Agreed Rent definition

Agreed Rent means, in respect of a Property, the weekly agreed rent (based on Market Rent) as set out in Schedule 4 (as amended from time to time in accordance with this Agreement); Agreement means this Services Agreement, including its Schedules, as it may be amended in writing from time to time;

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Agreed Rent means, in respect of a Property, the weekly rent (based on Market Rent) as set out in Schedule 4 (as amended from time to time in accordance with this Agreement); Agreement means this Services Agreement, including its Schedules, as it may be amended in writing from time to time; Business Day means a day that is not a Saturday, Sunday or public holiday in New Zealand or any anniversary day in the region in which the relevant Services are being provided; Commencement Date means the Commencement Date of this Agreement, as set out in the Key Terms;

Agreed Rent means, in respect of a Property:

Examples of Agreed Rent in a sentence

• The Provider is entitled to retain any amount by which the rent received in the private market for the Short Term Private Rental exceeds the Agreed Rent for the Property (in each case, in respect of the relevant Payment Period).

• Agreed Rent The Agreed Rent (including the Operating Supplement) is set out in Schedule 4 as at the Commencement Date.

• Where the IRR equals or exceeds the amount of the Agreed Rent (excluding the Operating Supplement, if any) or the Market Rent for that Property, the Daily IRRS will be zero.

• The Daily IRRS is an amount equal to the Agreed Rent minus the IRR for each Tenant who has been let a Property in accordance with this Agreement and minus the Operating Supplement (if any) in respect of a Property, with the Agreed Rent, the IRR and the Operating Supplement (if any) being pro-rated on a daily basis for each day falling within the Payment Period.

• If the Parties agree to: (i) amend the Agreed Rent during the Term of this Agreement pursuant to a Market Rent Review or otherwise, or (ii) add any new or substituted Properties pursuant to clause 5 of Schedule 1, they will complete a Variation Notification in the manner described in Schedule 4 to delete and replace the table at Schedule 4.

• Market Rent Review The Market Rent component of the Agreed Rent for each Property will be subject to a Market Rent review in accordance with clause 4 of Schedule 1 as soon as practicable following the fifth anniversary of the Commencement Date (or, if a Property becomes subject to this Agreement after the Commencement Date, the fifth anniversary of the date it became subject to this Agreement), and in each case, every subsequent five year anniversary thereafter.

• Consumer Price Index adjustments to Market Rent The Market Rent component of the Agreed Rent for each Property will be adjusted on each anniversary of the Commencement Date for annual changes in the Consumer Price Index in accordance with clause 4.1 of Schedule 1, except in respect of a year in which a Market Rent Review occurs.

• From the [ ] anniversary of the Commencement Date until the Expiry Date, an Operating Supplement of [ ]% of Market Rent will be included in the Agreed Rent.

• The Agreed Rent in Part A of these Key Terms should also refer to the Operating Supplement if it applies.

• The Daily IRRS is an amount equal to the Agreed Rent minus the IRR for each Tenant who has been let a Property in accordance with this Agreement, with the Agreed Rent and the IRR being pro-rated on a daily basis for each day falling within the Payment Period.

More Definitions of Agreed Rent

Agreed Rent means the monthly per Unit amount by Unit size as set out in Schedule C, and is exclusive of any amounts for personal care and any personal services agreed to independently between the Landlord and Tenant.

Agreed Rent means the amount payable by the Merchant for the rental of P.O.S. Equipment which amount shall be payable monthly unless otherwise agreed. Rent may be varied by the Bank from time to time in its absolute discretion.

Agreed Rent means the Rent as set out in the Base Case at the Commencement Date as adjusted from time to time provided (and irrespective of whether or not the Landlord is a Registered Provider) that such Rent is set in accordance with and does not contravene the Rent Influencing Regime or (as relevant) clause 33A.5

Agreed Rent means the amount of weekly rent for a Property as set out in Schedule 3 (Agreed Pool of Properties), Indexed on a twelve monthly basis, with Indexation first occurring on the date that is twelve months after the Agreed Rent Base Date, provided that the Agreed Rent for a Property shall never be less than the Agreed Rent for a Property that applies as at Financial Close; Agreed Rent Base Date means 30 June 2016; Agreed Rent Indexation Date means 31 March 2016; Agreement is described in clause 3.1 (Scope of Agreement); Agreement Start Date means the date on which all the Tier 1 Conditions Precedent are satisfied or waived, as set out in a notice given by MSD under clause 9.5 (Conditions Precedent);