Basic Rent Amount definition

Basic Rent Amount has the meaning provided in Annex A.

Basic Rent Amount means ***** such amount being based on an assumed ten year US LIBOR swap rate of 3.00%, as adjusted two (2) Business Days prior to the Delivery Date to reflect the then actual ten year US LIBOR swap rate as follows: Basic Rent Amount = *****, where “L” means the ten year US LIBOR swap rate expressed as a percentage two (2) Business Days prior to the Delivery Date.

Basic Rent Amount in Schedule 2 of each Lease shall be amended to read as set forth on Schedule 1 hereto.

Examples of Basic Rent Amount in a sentence

• Upon determination of the Basic Rent Amount pursuant to the definition thereof in Annex A, Lessor will notify Lessee of such amount to be recorded in the Technical Acceptance Certificate.

• On each Basic Rent Payment Date, Lessee will pay to Lessor as Basic Rent an amount equal to the Basic Rent Amount; provided that on the Delivery Date, Lessee shall pay to Lessor an amount equal to ***** (the “Initial Basic Rent Payment”).

• In connection with any such adjustment to Basic Rent payments pursuant to this Section 3(d), appropriate corresponding adjustments shall be made to the percentages set forth in Exhibit D in the columns with the headings "Deferred Basic Rent Amount" or "Prepaid Basic Rent Amount", as the case may be, and such corresponding adjustments shall also be set forth in such Lease Supplement or amendment to this Lease.

• The Basic Rent payable in respect of each Rental Period will be the Basic Rent Amount, except that if the final Rental Period contains less than thirty (30) days, the amount of Basic Rent payable in respect of such final Rental Period will be a pro rata amount of the Basic Rent Amount obtained by dividing the Basic Rent Amount by thirty (30) and multiplying the result by the number of days elapsed from, and including, the last Rent Date to, and including, the Expiry Date.

• On each Basic Rent Payment Date, Lessee will pay to Lessor as Basic Rent an amount equal to the Basic Rent Amount; provided that on the Delivery Date, Lessee shall pay to Lessor an amount equal to the ***** (the “Initial Basic Rent Payment”).

More Definitions of Basic Rent Amount

Basic Rent Amount has the meaning provided in Schedule 2.

Basic Rent Amount means $125,000.00 per month for the first year of the Agreement, and $120,000.00 per month in the event the Agreement is extended beyond 30 September 2002.

Basic Rent Amount. $337,500.00, such amount being based on an assumed ten year US LIBOR swap rate of 3.00%, as adjusted two (2) Business Days prior to the Delivery Date to reflect the then actual ten year US LIBOR swap rate as follows: Basic Rent Amount = ***** where “L” means the ten year US LIBOR swap rate expressed as a percentage two (2) Business Days prior to the Delivery Date.

Basic Rent Amount means $125,000 on each Rent Payment Date before September 10, 2002, $108,500 on September 10, 2002 and $70,000 on each Rent Payment Date after September 10, 2002.

Basic Rent Amount shall have the meaning set forth in Schedule 3 to the Lease Agreement.

Basic Rent Amount means US$[ ]*.

Basic Rent Amount means (i) $125,000 on each Rent Payment Date before September 10, 2002, (ii) $108,500 on September 10, 2002, (iii) $70,000 on each Rent Payment Date after September 10, 2002 but before March 10, 2003, (iv) $60,000 on March 10, 2003 and each Rent Payment Date after March 10, 2003 but before September 10, 2003, (v) $40,500 on September 10, 2003, (vi) $45,000 on each Rent Payment Date after September 10, 2003 but prior to the Termination Date of the Other Lease, (vii) on the Termination Date of the Other Lease, an amount equal to the product of $15,000 and a fraction, the numerator of which is the number of days from and including the Termination Date of the Other Lease to but excluding the next Rent Payment Date, and the denominator of which is 30 and (viii) $60,000 on each Rent Payment Date thereafter.