Floating Rate Lease definition
Floating Rate Lease means a Lease accruing finance charges at a floating rate per annum.
Floating Rate Lease means any Portfolio Lease where the calculation of “Basic Rent” (howsoever defined), provides for an adjustment to take account of changes in the applicable floating rate of interest prevailing on each date on which such Basic Rent is payable.
Floating Rate Lease. A Finance Lease pursuant to which the amount of rent payable by the related Lessee changes on a monthly basis based on a reference interest rate, such as LIBOR Rate or the prime rate.