Common use of Interest Rate Change Clause in Contracts

Interest Rate Change. The Lease Rate Factors or the periodic Rent described in this Equipment Schedule have been calculated using an interest rate based on the 5-year U.S. Treasury Constant Maturity of 6.37% as described in the Federal Reserve Statistical Release H.15 ("Treasury Rate"). If on the Commencement Date for the last item of Equipment and/or Software prior to the beginning of the Initial Term, the Treasury Rate is greater or there is an adverse change in Lessee's credit standing, Lessor may adjust the Lease Rate Factors or the periodic Rent accordingly.

Appears in 2 contracts

Samples: Master Lease Agreement (Midcom Communications Inc), Master Lease Agreement (Midcom Communications Inc)

AutoNDA by SimpleDocs

Interest Rate Change. The Lease Rate Factors or the periodic Rent described in this Equipment Schedule have been calculated using an interest rate based on the 53-year U.S. Treasury Constant Maturity of 6.375.35% as described in the Federal Reserve Statistical Release H.15 ("Treasury Rate"). If on the Commencement Date for the last item of Equipment and/or Software prior to the beginning of the Initial TermTerm occurs later than October 1, 1998 and the Treasury Rate is greater greater, or there is an adverse change in Lessee's credit standing, Lessor may adjust the Lease Rate Factors or the periodic Rent for all items of Equipment accordingly.

Appears in 1 contract

Samples: Master Lease Agreement (Abacus Direct Corp)

Interest Rate Change. The Lease Rate Factors or the periodic Rent described in this Equipment Schedule have been calculated using an interest rate based on the 53-year U.S. Treasury Constant Maturity of 6.376.08% as described in the Federal Reserve Statistical Release H.15 ("Treasury Rate"). If on the Commencement Date for the last item of Equipment and/or Software prior to the beginning of the Initial Term, Term occurs later than February ,1 1997 and the Treasury Rate is greater greater, or there is an adverse change in Lessee's credit standing, Lessor may adjust the Lease Rate Factors or the periodic Rent for all items of Equipment accordingly.

Appears in 1 contract

Samples: Master Lease Agreement (First Virtual Holding Inc)

AutoNDA by SimpleDocs

Interest Rate Change. The Lease Rate Factors or the periodic Rent described in this Equipment Schedule have been calculated using an interest rate based on the 53-year U.S. Treasury Constant Maturity of 6.376.07% as described in the Federal Reserve Statistical Release H.15 ("Treasury Rate"). If on the Commencement Date for the last item of Equipment and/or Software prior to the beginning of the Initial Term, the Treasury Rate is greater or there is an adverse change in Lessee's credit standing, Lessor may adjust the Lease Rate Factors or the periodic Rent accordingly.

Appears in 1 contract

Samples: Master Lease Agreement (Midcom Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.