Loan Basic Rent definition

Loan Basic Rent means the scheduled interest due on the Loans on any Scheduled Interest Payment Date pursuant to the Credit Agreement (but not including interest on (a) any such Loan due prior to the Rent Commencement Date with respect to the Property to which such Loan relates or (b) any overdue amounts under Section 2.8(b) of the Credit Agreement or otherwise).

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Loan Basic Rent means, (i) with respect to any Scheduled Payment Date, the amount of each Loan scheduled to be repaid on such Scheduled Payment Date in accordance with Annex 2(a), Annex 2(b) or Annex 2(c), as the case may be, of the Loan Agreement plus (ii) with respect to any Payment Date, the amount of interest due on the outstanding Loan on any Payment Date pursuant to the Loan Agreement and/or any of the Notes (but not including interest on any overdue amounts).

Loan Basic Rent means the scheduled repayment of the Tranche B Loans on the dates and in the manner specified therefor in Schedule 1 to the Participation Agreement and the scheduled interest due on the Loans on any Scheduled Interest Payment Date pursuant to the Credit Agreement (but not including any overdue amounts under Section 2.8(b) of the Credit Agreement or otherwise).

Examples of Loan Basic Rent in a sentence

• The security interest granted by the Pledgor hereunder secures the satisfaction in full of all the Pledgor's payment and non-payment obligations to Pledgee under the Operative Documents, including, without limitation, the obligation to pay B Loan Basic Rent, Lessor Basic Rent, Equity Balance and Supplemental Rent (to the extent the Lessor is entitled to receive Supplement Rent) (collectively, the "Obligations").

• The security interest granted by the Pledgor hereunder secures the satisfaction in full of all the Pledgor's payment and non-payment obligations to Pledgee under the Operative Documents, including, without limitation, the obligation to pay B Loan Basic Rent, Lessor Basic Rent, Equity Balance and Supplemental Rent Certificate A Pledge Agreement (to the extent the Lessor is entitled to receive Supplemental Rent) (collectively, the "Obligations").

• Upon the execution and delivery of each Lease, (i) each Lessee will have unconditionally accepted the Property subject to such Lease, (ii) no offset will exist with respect to any Project Loan Basic Rent or other sums payable under such Lease (other than Developer Basic Rent or Developer Equity pursuant to Section 24.01(b) of each Lease) and (iii) no Basic Rent or Supplemental Rent under any Lease will have been prepaid.

More Definitions of Loan Basic Rent

Loan Basic Rent means the scheduled interest and principal payments (if any) due on the Loans on the Rent Commencement Date and on any Scheduled Interest Payment Date pursuant to the Credit Agreement and the principal payments (if any) due on the Payment Date immediately following the Final Completion Date (but not including interest on (a) any such Loan due prior to the Rent Commencement Date with respect to the Property to which such Loan relates or (b) any overdue amounts under Section 2.8(b) of the Credit Agreement or otherwise), including specifically, without limitation, any such payments due in connection with any extension of the Maturity Date of the Loans pursuant to Section 2.6(e) of the Credit Agreement; provided, Loan Basic Rent shall not include interest calculated on any Loan used to pay any Excluded Cost unless a Lease Event of Default shall have occurred and be continuing.

Loan Basic Rent means the scheduled interest and principal payments (if any) due on the Loans on any Rent Commencement Date and any Scheduled Interest Payment Date pursuant to the Credit Agreement (but not including interest on (a) any such Loan due prior to the Rent Commencement Date with respect to the Property to which such Loan relates or (b) any overdue amounts under Section 2.8(b) of the Credit Agreement or otherwise), including specifically without limitation any such payments due in connection with any extension of the Maturity Date of the Loans pursuant to Section 2.6(e) of the Credit Agreement; provided, Loan Basic Rent shall not include interest calculated on any Loan used to pay any Excluded Cost unless a Lease Event of Default shall have occurred and be continuing.