Back Rent definition

Back Rent means that portion of Rent owed by an Affected Tenant that remains unpaid upon expiration of the Moratorium Period.
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Back Rent has the meaning provided in Section 10.2(c).
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Back Rent means the amount of unpaid Rent (including all Percentage Rent) as of the Reinstatement Date, including accrued simple interest on the unpaid Rent from the date due at the default rate specified in the Recognized Mortgage, as well as reasonable attorneys’ fees and costs at the trial court and all appellate levels and other expenses incurred by Owner in connection with enforcing this Lease.
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Examples of Back Rent in a sentence

  • Landlord hereby acknowledges that except for the Back Rent Notes issued hereunder and the continuing obligations under the leases between Landlord and Nationwide for the properties located in City of Industry, CA and Benicia, CA, Nationwide owes no further amounts to Landlord in respect of any lease between the parties or their respective affiliates.

  • The Back Rent Notes will be in the form of the promissory note(s) attached hereto as Exhibit A, which will be substituted for the form of promissory note attached as Exhibit G to the Settlement Agreement and will be the promissory notes referenced in Section 2 of the Amendments to the Leases executed and delivered in accordance with the Settlement Agreement.

  • At Landlord's election, Landlord may direct Tenant to continue paying the Back Rent portion of Gross Rent directly to the successor owner, in which instance, successor owner shall cooperate with Landlord and forward the Back Rent portion of each monthly rent payment to Landlord.

  • The proceeds of the Loan shall be used by the Borrower exclusively to fund the Back Rent Payment, the Nevada Palace Intercompany Loan and the Schiff Esquire Redemption and Payoff and for no other purpose whatsoever.

  • As consideration for Landlord agreeing to enter into this lease and accept payment of Back Rent as set forth above, the undersigned Visual Data Corporation ("Guarantor"), the parent corporation of Tenant (Hotel View Corporation), hereby unconditionally and irrevocably guarantees the full and complete payment and performance by Tenant of all Tenant obligations under this lease.

  • To induce the Lender to make the Loan hereunder, the Borrower hereby represents and warrants to the Lender as of the date hereof that the proceeds of the Loan are to be used by the Borrower exclusively to fund the Back Rent Payment, the Nevada Palace Intercompany Loan and the Schiff Esquire Redemption and Payoff and for no other purpose whatsoever.

  • The Borrower shall use the proceeds from the Loan solely to fund the Back Rent Payment, the Nevada Palace Intercompany Loan and the Schiff Esquire Redemption and Payoff and for no other purpose whatsoever.

  • Each of the Urban Parties, for itself and all of its affiliated persons or entities, hereby waives and releases AAGC and AASP, and the parent, subsidiary, and affiliated entities of AAGC and AASP, and the shareholders, officers, directors, members, partners, employees, attorneys, and agents of AAGC and AASP, from any Claims in any way related to the Golf Center Lease or the Golf Center Back Rent and arising prior to the SportPark Termination Time.

  • In the event this lease is terminated by Tenant (with or without Landlord's consent thereto, and whether a breach hereunder or not) or Tenant defaults in the payment or performance of its obligations hereunder, Guarantor shall immediately pay to Landlord all Back Rent due and to become due under the remaining initial term of the lease, together with all other sums due and owing (or accelerated at Landlord's election as permitted by Section 21 of the lease).

  • In the event Landlord sells the property of which the demised premises are a part, Tenant shall pay Current Rent as directed by the successor owner and Back Rent as directed by Landlord, notwithstanding the sale of the property.


More Definitions of Back Rent

Back Rent means the amount of unpaid Rental (other than accrued, but unpaid, Percentage Rent) as of the Reinstatement Date, including accrued simple interest on the unpaid Rental (other than accrued, but unpaid, Percentage Rent) from the date due at the default rate specified in the Recognized Mortgage, as well as reasonable attorneys' fees and costs at the trial court and all appellate levels and other expenses incurred by Owner in connection with enforcing this Lease. (d) "Equity Interest" means, with respect to any entity, (1) the legal (other than as a nominee) or beneficial ownership of outstanding voting or non-voting stock of such entity if such entity is a business corporation, a real estate investment trust or a similar entity, (2) the legal (other than as a nominee) or beneficial ownership of any partnership, Membership Interest or other voting 44 F:\MlNSKERIC.M.BIP ARKONEIPOGROUNDlEASE.EXEC 12-I.DOC m: I 8938rh2 412 or non-voting ownership interest in a partnership, joint venture, limited liability company or similar entity, (3) a legal (other than as a nominee) or beneficial voting or non-voting interest in a trust if such entity is a trust and (4) any other voting or non-voting interest that is the functional equivalent of any of the foregoing. (e) "Sale ofthe Project" means (i) any Assignment or Master Sublease by Tenant of fifty percent (50%) or more of Tenant's Interest in the Premises or (ii) any change, by operation of law or otherwise, in the ownership of an Equity Interest in Tenant wherein such change in ownership, directly or indirectly, produces any change in the Substantial Controlling Interest of Tenant. (f) "Master Sublease(s)" means any sublease (including a sub-sublease or any further level of subletting) of all or any portion of the Premises, but does not include subleases serving the functional equivalent of a Recognized Mortgage or subleases to actual space users or other subleases entered into in the ordinary course of business for parking, retail or other space at the Premises; provided, however, that in the event of a sublease of greater than Twenty Percent (20%) of the parking on the Premises (other than to subtenants of space in the Project to meet their parking needs), Owner shall have the right to approve the sublease and the subtenant. (g) "Master Subtenant" means any party granted rights by Tenant under a Master Sublease or by any other Master Subtenant (immediate or remote) under a Master Sublease. (h) "Transfer" means (i) an...
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Back Rent means (x) 5,317,803, representing 28% of shares of Common Stock, (y) the Residual Amount and (z) an amount equal to $62,000 (inclusive of any applicable taxes) for each calendar month (or portion thereof) from April 1, 2002 through the Effective Date in satisfaction of the Basic Rent accrued under the Old Equipment Lease and owed by Lessee through the Effective Date. “ ‘BASIC TERM EXPIRATION DATE’ shall mean the earliest of (i) April 30, 2008, (ii) the date on which the Obligations are paid in full, (iii) a Subsidiary Sale by Lessee or (iv) the declaration of such pursuant to Section 17. “ ‘OBLIGATIONS’ means Lessee’s obligations to pay Basic Rent, the Accrued Lease Obligation and Supplemental Rent, if any.
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Back Rent has the meaning provided in Section 6.6(c).
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Related to Back Rent

  • 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 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;

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

  • 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.