Administrative Rent definition

Administrative Rent shall have the meaning assigned thereto in Section 4.03(c) hereof.
Administrative Rent means all "Minimum Rent", "Additional Rent", "Renewal Term Minimum Rent", "Additional Charges", and "Late Charges", if and as defined or otherwise expressly provided for in the applicable lease, to the extent that each such charge or claim would be payable in accordance with section 365(d)(3) of the Bankruptcy Code; and
Administrative Rent. (as defined in Section 7.1 of the Work Letter), and all ----------- "Taxes" (as defined in Section 9 below) that become due and payable while --------- construction is being performed (collectively, the "Base Construction Costs"). The maximum amount of the Building Allowance shall be $155.00 per rentable square foot of the Building, provided that under no circumstances (including an increase in the rentable square footage of the Building) shall the aggregate amount of the Building Allowance exceed $8,331,250.00. For each incremental level of Building Allowance disbursed to Tenant (adjusted for any amounts -------- actually received by Landlord as reimbursement under Sections 19.b. or 19.d. of the Ground Lease and retained by Landlord pursuant to the terms and condition of a certain Cost Sharing Agreement of substantially even date herewith between Landlord and Tenant (the "Cost Sharing Agreement")), Tenant shall pay to Landlord the amount ("Base Rent") set forth for such increment on the following schedule: -------------------------------------------------------------------------------- Building Allowance Incremental Base Rent (Per Rentable Square Foot) (Per Rentable Square Foot Per Month) -------------------------------------------------------------------------------- $0.00 to $ 55.00 $0.5500 -------------------------------------------------------------------------------- $55.01 to $ 95.00 add $0.4334 -------------------------------------------------------------------------------- $ 95.01 to $115.00 add $0.2334 -------------------------------------------------------------------------------- $115.01 to $135.00 add $0.2500 -------------------------------------------------------------------------------- $135.01 to $155.00 add $0.2667 -------------------------------------------------------------------------------- For illustration purposes only, the aggregate monthly Base Rent will be $1.7335 per rentable square foot if the entire $155.00 per rentable square foot Building Allowance is disbursed to Tenant. Upon either party's request, the other party shall execute and deliver a written acknowledgment of the aggregate Base Construction Costs, the aggregate Building Allowance actually disbursed to or for the benefit of Tenant (adjusted for any amounts actually received by -------- Landlord as reimbursement under Sections 19.b. or 19.d. of the Ground Lease and retained by Landlord pursuant to the terms and condition of the Cost Sharing Agreement), and the initial...

Examples of Administrative Rent in a sentence

  • UTC 6920 - Prior Chapter Administrative Rent Definition: UTC 6920 applies when a trustee disburses estate funds to cover administrative rental expenses that were incurred during a prior chapter (i.e. after the order for relief date for the prior chapter, but prior to conversion to chapter 7).

  • UTC 2410 - Administrative Rent Definition: UTC 2410 applies when a trustee disburses estate funds to cover administrative rent that has accrued post-petition on an estate asset.

  • See Complaint for Declaratory Relief and Disallowance of Administrative Rent Claims, Dkt.

  • Administrative Rent shall include, without limitation, all out-of-pocket costs, expenses and fees incurred by or on behalf of Landlord arising from, out of, or in connection with monitoring the construction of the Tenant Improvements and Changes, and shall be payable out of the TI Fund.

  • Work on the Bidvest contract was completed this quarter and the provision of rations by Bidvest began 1 Apr 10.

  • Provide $30,658,318 for funding community mental health capacity increases over a four-year period c.

  • While ultimately Council needs to decide what is appropriate rent for its Community tenants, it is considered that progressing with the proposed Community Tenant Administrative Rent is the best option.

  • Such Administrative Rent shall include, without limitation, all out-of-pocket costs, expenses and fees incurred by or on behalf of Landlord arising from, out of, or in connection with, such monitoring of the construction of the Tenant Improvements, and shall be payable out of the TI Fund.

  • Landlord asserts that it is owed the sum of $58,199.00 for rent and other charges due under the Lease for the stub period of 5/12/20-5/31/20and the month of June 2020 (the “Asserted Administrative Rent”) and the Debtors contest that the Asserted Administrative Rent is due and owing as an administrative claim or otherwise.

  • Tourist establishments must arrange for safety briefings to be given to every guest within 04 hours from the time of their check-in, in addition to instructions on how to obtain further information.


More Definitions of Administrative Rent

Administrative Rent. (as defined in Section 6.1 of the Work Letter), and all “Taxes” (as defined in Section 9 below) that become due and payable while construction is being performed (collectively, the “Construction Costs”). The maximum amount of the Construction Allowance shall be $3,000,000.00 (adjusted for any amounts actually received by Landlord as reimbursement under Sections 19.b. or 19.d. of the Ground Lease and retained by Landlord pursuant to the terms and conditions of a certain Cost Sharing Agreement dated July 27,1999, between Landlord and Tenant (the “Cost Sharing Agreement”)); Tenant hereby acknowledges and agrees that the aggregate Construction Costs may exceed the Construction Allowance (as adjusted and actually disbursed to or for the benefit of Tenant, the “Disbursed Construction Allowance”)), and that Tenant may be responsible for any such excess, as provided in the Work Letter (including, but not limited to, Sections 6.2 and 6.4 thereof). Tenant shall pay to Landlord equal monthly installments of improvement rent (“Improvement Rent”), which installments of Improvement Rent are intended generally to constitute repayment of any portion of the Disbursed Construction Allowance that exceeds $2,000,000.00 (the “Excess Disbursed Construction Allowance”) and shall be equal to the equal monthly payments that would be necessary to amortize fully the Excess Disbursed Construction Allowance over a period of 120 months at an annual interest rate of 12.00%. For illustration purposes only, if the Excess Disbursed Construction Allowance is $1,000,000.00, the equal monthly installments of Improvement Rent will be $14,347.09. Upon either party’s request, the other party shall execute and deliver a written acknowledgment of the aggregate Construction Costs, the Disbursed Construction Allowance, the Excess Disbursed Construction Allowance, and the initial equal monthly installments of Improvement Rent computed on such Excess Disbursed Construction Allowance, when the same have been established, and shall attach the acknowledgment to this Lease as Exhibit E; provided, however, either party’s failure to execute and deliver such acknowledgment shall not affect the other party’s rights hereunder. Notwithstanding the foregoing, Tenant, at any time after the 36th month of the Term, shall have the right to prepay, without penalty or premium, all of the Improvement Rent that will be due for the remainder of the Term, which prepayment (the “Improvement Rent Prepayment”) shall be equal...

Related to Administrative Rent

  • Administrative Review means any decision making process of the director requested by a party aggrieved with an action taken under these rules except the hearing process described in OAR 436-001.

  • Administrative Requirement means any required notice, filing or other similar administrative requirements (other than any requirement for Consent or any Eligibility Requirements) for the Transfer of any Appointment to the applicable Purchaser as set forth in the related Corporate Trust Contract.

  • Administrative record means any record pertaining to the management, supervision or administration of the judicial branch, including any court, board, or committee appointed by or under the direction of any court or other entity within the judicial branch, or the office of any county clerk.

  • Administrative Receivable means a Receivable which the Servicer is required to purchase pursuant to Section 3.08 or which the Servicer has elected to purchase pursuant to Section 8.01.

  • Administrative Rules means the rules and procedures of the Issuer relating to the operation of the Plan.

  • Administrative cost means a fee imposed to cover:

  • Administrative Party means an Arranger or the Facility Agent.

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and administering and carrying out the terms of the Settlement.

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • Administrative penalty means a monetary fine imposed by the division for acts or

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Administrative Fee is defined in Section 4.1(a).

  • Administrative authority means the state or local official responsible for the administration and enforcement of this act.

  • 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.

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

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

  • Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Base Rent As defined in Section 3.1.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • 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.

  • For Rent or "For Sale" ninety (90) days before the termination of this Lease. Landlord may enter the Premises at reasonable hours during the term of this Lease to exhibit the same to prospective purchasers and to make repairs required of Landlord under the terms hereof.

  • Administrative Action has the meaning set forth in paragraph 4(a) of Annex I.

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

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.