Monthly Finance Rent definition

Monthly Finance Rent is defined in paragraph 6 of Annex B to the Master Lease.
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Monthly Finance Rent with respect to each Due Date and each Financed Vehicle leased under the Lease on any day during the Related Month, shall equal the sum, without double counting, of (a) the product of (i) an amount equal to the Net Book Value of such Financed Vehicle on the first day contained within both the Related Month and the Vehicle Term with respect to such Vehicle multiplied by the VFR for the Interest Period ending on the next succeeding Payment date and (ii) the quotient obtained by dividing (A) the number of days contained within both the Related Month and the Vehicle Term with respect to such Financed Vehicle by (B) the total number of days in the Related Month, plus (b) the product of (i) an amount equal to all Carrying Charges for the Related Month, and (ii) the quotient obtained by dividing the Net Book Value of such Financed Vehicle as of the first day of the Related Month by the Net Book Value of all Vehicles leased under the Lease as of the first day of the Related Month.
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Monthly Finance Rent with respect to each Payment Date and each Group IV Financed Vehicle leased under the Group IV Financing Lease on any day during the Related Month, shall equal the product of (a) an amount equal to the sum, without double counting, of (i) the interest accruing on all Group IV Notes during the applicable interest period relating to such Payment Date PLUS (ii) all Group IV Carrying Charges for the Related Month, and (b) the quotient obtained by dividing the Group IV Net Book Value as of the last day of the Related Month (or, if earlier, the Disposition Date) of such Group IV Financed Vehicle by the Group IV Net Book Value as of the last day of the Related Month (or, if earlier, the Disposition Date) of all Group IV Vehicles leased under the Group IV Lease on any day during the Related Month; PROVIDED, HOWEVER, that if an Event of Bankruptcy with respect to any Group IV Lessee or the Guarantor has occurred during or prior to the Related Month, Monthly Finance Rent, with respect to each Payment Date and each Group IV Financed Vehicle leased under the Group IV Financing Lease on any day during the Related Month, shall equal the sum of (I) the product of (a) the aggregate amount of interest accruing during the applicable interest period relating to such Payment Date with respect to all Group IV Notes that is allocated to the Group IV Financed Vehicles (as specified in the Monthly Noteholder's Statement with respect to each Series of Group IV Notes delivered with respect to the related Determination Date and the Supplementary Monthly Noteholder's Statement with respect to each Series of Group IV Notes, if any, delivered with respect to the related Payment Date), and (b) the quotient obtained by dividing the Group IV Net Book Value as of the last day of the Related Month (or, if earlier, the Disposition Date) of such Group IV Financed Vehicle by the Group IV Net Book Value as of the last day of the Related Month (or, if earlier, the Disposition Date) of all Group IV Financed Vehicles leased under the Group IV Financing Lease on any day during the Related Month, PLUS (II) the product of (a) the sum of all Group IV Carrying Charges for the Related Month and (b) the quotient obtained by dividing the Group IV Net Book Value as of the last day of the Related Month (or, if earlier, the Disposition Date) of such Group IV Financed Vehicle by the Group IV Net Book Value as of the last day of the Related Month (or, if earlier, the Disposition Date) of all Group IV Vehicles ...
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Examples of Monthly Finance Rent in a sentence

  • Rent and other charges paid in respect of any Vehicles and any Due Date shall first be allocated to the payment of Monthly Variable Rent or Monthly Finance Rent, due for such Vehicles, as applicable, then to the Availability Payment due for such Vehicles and then to the payment of the remaining Rent obligations and other charges due for such Vehicles.

  • If any payment of Rent (or other Liability) falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day and Monthly Finance Rent and Monthly Variable Rent (as the case may be) shall accrue through such Business Day.


More Definitions of Monthly Finance Rent

Monthly Finance Rent has the meaning set forth in Section 6 of Annex B to the Group V Lease.
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Monthly Finance Rent is defined in Section 6 of Annex B of the Group I Lease.
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Monthly Finance Rent with respect to each Due Date and each Group III Vehicle subject to this Agreement shall equal the sum of (a) an amount equal to the Net Book Value of such Group III Vehicle, with respect to each Group III Repurchase Vehicle, or the Non-Repurchase Vehicle Value of such Group III Vehicle, with respect to each Group III Non-Repurchase Vehicle, during the Related Month multiplied by the VFR for a one year interest period, multiplied by a fraction, the numerator of which shall be 30 and the denominator of which shall be 360 and (b) the product of (i) an amount equal to (x) the sum of all Carrying Charges for each Group III Series of Notes for the Related Month less (y) any accrued earnings on Permitted Investments in the Group III Collection Account which are accrued through the last Business Day of the Related Month and maturing by the next Distribution Date and (ii) a fraction, the numerator of which is the Net Book Value of such Group III Vehicle, with respect to each Group III Repurchase Vehicle, or the Group III Non-Repurchase Vehicle Value of such Group III Vehicle, with respect to each Group III Non-Repurchase Vehicle, and the denominator of which is the sum of the Net Book Values and Non-Repurchase Vehicle Values of all Group III Vehicles. In the event the Vehicle Lease Commencement Date occurs with respect to such Group III Vehicle on a day other than the last day of a Related Month, the Monthly Finance Rent for such Group III Vehicle shall be equal to the product of (a) the Monthly Finance Rent otherwise payable with respect to such Group III Vehicle, multiplied by (b) a fraction the numerator of which is 12 and the denominator of which is 360, multiplied by (c) the number of days in such Related Month from, after and including such Vehicle Lease Commencement Date through and including the last day of such Related Month. In the event the Vehicle Lease Expiration Date occurs with respect to such Group III Vehicle on a day other than the last day of the Related Month, the Monthly Finance Rent for such Group III Vehicle shall be equal to the product of (a) the Monthly Finance Rent otherwise payable with respect to such Group III Vehicle for the Related Month, multiplied by (b) a fraction the numerator of which is 12 and the denominator of which is 360, multiplied by (c) the number of days in such Related Month from, after and including the first day of such Related Month through and including the Vehicle Lease Expiration Date. Annex B -2- 69
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Monthly Finance Rent has the meaning specified in Section 6 of Annex B of the Series 1997 Lease.
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Related to Monthly Finance Rent

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • 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.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • 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).

  • 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.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

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

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Base Rent As defined in Section 3.1.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

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

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • 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.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.