Maximum Rent Sample Clauses

Maximum Rent. 6.4.1 The rent payable by a Sub-Tenant under a Sub-Lease must not exceed the maximum rent set out in Clause 6.4.2.
Sample 1
AutoNDA by SimpleDocs
Maximum Rent. The Maximum Rent for the Transactions under each of the Property Lease Agreements for the Relevant Periods are set out below: Lease Term / Expected Lease Term Financial Year Ending 31 December 2020 2021 2022 2023 RMB RMB RMB RMB First 1 April 2020 to 5,895,000 8,040,000 8,280,000 2,085,000 Property 31 March 2023 Lease Agreement Second 1 April 2020 to 120,150,000 163,800,000 168,712,500 42,487,500 Property 31 March 2023 Lease Agreement Third 25 December - 34,000,000 44,000,000 48,000,000 Property 2020 to Lease 24 December Agreement 2023 Fourth 1 May 2020 to 4,800,000 7,333,300 7,533,300 2,533,300 Property 30 April 2023 Lease Agreement Fifth 1 May 2020 to 6,113,300 9,356,700 9,636,700 3,243,300 Property 30 April 2023 Lease Agreement Total 136,958,300 222,530,000 238,162,500 98,349,100 The Maximum Rent above for each of the Property Lease Agreements are determined with reference to the aggregate rents to be received under each of the Property Lease Agreements for each Relevant Period. Accordingly, the Aggregate Maximum Rent under the Property Lease Agreements for each Relevant Period is RMB136,958,300, RMB222,530,000, RMB238,162,500 and RMB98,349,100, respectively. The Directors (including the independent non-executive Directors) are of the view that the Maximum Rents for each of the Property Lease Agreements for each Relevant Period is on normal commercial terms and fair and reasonable.
Sample 1
Maximum Rent. The Rental Subsidy for each Contract Unit, as may be adjusted from time to time by DCHA in accordance with Section 6, may at no time exceed reasonable rent, as determined by DCHA, charged for comparable units in the private unassisted market.
Sample 1
Maximum Rent. Notwithstanding anything else to the contrary in this Agreement, Units with respect to which the annual rent collected (exclusive of any reimbursements or other charges) is greater than 30% of 165% of AMI will not be included in the calculation of the number of Affordable Units pursuant to Section 3.2(a), except that the Owner may include Units with two-year leases charging a rent in compliance with this Agreement and any greater amount permitted by the definition of “Tier 1 Preferential Rent” in Section 1.1 as Future Affordable Units. For the avoidance of doubt, this maximum rent limit will be tested only upon initial occupancy and lease renewal (or as of the date of any required renewal notice, if earlier) with respect to an Affordable Unit and will not be affected by any decrease in AMI during the term of a lease of any Affordable Unit; provided that the Owner shall not include a Unit as an Affordable Unit if during the term of a lease the rent collected is above the 30% of 165% of AMI limit that was in effect as of the date of including the Unit as an Affordable Unit (except that the Owner may include Units with two-year leases charging a rent in compliance with this Agreement and any greater amount permitted by the definition of “Tier 1 Preferential Rent” in Section 1.1 as Affordable Units).
Sample 1
Maximum Rent the rent payable for the Employee Unit must not exceed the Maximum Rent for the Employee Unit;
Sample 1

Related to Maximum Rent

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Additional Rent In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent (“Additional Rent”): (i) Tenant’s Share of “Operating Expenses” (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period.

  • Percentage Rent In addition to the Base Rent, Lessee shall be: (check one) ☐ - Not required to make payments related to Lessee’s sales or revenue (“Percentage Rent”). ☐ - Required to pay __________________ percent (____%) of __________________ (gross sales, net sales, etc.). Such payment shall be made ☐ Monthly ☐ Quarterly ☐ Annually along with a receipt to show proof of percentage calculation (“Percentage Rent”). The Base Rent and the Percentage Rent shall be referred collectively to as the “Rent.”

  • Annual Rent LESSEE covenants and agrees to pay as rent to LESSOR the sum of ($ ) per annum, on or before the Anniversary Date each year; provided, however, that the payment of rent for the first year of this lease shall be due at the time of approval by the Board of Education. The obligation of LESSEE to pay rent under this Lease Agreement is unconditional, and the rent shall not be subject to set off for any reason or cause. LESSOR and LESSEE agree that in the event of termination or cancellation, any rental payment made during the term of this Lease Agreement is not refundable, and LESSEE waives any right or claim it may have to refund of rent paid. Rents shall be readjusted periodically pursuant to the rent adjustment clause contained in Paragraph 3 of this lease. In the event LESSEE is delinquent in the payment of rent, LESSEE shall pay a late charge equal to fifteen percent (15%) of the amount of rent past due for more than 30 days and thereafter shall pay interest on any rent past due at an annual rate (the “Default Rate”) equal to the maximum rate then allowed by law or, if there is no maximum rate, then a rate equal to five percent per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve Bank in the Federal Reserve district in which LESSOR is located, calculated according to the actuarial method.

  • Rent The Tenant shall pay the Landlord, in equal monthly installments, $ ("Rent"). The Rent shall be due on the of every month (“Due Date”) and paid under the following instructions: .

  • THE RENT Rent: £0.00 (zero pounds) per calendar month subject to any further provisions within this Tenancy Agreement Payable: each month in advance First Payment: Payment of £0.00 shall be made to the Landlord’s Agent in cleared funds by the 29th day of January 2022 which is 72 hours prior to the commencement of the Tenancy* Subsequent payments: Payable monthly in advance on the 31st day of each month, by one standing order, to be received on or before the 31st day or each month, payable to Choose an item. Please see Tenancy Terms and Conditions for bank account details.

  • Late Rent If Rent is not paid within days of the Due Date, the Rent shall be considered past due and a late fee of ☐ $ or ☐ % of the Rent past due shall be applied for every ☐ day Rent is late or ☐ occurrence Rent is late.

Time is Money Join Law Insider Premium to draft better contracts faster.