Rental Factor definition

Rental Factor means the average 20-year US Treasury Bond yield for the

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Rental Factor means 100% until the first anniversary of the date of the grant of the Lease; 75% from such date until the second anniversary of the date of grant of the Lease and 50% thereafter

Rental Factor. Eleven percent (11%) (See Section 15.03) Actual Cash Value: $10,300,000 (See Section 5.02 and 1.01(b))

Examples of Rental Factor in a sentence

The Rental Payment under a particular Equipment Schedule shall be an amount equal to the product of (a) the Rental Factor and (b) the aggregate Lessor's Cost of Equipment subject to such Equipment Schedule.
The Interim Rate used to calculate the daily Interim Rent shall be equal to the Rental Factor for each Equipment Schedule divided by thirty (30).
Once the Lease Term commences for any Equipment Schedule, there will be no further adjustments to the Rental Factor for such Equipment Schedule.
The Monthly Rental Factor shall be adjusted by Lessor to provide for any increase in the yield of the Index Instrument on the Commencement Date of this Schedule.
For a 10 basis point movement in the LIBOR swap rate, Lessor may adjust the Rental Factor(s) by the Rental Factor Change Rate set forth on the Lease.
For purposes of clarity, the parties hereby acknowledge and agree that the Tranche B Rental Factor (as defined in Section 3.5.3 of the Master Lease) shall be calculated as being compounded annually.
For the purposes hereof, the “Tranche A Rental Factor” means (i) six and nine-tenths percent (6.9%) per annum for the first Lease Year following the Effective Date and (ii) for each Lease Year thereafter occurring during the Term, the Tranche A Rental Factor shall be increased by three percent (3.0%) per annum compounded annually.
The Base Term Rental Factor has been determined based on an interest rate swap rate for a term corresponding to the maturity of this Lease as quoted in the Federal Reserve Statistical H15 Release and (B) such Base Term Rental Factor may be adjusted up or down (as appropriate) by Lessor based upon a corresponding interest rate swap rate quoted in such Release as in effect on the Delivery and Acceptance Date.
As used in this Section "Interim Rent" for components shall equal the product of: (i) the aggregate acquisition cost of the components, multiplied by (ii) a fraction having a numerator equal to the number of days such components are under lease during such month and a denominator of 360, multiplied by (iii) the Percentage Rental Factor as provided for in Subsection 1(s)(3).
If the Commencement Date of Lease occurs after this time, the Rental Factor will be adjusted for every basis point change in the Swap Rate from the date on the Lease to the Commencement Date of Lease.

More Definitions of Rental Factor

Rental Factor means an amount equal to the product of (A) the Fixed Rent and the Estimated Additional Rent (as hereinafter defined) reserved under this Lease for the remainder of the Term following the effective date of any of the transactions referred to in clauses (i), (ii) or (iii) of this Section 7.1(b), multiplied by (B) (1) ten (10) if such transaction shall occur during the period from the Effective Date of the Second Amendment to Lease to the date immediately prior to the Expiration Date of the initial Term of this Lease, (2) five

Rental Factor. The Rental Factor shall be set forth in the Summary of Equipment Schedule. 6. Rental Payments: The amount of the monthly Rental Payments, calculated in accordance with the Lease Line Schedule and payable monthly in advance, shall be set forth in the Summary of Equipment Schedule. Payments shall be made to Lessor's address set forth in the Lease Line Schedule. 7. Rental Payment Dates: First day of each calendar month. 8.

Rental Factor. The rental amount, expressed as a percentage of total equipment cost (including Soft Costs, "Equipment Cost"), is 3.542% per month, payable on the 1st day of each, based on a Lease Rate Factor of .03542. These numbers are premised on the assumptions described below at "Soft Costs" and "Adjustment of Rental Factor."

Rental Factor. The Rental Factor shall be set forth in the Summary of Equipment Schedule.