Rent Factor definition

Rent Factor means, with respect to a Schedule, the rent factor calculated using the Implicit Rate applicable on the date of preparation of such Schedule.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Rent Factor is the sum of the Rental Rate Constant and the Debt Service Constant

Rent Factor shall have the meaning set forth in Section 3(a) below.

Examples of Rent Factor in a sentence

Accordingly, the Annual Basic Rent Factor for any Renewal Term under any Section 2 Lease shall be equal to (I) the Fair Market Rental Value Per RSF of the Base Leased Premises for such Renewal Term under such Section 2 Lease, minus (II) the Apportioned Reduction Amount Per RSF (if any) for such Renewal Term with respect to such Section 2 Lease.
The Monthly Rent Factor for each Lease Schedule will be fixed at the time it is executed.
Lessee shall pay to Lessor, as rental for Equipment during each month of the Initial Lease Term of any Schedule and during any Holdover Period, an amount equal to the Rent Factor set forth on the cover page of this Lease multiplied by the total Cost of the Equipment to Lessor, which amount shall be due and payable in advance on the first day of each calendar month during the Initial Lease Term and during any Holdover Period.
Upon execution of this Lease, Lessee shall pay to Lessor an advance payment in an amount equal to the Rent Factor multiplied by the Master Lease Line (plus applicable taxes) (the "Advance Rental").
In the event Lessee elects to enter into such new master lease, the Base Annual Rental under such new master lease shall equal the product of (i) the aggregate Applicable Percentage for the Properties included within such new master lease multiplied by the Purchase Price, and (ii) the "Rent Factor'' set forth on the attached Exhibit B.
In no event shall the Base Rent Factor decrease as a result of any decrease in CPI.
Annual Basic Rent shall be adjusted from time to time each time there is a change in the Annual Basic Rent Factor or in Tenant’s Occupancy Percentage for the Property.
Base Rent shall be recalculated when Tenant's Percentage Share changes and/or when the Base Rent Factor is increased based upon the CPI formula stated herein.
In addition the Base Rent Factor shall increase annually if there is any increase in CPI, hereinafter defined, based upon such increase, as specified below.
The resulting initial base rent during the first year of the lease term shall equal: (Total Development Costs + Land Cost + Developer’s Fee) X Rent Factor.

More Definitions of Rent Factor

Rent Factor means that percentage which shall be agreed to by the Lessor and the Lessee on the Commencement Date.

Rent Factor means the Rent Factor applicable to each Schedule which is set forth on the cover page of this Lease. (z) "Rental Payment" means, for any Schedule, the monthly rent payment for the Units identified in such Schedule. (aa) "Residual Value" has the meaning set forth in Paragraph 22(b) of this Lease. (ab) "Schedule" means a schedule in the form of Exhibit F to this Lease identifying this Lease and incorporating this Lease by reference, which is executed by both parties hereto. (ac) "UCC" means the Uniform Commercial Code as in effect in the State of California from time to time. (ad) "Unit" means an item of Equipment.

Rent Factor means the Rent Factor applicable to each Schedule which is set forth on the cover page of this Lease. (aa) "RENTAL PAYMENT" means, for any Schedule, the monthly rent payment for the Units identified in such Schedule. (bb) "RESIDUAL VALUE" has the meaning set forth in Paragraph 22(b) of this Lease. (cc) "SCHEDULE" means a schedule in the form of Exhibit F to this Lease identifying this Lease and incorporating this Lease by reference, which is executed by both parties hereto. (dd) "UCC" means the Uniform Commercial Code as in effect in the State of California from time to time. (ee) "UNIT" means an item of Equipment.

Rent Factor as used in this Lease is defined as 7.56%.

Rent Factor means the then current Base Annual Rental divided by the aggregate Purchase Price.

Rent Factor means the percentage which, when multiplied by the Fair Market Value of the Premises, equals the triple net rental rate at which a willing lessor and lessee would lease the Premises for the term and upon the conditions set forth in this Lease.