Examples of Lease Advance in a sentence
The Servicer may, at its option, make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if the Base Payment exceeds the sum of (i) Active Lease Proceeds (which may be positive or negative) plus (ii) the Payahead Draw, by depositing the amount of the excess (equal to the Active Lease Advance) in the Exchange Note Collection Account on the Business Day before the related Payment Date or, with satisfaction of the Rating Agency Condition, on that Payment Date.
The Base Rent for the Initial Term will be computed monthly and will be equal to 1/12th of the sum of the products of each Lease Advance times the Lease Rate for each Lease Advance.
On each date that the Lease Rate is increased, the Base Rent will be increased accordingly and will be equal to 1/12th of the sum of the products of each Lease Advance times the Lease Rate (including the applicable Increaser Rate) for each Lease Advance.
Lessee shall pay to Lessor, prior to Lessor's acceptance of a Lease, Advance Rent, if specified.
Effective as of the Renewal Date, a single Lease Amount will be computed by summing all Lease Advance Amounts (including the Acquisition Amount).
Effective as of the Renewal Date, a single Lease Amount will be computed by summing all Lease Advance Amounts.
This latter distinction with regards to the geographical setting of the individual is the part of the reform that Enver Hoxha first established, and which found the Greek side utterly opposite.
Upon receipt of a Facility Lease Advance Rent Notice from the JEPA, the City shall promptly submit to RIDA a Sublease Advance Rent Notice for an equivalent amount.
Based on such review and at any time during the sixty (60) day period following any such twelve (12) month anniversary or waiver, the Administrative Agent and the Purchaser Agents may, in their discretion and acting unanimously, change, amend, or otherwise modify the Lease Advance Rates and the Lease Advance Rate Matrix by joint written notice to the Servicer, which notice shall specify such change, amendment, or modification in reasonable detail.
Upon receipt of a Facility Lease Advance Rent Notice (as defined in the Facility Lease) from the JEPA under the Facility Lease, the City shall promptly submit to RIDA a Sublease Advance Rent Notice for an equivalent amount (such amounts, collectively, “Sublease Advance Rent”).