Residual Value Guarantee Amount definition

Residual Value Guarantee Amount means an amount equal to the Tranche A Proportionate Share of the Lease Balance.

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Residual Value Guarantee Amount means (i) during the Construction Period, an amount equal to 89.9 percent of the Lease Balance, and (ii) at all other times, an amount equal to the aggregate Tranche A Participation Interest Balances of the Participants holding Tranche A Participation Interests.

Residual Value Guarantee Amount means, with respect to any Lease Supplement as of any date of determination, an amount equal to the percentage, as specified in Schedule B to the Lease in respect of the Base Term or Renewal Term then in effect, with respect to such Lease Supplement of the applicable Lease Supplement Balance as of the first day of the Base Term or Renewal Term then in effect with respect to such Lease Supplement, less Fixed Rent and Casualty Amounts applied to the Tranche A Participant Balance paid by Lessee in respect thereof or any other amount paid in reduction of the applicable Lease Supplement Balance and applied to the Tranche A Participant Balance during the Base Term or Renewal Term then in effect, but in no event less than the aggregate outstanding Participation Interests of the Tranche A Participants in respect of such Lease Supplement on the applicable Expiration Date.

Examples of Residual Value Guarantee Amount in a sentence

The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.
The Lessee acknowledges and agrees that its obligations to ---------------- make indemnity payments under this Section 13 are separate from, in addition to, ---------- and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 ------------ hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.
During the Marketing Period, the obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Closing Date or at the end of the Renewal Term, as the case may be) shall continue undiminished until payment in full to the Agent of the Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.
During the Marketing Period, the obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the third anniversary of the Closing Date or at the end of a Renewal Term, or on the Expiration Date, as the case may be) shall continue undiminished until payment in full to the Agent of the Gross Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.
During the Marketing Period, the ---------------------------- obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Effective Date or at the end of a Renewal Term, or on the Expiration Date, as the case may be) shall continue undiminished until payment in full to the Agent of the Gross Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.
Indemnity Payments in Addition to Residual Value Guarantee Amount .
During the Marketing Period, the obligation of the Lessee to pay Rent (including the installment of Basic Rent due on the fifth anniversary of the Closing Date or at the end of the Renewal Term, or on the Expiration Date, as the case may be) shall continue undiminished until payment in full to the Indenture Trustee of the Gross Proceeds, the Residual Value Guarantee Amount, and all other amounts due to the Lessor with respect to the Property under the Operative Documents.
The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay, the Residual Value Guarantee Amount under the Lease; provided, that in the event the Lessee elects the Remarketing Option, the Lessee shall only be required to pay any Shortfall Amount to the extent set forth in Section 13.2 hereof.
During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Equipment (including the installment of Basic Rent due on the expiration date of the Basic Term or Renewal Term, as the case may be) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Residual Value Guarantee Amount, the amount due under Section 23.3, if any, and all other amounts due to Lessor with respect to such Equipment.
Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

More Definitions of Residual Value Guarantee Amount

Residual Value Guarantee Amount means as of the Maturity Date the amount set forth on Annex B to the applicable Lease Supplement.

Residual Value Guarantee Amount means, as of any date of determination, an amount equal to the aggregate Tranche A Proportionate Share of the Lease Balance; provided, however, that if (i) a Cost Overrun Event has occurred and the Lessee has itself funded (without reimbursement from Advances) any additional Property Improvement Costs or Transaction Expenses of constructing the Improvements caused by such Cost Overrun Event or (ii) any amount has been capitalized pursuant to clause (ii) of Section 3.9(f) of the Participation Agreement, then the Residual Value Guaranty Amount shall be an amount equal to the remainder of (A) the total Tranche A Proportionate Share of the total Project Costs of the Improvements minus (B) the aggregate amount of any such overrun costs and expenses so funded by the Lessee (and not reimbursed from Advances).

Residual Value Guarantee Amount means an amount equal to 88.00% of the aggregate Advances Funded by the Participants less any Loan to Value Optional Prepayments or Base Term Commencement Date Rent Prepayment Amount made, but in no event less than the aggregate outstanding Certificate Amounts of the Tranche A Participants on the Expiration Date provided however, that (i) if a Construction Agency Event of Default has occurred and Lessee has paid Prepaid Rent, or (ii) if any amount has been capitalized pursuant to clause (ii) of Section3.5 of the Participation Agreement, then the Residual Value Guarantee Amount shall be recomputed such that (a) Lessee is not deemed under GAAP to be the owner of the Premises prior to Completion, and (b) from Lessee's perspective the Lease qualifies as an operating lease in accordance with GAAP in effect on the date of the Participation Agreement.

Residual Value Guarantee Amount means an amount equal to 88% of the aggregate Certificate Amounts of the Participants as of the Eighth Amendment Effective Date less any Loan to Value Optional Prepayments or Base Term Commencement Date Rent Prepayment Amount made, but in no event less than the aggregate outstanding Certificate Amounts of the Tranche A Participants on the Expiration Date.

Residual Value Guarantee Amount means the sum of the Existing Facility and Tenant Improvements Residual Value Guarantee Amount PLUS the Expansion Improvements Residual Value Guarantee Amount.

Residual Value Guarantee Amount means, as of any date of determination, ------------------------------- (A) prior to the Basic Term Commencement Date, an amount equal to the sum of (i) land acquisition costs for the Property of $298,976,106.21, as derived from the Settlement Statement, plus (ii) 89.9% of all other properly capitalized Project Costs as of such date; and (B) from and after the Basic Term Commencement Date, an amount equal to the Lease Balance, provided, however, that if any amount has -------- ------- been capitalized pursuant to clause (ii) of Section 3.7(e) of the Participation ----------- Agreement, then the Residual Value Guarantee Amount shall be recomputed such that (a) the Lessee is not deemed under GAAP to be the owner of the Property and (b) from the Lessee's perspective the Lease qualifies as an operating lease in accordance with GAAP in effect on the date of the Participation Agreement.