Minimum lease payments definition

Minimum lease payments means the sum of the aggregate Base Rent payable over the Initial Term and the Extension Term, plus imputed interest on the non-interest bearing portion of the Security Deposit imputed at a market rate of interest for an investment for a similar term, plus the Guaranteed Residual Value, plus the following to the extent paid in cash: custodial and other fees paid by Tenant, and any other reimbursed costs of Landlord paid by Tenant deemed to meet the definition of Minimum Lease Payments under SFAS No. 13.
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Minimum lease payments. – means the payments and any bargain option that the lessee is or can be required to make over the lease term (i.e. option, the exercise of which is reasonably certain);
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Minimum lease payments means the minimum payments received on a lease which include any or all of the following:
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Examples of Minimum lease payments in a sentence

  • Minimum lease payments required under the lease are $129,372 and $86,248 in 2002 and 2003, respectively.

  • Minimum lease payments made under finance leases are apportioned between the finance charges and the reduction of the outstanding liability.

  • Minimum lease payments are the payments over the lease term that the lessee required to make together with the amount guaranteed by the lessor.

  • Minimum lease payments made under finance leases are apportioned between the finance expense and the reduction of the outstanding liability.

  • Minimum lease payments under long-term operating lease agreements for various properties are as follows: 2011 $ 7,526,000 2012 $ 7,466,000 2013 $ 7,583,000 2014 $ 7,621,000 2015 $ 7,629,000 2016 and thereafter $ 39,413,000 Total $ 77,238,000 The minimum lease payments include $41,068,000 related to renewal periods reasonably assured of being exercised.

  • Minimum lease payments are apportioned between the finance charge and reduction of the outstanding liability.

  • Minimum lease payments for this capital lease are $2.2 million in 2015 and will increase by 3% per year for the remainder of the lease.

  • In thousands Operating leases Capital leases Minimum lease payments 2018 $ 5,065 $ 3 $ 5,068 2019 5,043 — 5,043 2020 6,601 — 6,601 2021 7,137 — 7,137 2022 7,283 — 7,283 Thereafter 156,262 — 156,262 Total $ 187,391 $ 3 $ 187,394 In October 2017, we entered into a 20-year operating lease agreement for a new headquarters in Portland, Oregon in anticipation of the expiration of our current lease in 2020.