Calculation of Basic Rent. With respect to each Lease, Basic Rent shall be payable from time to time on each Payment Date during the Base Term in an amount equal to all Yield then due on the outstanding Equity Investment.
Calculation of Basic Rent. The Basic Rent is calculated on the basis of the Rentable Area of the Leased Premises multiplied by the rate per square foot per annum set out in Section 2.02 above. The Landlord shall cause the Leased Premises to be measured in accordance with the 1996 BOMA standards of measurement for office buildings. The certificate of the Landlord’s Architect regarding such measurement of the rentable area of the Leased Premises shall be conclusive and binding upon the Tenant and Basic Rent, Additional Rent and all other amounts calculated with reference to the Rentable Area of the Leased Premises and the Tenant’s Proportionate Share shall be adjusted accordingly, such adjustment to be retroactive to the Commencement Date.
Calculation of Basic Rent. The Basic Rent is calculated on the basis of the area of the Building (95,976.7 square feet) multiplied by:
(a) $6.95 per square foot per annum during the first two (2) years of the Term (being September 1, 2000 to and including August 31, 2002); and
(b) $7.45 per square foot per annum during the next three (3) years of the Term (being September 1, 2002 to and including August 31, 2005). The certificate of the Landlord’s Architect regarding the measurement of the area of the Building shall be conclusive and binding upon the Tenant.
Calculation of Basic Rent. (a) The Interest Amount portion of Basic Rent with respect to the outstanding principal amount of the Notes shall be computed based upon one of the rates set forth below:
(i) To the extent that the Note Purchaser is funding advances under the Notes by issuance of Commercial Paper, the Interest Amount portion of Basic Rent with respect to the amounts outstanding under the Notes shall be computed based upon the CP Rate as in effect from time to time plus fifteen one hundredths of one percent (.15%); and
(ii) To the extent the Note Purchaser is not funding advances under the Notes by issuance of Commercial Paper or the Notes have been purchased by the Liquidity Banks pursuant to the Liquidity Documentation, the Interest Amount portion of Basic Rent with respect to the amounts outstanding under the Notes shall be computed as follows: (A) until such time as a Loan based upon a one (1) month LIBOR rate can be advanced by the Liquidity Banks pursuant to the Liquidity Documents, the Alternate Rate, and (B) thereafter, one of the following two rates as selected by the Note Purchaser (or if the Notes have been purchased by the Liquidity Banks pursuant to the Liquidity Documentation, the Agent) in its reasonable discretion: (x) the one (1) month LIBOR rate as in effect from time to time (adjusted for reserve requirements in effect on the first day of each period for which a payment is due) plus the Applicable Margin; or (y) if the one (1) month LIBOR rate is not available for any reason, the Alternate Rate. The aggregate amount payable in accordance with this Section 4.2(a) with respect to all Notes as of any Basic Rent Payment Date shall be the "Interest Amount" payable as of such date.
(b) The Yield Amount portion of Basic Rent payable with respect to the Equity Investment shall be computed based upon either (A) the one (1) month LIBOR rate as in effect from time to time, adjusted for reserve requirements in effect on the first day of each period for which a payment is due, plus eight-tenths of one percent (.80%) or (B) if the one (1) month LIBOR rate is not available or cannot be determined for the reasons set forth in Section 4.5 herein, the Alternate Rate. Notwithstanding the foregoing, for the period beginning on the Initial Funding Date and ending on the first Basic Rent Payment Date, the Yield Amount portion of Basic Rent payable with respect to the outstanding Equity Investment shall be computed based upon the Alternate Rate or such other rate as agreed upon...
Calculation of Basic Rent. (a) Basic Rent shall be payable from time to time on each Payment Date in an amount equal to the sum of (a) all interest then due on the Loans, as calculated in accordance with Section 4.2 together with principal amortization as set forth in Schedule A to each such Note and (b) all Equity Return then due on the Equity Investment, as calculated in accordance with Section 4.3.
