Impact of Collateral Upon Formulas. To ease the administrative burden of this Land Lease and the Pledge Agreement, the formulas for calculating Base Rent set out below in subparagraph 3.
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Samples: Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc)
Impact of Collateral Upon Formulas. To ease the administrative burden of this Land Lease and the Pledge Agreement, the formulas for calculating Base Rent set out below in subparagraph 3.3(c) reflect a reduction in the Base Rent equal to the interest that would accrue on any Collateral provided in accordance with the requirements of the Pledge Agreement from time to time if the Accounts (as defined in the Pledge Agreement) bore interest at the Effective Rate. BNPLC has agreed to such reduction to provide NAI with the economic equivalent of interest on such Collateral, and
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Impact of Collateral Upon Formulas. To ease the administrative ---------------------------------- burden of this Land Lease and the Land Pledge Agreement, the formulas for calculating Base Rent set out below in subparagraph 3.
Appears in 1 contract
