Accrual Rent definition

Accrual Rent means, individually or collectively, Series A Accrual Rent, Series B Accrual Rent, Series C Accrual Rent and Lessor’s Interest Related Accrual Rent.
Sample 1Sample 2Sample 3
Accrual Rent means, with respect to each Rent Period, an amount equal to interest accrued on the Lease Balance outstanding during such period at the Interest Rate.
Sample 1Sample 2
Accrual Rent means the portion of Basic Rent that is described in Section 3.5 of the Master Lease.
Sample 1Sample 2

Examples of Accrual Rent in a sentence

  • All computations of Accrual Rent and other accrued amounts (including, without limitation, the Overdue Rate), in each case pursuant to the Operative Documents shall be made on the basis of a 360-day year and the actual days elapsed for Accrual Rent calculated by reference to the LIBO Rate.

  • Each determination of Accrual Rent pursuant to any provision of this Lease or any of the other Operative Documents shall be conclusive in the absence of manifest error.

  • The obligations secured hereby shall include, without limitation, all Basic Rent, Accrual Rent and Fixed Rent as well as all Supplemental Rent due from Lessee/Mortgagor under the Master Lease.

  • The maximum amount of advances, exclusive of interest thereon (whether or not identified as interest and including specifically all Accrual Rent under the Master Lease), and exclusive of advances made for the payment of real estate taxes, assessments, insurance premiums and costs incurred for the protection of the Security Property, all of which are also secured by this Supplement, which may be outstanding at any time is One Hundred Twenty Million and 00/100 Dollars ($120,000,000.00).

  • On each Payment Date during the Lease Term, Lessee shall pay to Agent for the benefit of Lessor, a payment of rent consisting of (i) Capital Rent (other than with respect to the initial Payment Date on which Lessee shall pay only Accrual Rent) and (ii) Accrual Rent (collectively, “Basic Rent”).

  • With respect to each determination of Accrual Rent under the Lease, Lessee agrees to be bound by Section 2.9 hereof and the applicable definition in Article I hereof.

  • Except as otherwise provided in Section 6.5, on each Payment Date during the Lease Term, Lessee shall pay to Agent, for the benefit of Lessor, a payment of rent consisting of (i) Capital Rent and (ii) Accrual Rent (collectively, "Basic Rent").

  • Thereafter on each Payment Date during the remaining Lease Term, Lessee shall pay to Trustee, for the benefit of the Certificate Purchasers, an installment payment of rent consisting of (a) Capital Rent as set forth opposite the applicable Payment Date on Schedule II to each Lease Supplement and (b) Accrual Rent for the applicable Rent Period on the outstanding Lease Balance (collectively, "BASIC RENT").

  • Each payment of Rent shall be accompanied by written designation from Lessee as LSI Logic Corporation Lease A to the amount of such payment that is being made in respect of Series A Capital Rent, Series A Accrual Rent, Series B Capital Rent, Series B Accrual Rent, Series C Accrual Rent or Supplemental Rent.

  • Each Subsequent Tranche Lessor shall have ------------ received from Lessee a Certificate duly executed by Lessee and registered in such Subsequent Tranche Lessor's name evidencing such Subsequent Tranche Lessor's right to receive Accrual Rent, Capital Rent and the Lease Balance set forth on such Lessor's Payment Schedule in each case as provided in this Lease, or, in the event of a foreclosure on any or all of the Collateral, in accordance with Section 8.4(c).


More Definitions of Accrual Rent

Accrual Rent payable on any Scheduled Payment Date means an amount equal to (w) the Aggregate Property Cost outstanding on the immediately preceding Scheduled Payment Date, after giving effect to all payments made on such preceding Scheduled Payment Date (or, in the case of the initial Scheduled Payment Date, the Aggregate Property Master Lease Cost outstanding on the Acquisition Date) minus all payments of Termination Base Amount made during the Rent Period ending on such Scheduled Payment Date multiplied by (x) the Applicable Rate multiplied by (y) the number of days then elapsed since the Scheduled Payment Date immediately preceding such date multiplied by (z) 1/360.
Sample 1
Accrual Rent means, for any Payment Date after the Base Term Commencement Date on which Base Rent is due under the Lease, an amount equal to the sum of the aggregate amount of Yield payable under the Operative Documents on such date on the Participant Interest Contribution Amount and the Lessor Amount in respect of the applicable Interest Period. Table of Contents
Sample 1

Related to Accrual Rent

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term as set forth in the Base Rental Agreement by and between Landlord and Tenant. Year Per Sq Ft First Floor Total Per Annum Total Per Month 1 $24 $112,200 $9,350

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Minimum Rent means the sum of Thirty-Seven Million Six Hundred Forty-Six Thousand Three Hundred Forty-Four and 00/100 Dollars ($37,646,344.00) per annum.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.