BH Basic Rent definition

BH Basic Rent means an amount payable quarterly in advance beginning on the Acquisition Date in the amount of $9,661.27 and on each third Payment Date in an amount, if any, that (a) the product of the Eurodollar Lease Rate and the then outstanding balance (including principal and Capitalized Interest) of the B Loan, calculated for the number of days to elapse from the current BH Payment Date to the subsequent BH Payment Date over a year of 360 days, exceeds (b) interest accreted/compounded on the Certificate A from the current BH Payment Date to the subsequent BH Payment Date; provided, however, that to the extent that on a BH Payment Date, the amount of the B Loan (inclusive of principal and Capitalized Interest) is less than the amount of the Certificate A (inclusive of principal and accreted/compounded interest) (such differential being referred to herein as the "Deficiency") BH Basic Rent shall be payable in the amount, if any, that BH Basic Rent otherwise payable exceeds the Deficiency, if at all.
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Examples of BH Basic Rent in a sentence

  • The security interest granted by the Pledgor hereunder secures the satisfaction in full of all the Pledgor's payment and non-payment obligations to Pledgee under the Operative Documents, including, without limitation, the obligation to pay BH Basic Rent, Lessor Basic Rent, Equity Balance and Supplemental Rent (to the extent the Lessor is entitled to receive Supplemental Rent) (collectively, the "Obligations").

  • The security interest granted by the Pledgor hereunder secures the satisfaction in full of all the Pledgor's payment and non-payment obligations to Pledgee under the Operative Documents, including, without limitation, the obligation to pay BH Basic Rent, Lessor Basic Rent, Equity Balance and Supplemental Rent (to the extent the Lessor is entitled to receive Supplement Rent) (collectively, the "Obligations").