Primary Term Commencement Date definition

Primary Term Commencement Date as set forth in the Rental Schedule.

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Primary Term Commencement Date means the date of this Lease.

Primary Term Commencement Date means the date on which the indebtedness secured by the Mortgage is distributed. ---------------------------- (1) An amount calculated as follows: (a) Multiplying the sum of (i) the original principal amount of indebtedness secured by the Mortgage and (ii) the amount paid by Lessor pursuant to Paragraph 4.2 (as limited by Paragraph 4.4) of the Agreement for Lease and Development by .000129. (b) Add to the product obtained in clause (a) above the annual Basic Rent payable under the Ground Lease. (c) Divide the sum obtained in clause (b) above by 12. (2) An amount calculated as follows: (a) Multiply the sum of (i) the original principal amount of indebtedness secured by the Mortgage and (ii) the amount paid by Lessor pursuant to Paragraph 4. 2 (as limited by Paragraph 4. 4) of the Agreement of Lease and Development by the sum of (x) the debt constant of the indebtedness secured by the Mortgage (that is, 0.0928016724) multiplied by 0.958 and (y) .0015. (b) Add to the product obtained in clause (a) above the annual basic Rent payable under the Ground Lease. (c) Subtract from the sum obtained in clause (b) above an amount equal to .1224 multiplied by the product of l.085 times one-half of the available Investment Tax Credit. (d) Divide the difference obtained in clause (c) by 12. (3) An amount calculated as follows: (a) Multiply the sum of (i) the original principal amount of indebtedness secured by the Mortgage and (ii) the amount paid by Lessor pursuant to Paragraph 4.2 (as limited by Paragraph 4.4) of the Agreement of Lease and Development by the sum of (x) the debt constant of the indebtedness secured by tie Mortgage (that is, 0.0928016724) multiplied by 0.958 and (y) .0015. (b) Add to the product obtained in clause (a) above the annual Basic Rent payable under the Ground Lease. (c) Divide the sum obtained in clause (b) above by 12. SCHEDULE C

Examples of Primary Term Commencement Date in a sentence

The Primary Term Commencement Date of this Rental Schedule is May1, 2015.
The Primary Term Commencement Date of this Rental Schedule is January 1, 2016.
The Interim Term shall commence on the date of acceptance of such Equipment as evidenced by Lessee's Indemnification and Installation Certificate as provided in Section 9 hereof and shall expire at midnight on the date that is one calendar day prior to the Primary Term Commencement Date.
The Primary Term Commencement Date of this Rental Schedule is _________.
Each Interim Term shall commence on the date of acceptance of such Set of Equipment as evidenced by Lessee's execution and delivery of a Lease Supplement and shall expire at midnight on the date that is one calendar day prior to the related Primary Term Commencement Date.
The Interim Term shall commence on August 1, 1977 and end at midnight on the day which immediately precedes the Primary Term Commencement Date, as hereafter defined, unless earlier terminated pursuant to the provisions of this Lease.
The Primary Term Commencement Date of this Rental Schedule is , 201 .
Such fixed rent shall be payable in equal quarterly installments in advance on the first day of each quarter beginning on the Primary Term Commencement Date.
In the event there is an Interim Term, any payment relating to that period shall be made on the first day of the Primary Term Commencement Date.
Each Primary Term shall commence at 12:01 a.m. and expire at midnight on the dates set forth in the related Lease Supplement as the "Primary Term Commencement Date" and the "Primary Term Expiration Date," respectively.

More Definitions of Primary Term Commencement Date

Primary Term Commencement Date shall be determined in accordance with paragraph I of this Schedule B.

Primary Term Commencement Date as set forth on the cover page to the Lease.

Primary Term Commencement Date for each Set of Equipment, as set forth in the related Lease Supplement.