Termination Rent definition

Termination Rent means an amount which, when added to the Stipulated Casualty Value and Basic Rent then payable by the Lessee, if any, will be sufficient to enable the Company to retire, at their respective maturities, all outstanding Notes and to pay all charges, premiums and fees owed to the Issuing Bank and all holders of Notes under the Credit Agreement and to pay all other obligations of the Company incurred in connection with the implementation of the transactions contemplated by the Basic Documents.
View Source
Termination Rent means an amount calculated in accordance with paragraph 5.3 of part 5 of the Financial Schedule; "Termination Requirement" for any date falling within a Calculation Period, means:
View Source
Termination Rent means an amount which, when added to the Stipulated Loss Value then payable by the Lessee pursuant to Section 20(b) or Section 25(b) hereof, as the case may be, will be sufficient to enable the Lessor (i) to retire, at their respective maturities, all of Lessor’s then outstanding obligations under (A) any Credit Agreement, including all Commercial Paper issued thereunder and all loans obtained thereunder and (B) any Secured Note Agreement, including all Secured Notes issued pursuant thereto, and (ii) to pay all charges, premiums and fees owed to any lender under a Credit Agreement or Secured Note Agreement or to the Assignee.
View Source

Examples of Termination Rent in a sentence

  • In the event Tenant elects to pay the Termination Rent in installments, then the amount thereof shall be calculated without using the present value adjustment.

  • If Landlord elects to terminate this Lease, then Landlord shall be entitled solely to recover from Tenant the Early Termination Rent Obligation, plus interest on any past due rent or other monetary payments past due hereunder at the rate of 10% per annum, plus any other direct damages incurred by Landlord that are proximately caused by Tenant's failure to perform its obligations under this Lease;.

  • Accordingly and without limiting the generality of the foregoing, to the extent that the amount of any Rent exceeds the Rent Limit or the amount of any Termination Rent exceeds the Termination Limit each of PPC and Bluewater Energy shall be obliged to make payment of the relevant excess in full and the Lessor shall have full recourse to each of PPC and Bluewater Energy and to their respective assets to the extent that such payment is not made.

  • Any contrary provisions of this Lease notwithstanding, on the last day of the term of this Lease or upon any termination of this Lease, whether under Article 15 above or otherwise, if the Early Termination Rent Obligation has been paid, then Landlord shall reconvey title to the Premises (including all improvements constituting a part thereof) to Tenant or Tenant’s successor by Foreclosure as set forth in Section 33 below.

  • If the Early Termination Rent Obligation has been paid in full within such 30-day period, then Landlord shall execute and deliver to the person entitled thereto, a deed reconveying title to the Premises (including all improvements constituting a part thereof) to Tenant, the Leasehold Mortgagee or Tenant’s successor by Foreclosure, as applicable, and Landlord shall comply with the obligations under Article 31.

  • On the Settlement Date (time being of the essence), Lessee shall be obligated to pay or cause to be paid to Lessor as the purchase price for Nuclear Fuel an amount equal to the sum of (i) the Stipulated Loss Value of the Nuclear Fuel as of the Settlement Date plus (ii) the Termination Rent, if any, on the Settlement Date.

  • If Landlord provides the Termination Rent Statement to Tenant later than as set forth above, then Tenant's failure to pay the amount set forth in the Termination Rent Statement before the Termination Date shall not extend the termination of this Lease pursuant to this paragraph beyond the Termination Date, but Tenant shall nevertheless be required to pay the amount set forth in the Termination Rent Statement within thirty (30) days of receipt thereof.

  • The Acceleration Rent shall be subject to adjustment in accordance with Part 4 of the Financial Schedule as if it were a Termination Rent.

  • Landlord acknowledges and agrees that: (i) the Credits are hereby applied to the Termination Rent due under the Lease; (ii) the Credits, together with the Termination Payment, constitute the full amount of Termination Rent due under the Lease; and (iii) Tenant has satisfied its obligations under the Lease for payment of the Termination Rent.

  • If Landlord has not delivered to Tenant the Termination Rent Statement and/or the Post Termination Statement by the end of the Post Termination Period, Landlord shall have no further right to make any claim for payment of any sums payable by Tenant to Landlord pursuant to this Lease other than the Fee, if any, and the sums set forth in whichever Statement, if any, that has been delivered to Tenant by the end of the Post Termination Period.


More Definitions of Termination Rent

Termination Rent means an amount calculated in accordance with paragraph 4.3 of the Financial Schedule;
View Source
Termination Rent means an amount which, when added to the amounts specified in subclauses (i) and (ii) of clause (y) of the second sentence of Section 19(b), in the case of Section 19(b), or added to the amounts specified in subclauses (i) and (ii) of clause (x) of Section 24(b)(ii)(B), in the case of Section 24(b)(ii)(B), will be sufficient to enable the Lessor (i) to retire, pursuant to the terms of the Basic Documents, all of the Lessor's then outstanding obligations under (A) all Note Purchase Agreements, including all IT Notes issued pursuant thereto, (B) the Credit Agreement, including all notes issued thereunder to Banks, and (C) all Commercial Paper, (ii) to pay all charges, premiums and fees owed to all holders of IT Notes under the Note Purchase Agreements applicable thereto and the Banks under the Credit Agreement and (iii) to pay all other obligations of the Lessor incurred in connection with the implementation of the transactions contemplated by the Basic Documents.
View Source
Termination Rent means an amount which, when added to the Stipulated Loss Value then payable by Lessee pursuant to Section 17(d) or Section 19(b) of the Fuel Lease, as the case may be, together with funds available to Lessor from the Collateral Account, will be sufficient to enable Lessor (i) to retire, at their respective maturities, all of Lessor’s then outstanding obligations under (A) all Note Purchase Agreements, including all Notes issued pursuant thereto, and (ii) to pay all charges, premiums and fees owed to all holders of Notes under the Note Purchase Agreements applicable thereto and to any Assignees thereof.
View Source

Related to Termination Rent

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent