Rent Differential Amount definition

Rent Differential Amount is defined in Section 3.3.
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Rent Differential Amount means, as of any Rent Payment Date, the absolute value of the difference between (i) the aggregate amount of interest due and payable on such Rent Payment Date on the Certificates (or due and payable on the next following or next preceding Business Day, as the case may be, if such date shall not constitute a Business Day) and (ii) the Assumed Interest Amount with respect to such Rent Payment Date. If, as of such Rent Payment Date, the amount determined in accordance with clause (i) of the immediately preceding sentence shall be greater than the amount determined in accordance with clause (ii) of such sentence, the amount of Interim Rent or Basic Rent payable on such Rent Payment Date shall be increased by the Rent Differential Amount. If, as of such Rent Payment Date, the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Interim Rent or Basic Rent due on such Rent Payment Date shall be decreased (but not below zero) by the Rent Differential Amount.
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Rent Differential Amount means Three Hundred Sixteen Thousand Three Hundred Ten and 50/100 Dollars ($316,310.50).
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Examples of Rent Differential Amount in a sentence

  • In calculating the present value of the Rent Differential Amount, a seven and one-half (7.5%) discount rate shall be utilized.

  • The Owner agrees that there shall be no outside storage on the Lands other than as provided in Paragraph 3 of this Agreement.

  • The Management Fee payable under the Lease as part of Tenant’s Operating Expenses shall be calculated based only upon the Monthly Rent payable by Tenant excluding any Clause (b) Rent or the Rent Differential Amount (except that the Management Fee shall be part of the calculation in determining the Rent Differential Amount) or any other sums paid by Tenant in connection with the termination of the Lease as to the Front Building.

  • Notwithstanding anything above to the contrary, Tenant shall have the right, upon at least thirty (30) days prior written notice to Landlord, to prepay the then entire Rent Differential Amount to Landlord at any time after the August 1, 2011, with the prepayment amounts set forth in Schedule “1” attached hereto.

  • The outstanding balance of the Rent Differential Amount shall bear interest at the rate of seven and one-half percent (7.5%) per annum commencing as of August 1, 2011.

  • If, as of such Lease Period Date, the amount determined in accordance with clause (i) of the immediately preceding sentence shall be greater than the amount determined in accordance with clause (ii) of such sentence, the amount of Basic Rent due and payable on such Lease Period Date shall be increased by the Rent Differential Amount.

  • If, as of such Lease Period Date the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Basic Rent due on such Lease Period Date shall be decreased (but not below zero) by the Rent Differential Amount.

  • Accordingly, each installment of Basic Rent shall be increased or decreased (but not below zero), as the case may be, by the Rent Differential Amount (as defined herein).

  • In addition, the above amounts do not include the Rent Differential Amount, which is calculated and payable in accordance with Section 4 and Schedule “1” of this Second Amendment.


More Definitions of Rent Differential Amount

Rent Differential Amount means, as of any Lease Period Date, the absolute value of the difference between (i) the aggregate amount of interest actually due and payable on such Lease Period Date on each Series of Equipment Notes (or due and payable on the next following Business Day if such date shall not constitute a Business Day) and (ii) the Assumed Interest Amount for such Lease Period Date. If, as
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Rent Differential Amount means, as of any Lease Period Date, the absolute value of the difference between (i) the aggregate amount of interest actually due and payable on such Lease Period Date on the Certificates (or due and payable on the next following Business Day if such date shall not constitute a Business Day (unless, so long as the Original Loan Participant shall hold a Certificate, such succeeding Business Day is in the next calendar month, in which case the payment date shall be the next preceding Business Day)) and (ii) the aggregate amount of interest on the Certificates that would have been due and payable on such date if the Certificates had borne interest at the Assumed Interest Rate. If, as of such date, the amount determined in accordance with clause (i) of the immediately preceding sentence shall be greater than the amount determined in accordance with clause (ii) of such sentence, the amount of Basic Rent payable on such date shall be increased by the Rent Differential Amount. If, as of such date, the amount determined in accordance with such clause (ii) shall exceed the amount determined in accordance with such clause (i), the amount of Basic Rent due on such date shall be decreased (but not below zero) by the Rent Differential Amount.
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Related to Rent Differential Amount

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Interest Differential is defined in Section 3.4.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Initial Amount means, with respect to the Proposition 1A Receivable, the amount of property tax revenue reallocated away from the Seller pursuant to the provisions of Section 100.06 of the Revenue and Taxation Code, as certified by the County Auditor pursuant to the Act.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of the Sublease.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Adjusted Nominal Amount means the Total Nominal Amount less the Nominal Amount of all Bonds owned by a Group Company or an Affiliate, irrespective of whether such person is directly registered as owner of such Bonds.

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Percentage Rent As defined in Subsection 3.1(b).

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group I Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group II Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans and the Group II Mortgage Loans, in each case, weighted on the basis of the outstanding Stated Principal Balances of the related Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Component Notional Amount Not applicable.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Class A-X Notional Amount With respect to any Distribution Date, an amount equal to the aggregate Scheduled Principal Balance of the Non-Discount Mortgage Loans.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Lessee's Share is defined, for purposes of this Lease, as the percentage set forth in paragraph 1.10 of the Basic Lease Provisions, which percentage has been determined by dividing the approximate square footage of the Premises by the total approximate square footage of the rentable space contained in the Office Building Project. It is understood and agreed that the square footage figures set forth in the Basic Lease Provisions are approximations which Lessor and Lessee agree are reasonable and shall not be subject to revision except in connection with an actual change in the size of the Premises or a change in the space available for lease in the Office Building Project.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”