Lease Rate Factor. The Lease Rate Factor is $26.37 per $1,000 of Acquisition Cost, subject to adjustment as stated in Section 5. ADVANCE RENTALS: $38,915.74 Payable at the time of signing of this Schedule. To be applied to the first Monthly Rental Payment.
Lease Rate Factor means, with respect to a Lease, the meaning set out with respect thereto in the applicable Schedule.
Lease Rate Factor. The Lease Rate Factor of .02875 shall increase .000069966 for every five (05) basis point increase in thirty-six (36) month U.S. Treasury Notes as of the Acceptance Date of the Property (the "Revised Lease Rate Factor"), at which time the final Monthly Rental under this Schedule shall be adjusted by multiplying the Total Cost, indicated in Section 7, by the Revised Lease Rate Factor. The thirty-six (36) month U.S. Treasury Note yield used as the basis for the derivation of the Revised Lease Rate Factor herein is 4.40%.
Examples of Lease Rate Factor in a sentence
For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period.
For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("INTERIM PERIOD"), Lessee shall pay as rent ("INTERIM RENT") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period.
Commencing on 12/01/04 and on the same day of each month thereafter (each, a "RENT PAYMENT DATE") during the Basic Term, Lessee shall pay as rent ("BASIC TERM RENT") the product of the Basic Term Lease Rate Factor times the Capitalized Lessor's Cost of all Equipment on this Schedule.
For the period from and including the Lease Commencement Date to but not including the Basic Term Commencement Date (“Interim Period”), Lessee shall pay as rent (“Interim Rent”) for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor’s Cost of such unit times the number of days in the Interim Period.
The aggregate for all items of each item’s Lessor’s Basis multiplied by its Lease Rate Factor.
More Definitions of Lease Rate Factor
Lease Rate Factor. The Base Lease Rate Factor of .02217 shall increase .00015238 for every five (05) basis point increase in forty-eight (48) month U.S. Treasury Notes, as of the Acceptance Date of the Property, at which time the final Monthly Rental amount under this Schedule shall be determined based upon the new lease rate factor redetermined under this provision ("Lease Rate Factor"). The forty-eight (48) month U.S. Treasury Note yield used as the basis for the derivation of the Lease Rate Factor contained herein is 5.43%. Not applicable if transaction closes on or before April 30, 1998. All other terms and conditions of the Lease shall continue in full force and effect without change. Dated: Xxxxx 00, 0000 XXXXXX: LESSEE: MATRIX FUNDING CORPORATION OLYMPIC CASCADE FINANCIAL CORPORATION By: By: /s/ [ILLEGIBLE] ------------------------------------- ---------------------------------- ITS: ITS: Chief Financial Officer ------------------------------------- --------------------------------- XXXX OF SALE For valuable consideration, the receipt of which is acknowledged, Olympic Cascade Financial Corporation (hereinafter "Seller"), having its principal place of business at 000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, XX, 00000 hereby sells and transfer its right(s) and interest(s) in the property described herein to: MATRIX FUNDING CORPORATION 0000 Xxxxx Xxxx Xxxxxx, #000 Xxxxxxx, XX 00000 (hereinafter "Buyer") Equipment: Per the attached Exhibit A of three (3) pages, which by reference to is made a part hereof. Seller hereby represents and warrants to buyer that Seller is the absolute owner of said property, that said property is free and clear of all liens, charges and encumbrances, and that Seller his full right, power and authority to sell said property, and to make this Xxxx of Sale. All warranties of quality, fitness and merchantability are hereby excluded. SELLER: OLYMPIC CASCADE FINANCIAL CORPORATION BY: /s/ [ILLEGIBLE] ------------------------------------ TITLE: Chief Financial Officer --------------------------------
Lease Rate Factor means the lease rate factors set forth on Schedule 4.
Lease Rate Factor means the Lease Rate Factor set forth in a document to be in the agreed form.
