Lease Rate Percentage definition

Lease Rate Percentage means X.XX%, as bid in the proposal response. The Lease Rate Percentage is applied to the Land Value to determine the initial Base Rent for the First Lease Year and for the first year after a Market Adjustment. This percentage may not be less than the rate provided in 77-1- 905, MCA, and may be modified accordingly as part of a scheduled Market Adjustment. (The minimum is established in the Request for Proposal and is not to be less than that determined by Lessor in accordance with MCA 77-1-905. An actual number will be inserted and made part of this lease upon proposal selection.)

Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent (minimum rent) for a given year. The percentage may be modified at any scheduled Market Adjustment, and is not to be below that rate established per § 77-1-905, MCA. During the Reduced Rent Period, the Lease Rate Percentage shall be x percent of the Land Value. After the Reduced Rent Period, and through the end of the Term, the Lease Rate Percentage shall be x percent of the Land Value.

Lease Rate Percentage means the percent of appraised value used to determine the annual rent amount. The initial Base Rent of $45,000 was set by applying a Lease Rate Percentage of 6.7% to the current appraised value of the parcel. Lease Rate Percentage at renewal and market adjustment periods must not be below the minimum rate set in accordance with MCA 77-1-905.

Examples of Lease Rate Percentage in a sentence

• CHAPTER 9 – LEASE FEEThe minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

• The minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

• CHAPTER 8 – LEASE FEEThe minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

• After giving effect to the transfer of Engines on any Transfer Date, the Weighted Average Lease Rate Factor for all Eligible Engines (relating to Existing and Possible Loans) shall not be less than the Weighted Average Lease Rate Percentage.

• CHAPTER 9 – LEASE FEEThe minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the landvalue.

• The amount obtained by multiplying the Land Value by the applicable Lease Rate Percentage and as periodically adjusted by the Adjustment Period Escalator.

• Base Rent is the amount obtained by multiplying the Land Value by the applicable Lease Rate Percentage, increased annually by two percent (2%).

• The proposal shall include an annual rental fee that is greater than or equal to the minimum annual Base Rent as further described in section 8.1.1. A response to this section should include the Lease Rate Percentage expressed to hundredths (e.g. 6.25%), and a fee schedule table similar to the example table provided in section 9.2 that is filled out according to the rental fee the proposer wishes to offer.

• After giving effect to the transfer of Engines on any Transfer Date, the Weighted Average Lease Rate Factor (calculated by reference to all Eligible Engines subject to Lease Agreements relating to Existing and Possible Loans) shall not be less than the Weighted Average Lease Rate Percentage.

More Definitions of Lease Rate Percentage

Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent (minimum rent) for a given year. The percentage may be modified at any scheduled Market Adjustment, and is not to be below that rate established per § 77-1-905, MCA. During the Reduced Rent Period, the Lease Rate Percentage shall be two percent of the Land Value. After the Reduced Rent Period, and through the end of the Term, the Lease Rate Percentage shall be four percent of the Land Value.

Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent for a given year. The Lease Rate Percentage means three percent (3%) of the Land Value unless adjusted at a scheduled Market Adjustment in accordance with § 77-1-905, MCA, as applicable.