Accrual Rent definition

Accrual Rent means, individually or collectively, Series A Accrual Rent, Series B Accrual Rent, Series C Accrual Rent and Lessor’s Interest Related Accrual Rent.
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Accrual Rent means, with respect to each Rent Period, an amount equal to interest accrued on the Lease Balance outstanding during such period at the Interest Rate.
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Accrual Rent means the portion of Basic Rent that is described in Section 3.5 of the Master Lease.
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Examples of Accrual Rent in a sentence

  • The obligations secured hereby shall include, without limitation, all Basic Rent, Accrual Rent and Fixed Rent as well as all Supplemental Rent due from Lessee/Mortgagor under the Master Lease.

  • On each Payment Date during the Lease Term, Lessee shall pay to Agent for the benefit of Lessor, a payment of rent consisting of (i) Capital Rent (other than with respect to the initial Payment Date on which Lessee shall pay only Accrual Rent) and (ii) Accrual Rent (collectively, “Basic Rent”).

  • With respect to each determination of Accrual Rent under the Lease, Lessee agrees to be bound by Section 2.9 hereof and the applicable definition in Article I hereof.

  • The maximum amount of advances, exclusive of interest thereon (whether or not identified as interest and including specifically all Accrual Rent under the Master Lease), and exclusive of advances made for the payment of real estate taxes, assessments, insurance premiums and costs incurred for the protection of the Security Property, all of which are also secured by this Supplement, which may be outstanding at any time is One Hundred Twenty Million and 00/100 Dollars ($120,000,000.00).

  • Each determination of Accrual Rent pursuant to any provision of this Lease or any of the other Operative Documents shall be conclusive in the absence of manifest error.

  • All computations of Accrual Rent and other accrued amounts (including, without limitation, the Overdue Rate), in each case pursuant to the Operative Documents shall be made on the basis of a 360-day year and the actual days elapsed for Accrual Rent calculated by reference to the LIBO Rate.

  • Except as otherwise provided in Section 6.5, on each Payment Date during the Lease Term, Lessee shall pay to Agent, for the benefit of Lessor, a payment of rent consisting of (i) Capital Rent and (ii) Accrual Rent (collectively, "Basic Rent").

  • Thereafter on each Payment Date during the remaining Lease Term, Lessee shall pay to Trustee, for the benefit of the Certificate Purchasers, an installment payment of rent consisting of (a) Capital Rent as set forth opposite the applicable Payment Date on Schedule II to each Lease Supplement and (b) Accrual Rent for the applicable Rent Period on the outstanding Lease Balance (collectively, "BASIC RENT").

  • The obligations secured hereby shall include, without limitation, all Basic Rent, Accrual Rent and Fixed Rent as well as all Supplemental Rent due from Mortgagor under the Master Lease.

  • Each Tranche I Lessor shall have received from ------------ Lessee a Certificate duly executed by Lessee and registered in such Tranche I Lessor's name evidencing such Tranche I Lessor's right to receive Accrual Rent, Capital Rent and the Lease Balance set forth on such Lessor's Payment Schedule, and Supplemental Rent, in each case as provided in this Lease, or, in the event of a foreclosure on any or all of the Collateral, in accordance with Section 8.4(c).


More Definitions of Accrual Rent

Accrual Rent means, individually or collectively, Series A Accrual Rent, Series B Accrual Rent and Series C Accrual Rent.
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Accrual Rent means, for any Payment Date after the Base Term Commencement Date on which Base Rent is due under the Lease, an amount equal to the sum of the aggregate amount of Yield payable under the Operative Documents on such date on the Participant Interest Contribution Amount and the Lessor Amount in respect of the applicable Interest Period.
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Accrual Rent payable on any Scheduled Payment Date means an amount equal to (w) the Aggregate Property Cost outstanding on the immediately preceding Scheduled Payment Date, after giving effect to all payments made on such preceding Scheduled Payment Date (or, in the case of the initial Scheduled Payment Date, the Aggregate Property Master Lease Cost outstanding on the Acquisition Date) minus all payments of Termination Base Amount made during the Rent Period ending on such Scheduled Payment Date multiplied by (x) the Applicable Rate multiplied by (y) the number of days then elapsed since the Scheduled Payment Date immediately preceding such date multiplied by (z) 1/360.
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Related to Accrual Rent

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • 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.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

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

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

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • 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).

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

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

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.