Incremental Rent definition

Incremental Rent for the Equipment for any month shall be an amount ---------------- computed by multiplying the following: (i) the Incremental Rent Value for the Equipment on the first day of the month, by (ii) a fraction having a numerator equal to the number of days in the current month and a denominator of 360, by (iii) a percentage equal to the difference between 2.52% and the monthly LIBOR Rate as set for the first day of the current month. If Incremental Rent is calculated to be a negative amount, such amount will constitute a reduction in Basic Rent.
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Examples of Incremental Rent in a sentence

  • H Incremental Rent Adjustments Subject Year G - Prior Year J $ 84,018.00 $ 149,226.00 $ 120,371.46 I Annual Cap Amount (3% of Prior Year Adj.