Base Term Commencement Date means the Original Closing Date.
Base Term Commencement Date shall have the meaning provided in Section 2.2 of each Lease.
Base Term Commencement Date means the Facility Completion Date.
Examples of Base Term Commencement Date in a sentence
The Lessor shall have received a copy of an appraisal (the “Appraisal”) from the Appraiser which shall establish (by the use of appraisal methods satisfactory to the Lessor) the Fair Market Value and the economic useful life of each Leased Property as of the Base Term Commencement Date and as of the Final Maturity Date.
The initial term of the lease of an item of Equipment and financing of a Soft Cost Item (‘Initial Term’) begins on the item’s Acceptance Date and continues through the Base Term Commencement Date and then for the Base Term (unless terminated earlier as expressly provided herein).
More Definitions of Base Term Commencement Date
Base Term Commencement Date means the date that: (a) Vendor has completed construction of the Equipment; (b) Lessee has inspected it and determined that such Equipment is in the condition required by the Purchase Agreement and is otherwise in good order and condition, and conforms to the specifications, requirements and standards applicable thereto and is satisfactory to Lessee; and (c) all conditions precedent set forth in Section 9 of hereof shall be satisfied. For purposes of this Lease, the foregoing conditions (a) and (b) shall conclusively be deemed to be satisfied upon the latter of the execution of an Acceptance Certificate by Lessee.
Base Term Commencement Date. If there is an Interim Term, the Base Term Commencement Date shall be the day immediately following the last day of the Interim Term. If there is no Interim Term, the Base Term Commencement Date shall be the Lease Commencement Date. BASE TERM: The period commencing on the Base Term Commencement Date and ending on, and including, the 60 monthly anniversary of the Base Term Commencement Date.
Base Term Commencement Date has the meaning set forth in Section --------------------------- 3(b) of the Lease.
Base Term Commencement Date means the date on which Substantial Completion of the Facility has occurred.
Base Term Commencement Date means the date which is the earlier of (i) with respect to each Facility, the Facility Completion Date therefor, (ii) with respect to any Unit allocated to an Equipment Group and each Unit which is included in the Post-Completion Assets described at Section 9.1(p) of the Participation Agreement, the Unit Completion Date for such Unit, or (iii) with respect to all Lease Supplements, the date an Insolvency Event occurs.
Base Term Commencement Date means, as to all Equipment designated on any Lease Schedule, where the Installation Date for the item of Equipment last to be installed falls on the first day of the month, that date, or, in any other case, the first day of the month following the month in which the item of Equipment last to be installed is installed. (d) The “Daily Rental” means 1/30th of the amount set forth as the monthly rental for each item of Equipment in the applicable Lease Schedule. (e) A “Holdover” means, the event which shall have occurred should Lessee fail to deliver possession of any item of Equipment in a timely manner after giving Lessor proper notice that such Equipment shall be returned pursuant to the provisions of the Lease.
Base Term Commencement Date shall have the meaning provided in Section 2.2 of the Lease. “Basic Rent” shall mean for each Payment Period, an amount equal to the Yield payable on the last day of such Period. “Benchmark” shall mean, initially, the Term SOFR Rate; provided that if a Benchmark Transition Event has occurred with respect to the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.9(f) of the Participation Agreement. “Benchmark Replacement” shall mean, with respect to any Benchmark Transition Event, the first applicable alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date: