Accrued Rent definition

Accrued Rent means in respect of any LME Warrant and any day, the rent payable pursuant to the terms of such LME Warrant as at such day then accrued and unpaid.
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Accrued Rent. (a) For the period from the Effective Date through April ------------ 30, 2004, zero (0) and (b) for a particular Rent Calculation Year thereafter, an amount equal to (i) the Base Rent for such Rent Calculation Year, less (ii) the Current Rent for such Rent Calculation Year. One twelfth (1/12th) of the Accrued Rent for a particular Rent Calculation Year shall be deemed earned by Lessor on the first (1st) day of each month during such year.
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Accrued Rent. Any amount of Base Rent or Percentage Rent that is not paid by Lessee as and when the same becomes due and payable under the terms of this Lease, which Accrued Rent shall bear interest at the Base Rate until paid or otherwise discharged in accordance with this Lease.
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Examples of Accrued Rent in a sentence

  • In the first Extended Term, Base Rent, Current Rent and Accrued Rent shall be calculated using the method applicable during the last year of the Fixed Term.

  • During any such six (6) month period all the provisions of this Lease shall remain in full force and effect and Base Rent, Current Rent and Unpaid Accrued Rent shall not be abated or reduced during such period of taking.

  • Tenant shall have the right to prepay all or any portion of the Unpaid Accrued Rent at any time, provided, however, that any such -------- ------- prepayment shall be applied first to any past due amounts owing under this Lease (including, without limitation, any amounts due and owing as the result of an Event of Default) and the balance to Unpaid Accrued Rent in the reverse order of accrual (i.

  • The Rent shall be paid absolutely net to Lessor, --------- without any rights of deduction, set-off or abatement, so that this Lease shall yield to Lessor the full amount of the installments of Current Rent, Unpaid Accrued Rent and Additional Charges, throughout the Term, including, without limitation, any Extended Terms.

  • Tenant shall pay to Lessor, in lawful money of the ---- United States of America which shall be legal tender for the payment of public and private debts, at Lessor's address set forth in Section 34.1 below or at ------------ such other place or to such other person(s), firm(s) or corporation(s) as Lessor from time to time may designate in writing, Current Rent, Unpaid Accrued Rent and Additional Charges during the Term, including, without limitation, any Extended Terms, as hereinafter provided.

  • If Tenant provides -------------------------------------- or arranges such financing, there shall be no adjustment in Base Rent, Current Rent or Unpaid Accrued Rent by reason of any such Capital Alteration.

  • Notwithstanding anything contained herein to the contrary, Excess Monthly Deposit Credits shall, upon their creation, be applied first, to reduce and satisfy any Accrued Rent and all accrued and unpaid interest thereon, until all Accrued Rent has been satisfied in full.

  • In the event Tenant so elects to forego its aforesaid reimbursement from Lessor, during the Reimbursement Period, Current Rent and Accrued Rent allocable to such Facility shall be payable in the manner set forth in Section 3.1 of this Lease, but with each such component of ----------- Rent being reduced to one-half (1/2) of the respective amounts thereof that were allocable to such Facility as of the expiration of the Term as to such Facility.

  • If Tenant provides or -------------------------------------- arranges such financing, there shall be no adjustment in Base Rent, Current Rent or Unpaid Accrued Rent by reason of any such Capital Alteration.

  • The Administrative Agent shall have received subordination agreements in respect of the Accrued Rent Obligations, the Existing Insider Notes and the Existing Subordinated Notes in form and substance acceptable to the Administrative Agent.


More Definitions of Accrued Rent

Accrued Rent. (a) For the period from the Effective Date through April ------------ 30, 2004, zero (0) and (b) for a particular Rent Calculation Year thereafter, an amount equal to (i) the Base Rent for such Rent Calculation Year, less (ii) the Current Rent for such Rent Calculation Year. One twelfth (1/12th) of the Accrued Rent for a particular Rent Calculation Year shall be deemed earned by Lessor on the first (1st) day of each month during such year. The Accrued Rent shall also include, as Accrued Rent that is owing hereunder and fully earned by Lessor, all Unpaid Accrued Rent, if any, that was owing as of the Effective Date under the Original Master Lease and attributable to the Leased Properties under this Lease pursuant to Section 40.15(a)(iii) of the Original Master Lease. ---------------------
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Accrued Rent means (i) the amount of Basic Rent which would have been ------------ payable pursuant to the definition of "Basic Rent" without reduction, however, for Average Cash Collateral Balance provided for in clause (y) of such definition, less (ii) the Basic Rent actually payable pursuant to the definition of Basic Rent.
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Accrued Rent means in respect of any Warrant and any day the rent payable
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Accrued Rent means the Basic Rent that otherwise would be payable but for the provisions of Section 4.1(a) of the Lease.
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Accrued Rent means all accrued but unpaid rent on the Real Property of the Company.
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Accrued Rent means, as of any date of determination, the aggregate Accrued Supplement Rent under all of the Lease Supplements as of such date.
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Related to Accrued Rent

  • Accrued Obligations means (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 hereof, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein.

  • Accrued Obligation means the sum of (a) Executive’s Annual Base Salary through the Termination Date for periods through but not following his Separation From Service and (b) any accrued vacation pay earned by Executive, in each case, to the extent not theretofore paid.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.