Examples of Capitalized Rent in a sentence
The term “value” shall mean, with respect to a Sale and Leaseback Transaction, as of any particular time, the amount equal to the greater of (i) the Capitalized Rent with respect thereto, or (ii) the fair value of such property at the time of entering into such Sale and Leaseback Transaction as determined by the Board of Directors.
The present value (discounted semi-annually at a discount rate equal to the weighted average rate of interest borne by the Obligations) of the total net amount of rent payable for the remaining term of any lease of property by the Borrower (including any period for which such lease has been extended); provided that no such rental obligation shall be deemed to be Capitalized Rent unless the lease resulted from a Sale and Leaseback Transaction.
Enclosures (4) and (5) outline the responsibilities and procedures for this award.
Landlord and Tenant agree that the Capitalized Rent Payment will be treated separately from Sublease Net Cash Flow and Sublease Rent and not a part of their calculations.
If the Disbursement Reserve Amount is ever reduced as provided in this Section 2.06(c), except in the event of payment of the Capitalized Rent, the Disbursement Reserve Amount shall be replenished by Tenant to the amount required by this Lease at the time of such reduction.