Common use of Total Rent Clause in Contracts

Total Rent. For all purposes of calculating and paying Minimum Rent under this Lease, the Minimum Rent payable by Tenant in any Lease Year will not be less than the Minimum Rent paid by Tenant for the previous Lease Year.

Appears in 3 contracts

Samples: Lease Agreement (Sterling House Corp), Lease Agreement (Sterling House Corp), Lease and Security Agreement (Sterling House Corp)

AutoNDA by SimpleDocs

Total Rent. For all purposes of calculating and paying Minimum Rent and Additional Rent under this Lease, the total of the Minimum Rent plus Additional Rent payable by Tenant in any Lease Year will not be less than the total Minimum Rent plus Additional Rent paid by Tenant for the previous Lease Year.

Appears in 2 contracts

Samples: Lease and Security Agreement (Province Healthcare Co), Master Lease (Brookdale Senior Living Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!