RESTRUCTURING FEE AND ADJUSTMENT OF RENT Sample Clauses

RESTRUCTURING FEE AND ADJUSTMENT OF RENT. In consideration of the restructuring of the Other Agreements and the lease of the Aircraft pursuant to the Lease Agreements (as such term is defined in Schedule A attached hereto), the Lessee shall pay to GECAS, on behalf of the Lessors, a restructuring fee (THE "RESTRUCTURING FEE") on the terms and conditions as set forth herein. If the Lessee completes an initial public offering ("IPO") of common stock of Lessee, par value $.001 per share (THE "COMMON STOCK"), or a private placement (A "PPO") of Common Stock, then, upon the occurrence of such IPO or PPO, Lessee shall pay GECAS, on behalf of the Lessors, a Restructuring Fee in an amount as set forth in Schedule A attached hereto. The Restructuring Fee shall be reduced by the difference between (1) aggregate Basic Rent actually paid by the Lessee to the Lessors, pursuant to all Lease Agreements (and excluding any Rent Arrearages) from the date hereof to the date the Restructuring Fee is due and payable and (2) the aggregate of the Initial Rents as such term is defined in Schedule A for the same period. Upon the payment of the Restructuring Fee and commencing with the Rent Payment Date next succeeding such payment of the Restructuring Fee, the amount of Basic Rent for the Aircraft thereafter due and payable shall be adjusted, based upon the initial base amount of the Restructuring Fee prior to adjustment, to equal the amount set forth for such Aircraft in Schedule B attached hereto with respect to the Lease Agreement. The Restructuring Fee shall be paid in cash, warrants or a combination thereof, as GECAS may elect. If the Restructuring Fee is due and payable on a date other than a Rent Payment Date, any adjustments to the Restructuring Fee or Basic Rent shall be made on a pro-rata basis using a 30 day calendar month.
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Related to RESTRUCTURING FEE AND ADJUSTMENT OF RENT

  • Adjustment of Rent Lessee and Lessor agree that the payments and allocations of Basic Rent, Stipulated Loss Values, Stipulated Loss Amounts, Termination Values and Termination Amount percentages and the Early Purchase Price shall be adjusted to the extent provided in Section 2.6 of the Participation Agreement.

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

  • Adjustment of Fees Trust acknowledges that from time to time after the first anniversary of the Effective Date, Administrator may increase all non-asset based Fees upon sixty days written notice to the Trust, in an amount equal to the greater of: (a) five percent; or (b) the percentage increase in the CPI since the Effective Date of the first such increase and since the date of the immediately preceding increase with respect to all subsequent increases; provided, however, that Administrator may not increase the Fees more than one time during any twelve-month period. Notwithstanding the above, in the event of an increase to Administrator’s costs for Special Third Party Services, Administrator may at any time upon thirty days written notice increase the Fees applicable to such Special Third Party Services, provided, that such fee increase will not exceed the applicable percentage increase in costs incurred by Administrator with respect to such Special Third Party Services.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Closing Prorations and Adjustments The prorations set forth in this Section 6.5 shall be on a Property-by-Property basis and not among, or between, Properties, and shall not be allocated on an Applicable Share basis.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Prorations and Adjustments The following shall be prorated and adjusted between Seller and Purchaser as of the day of the Closing, except as otherwise specified:

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable. SCHEDULE D SPECIAL DISTRIBUTION SERVICES AND FEES Services Fees

  • Payments of Post-Closing Adjustment Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account(s) as is directed by Buyer or Sellers, as the case may be.

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