Annual Basic Rent Factor definition

Annual Basic Rent Factor means the annual rate per square foot of Net Rentable Area used to calculate the Annual Basic Rent. A table of Annual Basic Rent Factors, together with scheduled increases and decreases thereto, are set forth on Schedule 1 hereto.
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Annual Basic Rent Factor. (i) for the Initial Term, shall mean a rate, per RSF, per annum, equal to the Initial ABR Factor, except, that (x) effective as of the first day of the sixth (6th) Lease Year, the Annual Basic Rent Factor shall be increased to be 101.5% of the Initial ABR Factor, (y) effective as of the first date of the eleventh (11th) Lease Year, the Annual Basic Rent Factor shall be increased to be 101.5% of the Annual Basic Rent Factor immediately prior to the eleventh (11th) Lease Year, and (z) effective as of the first date of the sixteenth (16th) Lease Year, the Annual Basic Rent Factor shall be increased to be 101.5% of the Annual Basic Rent Factor immediately prior to the sixteenth (16th) Lease Year, and (ii) for each Renewal Term, shall mean the rate, per square foot of Net Rentable Area, for such Renewal Term that is described and determined pursuant to Section 1.4(c)(1) hereof.
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Annual Basic Rent Factor means $8.60 per square foot of Net Rentable Area. On the first day of the sixth Lease Year, and on the first day of every fifth Lease Year thereafter during the Term (i.e., the eleventh, sixteenth, twenty-first, etc. Lease Years), the Annual Basic Rent Factor shall be increased as set forth on Schedule 1 hereto. [This definition remains only if this is a "Continuing Term Separate Lease"].
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Examples of Annual Basic Rent Factor in a sentence

  • Assume the Base Assumptions in Table One above which show that (i) the Renewal Premises includes space at four Properties, (ii) the Renewal Premises at two of the Properties includes FMRV Space (iii) the Annual Basic Rent Factor for the applicable Renewal Term as set forth on Schedule 1 to the Lease is $9.00 per RSF.

  • Assume the Base Assumptions in Table One above which show that (i) the Renewal Premises includes space at four Projects, (ii) the Renewal Premises at two of the Projects includes FMRV Space (iii) the Annual Basic Rent Factor for the applicable Renewal Term as set forth on Schedule 1 to the Lease is $9.00 per RSF.

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  • At Closing and again, if necessary, following Landlord’s re-measurement of the Buildings pursuant to the Measurement Standard, Landlord and Tenant shall re-calculate the Annual Basic Rent Factor as the annual rental rate, per square foot of Net Rentable Area, calculated as the quotient of (i) the aggregate of the Property Amounts for all Properties subject to this Lease, divided by (ii) the aggregate Net Rentable Area of the Leased Premises.

  • Notary Public [NOTARIAL SEAL] My Commission Expires:_______________ Exhibit A to Non Disturbance and Attornment Agreement Property Description Schedule 1 [TO FORM OF SEPARATE LEASE] Annual Basic Rent Factor Table Lease Years Increase Factor Annual Basic Rent Factor Comm.

  • Annual Basic Rent shall be adjusted from time to time each time there is a change in the Annual Basic Rent Factor or in Tenant’s Occupancy Percentage for the Property.

  • TABLE ONE - BASE ASSUMPTIONS: A B C D Property Non-FMRV Renewal Space FMRV Space Total Renewal Premises NRA (A + B) Annual Basic Rent Factor Property A 85,000 RSF 15,000 RSF 100,000 RSF $ 9.00/RSF Property B 25,000 RSF None 25,000 RSF $ 9.00/RSF Property C 40,000 RSF 10,000 RSF 50,000 RSF $ 9.00/RSF Property D 75,000 RSF None 75,000 RSF $ 9.00/RSF Illustration One Aggregate FMRV for Non-FMRV Renewal Space is greater than the Maximum Renewal Term Basic Rent for the Non-FMRV Renewal Space.

  • TABLE ONE - BASE ASSUMPTIONS: A B C D Project Non-FMRV Renewal Space FMRV Space Total Renewal Premises NRA (A + B) Annual Basic Rent Factor Project A 85,000 RSF 15,000 RSF 100,000 RSF $ 9.00/RSF Project B 25,000 RSF None 25,000 RSF $ 9.00/RSF Project C 40,000 RSF 10,000 RSF 50,000 RSF $ 9.00/RSF Project D 75,000 RSF None 75,000 RSF $ 9.00/RSF Illustration One Aggregate FMRV for Non-FMRV Renewal Space is greater than the Maximum Renewal Term Basic Rent for the Non-FMRV Renewal Space.


More Definitions of Annual Basic Rent Factor

Annual Basic Rent Factor means the annual rate per square foot of Net Rentable Area used to calculate the Annual Basic Rent. A table of Annual Basic Rent Factors, together with scheduled increases and decreases thereto, are set forth on Schedule 1 hereto. ________________________________________________________________________________________________________________________
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Annual Basic Rent Factor means the annual basic rental rate per square foot of Net Rentable Area to be paid by Seller for the Leased Premises under the Master Lease. Seller and Purchaser shall calculate the Annual Basic Rent Factor at Closing as the sum, for each of the Closing Properties, of the Agreed Upon Percentage for such Property multiplied by the Purchase Price (excluding the Approved Closing Costs) multiplied by the Occupancy Percentage for such Property, with such resulting sum multiplied by 0.08309, and such product divided by the aggregate Net Rentable Area of the Leased Premises. An estimated calculation of the Annual Basic Rent Factor is attached as part of Exhibit B hereto.
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Related to Annual Basic Rent Factor

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

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  • NET INVESTMENT FACTOR The net investment factor for each subaccount is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Reference Year shall have the meaning given it in the Summary.

  • 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.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Beginning Price means, with respect to any one company, the average closing price of one share of common stock during the first fiscal quarter of the Performance Period. 

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.