Capital Rent definition
Examples of Capital Rent in a sentence
The acceptance by Lessor of any sums from Lessee (whether as Capital Rent or otherwise) in amounts which are less than the amounts due and payable by Lessee hereunder is not intended, nor shall be construed, to constitute an accord and satisfaction of any dispute between Lessor and Lessee regarding sums due and payable by Lessee hereunder, unless the Agent specifically deem it as such in writing.
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").
The acceptance by Lessor of any sums from Lessee (whether as Capital Rent or otherwise) in amounts which are less than the amounts due and payable by Lessee hereunder is not intended, nor shall be construed, to constitute an accord and satisfaction of any dispute between Lessor and Lessee regarding sums due and payable by Lessee hereunder, unless the Agent specifically deems it as such in writing.
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”).
Medi- Capital Rent can arrange for the repair or replacement of the Rental Object.
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").
If Landlord makes such a disbursement on a day other than the first day of a calendar month, then the Additional Capital Rent with respect to such disbursement shall, for the month in which such disbursement occurs, be prorated based on the number of days in the month falling on and after the date of disbursement over the total number of days in the month and shall be due with the next scheduled installment of Minimum Rent.
Capital Rent under this Lease for each ------------ Subsequent Tranche Lessor shall be no greater than an amount sufficient to reduce the portion of the Lease Balance attributable to any such Subsequent Tranche Funding to an amount equal to 50% of the amount of such Subsequent Tranche Funding as of the expiration of the Term.
A minimum EBITDARM/Post Follow-On Capital Rent ratio from Tenant operations of 2.25:1, based on a trailing twelve (12) months.
In this Agreement, the Capital Rent means the total of the lease components that the Lessee has undertaken to pay in respect of the Land Cost component, the Shell and the parking places and the interior, as set out in Appendix E hereto).