Allocation of Rent. The parties hereto acknowledge and agree that the Base Rent paid or payable by Lessee to Lessor hereunder shall, to the extent relevant, be allocated between the personal property and real property constituting Leased Property hereunder in direct proportion to the then recognizable fair market value of such personal property and real property. Percentage Rent in excess of Base Rent shall be allocated solely to real property.
Allocation of Rent. Landlord and Tenant agree that no portion of the Base Rent paid by Tenant during the portion of the term of this Lease occurring after the expiration of any period during which such rent was abated shall be allocated by Landlord or Tenant to such rent abatement period, nor is such rent intended by the parties to be allocable to any abatement period.
Allocation of Rent. The Periodic Lease Rent allocated to each Rental Period for the use by the Lessee of the Project shall be an amount equal to the product of (x) the Head Lease Rent therefor multiplied by (y) the percentage set forth opposite such Rental Period in Schedule 2 hereof under the caption "Allocation Percentage" (the "Allocated Rent").
Allocation of Rent. After the Closing Total Consideration is determined and prior to the Initial Closing Date, the T-Mobile Contributors shall cause to be delivered to Tower Operator a draft of Exhibit D to the MPL based on the financial information for the Sites used to calculate the Closing Total Consideration in accordance with Article 3. The method of allocating the prepaid rent for an MPL Site among the years in the applicable lease term as required for such Exhibit D shall be within the safe harbors permitted by Section 467 of the Code and Treasury Regulation §1.467-3(c)(3) (the “467 Safe Harbor Rules”) and otherwise as proposed by T-Mobile Contributors in a draft of such Exhibit D, and the T-Mobile Contributors’ draft of such Exhibit D shall be incorporated into the MPL. In addition, promptly after the Final Total Consideration is determined, the T-Mobile Contributors shall cause to be delivered to the Tower Operator a revised draft of Exhibit D to the MPL based on the financial information for the Sites used to calculate the Final Total Consideration in accordance with Article 3. Provided such revised draft complies with the 467 Safe Harbor Rules and absent any manifest error, the T-Mobile Contributors’ revised draft of such Exhibit D shall be incorporated into the MPL. 49 SECTION 4.8
Allocation of Rent. The Periodic Lease Rent allocated to each ------------------ Rent Payment Period for the use by the Facility Lessee of the Facility shall be an amount equal to the product of the Purchase Price multiplied by the Allocation Percentage for the Facility as set forth in Schedule 2-A hereof (the "Allocated Rent"). In the event this Facility Lease shall have been terminated -------------- pursuant to Section 10 or 14 with respect to a Unit, the Allocated Rent with respect to the remainder of the Basic Lease Term shall be the amount computed pursuant to the immediately preceding sentence multiplied by the Unit Percentage for the Unit that remains subject to this Facility Lease. Notwithstanding that Periodic Lease Rent is payable in accordance with Section 3.2(a) hereof and without limiting the Facility Lessee's payment obligations under Section 3.2(a), the Allocated Rent calculated pursuant to this Section 3.2(b) shall represent and be the amount of Periodic Lease Rent for which the Facility Lessee becomes liable on account of the use of the Facility for each calendar year included in whole or in part of the Basic Lease Term.
Allocation of Rent. (a) At or prior to the Initial Closing, AT&T shall cause to be delivered to the Tower Operator a draft of Exhibit D to the MPL. The method of allocating the prepaid rent for an MPL Site among the years in the applicable lease term as required for such Exhibit D shall be within the safe harbors permitted by Section 467 of the Code and Treasury Regulation §1.467-3(c)(3) and otherwise as proposed by AT&T in a draft of such Exhibit D, and AT&T’s draft of such Exhibit D shall be incorporated into the MPL.
Allocation of Rent. The Periodic Lease Rent allocated to each Rental Period for the use by the Lessee of the Project shall be an amount equal to the Allocated Rent. Notwithstanding that Periodic Lease Rent is payable in accordance with Section 3.2(a) hereof and without limiting the Lessee's payment obligations under Section 3.2(a), the Allocated Rent calculated pursuant to this Section 3.2(b) shall represent and be the amount of Periodic Lease Rent for which the Lessee becomes liable on account of the use of the Project for each calendar year included in whole or in part in the Basic Lease Term.
Allocation of Rent. Lessor and Xxxxxx agree that no portion of the fixed minimum rent paid by Xxxxxx after the expiration of any period during which such rent was abated shall be allocated by Lessor or Lessee to such abatement period, nor is such rent intended by the parties to be allocable to any abatement period.
Allocation of Rent. To the extent any charges payable under the Master Lease, and payable under this Sublease, are payable on a per square foot basis, such as Additional Rent, then such charges shall also be allocated to the Subleased Premises on a per square foot basis.
Allocation of Rent. Notwithstanding that this Lease constitutes a lease of the entire Premises, the Landlord may allocate the Rent among the Facilities as it shall determine from time to time.
