Net Present Value of Rents definition

Net Present Value of Rents means the net present value, as of the Delivery Date, of Basic Rent set forth in Exhibit B hereto, discounted at an annual interest rate of [___] percent on a semi-annual basis.

Net Present Value of Rents means the present value, as of the date of determination, discounted at 10% per annum, compounded semiannually to the date of determination, of all unpaid Basic Rent payments during the then-remaining portion of the Base Lease Term, expressed as a percentage of Lessor's Cost.

Net Present Value of Rents shall have the meaning ascribed to such term in the Lease.

Examples of Net Present Value of Rents in a sentence

• The Lessee will pay the reasonable costs and expenses of the verification process under this Section 3.04 unless as a result of such verification process by the independent public accountants Basic Rent is adjusted and such adjustment causes the Net Present Value of Rents, to decline by 10 or more basis points (in which event the Owner Participant shall pay the reasonable costs and expenses of such verification process).

• Each such adjustment pursuant to clause (i), (ii), (iv) or (v) of the first sentence of this Section 3.04 shall maintain the Owner's Economic Return (and, while maintaining such Owner's Economic Return, minimize the aggregate Net Present Value of Rents to the Lessee).

• The Lessee will pay the reasonable costs and expenses of the verification process under this Section 3.04 unless as a result of such verification process by the independent public accountants Basic Rent is adjusted and such adjustment causes the Net Present Value of Rents to decline by 10 or more basis points (in which event the Owner Participant shall pay the reasonable costs and expenses of such verification process).

• Notwithstanding anything herein to the contrary, the Lessee shall have no obligation to enter into the transaction contemplated by this Agreement other than with respect to Transaction Costs as described in Section 2.03 below and its obligation to purchase the Aircraft as provided in Section 3.05(a) hereof if, as a result of a Change in Tax Law after the date of execution of this Agreement but on or prior to the Delivery Date, the Net Present Value of Rents is increased by 100 basis points or more.

• The Lessee will pay the reasonable costs and expenses of the verification process by the independent public accountants under this Section 3.04 unless as a result of such verification process by the independent public accountants Basic Rent is adjusted and such adjustment causes the Net Present Value of Rents to decline by 10 or more basis points (in which event the Owner Participant shall pay the reasonable costs and expenses of such verification process by the independent public accountants).

More Definitions of Net Present Value of Rents

Net Present Value of Rents means, as of any date of determination, the net present value, as of the Delivery Date, of each of (i) all unpaid Interim Rent and Basic Rent through the end of the Term and (ii) for any date of determination prior to the Special Purchase Option Date, all unpaid Interim Rent and Basic Rent through the Special Purchase Option Date plus the Special Purchase Price, in each case utilizing a semi-annual discount rate that, on an annual basis, is equal to 8.60%.

Net Present Value of Rents means the net present value, as of April 11, 2003, of Basic Rent set forth on EXHIBIT B-1 to the Lease for all Rent Payment Dates on and after April 11, 2003 discounted at a rate per Lease Period equal to (a) 8.6% divided by (b) the number of Lease Periods per year.

Net Present Value of Rents the present value, as of the date of determination, discounted at 10% per annum, compounded quarterly to the date of determination, of all unpaid Basic Rent payments during the then-remaining portion of the Base Term, expressed as a percentage of Lessor's Cost. NET WORTH for any Person: the excess of its total assets over its total liabilities. NON-U.S. PERSON: any Person, other than a United States person as defined in Codess. 7701(a)(30). OFFICER'S CERTIFICATE of any party to the Participation Agreement: a certificate signed by the Chairman, the President, any Vice President (including those with varying ranks such as Executive, Senior, Assistant, or Staff Vice President), the Treasurer, or the Secretary of such party.

Net Present Value of Rents means the net present value, as of the date of calculation, of Basic Rent, discounted at the Discount Rate.

Net Present Value of Rents the present value, as of the date of determination, discounted at 10% per annum, compounded semiannually to the date of determination, of all unpaid Basic Rent payments during the then-remaining portion of the Base Term, expressed as a percentage of Lessor's Cost.

Net Present Value of Rents is defined in Schedule 1 to the Lease.

Net Present Value of Rents as of any date means the net present cost -------------------------- to Lessee, discounted at [9.054%] per annum (computed on the basis of a 360-day year composed of twelve 30-day months and assuming that Basic Rent due on a day which is not a Business Day is payable on the next succeeding Business Day (without further accrual of interest)) compounded semi- annually to such date, and expressed as a percentage of Lessor's Cost of all unpaid Basic Rent payments during the Basic Term, as set forth in Exhibit C, as amended from time to time.