Basic Rent Amount definition

Basic Rent Amount has the meaning provided in Annex A.

Basic Rent Amount means ***** such amount being based on an assumed ten year US LIBOR swap rate of 3.00%, as adjusted two (2) Business Days prior to the Delivery Date to reflect the then actual ten year US LIBOR swap rate as follows: Basic Rent Amount = *****, where “L” means the ten year US LIBOR swap rate expressed as a percentage two (2) Business Days prior to the Delivery Date.

Basic Rent Amount in Schedule 2 of each Lease shall be amended to read as set forth on Schedule 1 hereto.

Examples of Basic Rent Amount in a sentence

• Upon determination of the Basic Rent Amount pursuant to the definition thereof in Annex A, Lessor will notify Lessee of such amount to be recorded in the Technical Acceptance Certificate.

• On each Basic Rent Payment Date, Lessee will pay to Lessor as Basic Rent an amount equal to the Basic Rent Amount; provided that on the Delivery Date, Lessee shall pay to Lessor an amount equal to ***** (the “Initial Basic Rent Payment”).

• On each Basic Rent Payment Date, Lessee will pay to Lessor as Basic Rent an amount equal to the Basic Rent Amount; provided that on the Delivery Date, Lessee shall pay to Lessor an amount equal to the ***** (the “Initial Basic Rent Payment”).

• When the provisions of the Participation Agreement or this Lease refer to an amount, if any, set forth opposite a date in Exhibit D in the column with the heading "Deferred Basic Rent Amount" or "Prepaid Basic Rent Amount", as the case may be, such amount shall be equal to Lessor's Cost multiplied by the percentage, if any, set forth opposite such date in Exhibit D under the column with the heading "Deferred Basic Rent Amount" or "Prepaid Basic Rent Amount", as the case may be.

• Stipulated Loss Value, as of any date in the Base Lease Term as shown under the column entitled "Net Stipulated Loss Value" on such Schedule IV, has been increased by the amount shown on Schedule IV for such date under the column entitled "Basic Rent Amount as of Stipulated Loss Value Determination Date" (or decreased by such amount if such amount is a negative number).

More Definitions of Basic Rent Amount

Basic Rent Amount has the meaning provided in Schedule 2.

Basic Rent Amount means $125,000.00 per month for the first year of the Agreement, and $120,000.00 per month in the event the Agreement is extended beyond 30 September 2002.

Basic Rent Amount. $337,500.00, such amount being based on an assumed ten year US LIBOR swap rate of 3.00%, as adjusted two (2) Business Days prior to the Delivery Date to reflect the then actual ten year US LIBOR swap rate as follows: Basic Rent Amount = ***** where “L” means the ten year US LIBOR swap rate expressed as a percentage two (2) Business Days prior to the Delivery Date.

Basic Rent Amount means $125,000 on each Rent Payment Date before September 10, 2002, $108,500 on September 10, 2002 and $70,000 on each Rent Payment Date after September 10, 2002. * * *

Basic Rent Amount shall have the meaning set forth in Schedule 3 to the Lease Agreement.

Basic Rent Amount means US$[ ]*.

Basic Rent Amount means (i) $125,000 on each Rent Payment Date before September 10, 2002, (ii) $108,500 on September 10, 2002, (iii) $70,000 on each Rent Payment Date after September 10, 2002 but before March 10, 2003, (iv) $60,000 on March 10, 2003 and each Rent Payment Date after March 10, 2003 but before September 10, 2003, (v) $40,500 on September 10, 2003, (vi) $45,000 on each Rent Payment Date after September 10, 2003 but prior to the Termination Date of the Other Lease, (vii) on the Termination Date of the Other Lease, an amount equal to the product of $15,000 and a fraction, the numerator of which is the number of days from and including the Termination Date of the Other Lease to but excluding the next Rent Payment Date, and the denominator of which is 30 and (viii) $60,000 on each Rent Payment Date thereafter. * * *