Lease Rate Factor definition

Lease Rate Factor. The Lease Rate Factor is $26.37 per $1,000 of Acquisition Cost, subject to adjustment as stated in Section 5. ADVANCE RENTALS: $38,915.74 Payable at the time of signing of this Schedule. To be applied to the first Monthly Rental Payment.

Lease Rate Factor means, with respect to a Lease, the meaning set out with respect thereto in the applicable Schedule.

Lease Rate Factor. 4. Basic Term: _______________. 5. Basic Term Commencement Date: ______________ ___, 200_ . 6. Renewal Term: ______________ months [________ (____) ____________ month Renewal Terms]. 7. Maximum Lease Term: _________________. .

Examples of Lease Rate Factor in a sentence

• For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period.

• For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("INTERIM PERIOD"), Lessee shall pay as rent ("INTERIM RENT") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period.

• Commencing on 12/01/04 and on the same day of each month thereafter (each, a "RENT PAYMENT DATE") during the Basic Term, Lessee shall pay as rent ("BASIC TERM RENT") the product of the Basic Term Lease Rate Factor times the Capitalized Lessor's Cost of all Equipment on this Schedule.

• The applicable Lease Rate Factor shall be Lessor's then-current Lease Rate Factor for similar transactions based upon the remaining length of the Term.

• For the period from and including the Lease Commencement Date to but not including the Basic Term Commencement Date (“Interim Period”), Lessee shall pay as rent (“Interim Rent”) for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor’s Cost of such unit times the number of days in the Interim Period.

More Definitions of Lease Rate Factor

Lease Rate Factor. The Lease Rate Factor of .02875 shall increase .000069966 for every five (05) basis point increase in thirty-six (36) month U.S. Treasury Notes as of the Acceptance Date of the Property (the "Revised Lease Rate Factor"), at which time the final Monthly Rental under this Schedule shall be adjusted by multiplying the Total Cost, indicated in Section 7, by the Revised Lease Rate Factor. The thirty-six (36) month U.S. Treasury Note yield used as the basis for the derivation of the Revised Lease Rate Factor herein is 4.40%.

Lease Rate Factor shall be equal to an interest rate determined by adding 495 basis points to the published yield on Five (5) Year Constant Maturity United States Treasury Notes as reported in Federal Reserve Statistical Release H.15(519), as published by the Board of Govenors of the Federal Reserve System, or any successor publication by the Board of Governors of the Federal Reserve System, most recently prior to the Effective Date with respect to the applicable Lease for each System. Beginning with the twenty-fifth (25th) monthly installment, each payment of Rent shall consist of a "Lease Rate Factor" payment together with an amount constituting a partial repayment of the Lease Amount as set forth below: Installment Number Percentage of Lease Amount ------------------ -------------------------- 25-36 1.667% 37-48 2.500% 49-59 4.167% 60 All Unpaid Lease Amount The Rent for a System is based upon the Supplier's estimated total price of the System and the acceptance of the System by Lessee on or before the scheduled Commencement Date (as set forth in the applicable Schedule). If the applicable portion of the Lease Amount (as set forth above or in any applicable Schedule) of the installed System exceeds or is less than the estimate as a result of a job change order ("JCO"), the Lessee authorizes Lessor to adjust the Rent accordingly. If the Commencement Date occurs after the scheduled Commencement Date, and Lessor waives the condition precedent that the Commencement Date occur on or before the scheduled Commencement Date, Lessor's then current Lease Rate Factor for similar transactions shall apply and the Lessee authorizes Lessor to adjust the Rent, if required. In the event the Rent is adjusted, the principal, interest and purchase option amounts as set forth in the Rent and Purchase Option Annex to the applicable Schedule shall also be adjusted. Lessor shall inform Lessee in writing of any such adjustment. Whenever any payment of Rent or any other amount due under a Lease is not made within ten days after the date when due, Lessee agrees to pay on demand (as a fee to offset Lessor's collection and administrative expenses), one and one-half percent (1 1/2%) per month of all overdue amounts from the due date until paid, but not exceeding the lawful maximum, if any.

Lease Rate Factor. The Lease Rate Factor is $26.051 per $1,000 ----------------- of Acquisition Cost, subject to adjustment as follows. Lessor reserves the right to increase the amount of the monthly payment of Basic Rent as of the Lease Commencement Date proportionally to any increase in the weekly average of the interest rates of three-year U.S. Treasury Securities (the "Base Rate") from the week ended October 4, 1996 to the week preceding the Lease Commencement Date, as published in the Federal Reserve Statistical Release H.

Lease Rate Factor. For months 1-3: 0.011000 For months 4-36:0.036283

Lease Rate Factor. The Base Lease Rate Factor of .02217 shall increase .00015238 for every five (05) basis point increase in forty-eight (48) month U.S. Treasury Notes, as of the Acceptance Date of the Property, at which time the final Monthly Rental amount under this Schedule shall be determined based upon the new lease rate factor redetermined under this provision ("Lease Rate Factor"). The forty-eight (48) month U.S. Treasury Note yield used as the basis for the derivation of the Lease Rate Factor contained herein is 5.43%. Not applicable if transaction closes on or before April 30, 1998.

Lease Rate Factor. The Lease Rate Factor of .0453969 shall increase .0003990 for every five (05) basis point increase in thirty-six (36) month U.S. Treasury Notes, until all items of equipment have installed, at which point the Acceptance Date of the lease shall have occurred. The thirty-six (36) month U.S. Treasury Note yield used as the basis for the derivation of the Lease Rate Factor contained herein is 5.05

Lease Rate Factor means the lease rate factors set forth on Schedule 4.