Lease Rate Factor shall be equal to an interest rate determined by adding 495 basis points to the published yield on Five (5) Year Constant Maturity United States Treasury Notes as reported in Federal Reserve Statistical Release H.15(519), as published by the Board of Govenors of the Federal Reserve System, or any successor publication by the Board of Governors of the Federal Reserve System, most recently prior to the Effective Date with respect to the applicable Lease for each System. Beginning with the twenty-fifth (25th) monthly installment, each payment of Rent shall consist of a "Lease Rate Factor" payment together with an amount constituting a partial repayment of the Lease Amount as set forth below: Installment Number Percentage of Lease Amount ------------------ -------------------------- 25-36 1.667% 37-48 2.500% 49-59 4.167% 60 All Unpaid Lease Amount The Rent for a System is based upon the Supplier's estimated total price of the System and the acceptance of the System by Lessee on or before the scheduled Commencement Date (as set forth in the applicable Schedule). If the applicable portion of the Lease Amount (as set forth above or in any applicable Schedule) of the installed System exceeds or is less than the estimate as a result of a job change order ("JCO"), the Lessee authorizes Lessor to adjust the Rent accordingly. If the Commencement Date occurs after the scheduled Commencement Date, and Lessor waives the condition precedent that the Commencement Date occur on or before the scheduled Commencement Date, Lessor's then current Lease Rate Factor for similar transactions shall apply and the Lessee authorizes Lessor to adjust the Rent, if required. In the event the Rent is adjusted, the principal, interest and purchase option amounts as set forth in the Rent and Purchase Option Annex to the applicable Schedule shall also be adjusted. Lessor shall inform Lessee in writing of any such adjustment. Whenever any payment of Rent or any other amount due under a Lease is not made within ten days after the date when due, Lessee agrees to pay on demand (as a fee to offset Lessor's collection and administrative expenses), one and one-half percent (1 1/2%) per month of all overdue amounts from the due date until paid, but not exceeding the lawful maximum, if any.
Lease Rate Factor. 4. Basic Term: _______________. 5. Basic Term Commencement Date: ______________ ___, 200_ . 6. Renewal Term: ______________ months [________ (____) ____________ month Renewal Terms]. 7. Maximum Lease Term: _________________. . 8. Last Delivery Date: _____________ ____, 200 . 9. First Termination Date: . 10. Stipulated Loss Values: See Annex D. 11. Termination Values: See Annex D. 12. Assumed Interest Rate: % (which will be determined three (3) Business Days before the date of execution of the Certificate of Acceptance). 13.
Lease Rate Factor. For months 1-3: 0.011000 For months 4-36:0.036283
Lease Rate Factor is used to calculate the amount of monthly rental payments. The monthly rent payment shall be calculated by multiplying the appropriate Lease Rate Factor by the Total Cost of the Property: Lease Rate Factor 36 Mo. Lease Term 48 Mo. Lease Term 60 Mo. Lease Term $1.00 Buyout Option: .028946 .022104 .018035 The Lease Rate Factor will fluctuate until the conclusion of the Installation Period (“the Adjustment Date”). On the Adjustment Date, the Lease Rate Factor will be set based upon a change in the spot rate for like-term Interest Rate Swaps as published by the Federal Reserve statistical release H.15 (the “Spot Rate”). If, on the Adjustment Date, the Spot Rate is greater or lower than .96% (3 yr.), 1.17% (4 yr.), and 1.36% (5 yr.) based on the like term Swaps as of October 16, 2015, then the Lease Rate Factor will be adjusted accordingly based on the change in the Spot Rate . 12/12 FINANCIAL COVENANTS RIDER This Financial Covenants Rider (this “Rider”) is attached to the Master Lease Agreement dated, November 6, 2015 and/or the Master Loan Agreement, as applicable (the “Agreement(s)”), between Xxxxxxxxx.xxx, Inc. (“Obligor”) and U.S. Bank Equipment Finance, a division of U.S. Bank National Association (“Creditor”) and amends such Agreement(s) to add the following terms and conditions. Capitalized terms used but not defined herein are used with the respective meanings specified in the Agreement(s). If any terms hereof are inconsistent with the terms of the Agreement(s) or any previous Financial Covenants Rider, the terms hereof shall prevail. Obligor agrees that, so long as any obligations remain outstanding under any of the Agreement(s), Obligor shall: