Deferred Basic Rent definition

Deferred Basic Rent means, as of any date prior to the Basic Term Expiration Date, the excess (if any) of (y) the cumulative amount of Allocated Rent pursuant to Section 3.2(b) of the Lease to the period from (and including) the Closing Date to (and excluding) such date over (z) the cumulative amount of Basic Rent payable pursuant to Section 3.2(a) of the Lease on all Rent Payment Dates prior to such date. The applicable amount of the Deferred Basic Rent as of each Rent Payment Date and the Second Early Purchase Date is set forth on Schedules 4 and 5 to the Participation Agreement, respectively.
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Deferred Basic Rent has the meaning specified for such term in SECTION 3(b)(iii) of the Sublease.
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Deferred Basic Rent has the meaning specified for such term in SECTION 4(a)(i)(C) of this Lease.
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Examples of Deferred Basic Rent in a sentence

  • The accrued, outstanding Deferred Basic Rent and the accrued, outstanding Deferred Basic Rent Return shall be paid in full to Landlord in accordance with the terms of this Section 5.

  • In connection with any such adjustment to Basic Rent payments pursuant to this Section 3(d), appropriate corresponding adjustments shall be made to the percentages set forth in Exhibit D in the columns with the headings "Deferred Basic Rent Amount" or "Prepaid Basic Rent Amount", as the case may be, and such corresponding adjustments shall also be set forth in such Lease Supplement or amendment to this Lease.

  • In connection with any such adjustments to payments and allocations of Basic Rent, appropriate corresponding adjustments shall be made to the percentages set forth on Schedules 3 and 4 in the columns headed "Deferred Basic Rent Amount" and "Prepaid Basic Rent Amount".

  • When the provisions of the Participation Agreement or this Lease refer to an amount, if any, set forth opposite a date in Exhibit D in the column with the heading "Deferred Basic Rent Amount" or "Prepaid Basic Rent Amount", as the case may be, such amount shall be equal to Lessor's Cost multiplied by the percentage, if any, set forth opposite such date in Exhibit D under the column with the heading "Deferred Basic Rent Amount" or "Prepaid Basic Rent Amount", as the case may be.

  • Lessee hereby confirms its agreement to pay to Lessor Basic Rent (including Deferred Basic Rent) and Supplemental Rent for the Aircraft throughout the Term in accordance with Section 3 of the Lease Agreement.

  • As used herein, the term “The Balance” shall mean the sum of the accrued, outstanding Deferred Basic Rent and the accrued, outstanding Deferred Basic Rent Return at the time identified.

  • Landlord and Tenant acknowledge and agree that the Deferred Basic Rent for the entire Deferment Period is equal to a total of Four Hundred Thirty-Eight Thousand Four Hundred Fourteen and 12/100 Dollars ($438,414.12) (excluding Landlord’s return, as described below).

  • Subject to the terms and conditions stated herein and as an accommodation to Tenant, Landlord and Tenant have agreed to (i) defer fifty percent (50%) of the Basic Rent due under the Lease for the period commencing August 1; 2003 through January 31, 2005 (“Baste Rent Deferral Period”) and (ii) to amortize said Deferred Basic Rent over the remaining Lease Term.

  • In the event of a monetary default that is not cured within the period allowed in the Lease, the full amount of the then remaining unamortized and/or unpaid portion of the Deferred Basic Rent shall be due in full upon the occurrence of such uncured monetary default.

  • Nothing contained in this Lease Amendment No. 4 shall be deemed a waiver by Lessor of any amounts due and owing under the Lease or of any rights of Lessor existing on the date hereof under the Lease; provided, however, that the amount of Deferred Basic Rent -------- ------- represents the unpaid Rent due and owing on the date hereof (the "Unpaid Rent"), and Lessor's sole remedy for the Unpaid Rent shall be the payment of Deferred Basic Rent.