Net Rental Payments means the total amount of rent payable by the lessee after excluding amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges.
Net Rental Payments under any lease for any period means the sum of the rental and other payments required to be paid in such period by the lessee thereunder, not including, however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental) on account of maintenance and repairs, insurance, taxes, assessments or similar charges.
Net Rental Payments under any lease for any period means the sum of the rental and other payments required to be paid in such period by the lessee thereunder, not including, however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental payments) on account of maintenance and repairs, insurance, taxes, assessments or similar charges required to be paid by such lessee thereunder or any amounts required to be paid by such lessee thereunder contingent upon the amount of sales, maintenance and repairs, insurance, taxes, assessments or similar charges.
Examples of Net Rental Payments in a sentence
We also verified that Net Rental Payments in fiscal year 2016 were equal to 125% of Debt Service on all CFC bonds outstanding.
Women must deal with emergency healthcare issues of their children while maintaining normal work hours given thelack of onsite care services.
Grounds for disciplinary action include the conduct set forth in 26 V.S.A. §§ 1354, 1398, 1739a and 18 V.S.A. § 1852.
Directly or indirectly become or remain liable as lessor or guarantor or other surety with respect to any Operating Lease unless, at the end of then current fiscal quarter the aggregate of all Net Rental Payments under such Operating Leases and all other Operating Leases for the period of four consecutive fiscal quarters then ended (taken as a cumulative whole) shall not exceed 1.25% of Consolidated Gross Revenues for such period.
Additionally, under the Bond Indenture, the Net Rental Payments in each fiscal year are required to equal at least 125% of the debt service on all CFC bonds outstanding, as defined in the CONRAC agreements.
More Definitions of Net Rental Payments
Net Rental Payments means, with respect to any lease for any period, the sum of the rental and other payments required to be paid in such period by the lessee thereunder, but not including, however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental) on account of maintenance and repairs, insurance, taxes, assessments, water rates, indemnities or similar charges required to be paid by such lessee thereunder or any amounts required to be paid by such lessee thereunder contingent upon the amount of sales, earnings or profits or of maintenance and repairs, insurance, taxes, assessments, water rates, indemnities or similar charges; provided, however, that, in the case of any lease which is terminable by the lessee upon the payment of a penalty in an amount which is less than the total discounted net rental payments required to be paid from the later of the first date upon which such lease may be so terminated and the date of the determination of net rental payments, “net rental payments” shall include the then current amount of such penalty from the later of such two dates, and shall exclude the rental payments relating to the remaining period of the lease commencing with the later of such two dates.
Net Rental Payments under any lease for any period shall mean the sum of monies and other payments required to be paid by the lessee under such lease as rent thereunder, not including, by way of example, amounts payable by the lessee for maintenance and repairs, financing services, insurance, taxes, assessments and similar charges and for contingent rents (such as those based on sales).
Net Rental Payments means, with respect to any lease for any period, the sum of the rental and other payments required to be paid in such period by the lessee thereunder, but not including, however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental) on account of maintenance and repairs, insurance, taxes, assessments, water rates, indemnities or similar charges required to be paid by such lessee thereunder or any amounts required to be paid by such lessee thereunder contingent upon the amount of sales, earnings or profits or of maintenance and repairs, insurance, taxes, assessments, water rates, indemnities or similar charges; provided, however, that, in the case of any lease which is terminable by the lessee upon the payment of a penalty in an amount which is less than the total discounted net rental payments required to be paid from the later of the first date upon which such lease may be so terminated and the date of the determination of net rental payments, "net rental payments" shall include the then current amount of such penalty from the later of such two dates, and shall exclude the rental payments relating to the remaining period of the lease commencing with the later of such two dates.
Net Rental Payments means, under any lease of any period, the total amount of rent payable by the lessee after excluding amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges.
Net Rental Payments means the sum of the rental and other payments required to be paid in the period by the lessee under the lease, but excluding payments on account of maintenance and repairs, insurance, taxes, assessments, water rates or similar charges, and any amounts required to be paid by the lessee that are contingent upon the amount of sales, maintenance and repairs, insurance, taxes, assessments, water rates or similar charges.
Net Rental Payments means the difference between (A) Rental Payments ------------------- and (B) any cash deposits or interest reserve made (or letter of credit support provided or caused to be provided) by the Borrower or any of its Subsidiaries, in each case in connection with any lease agreement entered into with respect to any Specified Developmental Lease Transactions; provided that in no event shall Net Rental Payments in connection with any -------- lease agreement entered into in connection with any Specified Developmental Lease Transaction be less than, on any date, the scheduled payments to be made by the Borrower and its Subsidiaries in the one year period following such date under such lease agreement.
Net Rental Payments means the total amount of rent payable by the lessee after excluding amounts required to be paid on acco insurance, taxes, assessments, water rates and similar charges.