Base Monthly Payment definition

Base Monthly Payment means, with respect to any Lease, a level amount payable monthly in advance by the related Lessee that provides a fixed internal rate of return, and amortizes the Adjusted Capitalized Cost of such Lease to the Residual Value of the related Vehicle over the Lease Term.
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Base Monthly Payment means the regular monthly installments of Base Interest and principal due under this Note on each Monthly Payment Date pursuant to Section 6(a).
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Examples of Base Monthly Payment in a sentence

  • President Atkins opened the Public Hearing at 1:36 p.m., to receive comments on the Preliminary Base Monthly Payment (BMP) for Fiscal Year 2024/2025.

  • Once those two functions are identified, the inven- tory costs can be identified from purchase frequencies or purchase hazards in Ching and Osborne (2020).A key departure of our model from the literature is the possibility of consumers’ present- biased preference.

  • The documentation to support the final Base Monthly Payment is included behind the resolution.

  • As used in this Amendment, the term "Minimum Monthly Payment" means the sum of the following (A) Eighty Two Thousand Two Hundred Forty Four and 80/100 Dollars ($82,244.80) per month (the "Minimum Base Monthly Payment") plus (B) Thirty Three and 88/100 Percent (33.88%) of the Real Property Taxes and Direct Operating Expenses for the Property (the "Minimum Additional Rent").

  • Sessa's lease agreement indicated that $4,000.00 was the "Amount Due at Lease Signing" and $237.75 was the "Base Monthly Payment." Joint App'x at 37, 111.[2] The lease also provided that the Forester's "Residual Value" at the end of the lease term would be $19,444.07.

  • The Base Monthly Payment consists of Base Rent plus Base Operating Costs.

  • The Minimum Base Monthly Payment shall be adjusted once each year, effective as of June 1 of each year to and amount equal to the greater of (i) one hundred four percent (104%) of the Minimum Base Monthly Payment payable during the immediately preceding month and (ii) the fair market value for the 74,768 gross leasable square feet space comprising the Premises (the "Fair Market Value"), as determines below.

  • Manager Moody also provided a handout to the Board of a revised Resolution No. 16-17-12 – Setting a Revised Base Monthly Payment for the Period April 1, 2017 to March 31, 2018.

  • Manager Moody reported in accordance with the District Act, after Board approval of the District Fiscal Year Budget, the Board then holds public hearing for review and approval to adopt the Revised Base Monthly Payment for the Urban Contractors.

  • If Tenant timely provides Landlord with a written objection, then the Fair Market Value shall be determined in accordance with the appraisal process set forth in the second paragraph of Paragraph 1.2 of the Addendum, provided, however, that in no event shall the Minimum Base Monthly Payment be less than One Hundred Four Percent (104%) of the Minimum Base Monthly Payment payable for the last full month of the immediately preceding year.

Related to Base Monthly Payment

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Base Month : for this contract, shall mean: Month prior closing of Bid

  • Lease Month means each calendar month during the Term (and if the Commencement Date does not occur on the first day of a calendar month, the period from the Commencement Date to the first day of the next calendar month shall be included in the first Lease Month for purposes of determining the duration of the Term and the monthly Basic Rent rate applicable for such partial month).

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Balloon Payment shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Monthly P&I means, with respect to any Receivable, the amount of each monthly installment of principal and interest payable with respect to such Receivable in accordance with the terms thereof, exclusive of any charges allocable to the financing of any insurance premium and charges which represent late payment charges or extension fees.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Bill Due Date means thirty (30) calendar days from the bill date.