Common use of No Duplication of Rent Differential Amount Clause in Contracts

No Duplication of Rent Differential Amount. In the event that ------------------------------------------ there is a portion of the Scheduled Rent on any Casualty Payment Date that is designated as "arrears rent" on Schedule A and there is also a portion that is designated as "advance rent", a portion of the Rent Differential Amount with respect to such Casualty Payment Date shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Value pursuant to the definition of Stipulated Loss Value. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Date shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

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No Duplication of Rent Differential Amount. In the event that a ------------------------------------------ there is a portion of the Scheduled Rent due on any Casualty Payment Termination Date that is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such Termination Date that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Termination Date shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Termination Value pursuant to the definition of Stipulated Loss Termination Value. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Termination Date shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount mount of such Rent Differential Amount shall be taken into consideration in making such allocation).. 44

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that ------------------------------------------ there is a portion of the Scheduled Rent on any Casualty Payment Date date of purchase that is designated as "arrears rent" on Schedule A and there is also a portion that is designated as "advance rent", a portion of the Rent Differential Amount with respect to such Casualty Payment Date date of purchase shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Value pursuant to the definition EBO Amount or the computation of Stipulated Loss Termination Value, as appropriate. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Date date of purchase shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss the EBO Amount or the Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that a ------------------------------------------ there is a portion of the Scheduled Rent due on any Casualty Payment Date that is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such Casualty Payment Date that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Date shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Value pursuant to the definition of Stipulated Loss Value. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Date shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that a ------------------------------------------ there is a portion of the Scheduled Rent due on any Casualty Payment Date that date of purchase is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such date of purchase that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Date date of purchase shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Value the EBO Amount pursuant to the definition of Stipulated Loss First EBO Amount or Second EBO Amount or the computation of Termination Value, as appropriate. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Date date of purchase shall be allocated between the 86 Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss the applicable EBO Amount or the Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that ------------------------------------------ there is a portion ------------------------------------------ of the Scheduled Rent due on any Casualty Payment Termination Date that is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such Termination Date that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Termination Date shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Termination Value pursuant to the definition of Stipulated Loss Termination Value. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Termination Date shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that ------------------------------------------ there is a portion of the Scheduled Rent on any Casualty Payment Termination Date that is designated as "arrears rent" on Schedule A and there is also a portion that is designated as "advance rent", a portion of the Rent Differential Amount with respect to such Casualty Payment Termination Date shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Termination Value pursuant to the definition of Stipulated Loss Termination Value. It is intended that that, whether or not Termination Value is payable on such Termination Date, the entire amount of the Rent Differential Amount due on such Casualty Payment Termination Date shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

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No Duplication of Rent Differential Amount. In the event that a ------------------------------------------ there is a portion of the Scheduled Rent due on any Casualty Payment Date that date of purchase is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such date of purchase that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Date date of purchase shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Value the EBO Amount pursuant to the definition of Stipulated Loss First EBO Amount or Second EBO Amount or the computation of Termination Value, as appropriate. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Date date of purchase shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss the applicable EBO Amount or the Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that a ------------------------------------------ there is a portion of the Scheduled Rent due on any Casualty Payment Date that date of purchase is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such date of purchase that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Date date of purchase shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Value pursuant to the definition EBO Amount or the computation of Stipulated Loss Termination Value, as appropriate. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Date date of purchase shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss the EBO Amount or the Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

No Duplication of Rent Differential Amount. In the event that a ------------------------------------------ there is a portion of the Scheduled Rent due on any Casualty Payment Termination Date that is designated as an "arrears rent" on Schedule A and there is also a portion payment of Scheduled Rent due on such Termination Date that is designated as "advance rent"not so designated, a portion of the Rent Differential Amount with respect to such Casualty Payment Termination Date shall be added to the Scheduled Rent designated as an "arrears rent" due on such date and the remainder of such Rent Differential Amount shall be taken into account in the computation of Stipulated Loss Termination Value pursuant to the definition of Stipulated Loss Termination Value. It is intended that the entire amount of the Rent Differential Amount due on such Casualty Payment Termination Date shall be allocated between the Scheduled Rent designated as an "arrears rent" due on such date and the computation of Stipulated Loss Termination Value, as appropriate and without duplication, in such manner as will preserve the Owner Participant's Net Economic Return and comply with the minimum payment requirement contained in Section 3(f) (it being understood that the entire amount of such Rent Differential Amount shall be taken into consideration in making such allocation).. 44

Appears in 1 contract

Samples: Lease Agreement (Magellan International Inc)

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