Equity Rent definition

Equity Rent means Equity Rent as defined in Paragraph 37(b).
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Equity Rent shall, for any given month, equal $27,639, subject to the adjustments set forth in paragraphs 2, 3, 4 and 5 below; provided, however, that if there is no Non-Equity Rent in any given month because there is no Loan, then the Equity Rent for such month (and all successive months) shall be $27,639 plus the Non-Equity Rent in effect for the immediately preceding month, subject to the adjustments set forth in paragraphs 2, 3, 4 and 5 below.
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Examples of Equity Rent in a sentence

  • The parties agree that Tenant is paying the Senior Rent Component of Base Rent directly to UBS for the convenience of the parties in order to satisfy Landlord's obligations to pay interest under the UBS Loan for the period of time corresponding to the Term of this Lease; all Base Rent payments shall be deemed payments to Landlord to the extent of the Equity Rent Component and payments of the interest due to UBS under the UBS Loan to the extent of the Senior Rent Component.

  • The complaint requests the court to enjoin the sale of Trinity® Evolution™ and award damages to NuVasive and Osiris for the alleged infringement.

  • Commencing as of the month in which the 10th anniversary of the First Full Basic Rent Payment Date occurs, (a) CPI adjustments shall be made to Basic Rent (and not just to Equity Rent), and (b) all references in paragraphs 2, 3 and 4 above to "Equity Rent" shall be deleted and, in lieu thereof, the phrase "Basic Rent" shall be inserted.

  • Equity Rent shall not be adjusted to reflect changes in the CPI until the fifth (5th) anniversary of the Basic Rent Payment Date on which the first full monthly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date").

  • Security Deposit" shall have the meaning set forth in Section 5.8." The following defined terms are hereby revised as set forth below: Equity Rent Component.

  • The Equity Rent shall be subject to adjustment, in the manner hereinafter set forth, for increases in the index known as United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index, All Urban Consumers, United States City Average, All Items, (1982-84=100) ("CPI") or the successor index that most closely approximates the CPI.

  • Tenant shall receive a credit against installments of Equity Rent to the extent such proceeds are received by Landlord and Debt Rent received by Lender on behalf of Landlord.

  • The addresses for payments of Base Rent (Equity Rent Component and Senior Rent Component) set forth in Section 1.10 of the Lease are hereby deleted and replaced with the following: "Sumitomo Bank Leasing and Finance, Inc.

  • If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Equity Rent will remain the same for the ensuing five (5) year period.

  • The Equity Rent shall be subject to adjustment, in the manner hereinafter set forth, for increases in the index known as United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index, All Urban Consumers, United States City Average, All Items, (1982-84=100) ("CPI") or the successor index that most closely EXHIBIT "D" approximates the CPI.

Related to Equity Rent

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

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

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

  • 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.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).