Remaining Lease Term Clause Samples

Remaining Lease Term. At all times each Mortgaged Property shall separately maintain an initial lease term (if multi-tenant, then taking into account all Leases, a weighted average lease term) of Data Center Leases or Medical Property Leases of not less than five (5) years remaining.

Remaining Lease Term. At all times the Unencumbered Pool Properties in the Unencumbered Pool must maintain on a collective basis a minimum weighted average remaining initial lease term of Data Center Leases or Medical Property Leases of not less than six (6) years remaining (for each multi-tenant Unencumbered Pool Property in the Unencumbered Pool, a weighted average lease term taking into account all Leases within such Unencumbered Pool Property shall be used for the calculation required by this §9.5).

Remaining Lease Term. As of the end of each calendar quarter, the Borrowing Base Properties included in the calculation of Borrowing Base Availability shall maintain on a collective basis a minimum weighted average remaining initial lease term of Leases of not less than seven (7) years remaining (for each multi-tenant Borrowing Base Property included in the calculation of Borrowing Base Availability, a weighted average lease term taking into account all Leases with Major Tenants within such Borrowing Base Property shall be used for the calculation required by this §9.7).

Remaining Lease Term. At all times the Mortgaged Properties in the Borrowing Base must maintain on a collective basis a minimum weighted average remaining initial lease term of Data Center Leases or Medical Property Leases of not less than seven (7) years remaining (for each multi-tenant Mortgaged Property in the Borrowing Base, a weighted average lease term taking into account all Leases within such Mortgaged Property shall be used for the calculation required by this §9.7).”

Remaining Lease Term. Until such time as the Borrowing Base Value exceeds $100,000,000, the weighted average remaining lease term of the leases at each Qualifying Borrowing Base Property (such weighting to be based on the respective demised rentable areas of such leases) shall be at least four (4) years. If such minimum would be violated at any time at a Qualifying Borrowing Base Property, such Qualifying Borrowing Base Property shall be eliminated from inclusion in the calculation of Borrowing Base Value until either the Borrowing Base Value exceeds $100,000,000 or the first day of the fiscal quarter of Borrower following the fiscal quarter in which the weighted average remaining lease term of the leases at such Qualifying Borrowing Base Property shall again equal or exceed four (4) years.

Remaining Lease Term. With respect to each Qualifying Borrowing Base Property after the first five (5) initial Borrowing Base Properties and continuing until such time as the Borrowing Base Value exceeds $100,000,000, the weighted average remaining lease term of the leases at such Qualifying Borrowing Base Property (such weighting to be based on the respective demised rentable areas of such leases) shall be at least two (2) years. If such minimum would be violated at any time at any such Qualifying Borrowing Base Property, such Qualifying Borrowing Base Property shall be eliminated from inclusion in the calculation of Borrowing Base Value until either the Borrowing Base Value exceeds $100,000,000 or the first day of the fiscal quarter of Borrower following the fiscal quarter in which the weighted average remaining lease term of the leases at such Qualifying Borrowing Base Property shall again equal or exceed two (2) years.

Remaining Lease Term. Alternatively, at the election of Landlord, Tenant covenants and agrees to pay as damages to Landlord, upon any such termination by Landlord of this Lease or of Tenant's rights under this Lease, such sum as at the time of such termination equals the amount of the excess, if any, of the then present value of all the rent which would have been due and payable hereunder during the remainder of the full Lease term (had Tenant kept and performed all agreements and covenants of Tenant set forth in this Lease) over and above the then present rental value of the Leased Premises for said remainder of the Lease term. For purposes of present value calculations, Landlord and Tenant stipulate and agree to a discount rate of eight (8) percent per annum.