Lease Rate Percentage definition

Lease Rate Percentage means X.XX%, as bid in the proposal response. The Lease Rate Percentage is applied to the Land Value to determine the initial Base Rent for the First Lease Year and for the first year after a Market Adjustment. This percentage may not be less than the rate provided in 77-1- 905, MCA, and may be modified accordingly as part of a scheduled Market Adjustment. (The minimum is established in the Request for Proposal and is not to be less than that determined by Lessor in accordance with MCA 77-1-905. An actual number will be inserted and made part of this lease upon proposal selection.)
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Lease Rate Percentage means the percent of appraised value used to determine the annual rent amount. The initial Base Rent of $45,000 was set by applying a Lease Rate Percentage of 6.7% to the current appraised value of the parcel. Lease Rate Percentage at renewal and market adjustment periods must not be below the minimum rate set in accordance with MCA 77-1-905.
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Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent (minimum rent) for a given year. The percentage may be modified at any scheduled Market Adjustment, and is not to be below that rate established per § 77-1-905, MCA. During the Reduced Rent Period, the Lease Rate Percentage shall be x percent of the Land Value. After the Reduced Rent Period, and through the end of the Term, the Lease Rate Percentage shall be x percent of the Land Value.
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Examples of Lease Rate Percentage in a sentence

  • Proposed Base Rent The minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

  • CHAPTER 9 – LEASE FEEThe minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

  • Proposed Base Rent▪ The minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

  • LEASE FEEThe minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

  • The minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

  • CHAPTER 8 – LEASE FEEThe minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value.

  • Proposed Base Rent The minimum annual Base Rent is calculated by applying the minimum Lease Rate Percentage to the land value, not to be less than $250.

  • After giving effect to the transfer of Engines on any Transfer Date, the Weighted Average Lease Rate Factor for all Eligible Engines (relating to Existing and Possible Loans) shall not be less than the Weighted Average Lease Rate Percentage.

  • Proposed Lease Rate Percentage The minimum Lease Rate Percentage for this proposal is 4% A proposal at the minimum Lease Rate Percentage would result in Base Rent for the first full lease year of 4% x the land value.

  • Proposed Lease Rate Percentage▪ The minimum Lease Rate Percentage for this proposal is 5%▪ A proposal at the minimum Lease Rate Percentage would result in Base Rent for the first full lease year of 5% x the land value.


More Definitions of Lease Rate Percentage

Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent for a given year. The Lease Rate Percentage means three percent (3%) of the Land Value unless adjusted at a scheduled Market Adjustment in accordance with § 77-1-905, MCA, as applicable.
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Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent (minimum rent) for a given year. The percentage may be modified at any scheduled Market Adjustment, and is not to be below that rate established per § 77-1-905, MCA. During the Reduced Rent Period, the Lease Rate Percentage shall be two percent of the Land Value. After the Reduced Rent Period, and through the end of the Term, the Lease Rate Percentage shall be four percent of the Land Value.
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Related to Lease Rate Percentage

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Commitment Fee Percentage means 0.25% per annum.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Strike Percentage means 100%

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • LIBOR Rate Reserve Percentage means as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”).

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding).

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurocurrency Margin for Eurocurrency Rate Loans in effect on such date.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Base Rate Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Interest Percentage With respect to any Class of Certificates and any Distribution Date, the ratio (expressed as a decimal carried to six places) of the Accrued Certificate Interest for such Class to the sum of the Accrued Certificate Interest for all Classes, in each case with respect to such Distribution Date, without regard to Relief Act Interest Shortfalls.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.