Rent Payment Period definition

Rent Payment Period with respect to the Facility Lease, shall mean (i) in the case of the first Rent Payment Period the period commencing on the Closing Date and ending on January 18, 2002 (ii) in the case of the second Rent Payment Period, the period commencing on January 19, 2002 and ending on May 30, 2002 and (iii) in all cases thereafter (except for the last Rent Payment Period which period shall commence on May 31, 2031 and end on, and include, October 18, 2031, each six-month period commencing on each Rent Payment Date through and including the following May 30 or November 30 as the case may be.

Rent Payment Period means each period beginning on the day after a Basic Rent Payment Date through and including the day of the immediately succeeding Basic Rent Payment Date, except that the first Rent Payment Period shall begin on the Commencement Date.

Rent Payment Period means, as to each Site, the taxable period set forth in Exhibit C.

Examples of Rent Payment Period in a sentence

• If it shall be determined as a result of such audit that the applicable Variable Rent Statement did not understate the per annum Variable Rent payable during any Variable Rent Payment Period by more than two and one-half percent (2.5%), then Landlord shall pay to Tenant all reasonable, out-of-pocket costs and expenses incurred by Tenant in making such determination, including the cost of the audit.

• If there shall be a Lessor Section 467 Loan Balance, the Owner Lessor shall deduct interest expense and the Facility Lessee shall accrue interest income, in each case, in an amount equal to the amount set forth under the caption "Lessor Section 467 Interest" for the applicable Rent Payment Period on SCHEDULE 1-3 hereto (the "LESSOR SECTION 467 INTEREST").

• Such positive amount represents a loan to the applicable AT&T Lessor and such AT&T Lessor shall deduct interest expense and Tower Operator shall accrue interest income, in each case, in an amount equal to that set forth in Exhibit D under the caption “Section 467 Interest” for the applicable Rent Payment Period.

• If there shall be a Lessee Section 467 Loan Balance, the Owner Lessor shall accrue interest income and the Facility Lessee shall deduct interest expense, in each case, in an amount equal to the amount set forth for the applicable Rent Payment Period on SCHEDULE 1-3 hereto (the "LESSEE SECTION 467 INTEREST").

• Such positive amount represents a loan to the applicable T-Mobile Lessor and such T-Mobile Lessor shall deduct interest expense and Tower Operator shall accrue interest income, in each case, in an amount equal to that set forth in Exhibit D under the caption “Section 467 Interest” for the applicable Rent Payment Period.

More Definitions of Rent Payment Period

Rent Payment Period means in the case of the first Rent Payment Period the period commencing on the Closing Date and ending on October 2, 2000, followed by the Rent Payment Period commencing on October 2, 2000 and ending January 2, 2001 and thereafter, each six-month period (i) commencing, on each Rent Payment Date through and including the Expiration Date, and (ii) ending on but excluding the following January 2 or July 2, as the case may be; provided that the last Rent Payment Period shall end on, and include, the expiration date of the Facility Lease Term.

Rent Payment Period means, as to each Site, the taxable period set forth in Exhibit A.

Rent Payment Period means each of the periods set forth on Schedule 1-2 to the Facility Lease.

Rent Payment Period means each period identified under the column heading "Rent Payment Period" on Schedule 2-A of the Facility Lease.

Rent Payment Period shall have the meaning given such term in Annex E to the Schedule.

Rent Payment Period shall have the meaning set forth on Schedule 1-B to the Facility Lease.

Rent Payment Period means the period from and including the date on which Lessee executes the Certificate of Acceptance with respect to the Equipment described on this Schedule, to but excluding the twenty-ninth day of the next calendar month thereafter, and the period from and including the twenty-ninth day of each successive calendar month thereafter to but excluding the twenty-ninth day of the next succeeding calendar month thereafter (provided, however, that the final Rent Payment Period shall commence on (and include) the last day of the Rent Payment Period immediately preceding the final Rent Payment Period and end on (but exclude) the final Rent Payment Date). As used herein "Principal Component" as to any Rent Payment Date shall mean the amount specified on Exhibit No. 2 to this Annex E. As used herein, "Interest Component" as to any Rent Payment Date shall mean the sum, for each day in the related Rent Payment Period (to the extent the advance outstanding is funded by Commercial Paper) or the related Payment Period (to the extent the Advance Outstanding is not funded by Commercial Paper), of the product of the Daily Borrowing Rate (determined pursuant to Exhibit No. 1 to this Annex E) for such day, times the Lease Balance as of the immediately preceding Rent Payment Date. LEASE BALANCE, MAXIMUM LESSEE RISK AMOUNT AND MAXIMUM LESSOR RISK AMOUNT: The ------------------------------------------------------------------------ Lease Balance, Maximum Lessee Risk Amount and Maximum Lessor Risk Amount with respect to the Equipment described on this Schedule are as follows: Maximum Maximum End of Month Lease Balance Lessee Risk Amount Lessor Risk Amount ------------ ------------- ------------------ ------------------