Base Monthly Payment definition

Base Monthly Payment means, with respect to any Lease, a level amount payable monthly in advance by the related Lessee that provides a fixed internal rate of return, and amortizes the Adjusted Capitalized Cost of such Lease to the Residual Value of the related Vehicle over the Lease Term.
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Base Monthly Payment means the regular monthly installments of Base Interest and principal due under this Note on each Monthly Payment Date pursuant to Section 6(a).
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Examples of Base Monthly Payment in a sentence

  • The Base Monthly Payment consists of Base Rent plus Base Operating Costs.

  • Commencing on the “Effective Date” the Contractor shall receive the Monthly Base Payment set forth in the Incorporated Terms, without payroll deductions, which Monthly Base Payment shall be paid in accordance with the customary payroll practices of the Company by including Contractor’s Monthly Base Payment in the Company’s monthly payroll (or ½ of the Base Monthly Payment if a bi-monthly payroll), and which payment may be increased at the discretion of the Company (the “Monthly Base Payment”).

  • If Tenant timely provides Landlord with a written objection, then the Fair Market Value shall be determined in accordance with the appraisal process set forth in the second paragraph of Paragraph 1.2 of the Addendum, provided, however, that in no event shall the Minimum Base Monthly Payment be less than One Hundred Four Percent (104%) of the Minimum Base Monthly Payment payable for the last full month of the immediately preceding year.

  • The amount used in calculating your Base Monthly Payment or Base Single Payment .........................= $ 30,814.08 D.

  • The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment..............................................................................................................................

  • The amount used in calculating your Base Monthly Payment.....................

  • The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment or Base Single Payment ..– $ 18,582.40 E.

  • Base Monthly Payment or Base Single Payment...............................................................................................................................= $ 453.88 J.

  • As used in this Amendment, the term "Minimum Monthly Payment" means the sum of the following (A) Eighty Two Thousand Two Hundred Forty Four and 80/100 Dollars ($82,244.80) per month (the "Minimum Base Monthly Payment") plus (B) Thirty Three and 88/100 Percent (33.88%) of the Real Property Taxes and Direct Operating Expenses for the Property (the "Minimum Additional Rent").

  • The Minimum Base Monthly Payment shall be adjusted once each year, effective as of June 1 of each year to and amount equal to the greater of (i) one hundred four percent (104%) of the Minimum Base Monthly Payment payable during the immediately preceding month and (ii) the fair market value for the 74,768 gross leasable square feet space comprising the Premises (the "Fair Market Value"), as determines below.

Related to Base Monthly Payment

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.