Common use of Accelerated Rent Component Clause in Contracts

Accelerated Rent Component. For purposes hereof, the Accelerated -------------------------- Rent Component shall mean the aggregate of: (i) all Base Rental, Additional Rental and Other Charges due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component; (ii) the Base Rental reserved for the then entire unexpired balance of the Term (taken without regard to any early termination of the Term by virtue of any default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of the Term which shall be capable of precise determination at the time of Landlord's election to recover the Accelerated Rent Component, discounted to present value at the rate of five percent (5%) per annum; and (iii) Landlord's good faith estimate of the Additional Rental and Other Charges herein agreed to be paid by Tenant up to the end of the Term which shall not be capable of precise determination as aforesaid (and for such purposes no estimate of any component of Additional Rental or Other Charges to accrue pursuant to the provisions of this Lease shall be less than the amount which would be due if each such component continued at the highest monthly rate or amount in effect during the twelve (12) months immediately preceding the default), discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Sources: Lease Agreement (Ashton Technology Group Inc)

Accelerated Rent Component. For purposes hereof, hereof the Accelerated -------------------------- Rent Component shall mean the aggregate of: (i) all Base Rental, Additional Rental and Other Charges due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component;, (ii) the Base Rental reserved for the then entire unexpired balance of the Term (taken without regard to any early termination of the Term by virtue of any default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of the Term which shall be capable of precise determination at the time of Landlord's election to recover the Accelerated Rent Component, discounted to present value at the rate of five percent (5%) per annum; and (iii) Landlord's good faith estimate of the Additional Rental and Other Charges herein agreed to be paid by Tenant up to the end of the Term which shall not be capable of precise determination as aforesaid (and for such purposes no estimate of any component of Additional Rental or Other Charges to accrue pursuant to the provisions of this Lease shall be less than the amount which would be due if each such component continued at the highest monthly rate or amount in effect during the twelve (12) months immediately preceding the default), discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Sources: Commencement Date Agreement (PSB Bancorp Inc)

Accelerated Rent Component. For purposes hereof, the "Accelerated -------------------------- Rent Component Component" shall mean the aggregate of: (i) all Base Rentalrent and other charges, Additional Rental payments, costs and Other Charges expenses due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component; (ii) the Base Rental minimum rent reserved for the then entire unexpired balance of the Term term of this Lease (taken without regard to any early termination of the Term term by virtue of any defaultan Event of Default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of the Term such term which shall be capable of precise determination at the time of Landlord's election to recover the Accelerated Rent Component, discounted to present value at the rate of five percent (5%) per annum; and (iii) Landlord's good faith estimate of the Additional Rental all charges, payments, costs and Other Charges expenses herein agreed to be paid by Tenant up to the end of the Term such term which shall not be capable of precise determination as aforesaid (and for such purposes no estimate of any component of Additional Rental or Other Charges additional rent to accrue pursuant to the provisions of this Lease Paragraph 4 hereof shall be less than the amount which would be due if each such component continued at the highest monthly rate or amount in effect during the twelve ([12) ] months immediately preceding the defaultEvent of Default). Provided, however that the amounts described in Subsections (ii) and (iii) above shall be discounted to present value (as of the date of receipt) at the rate of five two percent (52%) per annumbelow the then existing "prime rate" established by First Union National Bank, Philadelphia, Pennsylvania, or its successor.

Appears in 1 contract

Sources: Office Lease (CTN Media Group Inc)

Accelerated Rent Component. For purposes hereof, the Accelerated -------------------------- Rent Component shall mean the aggregate of: (i1) all Base Rentalrent and other charges, Additional Rental payments, costs and Other Charges expenses due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component; (ii2) the Base Rental minimum rent reserved for the then entire unexpired balance of the Term term of this Lease (taken without regard to any early termination of the Term term by virtue of any default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of the Term said term which shall be capable of precise determination at the time of Landlord's election to recover the Accelerated Rent Component, discounted to present value at the then existing prime rate of five percent CoreStates Bank, N.A., Philadelphia; and (5%) per annum; and (iii3) Landlord's good faith estimate of the Additional Rental all charges, payments, costs and Other Charges expenses herein agreed to be paid by Tenant up to the end of the Term said term which shall not be capable of precise determination as aforesaid (and for such purposes no estimate of any component of Additional Rental or Other Charges additional rent to accrue pursuant to the provisions of this Lease Section 4 hereof shall be less than the amount which would be due if each such component continued at the highest monthly rate or amount in effect during the twelve (12) months immediately preceding the default), discounted to present value at the rate of five percent (5%) per annum.less

Appears in 1 contract

Sources: Office Lease (Aquantive Inc)

Accelerated Rent Component. For purposes hereof, the "Accelerated -------------------------- Rent Component Component" shall mean the aggregate of: (i) all Base Rentalrent and other charges, Additional Rental payments, costs and Other Charges expenses due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component; (ii) the Base Rental minimum rent reserved for the then entire unexpired balance of the Term term of this Lease (taken without regard to any early termination of the Term term by virtue of any defaultan Event of Default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of the Term such term which shall be capable of precise determination at the time of Landlord's election to recover the Accelerated Rent Component, discounted to present value at the rate of five percent (5%) per annum; and (iii) Landlord's good faith estimate of the Additional Rental all charges, payments, costs and Other Charges expenses herein agreed to be paid by Tenant up to the end of the Term such term which shall not be capable of precise determination as aforesaid (and for such purposes no estimate of any component of Additional Rental or Other Charges additional rent to accrue pursuant to the provisions of this Lease Paragraph 4 hereof shall be less than the amount which would be due if each such component continued at the highest monthly rate or amount in effect during the twelve ([12) ] months immediately preceding the defaultEvent of Default), discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Sources: Office Lease (Magainin Pharmaceuticals Inc)

Accelerated Rent Component. For purposes hereof, the "Accelerated -------------------------- Rent Component Component" shall mean the aggregate of: (iA) all Base Rentalrent and other charges, Additional Rental payments, costs and Other Charges expenses due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component; (iiB) the Base Rental minimum rent reserved for the then entire unexpired balance of the Term term of this Lease (taken without regard to any early termination of the Term term by virtue of any defaultan Event of Default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of the Term such term which shall be capable of precise determination at the time of Landlord's election to recover the Accelerated Rent Component, discounted to present value at the rate of five percent (5%) per annum; and (iiiC) Landlord's good faith estimate of the Additional Rental all charges, payments, costs and Other Charges expenses herein agreed to be paid by Tenant up to the end of the Term such term which shall not be capable of precise determination as aforesaid (and for such purposes no estimate of any component of Additional Rental or Other Charges additional rent to accrue pursuant to the provisions of this Lease Paragraph 4 hereof shall be less than the amount which would be due if each such component continued at the highest monthly rate or amount in effect during the twelve ([12) ] months immediately preceding the defaultEvent of Default), discounted to present value at the rate of five percent (5%) per annum.

Appears in 1 contract

Sources: Office and Cafeteria Lease (BioMed Realty Trust Inc)