 sf X ($.0545/2)). Additional Base Rent shall be adjusted at the same time that Base Rent is adjusted as provided in Subsections 5.D., 5.E., and 5.F. herein.
