Equity Portion of Basic Rent definition
Equity Portion of Basic Rent means, at any Payment Date, the excess ---------------------------- of the amount of Basic Rent payable under the Lease on such Payment Date over the Scheduled Amortization Amount payable under the Indenture on such Payment Date.
Equity Portion of Basic Rent means, so long as no Indenture Default or Indenture Event of Default shall have occurred and be continuing, all payments of Basic Rent in excess of the amount then due and owing in respect of the principal of and premium, if any, and interest on all Notes outstanding.
Equity Portion of Basic Rent means, at any Payment Date, the amount set forth in column (__) on Schedule 3 to the Participation Agreement corresponding to such Payment Date.
Examples of Equity Portion of Basic Rent in a sentence
The Option Purchase Price and the Option Date Equity Portion of Basic Rent shall have been received in the Designated Accounts.
In addition, in connection with any adjustment pursuant to this Section 3.4, the Equity Exposure Amounts shall be increased or decreased by an increase or decrease, as the case may be, in the Equity Portion of Basic Rent or the Equity Portion of Termination Value.
The purpose of this pledge is to secure the Pledgor's obligation (whether now or thereafter existing) under the Facility Lease to pay the Equity Portion of Basic Rent and the Equity Portion of Termination Value or amounts computed by reference to the Equity Portion of Termination Value.
More Definitions of Equity Portion of Basic Rent
Equity Portion of Basic Rent means the portion of any payment of Basic Rent, as of any date, that is not the Debt Portion.
Equity Portion of Basic Rent means for any Rent Payment Date the difference between (i) Basic Rent scheduled to be paid under the Facility Lease on such Rent Payment Date and (ii) the principal and interest scheduled to be paid on the Loan Certificate on such Rent Payment Date.
Equity Portion of Basic Rent means, as of any Rent Payment Date, an amount equal to the excess, if any, of (a) Basic Rent due on such date over (b) the principal amount of, and accrued interest on, the Lessor Notes scheduled (in accordance with the payment terms of the Lessor Notes) to be due on such date.