Ground Lease Rent definition
Ground Lease Rent shall have the meaning ascribed to such term in Section 3.02.B(2) hereof.
Ground Lease Rent shall have the meaning set forth in the Ground Lease.
Ground Lease Rent is defined in Section 3 of the Ground Lease.
Examples of Ground Lease Rent in a sentence
Such Funding by the Participants to the Administrative Agent with respect to an Advance and any Advance by the Administrative Agent to any Person entitled to payments constituting Project Costs, including Ground Lease Rent, Capitalized Contingent Rent, Capitalized Fees, Capitalized Yield or Transaction Expenses shall be deemed to constitute the required Advance by the Participants.
Subject to the terms and conditions of this Participation Agreement, on each Advance Date, Lessor shall make an Advance, the proceeds of which shall be used for the payment of Project Costs (including Ground Lease Rent, Capitalized Fees, Capitalized Yield, Capitalized Contingent Rent and Transaction Expenses accruing during the Commitment Period).
More Definitions of Ground Lease Rent
Ground Lease Rent means the rent payable by BNPPLC pursuant to Paragraph 3 below.
Ground Lease Rent means any and all rent due and payable under the Ground Lease.
Ground Lease Rent means the rent payable by the lessee pursuant to the ground lease described in Schedule 2.1(a).
Ground Lease Rent has the meaning set forth in paragraph 6(a) of the Ground Lease.
Ground Lease Rent. All rent, additional rent and other costs and expenses paid by Lessor or due and payable under the Ground Lease.
Ground Lease Rent means the monthly rent payable by BOR to the City for BOR’s use of the City Property. The Ground Lease Rent shall be determined based upon the product of four percent (4%) times lower of (x) the Current Market Value (as defined in Section 2 below) of the City Property, or (y) the Fair Market Value (as defined in Section 3 below) of the City Property; divided in each case by twelve (12). The lower of the Current Market Value and the Fair Market Value is referred to herein as the “Base Value.” For example, if the City Property comprised exactly 5 acres (217,800 square feet) and the Fair Market Value were $6.00 per square foot, the Fair Market Value would be $1,306,800. If the Current Market Value were $1,350,000, the Ground Lease Rent would be $4,356 per month, which is the product of 4% x $1,306,800 (the Base Value) divided by 12.
Ground Lease Rent means and include all rent and other amounts payable during the term of this Lease by Landlord or Landlord's successors and assigns under the Ground Lease (excluding real estate and personal property taxes which are included in Taxes as provided in Section 2.02 (C).