Variable Rent Percentage definition

Variable Rent Percentage means the fixed rate of 1.2% ; and
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Variable Rent Percentage means the Tendered Variable Rent Percentage as set out in the successful tenderer’s Form of Tender, and accepted by the Authority in its Letter of Acceptance; and
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Examples of Variable Rent Percentage in a sentence

  • Price Criteria: The tenderer’s score for price attributes shall be computed as follows: Step 1:Tendered total rent = Tendered Base Rent + [Variable Rent Percentage X Projected Total Revenue (per month)] Step 2:Lump sum tendered total rent of tenderer Lump sum CAPEX of tendererP-score = X 20 pts + X 20 pts Highest tendered total rent of all tenders evaluated Highest CAPEX of all tenders evaluated (*maximum P-score is 40 pts) Example: 7.

  • For administrative expediency, any Tendered Base Rent submitted in dollars and cents will be rounded up to the next nearest dollar, and any Tendered Variable Rent Percentage submitted with more than one (1) decimal point will be rounded up to one (1) decimal point.

  • If there is any discrepancy between the Tendered Base Rent and/or the Tendered Variable Rent Percentage inserted in words and figures in the Form of Tender, the said amounts in words shall prevail.

  • Price Criteria: The tenderer’s score for price attributes shall be computed as follows: Step 1:Tendered total rent = Tendered Base Rent + [Variable Rent Percentage X Projected Total Revenue (per month)] Step 2: Lump sum tendered total rent of tenderer Lump sum CAPEX of tendererP-score = X 20 pts + X 20 pts Highest tendered total rent of all tenders evaluated Highest CAPEX of all tenders evaluated (*maximum P-score is 40 pts) Example: Tenderer 7.

Related to Variable Rent Percentage

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Final Payment Percentage is five percent (5.00%).

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Constant Percentage 2 means 100%;

  • Investment Percentage means a percentage established for each Partner on the Partnership's books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner's Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Constant Percentage 1 means 100%;

  • Term Percentage as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Senior Enhancement Percentage With respect to any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balance of the Subordinated Certificates and (ii) the Subordinated Amount (in each case after taking into account the distributions of the Principal Distribution Amount for such Distribution Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.

  • Strike Percentage means 100%

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.