Contingent Rental Adjustment definition

Contingent Rental Adjustment means the sum of (a) the maximum amount ---------------------------- (calculated as a percentage of the Fair Market Sales Value of the Property as set forth in the Appraisal) that when present valued with the minimum Basic Rent payments to be made during the Term permits the Lease to be characterized as an "operating lease" in accordance with the Statement of Financial Accounting Standards No. 13 as in effect on the Acquisition Date and permits recourse to the Lessee , which in no event shall be less than all amounts due and owing under the Nomura Loan Agreement and (b) any additional amount required to prepay the Loan or defease the Loan in whole or in part pursuant to the Nomura Loan Agreement, including, but not limited to, the Defeasance Deposit or the Yield Maintenance Premium, as applicable , and all costs and fees payable in connection therewith.
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Contingent Rental Adjustment means the maximum amount (calculated as a percentage of the Fair Market Value of the Property as set forth in the Appraisal) that when present valued with the minimum Basic Rent payments relating to the Property to be made during the applicable Term permits the Lease of such Improvements to be characterized as an "operating lease" in accordance with the Statement of Financial Accounting Standards No. 13 as in effect on the Closing Date.
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Contingent Rental Adjustment means the sum of (a) the maximum amount (calculated as a percentage of the Fair Market Sales Value of the Property as set forth in the Appraisal) that when present valued with the minimum Basic Rent payments to be made during the Term permits the Lease to be characterized as an "operating lease" in accordance with the Statement of Financial Accounting Standards No. 13 as in effect on the Acquisition Date and permits recourse to the Lessee , which in no event shall be less than (a) all amounts due and owing under the Xxxxxx Loan Documents and (b) any additional amount required to prepay the Xxxxxx Loan including, but not limited to, any prepayment premium payable under the Xxxxxx Loan Documents and all costs and fees payable in connection therewith.
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Examples of Contingent Rental Adjustment in a sentence

  • During the Marketing Period, the obligation of the Lessee to pay Rent shall continue undiminished until payment in full to the Lessor of the Contingent Rental Adjustment and all other amounts due to the Lessor by Lessee under the Operative Documents to which the Lessee is a party.

  • During the Marketing Period, the ---------------------------- obligation of the Lessee to pay Rent shall continue undiminished until payment in full to the Lessor of the Contingent Rental Adjustment and all other amounts due to the Lessor by Lessee under the Operative Documents to which the Lessee is a party.

  • During the Marketing Period, the obligation of the Lessee to pay Rent shall continue undiminished until payment in full to the Lessor of the Contingent Rental Adjustment and all other amounts due to the Lessor with respect to the Leased Assets under each Lease Supplement under the Operative Documents to which the Lessee is a party.

  • During the Marketing Period, the obligation of the Lessee to pay Rent shall continue undiminished until payment in full to the Lessor of the Contingent Rental Adjustment and all other amounts due to the Lessor with respect to the Property under the Operative Documents to which the Lessee is a party.


More Definitions of Contingent Rental Adjustment

Contingent Rental Adjustment means the sum of (a) the maximum amount (calculated as a percentage of the Fair Market Sales Value of the Property as set forth in the Appraisal) that when present valued with the minimum Basic Rent payments to be made during the Term permits the Lease to be characterized as an "operating lease" in accordance with the Statement of Financial Accounting Standards No. 13 as in effect on the Acquisition Date and permits recourse to the Lessee , which in no event shall be less than all amounts due and owing under the Heller Loan Documents and (b) any additxxxxx amount required to prepay the Heller Loan or defease the Heller Loan xxxxxxnt to the Heller Loan Xxxxxents including, but nxx xxxited to, the Defeasance Deposit or the Yield Maintenance Amount, as applicable, and all costs and fees payable in connection therewith.
Sample 1
Contingent Rental Adjustment means the sum of (a) the maximum amount (calculated as a percentage of the Fair Market Sales Value of the Property as set forth in the Appraisal) that when present valued with the minimum Basic Rent payments to be made during the Term permits the Lease to be characterized as an "operating lease" in accordance with the Statement of Financial Accounting Standards No. 13 as in effect on the Acquisition Date and permits recourse to the Lessee , which in no event shall be less than all amounts due and owing under the Nomura Loan Agreement and the Mezzanine Loan Agreement and (b) any additional amount required to prepay the Loan or Mezzanine Loan or defease the Loan in whole or in part pursuant to the Nomura Loan Agreement and Mezzanine Loan Agreement, respectively, including, but not limited to, the Defeasance Deposit or the Yield Maintenance Premium, as applicable, and all costs and fees payable in connection therewith.
Sample 1
Contingent Rental Adjustment means the guaranteed portion of the Lease Balance determined in accordance with the "90%" test set forth in FASB No. 13 which, with respect to each Leased Asset, is set forth in, or determined pursuant to, the Lease Supplement therefor.
Sample 1

Related to Contingent Rental Adjustment

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Pro Forma Disposal Adjustment means, for any four-quarter period that includes all or a portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent four-quarter period prior to its disposal.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.