Lease Rate Factor definition
Lease Rate Factor. The Lease Rate Factor is $24.48 per $1,000 of Acquisition Cost, subject to adjustment as stated in Section 5. ADVANCE RENTALS: $9,803.46 Payable at the time of signing of this Schedule. To be applied to the first and last Monthly Rental Payments.
Lease Rate Factor. 4. Basic Term: _______________. 5. Basic Term Commencement Date: ______________ ___, 200_ . 6. Renewal Term: ______________ months [________ (____) ____________ month Renewal Terms]. 7. Maximum Lease Term: _________________. .
Lease Rate Factor means, with respect to a Lease, the meaning set out with respect thereto in the applicable Schedule.
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.
Interim rent shall be calculated at the daily equivalent of the Monthly Lease Rate Factor.
Lessee shall pay to Lessor a daily pro rata rental fee (“Rental Fee”) from the date of execution of the Authorization for each Item of Equipment through the Installation Date calculated by multiplying the Base Lease Rate Factor specified in the applicable Schedule times the amount of such Progress Payment divided by 30.
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. 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 is used to calculate the amount of monthly rental payments. The monthly rent payment shall be calculated by multiplying the appropriate Lease Rate Factor by the Total Cost of the Property: $1.00 Buyout Option: .028946 .022104 .018035 The Lease Rate Factor will fluctuate until the conclusion of the Installation Period (“the Adjustment Date”). On the Adjustment Date, the Lease Rate Factor will be set based upon a change in the spot rate for like-term Interest Rate Swaps as published by the Federal Reserve statistical release H.15 (the “Spot Rate”). If, on the Adjustment Date, the Spot Rate is greater or lower than .96% (3 yr.), 1.17% (4 yr.), and 1.36% (5 yr.) based on the like term Swaps as of October 16, 2015, then the Lease Rate Factor will be adjusted accordingly based on the change in the Spot Rate . 12/12 This Financial Covenants Rider (this “Rider”) is attached to the Master Lease Agreement dated, November 6, 2015 and/or the Master Loan Agreement, as applicable (the “Agreement(s)”), between ▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. (“Obligor”) and U.S. Bank Equipment Finance, a division of U.S. Bank National Association (“Creditor”) and amends such Agreement(s) to add the following terms and conditions. Capitalized terms used but not defined herein are used with the respective meanings specified in the Agreement(s). If any terms hereof are inconsistent with the terms of the Agreement(s) or any previous Financial Covenants Rider, the terms hereof shall prevail. Obligor agrees that, so long as any obligations remain outstanding under any of the Agreement(s), Obligor shall:
Lease Rate Factor means the lease rate factors set forth on Schedule 4.
Lease Rate Factor. (expressed as a percentage of Equipment's original Purchase Price): 2.72%
Lease Rate Factor means (i) 1.178% if on the Lease Commencement Date the Equipment is on contract with Wiwynn Technology Corp. for at least 10.5 years (a “Full Contract”) or (ii) 1.270% for payments 1-60 and 1.039% for payments 61-120 if on the Lease Commencement Date the Equipment is on contract for at least 5 years with at least two 5-year renewal options (a “Renewal Contract”) or (iii) 1.500%; provided, however, that such percentages assume a U.S. 2-Year Treasury constant maturity rate of 3.60% on the applicable Lease Commencement Date. Should this rate index be higher than 3.60% (as reported by the Federal Reserve Board of Governor’s H.15 release) for the reporting day immediately before execution of this Schedule, then the Lease Rate Factor will increase accordingly, and should this rate index be lower than 3.60% (as reported by the Federal Reserve Board of Governor’s H.15 release) for the reporting day immediately before execution of this Schedule, then the Lease Rate Factor would decrease accordingly (but in no event would any decrease be greater than 10 basis points). 2 120 months if on the Lease Commencement Date the Equipment is on a Full Contract or a Renewal Contract; otherwise, 84 months. 3 the applicable Lease Commencement Date. 4 the last day of the month 84 or 120 months from the Lease Commencement Date, as applicable.
Lease Rate Factor. Months 1-18: 1.95% ----------------- Attn.: Months 19-48: 2.780% EQUIPMENT (as defined below): Advance Rent: None ------------ Interim Rent: Interest Only ------------ Equipment specifically approved by Lessor, which shall be delivered to and accepted by Lessee during the period January 20, 1999 through January 20, 2000 ("Equipment Delivery Period"), for which Lessor receives vendor invoices approved for payment, up to an aggregate purchase price of $1,800,000 ("Commitment Amount"); excluding custom use equipment, leasehold improvements, installation costs and delivery costs, rolling stock, special tooling, "stand- alone" software, application software bundled into computer hardware, hand held items, molds and fungible items.