Initial Term Loan shall have the meaning provided in Section 2.1(a).
Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.
Annual Fixed Rent See Exhibit A, and Section 3.1.
Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.
Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).
Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).
Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).
Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.
Additional Compensation has the meaning set out in Section 11.3(1).
Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).
Additional Term Loan has the meaning specified in Section 2.01(c).
Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.
Past Due Rent Payment is defined in Section 2.2(g).
Fixed Rent shall have the meaning set forth in Section 1.1 hereof.
Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.
Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.
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.
Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).
Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.
Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.
Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.
Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.
Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.
Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.
Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.
Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).