Lease Rate Percentage definition

Lease Rate Percentage means X.XX%, as bid in the proposal response. The Lease Rate Percentage is applied to the Land Value to determine the initial Base Rent for the First Lease Year and for the first year after a Market Adjustment. This percentage may not be less than the rate provided in 77-1- 905, MCA, and may be modified accordingly as part of a scheduled Market Adjustment. (The minimum is established in the Request for Proposal and is not to be less than that determined by Lessor in accordance with MCA 77-1-905. An actual number will be inserted and made part of this lease upon proposal selection.)
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Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent (minimum rent) for a given year. The percentage may be modified at any scheduled Market Adjustment, and is not to be below that rate established per § 77-1-905, MCA. During the Reduced Rent Period, the Lease Rate Percentage shall be x percent of the Land Value. After the Reduced Rent Period, and through the end of the Term, the Lease Rate Percentage shall be x percent of the Land Value.
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Lease Rate Percentage means the percent of appraised value used to determine the annual rent amount. The initial Base Rent of $45,000 was set by applying a Lease Rate Percentage of 6.7% to the current appraised value of the parcel. Lease Rate Percentage at renewal and market adjustment periods must not be below the minimum rate set in accordance with MCA 77-1-905.
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Examples of Lease Rate Percentage in a sentence

  • The amount obtained by multiplying the Land Value by the applicable Lease Rate Percentage and as periodically adjusted by the Adjustment Period Escalator.


More Definitions of Lease Rate Percentage

Lease Rate Percentage means a percentage that is applied to the Land Value to determine Base Rent for a given year. The Lease Rate Percentage means three percent (3%) of the Land Value unless adjusted at a scheduled Market Adjustment in accordance with § 77-1-905, MCA, as applicable.
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Related to Lease Rate Percentage

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Strike Percentage means 100%

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a decimal) the numerator of which is the Revolving Commitment of such Lender at such time and the denominator of which is the Aggregate Revolving Committed Amount at such time. The initial Revolving Commitment Percentages are set out on Schedule 2.1(a).

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.