Allocation of Rent and Pre-Lease Rent; Multiple Lease Agreements Sample Clauses

Allocation of Rent and Pre-Lease Rent; Multiple Lease Agreements. (a) On or before May 15, 2005, Contributors will cause to be delivered to Lessee, for Lessee's review and approval, a draft of Exhibit H to each Lease Agreement, which will set forth (i) the Rent and the Pre-Lease Rent for each Site based on the Rent and Pre-Lease Rent Allocation Principles, (ii) the Rent and the Pre-Lease Rent allocation under Section 467 of the Code to each year of the Term for each Site, based on a level allocation, (iii) the proportional Rent and Pre-Lease Rent under Section 467 for each year of the Term for each Site, (iv) the Section 467 loan balance for each year of the Term for each Site, (v) the Section 467 interest component for each year of the Term for each Site, and (vi) the Option Purchase Price for each Site based on the Option Purchase Price Allocation Principles; in each case based on financial information for the Sites through and including March 31, 2005. The parties hereto agree to reasonably cooperate to finalize Exhibit H to each Lease Agreement as soon as practicable, but in no event less than ten (10) days prior to the Initial Closing Date, which shall reflect valuation of the Sites as of the Initial Closing Date. Any disputes regarding the form of Lease Agreement, including the items described on Exhibit H, will be resolved by arbitration as described in Section 3.5; provided that the amounts determined by the appraisal and the choice of American Appraisal Associates as appraiser will not be subject to arbitration (it being understood and agreed that the process and cooperation requirements set forth in Exhibits D-1 and D-2 shall be subject to arbitration). If the aggregate Option Purchase Price for the 6,628 Sites currently listed on Exhibit A and B hereto, as determined by American Appraisal Associates and delivered in accordance with the Option Purchase Price Allocation Principles, shall exceed two billion five hundred fifty million dollars ($2,550,000,000), then (i) if the Option Purchase Price is equal to or greater than two billion five hundred fifty million dollars ($2,550,000,000), but less than two billion six hundred million dollars ($2,600,000,000), the aggregate Rent and Pre-Lease Rent shall be reduced by one million eight hundred thousand dollars ($1,800,000); (ii) if the Option Purchase Price is equal to or greater than two billion six hundred million dollars ($2,600,000,000), but less than two billion six hundred fifty million dollars ($2,650,000,000), the aggregate Rent and Pre-Lease Rent shall be r...
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Related to Allocation of Rent and Pre-Lease Rent; Multiple Lease Agreements

  • Sublease Rent Limitation Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublet the Leased Property on any basis such that the rental to be paid by the sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of the sublessee, or (b) any other formula such that any portion of the Rent would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Base Rent Abatement Provided that no Event of Default is then occurring, then during the period beginning on the Expansion Commencement Date and ending on November 14, 2010 (the “Base Rent Abatement Periods”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the 6310 Initial Premises for such Base Rent Abatement Period (the “Base Rent Abatement”). Tenant acknowledges and agrees that notwithstanding such Base Rent Abatement, such abatement of Base Rent shall have no effect on the calculation of any future increases in Base Rent, Operating Expenses or Tax Expenses payable by Tenant pursuant to the terms of the Lease (as hereby amended), which increases shall be calculated without regard to such abatement of Base Rent or corresponding abatement periods. Such Base Rent Abatement has been granted to Tenant as additional consideration for entering into this First Amendment, and for agreeing to pay the “rent” and performing the terms and conditions otherwise required under the Lease, as amended. Notwithstanding anything to the contrary set forth in this Section 4.3, to the extent an Event of Default is then occurring, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease, one or both of the following remedies: (i) that Tenant shall immediately become obligated to pay to Landlord all Base Rent abated hereunder during the Base Rent Abatement Period, with interest as provided pursuant to the Lease from the date such Base Rent would have otherwise been due but for the abatement provided herein, or (ii) that the dollar amount of the unapplied portion of the Base Rent Abatement as of such Event of Default shall be converted to a credit to be applied to the Base Rent applicable to the Premises at the end of the Expansion Term and Tenant shall immediately be obligated to begin paying Base Rent for the entire Premises in full.

  • BASIC LEASE PROVISIONS Each reference in this Lease to the “

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Master Lease A. All the obligations contained in the Master Lease conferred and imposed upon Sublessor (as Tenant therein) shall be borne by Sublessor and Sublessee in accordance with the Sublessor's Percentage and the Sublessee's Percentage, respectively, except as modified and amended by this Sublease, and all rights and privileges contained in the Master Lease conferred upon Sublessor (as Tenant therein), are hereby conferred and imposed upon Sublessee, to the extent of Sublessee's Percentage. Sublessor covenants and agrees it will make payment of the rentals reserved under the Master Lease as and when due, will perform Sublessor's insurance obligations under the Master Lease, and will otherwise fully and faithfully perform the terms and conditions of the Master Lease with respect to the Sublessor's Percentage. Sublessee covenants and agrees to otherwise fully and faithfully perform the terms and conditions of the Master Lease and the Sublease on its part to be performed. Neither the Sublessor nor Sublessee shall do or cause to be done any act which would or might cause the Master Lease, or the rights of Sublessor as tenant under the Master Lease to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublessor to be in default thereunder or liable for any damage, claim or penalty. Sublessee agrees, as an express inducement for Sublessor executing this Sublease, that if there is any conflict between the provisions of the Master Lease and this Sublease which would permit Sublessee to do or cause to be done any act which is prohibited by the Master Lease then the provisions of the Master Lease shall prevail.

  • Base Rent and Additional Rent Tenant shall pay to Landlord the following amounts as rent for the Premises:

  • Original Lease The single executed original of this Lease marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the signature page thereof and containing the receipt of the Lessor therefor on or following the signature page thereof shall be the Original Executed Counterpart of this Lease (the "Original Executed Counterpart"). To the extent that this Lease constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart.

  • Existing Lease Except to the extent specifically amended hereby, all terms and conditions of the Lease remain in full force and effect. [SIGNATURE PAGE TO FIRST AMENDMENT TO LEASE]

  • Rent Abatement Except for the negligence or willful act of Tenant or its agents, employees, contractors or invitees, if all or any part of the Premises are rendered untenantable by fire or other casualty and this Lease is not terminated, Monthly Base Rent and Rent Adjustments shall xxxxx for that part of the Premises which is untenantable on a per diem basis from the date of the casualty until Landlord has Substantially Completed the repair and restoration work in the Premises which it is required to perform, provided, that as a result of such casualty, Tenant does not occupy the portion of the Premises which is untenantable during such period.

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