Common use of Rent Differential Clause in Contracts

Rent Differential. So long as the Initial Series Note shall be outstanding, each installment of Basic Rent shall be increased or decreased, as the case may be, by the Rent Differential. For purposes hereof, "Rent Differential" shall mean, as of any Basic Rent Payment Date, the difference between (i) the aggregate amount of interest due and payable on each Basic Rent Payment Date on the Initial Series Note, and (ii) the aggregate amount of interest that would have been due and payable on such Basic Rent Payment Date on such Note if such Note had at all times during the relevant period borne interest at a rate equal to 10.0% per annum (computed on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be). If, as of any Basic Rent Payment Date, (A) the amount determined in accordance with clause (i) of the immediately preceding sentence shall exceed the amount determined in accordance with clause (ii) of such sentence, the amount of Basic Rent due on such Basic Rent Payment Date shall be increased by the Rent Differential, and (B) the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Basic Rent due on such Basic Rent Payment Date shall be decreased by the Rent Differential.

Rent Differential. So long as Prior to the Initial Series Note shall be outstandingRefunding Date, each installment (if any) of Basic Rent shall be increased or decreased, as the case may be, by the Rent Differential. For purposes hereof, "Rent Differential" Differential shall mean, as of any Basic Rent Payment Date, the difference between (i) the aggregate amount of interest due and payable on each such Basic Rent Payment Date on the Initial Series NoteNotes then Outstanding, and (ii) the aggregate amount of interest that would have been due and payable on such Basic Rent Payment Date on such Note Notes if such Note Notes had at all times during the relevant period borne interest at a rate equal to 10.010.5% per annum (computed on the basis of the actual number of days elapsed in a 36O-day year of 365 or 366 days, as the case may betwelve 30-day months). If, as of any Basic Rent Payment Date, (A) the amount determined in accordance with clause (iy) of the immediately preceding sentence shall exceed be greater than the amount determined in accordance with clause (ii) of such sentenceSentence, the amount of Basic Rent due on such Basic Rent Payment Date shall be increased by the Rent Differential, and (B) the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Basic Rent due on such Basic Rent Payment Date shall be decreased by the Rent Differential.