Lessee Payment definition

Lessee Payment means certain monetary compensation, in an amount set forth in
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Lessee Payment has the meaning as stated in Clause 12.4.2(a).
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Lessee Payment means the annual fixed payment to be made by an Improvements Lessee under a Land and Improvements Lease, which shall be determined as follows:
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Examples of Lessee Payment in a sentence

  • If Lessee provides Lessor with a Letter of Credit in accordance with the terms of Clause6.4 ( Provision of Letter of Credit), then on receipt of such Letter of Credit Lessor shall return any cash Security Deposit paid by Lessee to Lessor pursuant to Clause 6.1 (Lessee Payment) less any amounts Lessor has deducted from the Security Deposit as permitted under this Agreement to Lessee no later than [REDACTED] ([REDACTED]) Business Days after receipt of the Letter of Credit.

  • Following the occurrence of a Lessee Payment Default Rapid Am Event or acceleration following an Event of Default, the Interest Reserve Letters of Credit shall be drawn in full in connection with the Final Drawing, as described below, and the drawn amounts shall be deposited into the Class A Notes Interest Reserve Account and applied to the applicable LC Provider Account and the Interest Reserve Letters of Credit shall be returned to the applicable LC Provider.

  • No delay or omission of the Trustee, the Control Party, the Controlling Class Representative, any Noteholder or any other Secured Party to exercise any right or remedy accruing upon any Potential Rapid Amortization Event, Rapid Amortization Event, Lessee Payment Default Rapid Am Event, Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default or an acquiescence therein.

  • If Lessee provides Lessor with a Letter of Credit in accordance with the terms of Clause 6.4 ( Provision of Letter of Credit), then on receipt of such Letter of CreditLessor shall return any cash Security Deposit paid by Lessee to Lessor pursuant to Clause 6.1 (Lessee Payment) to Lessee no later than [REDACTED] Business Days after receipt of the Letter of Credit.

  • All distributions to Noteholders of all Series of Notes having the same alphabetical designation shall be pari passu with each other with respect to the distribution of Collateral proceeds resulting from exercise of remedies upon an Event of Default or a Lessee Payment Default Rapid Am Event.

  • For so long as no Lessee Payment Default Rapid Am Event or acceleration of the Class A Note following an Event of Default has occurred, subject to the Interest Reserve Funding Priority, the Interest Reserve Letters of Credit shall be drawn pro rata to fund any Class A Notes Accrued Quarterly Interest Shortfall in respect of the Class A Notes, which drawn amounts shall be deposited into the Class A Notes Interest Reserve Account and applied to the applicable LC Provider Account.

  • Notwithstanding anything herein to the contrary, none of the Securitization Entities nor any of their respective Affiliates will be permitted to make any cash (or other) contribution, or any payment on the Spectrum Lease to the Lessors for distribution, to the Issuers in order to cure or prevent an Event of Default resulting from the failure to pay interest on any Series of Notes if a Lessee Payment Default Rapid Am Event has occurred.

  • See #20 below for how to contact the Claims Administrator for this purpose.If the Claims Administrator believes that there was an error in either the determination of your entitlement to a 3L Gen 2 Lessee Payment, 2L Seller Payment or 3L Seller Payment, or the location where your payment was sent, the Claims Administrator will make or reissue the payment, as the case may be, within two weeks.

  • As disclosed in Board Letter, the Group may provide guarantee to secure the Lessee Payment Obligations of Lessees in favour of TCL Holdings Group under the Master Finance Lease (2022-2024) Agreement, which is expected to enhance the attractiveness and competitiveness of the Group’s PV business by providing an incentive to potential clients toinstall PV power facilities with nil or nominal capital investment.

  • Certain Rights of the Control Party and the Trustee upon Event of Default and Lessee Payment Default Rapid Am Event .

Related to Lessee Payment

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Service Payment has the meaning given to it in clause 9.1;

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Delta Payment means as it is described in this Agreement.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • 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.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • 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.

  • Individual Charges means those charges incurred by individual Attendees including, but not limited to, restaurant charges other than the allowable group meals specified herein, any charge for alcoholic beverages, telephone expenses, sleeping room rental deposits, upgrades, Cancellation Fee and/or other applicable service or cancellation charges incurred by an Attendee, and associated taxes, surcharges, and/or other incidentals.

  • Additional Charges As defined in Section 3.3.

  • Management Fee has the meaning given in Section 4.1.

  • Basic Rent means Basic Rent as defined in Paragraph 6.