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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
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.
Sample 1

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 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.
Sample 1
Equity Portion of Basic Rent means the portion of any payment of Basic Rent, as of any date, that is not the Debt Portion.
Sample 1
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.
Sample 1

Related to Equity Portion of Basic Rent

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • 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.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

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

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • On-premise beer retailer means a beer retailer who is:

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Cash Surrender Value means an amount that equals, at any specified time, the cash surrender value as determined under the terms of the Policy.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • 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.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.