Maximum Residual Guarantee Amount definition

Maximum Residual Guarantee Amount means an amount equal to the product of the aggregate Property Cost for all of Properties times eighty-five percent (85%).

Maximum Residual Guarantee Amount means (a) from the Initial Closing Date to and including December 31, 2018, an amount equal to the product of the GAAP Project Cost for the Property times eighty-seven percent (87.0%) and (b) from and including January 1, 2019 and thereafter, an amount as reasonably determined by the Majority Secured Parties and the Lessee in accordance with Accounting Standards Codification No. 842.

Maximum Residual Guarantee Amount means an amount equal to the product of the aggregate Adjusted Property Cost for all Properties times eighty-five percent (85%) less the sum of accreted value of prepaid rent payments made by Lessee regarding a Construction Period Property in accordance with Section 3.3 of the Agency Agreement and Section 3.6 of the Lease.

Examples of Maximum Residual Guarantee Amount in a sentence

• During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement.

• During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Sale Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement.

• If one or more of the Properties are retained by Lessor pursuant to an affirmative election made by Lessor pursuant to the provisions of Section 22.1(a), then Lessee hereby unconditionally promises to pay to Lessor on the Sale Date all Rent and all other amounts then due and owing pursuant to the Operative Agreements and an amount equal to the Maximum Residual Guarantee Amount for the Properties so retained.

• During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Property (including the installment of Basic Rent due on the Maturity Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, the Maximum Residual Guarantee Amount, if any, the amount due under Section 21.3, if any, and all other amounts due to Lessor with respect to the Property.

• If one or more of the Properties are retained by Lessor pursuant to an affirmative election made by Lessor pursuant to the provisions of Section 22.1(a), then Lessee hereby unconditionally promises to pay to Lessor on the Sale Date an amount equal to the Maximum Residual Guarantee Amount for the Properties so retained.

More Definitions of Maximum Residual Guarantee Amount

Maximum Residual Guarantee Amount means (i) with respect to each Property which is not a Twenty Five Percent Property, an amount equal to the maximum amount of the Tranche A/B Property Cost in respect of such Property which may be paid pursuant to Section 21.1(c) of the Lease and allocated to Tranche A Loans without causing the Lease for such Property to be treated as a Capital Lease for the purposes of Statement of Financial Accounting Standards (SFAS) No. 13, as determined in good faith by the Lessee, and certified to the Administrative Agent in accordance with Section 1.2(b) of the Participation Agreement; provided that in no event shall such amount be less than 85% of the Property Cost in respect of such Property; and (ii) with respect to each Twenty Five Percent Property, 100% of the Property Cost of such Property minus the sum of (a) the aggregate amount of prepayments of the Loans allocated to reduce the Tranche A/B Property Cost pursuant to Section 2.5 of the Credit Agreement and (b) the aggregate amount of prepayments of the Investor Contributions allocated to reduce the Investor Property Cost pursuant to Section 3.5 of the Trust Agreement.

Maximum Residual Guarantee Amount means, at any date of determination, an amount equal to the sum of all amounts due and owing to the Tranche A Note Purchasers under the Note Purchase Agreement, the Tranche A Notes and under any other Operative Agreement.

Maximum Residual Guarantee Amount means an amount equal to the product of the GAAP Project Cost times eighty-seven and one half percent (87.5%).

Maximum Residual Guarantee Amount means an amount equal to the product of the principal amount of the Project Loan allocated to a Property times the applicable Modified Tranche A Percentage or Percentages for such Property.

Maximum Residual Guarantee Amount with respect to any Properties, shall mean an amount equal to the sum of (a) eighty-seven percent (87%) of the aggregate Property Cost for all of such Properties plus (b) one hundred percent (100%) of all Rent and other amounts then due and owing by the Lessee or the Construction Agent under the Lease and the other Operative Agreements.

Maximum Residual Guarantee Amount means (i) with respect to the Property constituting the Land, an amount equal to the Land Cost and (ii) with respect to the Property constituting the Improvements on the Land, the product of the aggregate Property Cost for all of the Properties (exclusive of the Land Cost) times eighty-four percent (84%), in each case as set forth in the applicable Lease Supplement.

Maximum Residual Guarantee Amount means an amount equal to $47,000,00.00.