Common use of Definition of Rental Clause in Contracts

Definition of Rental. The term “Rental” shall be deemed to be the minimum monthly rental, Additional Rental, and all other sums required to be paid by Tenant pursuant to the terms of this Lease, including after-accruing sums. All sums, for the purpose of calculating any amount due under the provisions of Sections 20.2(b) and 20.2(c) above, shall be computed on the basis of the average monthly amount accruing during the immediately preceding sixty (60) month period, except that if it becomes necessary to compute these sums before a sixty (60) month period has elapsed during the Term, then these sums shall be computed on the basis of the average monthly amount accruing during the shorter period.

Appears in 4 contracts

Samples: Office and Warehouse Lease (Tilly's, Inc.), Office and Warehouse Lease (Tilly's, Inc.), Office and Warehouse Lease (Tilly's, Inc.)

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Definition of Rental. The For purposes of this Article 17 only, the term “Rental” "rental" shall be deemed to be the minimum monthly rentalMinimum Annual Rent, Additional Rental, Rent and all other sums required to be paid by Tenant pursuant to the terms of this Lease, including after-accruing sums. All sums, other than Minimum Annual Rent, shall, for the purpose of calculating any amount due under the provisions of Sections 20.2(b) and 20.2(cSection 17.2(c) above, shall be computed on the basis of the average monthly amount accruing during the immediately preceding sixty (60) month period, except that if it becomes necessary to compute these sums before a the sixty (60) month period has elapsed during the Termoccurred, then these sums shall be computed on the basis of the average monthly amount accruing during the shorter period.

Appears in 1 contract

Samples: Retail Lease (Arizona Furniture Co)

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