Capitalized Rent Sample Clauses
The 'Capitalized Rent' clause defines how rent payments are calculated and treated as a lump sum value, often for the purposes of financial reporting, lease buyouts, or determining damages in the event of early termination. Typically, this involves discounting future rent payments to their present value using a specified interest rate or formula. By establishing a clear method for converting ongoing rent obligations into a single, present-value figure, this clause ensures both parties have a transparent and agreed-upon approach for handling rent-related calculations in special circumstances.
Capitalized Rent. The present value (discounted semi-annually at a discount rate equal to the weighted average rate of interest borne by the Obligations) of the total net amount of rent payable for the remaining term of any lease of property by the Borrower (including any period for which such lease has been extended); provided that no such rental obligation shall be deemed to be Capitalized Rent unless the lease resulted from a Sale and Leaseback Transaction. The total net amount of rent payable under any lease for any period shall be the total amount of the rent payable by the lessee with respect to such period, but shall not include amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates, sewer rates and similar charges.
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Capitalized Rent. The present value (discounted semi-annually at a discount ----------- ---- rate equal to the weighted average rate of interest borne by the Obligations) of the total net amount of rent payable for the remaining term of any lease of property by the Borrower (including any period for which such lease has been extended); provided that no such rental obligation shall be deemed to be Capitalized Rent unless the lease resulted from a Sale and Leaseback Transaction. The total net amount of rent payable under any lease for any period shall be the total amount of the rent payable by the lessee with respect to such period but shall not include amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates, sewer rates and similar charges. Closing Date. May 14, 2001. ------- ---- Code. The Internal Revenue Code of 1986, as amended and in effect from ---- time to time.
Capitalized Rent. The Capitalized Rent Payment shall be paid by delivery of that certain Purchase Money Note from Company in favor of Landlord in the original principal amount of , dated as of the date hereof (the “Purchase Money Note”), which promissory note shall bear interest at percent per annum, and shall be secured by the Purchase Money Mortgage and recorded against the leasehold estate. The principal amount of the Purchase Money Note shall be paid down to the Capitalized Rent Payment amount with the payment of the Initial Rental Payment.
Capitalized Rent. The present value (discounted semi-annually at a discount rate equal to the weighted average rate of interest borne by the Obligations) of the total net amount of rent payable for the remaining term of any lease of property by the Borrower (including any period for which such lease has been extended); PROVIDED that no such rental obligation shall be deemed to be Capitalized Rent unless the lease resulted from a Sale and Leaseback Transaction. The total net amount of rent payable under any lease for any period shall be the total amount of the rent payable by the lessee with respect to such period but shall not include amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates, sewer rates and similar charges.
Capitalized Rent. 65 Commission . . . . . . . . . . . . . . . . . . . . . 65 Company . . . . . . . . . . . . . . . . . . . . . . 65