Additional Base Rent definition

Additional Base Rent with respect to the Non-Program Vehicles leased under the Group IV Financing Lease, with respect to each Payment Date, shall equal the amount, if any, by which (a) 100% of the aggregate Group IV Net Book Value of such Non-Program Vehicles leased under the Group IV Financing Lease on the last day of the Related Month exceeds (b) the three (3) month rolling average of the Fair Market Value of such Non-Program Vehicles for the preceding three (3) calendar months.

Additional Base Rent. For the Additional Premises, the sum equal to the number of RSF within the Additional Premises (A) $18.50 per RSF for the first (1st) through the fifth (5th) Lease Years (as defined in Section 5A) during the Term (B) $22.50 per RSF for the sixth (6th) through tenth (10th) Lease Years during the Term and (C) $25.50 per RSF for the eleventh (11th) through fifteenth (15th) Lease Years during the Term ("Additional Annual Base Rent"). Such Additional Annual Base Rent shall be paid in monthly installments of one-twelfth (1/12) of the then current Additional Annual Base Rent in advance on or before the first day of each and every month during the Term ("Additional Monthly Base Rent"), as the Additional Annual Base Rent or Additional Monthly Base Rent may be adjusted pursuant to Paragraph 5 of this Lease;

Additional Base Rent means all amounts payable by the Lessee to the Agent for the account of the Lessors pursuant to Section 7(a)(ii) hereof.

Examples of Additional Base Rent in a sentence

• The Monthly Base Rent, Additional Base Rent and Additional Rent shall be payable in advance on the first day of each month during the Lease Term in lawful money of the United States, to Lessor at 200 Xxxxxx Xxx North Minneapolis, Minnesota 55405, or such other place as Lessor shall designate.

• In the event Lessor does not receive any installment of Base Rent, Additional Base Rent, Additional Rent, or any other charge payable hereunder within five days of the date on which it is due, or if any check submitted by Tenant to Lessor is returned for nonsufficient funds, Tenant, unless prohibited by law, shall pay to Lessor, in addition to such amounts owed under this Lease, a late charge in the amount of $250.00 as compensation to Lessor for administrative costs.

• After giving credit for all prepayments on account thereof pursuant to CLAUSE (C) below, each Group IV Lessee shall pay to the Group IV Lessor the monthly Additional Base Rent that has accrued during the Related Month with respect to the Non-Program Vehicles leased under the Group IV Financing Lease by such Group IV Lessee; and MONTHLY SUPPLEMENTAL PAYMENT.

• Base Rent, Additional Base Rent and all additional rental amounts (“Additional Rent”), as outlined in Sections 32 and 33 hereof, shall be due and payable, on the dates specified for each, commencing upon the Commencement Date (as defined below).

• Additional Base Rent Adjustment Period: Amount of Additional Base Rent: Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Month 13 Month 14 Month 15 Month 16 $30,789.06 $61,578.13 $92,367.19 $123,156.25 $153,945.31 $184,734.38 $215,523.44 $246,312.50 $277,101.56 $307,890.63 $338,679.69 $369,468.75 $411,264.90 $442,900.67 $474,536.43 $506,172.19 8.

More Definitions of Additional Base Rent

Additional Base Rent has the meaning set forth in Section 9 of Annex A to the Group V Lease and in Section 6 of Annex B to the Group V Lease.

Additional Base Rent with respect to the Non-Program Vehicles leased under the Financing Lease, with respect to each Payment Date, shall equal the amount, if any, by which (a) 100% of the aggregate Net Book Value of such Non-Program Vehicles leased under the Financing Lease on the last day of the Related Month exceeds (b) the three (3) month rolling average of the Fair Market Value of such Non-Program Vehicles for the preceding three (3) calendar months.

Additional Base Rent with respect to the Group IV Type II Repurchase Vehicles and Group IV Non-Repurchase Vehicles leased hereunder, with respect to each Due Date shall equal the amount, if any, by which (a) 100% of the current aggregate Net Book Value of such Group IV Type II Repurchase Vehicles or Group IV Non-Repurchase Vehicles owned by the Lessor exceeds (b) the three (3) month rolling average of the Fair Market Value of such Group IV Type II Repurchase Vehicles or Group IV Non-Repurchase Vehicles, as applicable, for the preceding three (3) calendar months.

Additional Base Rent with respect to the Non-Repurchase Vehicles leased hereunder, with respect to each Due Date shall equal the amount, if any, by which (a) 100% of the aggregate Net Book Value of such Non- Repurchase Vehicles owned by the Lessor exceeds (b) the three (3) month rolling average of the Fair Market Value of such Non-Repurchase Vehicles for the preceding three (3) calendar months.

Additional Base Rent. The Base Rent shall be increased by an amount equal to Two Hundred Dollars ($200.00) per month.

Additional Base Rent has the meaning specified in Section 9 of Annex A, Section 6 of Annex B or Section 9 of Annex C of the Series 1997 Lease, as applicable.

Additional Base Rent is defined in Section 6 of Annex B to the Group I Lease.