(b) In calculating such interest and Equity Return, the Tranche A Loans, the Tranche B Loans and Equity Investment made in connection with the Advances shall bear interest and Equity Return, as the case may be, using an Adjusted Eurodollar Rate plus the Applicable Margin. If any Loan and/or Equity Investment is to bear interest or Equity Return by reference to the Adjusted Eurodollar Rate and the Administrative Agent is unable to obtain an Adjusted Eurodollar Rate for the Interest Period, the Owner Participant and the Lenders shall make available Equity Investment and Loans, as the case may be, as Base Rate Loans/Equity Investment. Such Equity Investment and Loans shall be maintained as Base Rate Loans/Equity Investment until the date on which the Administrative Agent shall be able to obtain an Adjusted
Calculation of Basic Rent. The Basic Rent shall be adjusted on the first day of the Extended Term to the then "Fair Market Rental Value of
Calculation of Basic Rent. The Basic Rent during the Extension shall be changed, as of the commencement of the Extension (the "Rental Adjustment Date") to the "Fair Market Value" of the Premises, determined in the following manner: Not later than one hundred (100) days prior to any applicable Rental Adjustment Date, Landlord and Tenant shall meet in an effort to negotiate, in good faith, the Fair Market Value of the Premises as of such Rental Adjustment Date for each year of the Term. If Landlord and Tenant have not agreed upon the Fair Market Value of the Premises at least ninety (90) days prior to the applicable Rental Adjustment Date, the Fair Market Value shall be determined by the following appraisal method:
(i) If Landlord and Tenant are not able to agree upon the Fair Market Value of the Premises within the time period described above, then Landlord and Tenant shall attempt to agree in good faith upon a single appraiser not later than seventy-five (75) days prior to the applicable Rental Adjustment Date. If Landlord and Tenant are unable to agree upon a single appraiser within such time period, then Landlord and Tenant shall each appoint one appraiser not later than sixty-five (65) days prior to the applicable Rental Adjustment Date, and Landlord and Tenant shall each give written notice to the other of such appointment at the time of such appointment. Within ten (10) days thereafter, the two appointed appraisers shall appoint a third appraiser. If either Landlord or Tenant fails to appoint its appraiser and to give written notice thereof to the other party within the prescribed time period, the single appraiser appointed shall determine the Fair Market Value of the Premises. If both parties fail to appoint appraisers within the prescribed time periods, then the first appraiser thereafter selected by a party (such selection to be by written notice thereof to such appraiser and the other party) shall determine the Fair Market Value of the Premises. Each party shall bear the cost of its own appraiser and the parties shall share equally the cost of the single or third appraiser if applicable. All appraisers shall have at least ten (10) years' experience in the appraisal of commercial/industrial real property in the area in which the Premises are located and shall be members of professional organizations such as MAI or its equivalent.
(ii) For the purposes of such appraisal, the term "Fair Market Value" shall mean the price that a ready and willing tenant would pay, as of the Ren...
Calculation of Basic Rent. The Basic Rent is calculated on the basis of the Rentable Area of the Building being 95,489 square feet multiplied by: (a) $5.57 per square foot per annum during the First Rental Period; and (b) $6.53 per square foot per annum during the Second Rental Period. Prior to the Commencement Date, the Landlord shall cause the floor area of the Leased Premises to be measured by its Architect. The certificate of the Landlord's Architect regarding the measurement of the Rentable Area of the Leased Premises shall be conclusive and binding upon the parties absent manifest error. If the floor area of the Leased Premises, as so measured, is more or less than the number of square feet attributed to the Leased Premises by the provisions of this Lease then the Basic Rent payable hereunder based upon the actual floor area of the Leased Premises shall be adjusted in proportion to the square footage of the Leased Premises as so measured, except that if the size of the Leased Premises exceeds 103% of the square footage set forth in this Lease. Basic Rent shall be computed as if the size of the Leased Premises contains 103% of the square footage set forth in this Lease. In the event the Architect's certificate indicates the Rentable Area of the Leased Premises to be other than 95,489 square feet, the Basic Rent shall be adjusted accordingly.
Calculation of Basic Rent. The Basic Rent is calculated on the basis of the Rentable Area of the Leased Premises being 29,491 square feet multiplied by $4.50 per square foot per annum.
Calculation of Basic Rent. AND SUPPLEMENTAL RENT; DETERMINATION OF NOTE RATE; BREAKAGE EXPENSES, INCREASED COSTS, ETC.; TAXES; FEES.................................................... 7 Section 4.1 Rent...................................................................... 7 Section 4.2 Calculation of Basic Rent................................................. 8 Section 4.3 Breakage Expenses; Yield Maintenance Premium.............................. 10 Section 4.4 Increased Costs, etc...................................................... 10 Section 4.5 Change of Circumstances................................................... 11 Section 4.6 Taxes..................................................................... 12 Section 4.7 Replacement of Affected Parties........................................... 13 Section 4.8 Fees...................................................................... 14 Section 4.9 Calculation of Interest and Fees.......................................... 14
