Operating Lease Payment definition

Operating Lease Payment means the monthly fee charged to the Strata Corporation, a common expense obligation, by EIC to the Strata Corporation for the ongoing lease and supply and use of Geoexchange temperature transference ground exchange systems for the provision of HVAC services in the Strata Corporation and Strata Lot property, including all HVAC services to individual strata lots and common property areas. These fees are those of an Operating Lease.
View Source
Operating Lease Payment means the quarterly lease payment of ▇▇▇ to SRP for use of the Leased Fiber.
View Source
Operating Lease Payment means rent and any other payments made pursuant to any lease of (or other agreement conveying the right to use) real and/or personal property other than a Capitalized Lease.
View Source

Examples of Operating Lease Payment in a sentence

  • The results of the budgeting process and Base Case Financial Model update shall be the basis for calculating the Operating Lease Payment for the coming year.

  • The following formula shall be used at the ------------------------------ end of each of the 16th through the 35th calendar quarters of the Base Case Financial Model to compute Net Operating Income for the purpose of calculating the Operating Lease Payment: Gross Margin Less: Current Direct Operating Costs ------------------------------ Equals: Subtotal Net Operating Income, if positive or (Unreimbursed Direct Operating Expenses), if negative.

  • However, as consideration for ELI's use of the SRP Network, ▇▇▇ shall pay to SRP an Operating Lease Payment in accordance with the terms and assumptions set forth in the Base Case Financial Model.

  • The Operating Lease Payment is -------------------------- calculated by multiplying the Net Operating Income by the Operating Lease Percentage.

  • To the extent payable under the terms ------------------------ of the Base Case Financial Model, ▇▇▇ shall make Operating Lease Payments to SRP consistent with the following: (a) Operating Lease Payments shall be due and payable thirty (30) days after the end of each calendar quarter; (b) an Operating Lease Payment shall not be considered late if paid within fifteen (15) days after it is due; and (c) each late payment will bear interest at the rate of 12% per annum until paid.

  • Services shall be paid on a monthly basis and shall be in addition to any quarterly Operating Lease Payment payable by ▇▇▇ to SRP.

  • The Operating Lease Payment amount, if any, shall be recalculated each year throughout the Term as part of the annual budgeting process described in Section 5.3.

  • For any given quarter during the Term, ----------------------- including the period between the effective date of this Agreement and December 31, 1996, the amount of the Operating Lease Payment, if any, shall be the Operating Lease Percentage multiplied by Net Operating Income for the quarter, plus or minus any adjustments required by Section 5.6(b).

  • The Base Case Financial Model ------------------------- provides a method to calculate the Operating Lease Payment in an amount that [*].

  • The Base Case Financial Model ------------------------- provides a method to calculate the Operating Lease Payment in an amount that provides an equal internal rate of return to ▇▇▇ Capital and SRP Capital, less Residual Value, over the Term.

Related to Operating Lease 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.

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

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Operating Lease Expense means the sum of all payments and expenses incurred by Lessee and the other Lessee Entities, collectively, under any operating leases during the period of determination, as determined in accordance with GAAP.