Prepaid Rent Amounts and Interest on Prepaid Rent Sample Clauses

Prepaid Rent Amounts and Interest on Prepaid Rent. To the extent that the sum of the cumulative amount of Basic Lease Rent payable as of the close of any Rental Period plus an amount equal to the absolute value of Interest on Prepaid Rent taken into account in the determination thereof exceeds the cumulative amount of Allocated Rent as of the close of the succeeding Rental Period, it is the intention of the Owner Lessor and the Lessee that such excess constitutes prepaid rent within the meaning of Treasury Regulation section 1.467-1(c)(3)(ii) and interest shall accrue thereon at the Prepaid Rent Interest Rate. The Lessee shall be considered to have prepaid rent in an aggregate amount as of the end of a Rental Period equal to the product of the Purchase Price and the percentage set forth opposite such Rental Period in column (e) of Schedule B under the heading "Prepaid Rent Amount" (each, a "Prepaid Rent Amount"). The Owner Lessor and the Lessee, on any Federal income tax returns filed by them (or on any Federal income tax returns on which their income is included), shall accrue the amounts of interest expense and interest income, respectively, set forth for each Rental Period in an amount equal to the product of the Purchase Price and the percentage set forth opposite such Rental Period in column (f) of Schedule B under the heading "Interest on Prepaid Rent" (the "Interest on Prepaid Rent").
Sample 1
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Prepaid Rent Amounts and Interest on Prepaid Rent. (a) (b) (c) (d) (e) (f) Cumulative Rent Cumulative Rent Payable through Allocated through End Rental Rent Allocated End of Rental of Succeeding Rental Prepaid Interest on Period Ending to Rental Period Period Period Rent Amount Prepaid Rent ------------- ---------------- ------ ------ ----------- ------------ -------- 1 For purposes of this Schedule B, Rent refers to the sum of Basic Lease Rent plus the absolute value of any Interest on Prepaid Rent taken into account in the determination thereof. SCHEDULE C to Facility Lease -------------- TERMINATION VALUES ------------------ (expressed as percentage of Purchase Price) (a) (b) (c) (d) (e) (f) (g) Equity Preliminary Portion of Termination Overpayment Underpayment Interest on Termination Termination Termination Value Percentage of Basic of Basic Prepaid Rent Value Value Date Lease Rent Lease Rent Percentage* Percentage ---- ---------------- ---------- ---------- ------------ ----------- ---------- * Column (f) = Column (b) - Column (c) + Column (d) - Column (e), except that on Termination Dates that are also Basic Lease Rent Payment Dates Column (f) = Column (b) - Column (c) + Column (d). SCHEDULE D to Facility Lease -------------- INSURANCE ---------
Sample 1

Related to Prepaid Rent Amounts and Interest on Prepaid Rent

  • Late Charge and Interest on Rent in Default Tenant acknowledges that the late payment by Tenant of any monthly installment of Base Monthly Rent or any Additional Rent will cause Landlord to incur certain costs and expenses not contemplated under this Lease, the exact amounts of which are extremely difficult or impractical to fix. Such costs and expenses will include without limitation, administration and collection costs and processing and accounting expenses. Therefore, if any installment of Base Monthly Rent is not received by Landlord from Tenant within five (5) calendar days after the same becomes due, Tenant shall immediately pay to Landlord a late charge in an amount equal to the amount set forth in Article 1 as the “Late Charge Amount,” and if any Additional Rent is not received by Landlord when the same becomes due, Tenant shall immediately pay to Landlord a late charge in an amount equal to 5% of the Additional Rent not so paid. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the anticipated loss Landlord would suffer by reason of Tenant’s failure to make timely payment. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay any rental installment or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay each rental installment due under this Lease when due, including the right to terminate this Lease. If any rent remains delinquent for a period in excess of five (5) calendar days, then, in addition to such late charge, Tenant shall pay to Landlord interest on any rent that is not so paid from said fifth day at the then maximum rate of interest not prohibited or made usurious by Law until paid.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Interest on Overdue Payments Without limiting the rights of Executive at law or in equity, if the Company fails to make the Lump-Sum Payment or any Gross-Up Payment on a timely basis, the Company shall pay interest on the amount thereof at an annualized rate equal to the rate in effect, at the time such payment should have been made, under the 401(k) Plan for loans to participants in such plan.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Prepayment Fees Borrower agrees to pay to each [New Term Loan Lender] the following prepayment fees, if any: [ ]. [Insert other additional prepayment provisions with respect to New Term Loans]

  • Interest and Interest Rate (a) The Designated Securities will bear interest from April [•], 2010 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 3.729%.

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • INTEREST ON PAST-DUE OBLIGATIONS Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the maximum rate then allowable by law from the date due. Payment of such interest shall not excuse or cure any default by Lessee under this Lease, provided, however, that interest shall not be payable on late charges incurred by Lessee nor on any amounts upon which late charges are paid by Lessee.

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