Rent Differential Amount definition

Rent Differential Amount is defined in Section 3.3.
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Rent Differential Amount means, as of any Rent Payment Date, the absolute value of the difference between (i) the aggregate amount of interest due and payable on such Rent Payment Date on the Certificates (or due and payable on the next following or next preceding Business Day, as the case may be, if such date shall not constitute a Business Day) and (ii) the Assumed Interest Amount with respect to such Rent Payment Date. If, as of such Rent Payment Date, the amount determined in accordance with clause (i) of the immediately preceding sentence shall be greater than the amount determined in accordance with clause (ii) of such sentence, the amount of Interim Rent or Basic Rent payable on such Rent Payment Date shall be increased by the Rent Differential Amount. If, as of such Rent Payment Date, the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Interim Rent or Basic Rent due on such Rent Payment Date shall be decreased (but not below zero) by the Rent Differential Amount.
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Rent Differential Amount means, as of any Lease Period Date, the absolute value of the difference between (i) the aggregate amount of interest actually due and payable on such Lease Period Date on each Series of Equipment Notes (or due and payable on the next following Business Day if such date shall not constitute a Business Day) and (ii) the Assumed Interest Amount for such Lease Period Date. If, as
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Examples of Rent Differential Amount in a sentence

  • In addition, the above amounts do not include the Rent Differential Amount, which is calculated and payable in accordance with Section 4 and Schedule “1” of this Second Amendment.

  • In calculating the present value of the Rent Differential Amount, a seven and one-half (7.5%) discount rate shall be utilized.

  • The Management Fee payable under the Lease as part of Tenant’s Operating Expenses shall be calculated based only upon the Monthly Rent payable by Tenant excluding any Clause (b) Rent or the Rent Differential Amount (except that the Management Fee shall be part of the calculation in determining the Rent Differential Amount) or any other sums paid by Tenant in connection with the termination of the Lease as to the Front Building.

  • Accordingly, Interim Rent and Basic Rent shall be increased or decreased (but not below zero), as the case may be, by the Rent Differential Amount (as defined herein).

  • Notwithstanding anything contained herein to the contrary, B▇▇▇▇▇▇▇ agrees to execute any further updated replacement of this Note within 5 business days of L▇▇▇▇▇’s request for same to evidence the correct amount due and owing taking into account the Past Due Lease Amounts, Rent Differential Amount, Critical Expenses Advances, and amounts due under Section 2.3(iv) of the Transition Agreement.

  • Thereafter, T▇▇▇▇▇ further agrees to execute any further updated replacement of the Promissory Note within 5 business days of Landlord’s request for same to evidence the correct amount due and owing taking into account the Past Due Lease Amounts, Rent Differential Amount, Critical Expenses Advances, and amounts due under Section 2.3(iv).

  • Notwithstanding anything above to the contrary, Tenant shall have the right, upon at least thirty (30) days prior written notice to Landlord, to prepay the then entire Rent Differential Amount to Landlord at any time after the August 1, 2011, with the prepayment amounts set forth in Schedule “1” attached hereto.

  • The outstanding balance of the Rent Differential Amount shall bear interest at the rate of seven and one-half percent (7.5%) per annum commencing as of August 1, 2011.


More Definitions of Rent Differential Amount

Rent Differential Amount means Three Hundred Sixteen Thousand Three Hundred Ten and 50/100 Dollars ($316,310.50).
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Rent Differential Amount means, as of any Lease Period Date, the absolute value of the difference between (i) the aggregate amount of interest actually due and payable on such Lease Period Date on the Certificates (or due and payable on the next following Business Day if such date shall not constitute a Business Day (unless, so long as the Original Loan Participant shall hold a Certificate, such succeeding Business Day is in the next calendar month, in which case the payment date shall be the next preceding Business Day)) and (ii) the aggregate amount of interest on the Certificates that would have been due and payable on such date if the Certificates had borne interest at the Assumed Interest Rate. If, as of such date, the amount determined in accordance with clause (i) of the immediately preceding sentence shall be greater than the amount determined in accordance with clause (ii) of such sentence, the amount of Basic Rent payable on such date shall be increased by the Rent Differential Amount. If, as of such date, the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Basic Rent due on such date shall be decreased (but not below zero) by the Rent Differential Amount.
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