Examples of Accrual Rent in a sentence
The obligations secured hereby shall include, without limitation, all Basic Rent, Accrual Rent and Fixed Rent as well as all Supplemental Rent due from Lessee/Mortgagor under the Master Lease.
The maximum amount of advances, exclusive of interest thereon (whether or not identified as interest and including specifically all Accrual Rent under the Master Lease), and exclusive of advances made for the payment of real estate taxes, assessments, insurance premiums and costs incurred for the protection of the Security Property, all of which are also secured by this Supplement, which may be outstanding at any time is One Hundred Twenty Million and 00/100 Dollars ($120,000,000.00).
All computations of Accrual Rent and other accrued amounts (including, without limitation, the Overdue Rate), in each case pursuant to the Operative Documents shall be made on the basis of a 360-day year and the actual days elapsed for Accrual Rent calculated by reference to the LIBO Rate.
Each determination of Accrual Rent pursuant to any provision of this Lease or any of the other Operative Documents shall be conclusive in the absence of manifest error.
With respect to each determination of Accrual Rent under the Lease, Lessee agrees to be bound by Section 2.9 hereof and the applicable definition in Article I hereof.
Except as otherwise provided in Section 6.5, on each Payment Date during the Lease Term, Lessee shall pay to Agent, for the benefit of Lessor, a payment of rent consisting of (i) Capital Rent and (ii) Accrual Rent (collectively, "Basic Rent").
On each Payment Date during the Lease Term, Lessee shall pay to Agent for the benefit of Lessor, a payment of rent consisting of (i) Capital Rent (other than with respect to the initial Payment Date on which Lessee shall pay only Accrual Rent) and (ii) Accrual Rent (collectively, “Basic Rent”).
Thereafter on each Payment Date during the remaining Lease Term, Lessee shall pay to Trustee, for the benefit of the Certificate Purchasers, an installment payment of rent consisting of (a) Capital Rent as set forth opposite the applicable Payment Date on Schedule II to each Lease Supplement and (b) Accrual Rent for the applicable Rent Period on the outstanding Lease Balance (collectively, "BASIC RENT").
Each Tranche I Lessor shall have received from ------------ Lessee a Certificate duly executed by Lessee and registered in such Tranche I Lessor's name evidencing such Tranche I Lessor's right to receive Accrual Rent, Capital Rent and the Lease Balance set forth on such Lessor's Payment Schedule, and Supplemental Rent, in each case as provided in this Lease, or, in the event of a foreclosure on any or all of the Collateral, in accordance with Section 8.4(c).
The obligations secured hereby shall include, without limitation, all Basic Rent, Accrual Rent and Fixed Rent as well as all Supplemental Rent due from Mortgagor under the Master Lease.