Operating Lease Payment definition

Operating Lease Payment means the quarterly lease payment of XXX to SRP for use of the Leased Fiber.
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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.
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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.
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Examples of Operating Lease Payment in a sentence

  • To the extent payable under the terms ------------------------ of the Base Case Financial Model, XXX 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.

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

  • 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.

  • Others find it useful to know why not and what could be done to get credit – and if that does not work they may seek other sources of funding.

  • 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.

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

  • 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 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.

  • At the balance sheet date, the future minimum lease payments under non-cancellable operating leases with terms of more than one year of the Group are as follows: 2007Group 37 Operating Lease Payment Commitments (cont’d) Operating lease payments represent mainly rental payable by the Group for certain of its factory premises.

  • Operating Lease Payment CommitmentsAs the Latest Practicable Date, we have operating lease commitment as follows: US$’000 Within one year 1,231In the second to fifth years inclusive 1,746After five years – 2,977 Our operating lease commitments comprise rent payable by us for the leased properties and equipment as disclosed in the sections entitled “General Information on Our Group – Leased Assets” and “General Information on Our Group – Plant and Equipment” of this Offer Document.

Related to Operating Lease Payment

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the 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 a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

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

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • 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.

  • 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.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

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

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • 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.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

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

  • 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.

  • Leasing Costs means, with respect to a particular Lease, all capital costs, expenses incurred for capital improvements, equipment, painting, decorating, partitioning and other items to satisfy the initial construction obligations of the landlord under such Lease (including any expenses incurred for architectural or engineering services in respect of the foregoing), “tenant allowances” in lieu of or as reimbursements for the foregoing items, payments made for purposes of satisfying or terminating the obligations of the tenant under such Lease to the landlord under another lease (i.e., lease buyout costs), relocation costs, temporary leasing costs, leasing commissions, brokerage commissions, legal, design and other professional fees and costs, in each case, to the extent the landlord is responsible for the payment of such cost or expense under the relevant Lease or any other agreement relating to such Lease.

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

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to: