Base Monthly Rental definition

Base Monthly Rental means an amount equal to 1/12 of the applicable Base Annual Rental.
Base Monthly Rental means an amount equal to 1/12 of the Base Annual Rental.
Base Monthly Rental means, for any month, an amount equal to one-twelfth (1/12) of the applicable Base Annual Rental for the period in which such month falls.

Examples of Base Monthly Rental in a sentence

  • The Base Monthly Rental rate paid for the Premises to be paid upon final acceptance and occupancy of the renovated space has been determined to provide a minimum cost savings of at least 10 percent below the market rental value of the Premises.

  • Base Monthly Rental for the Holdover Period shall be as was in effect at the end of the Lease Term plus the applicable Base Monthly Rental adjustment set forth in Section 1(d).

  • The scale of distance is much larger than the scale of buriedness.

  • The adjustment shall be 3% over the amount of the Base Monthly Rental rate paid on June 1 of the applicable year.

  • If the post Renovation Period occupancy date is a date other than the first day of the month, then the Base Monthly Rental shall be prorated and the increased rent paid with the payment of the first full month Base Monthly Rental payment due after the post Renovation occupancy.

  • The Base Monthly Rental set forth in 1(c)(3) above shall be adjusted on July 1 of each year; beginning on July 1, 2016.

  • They have been recorded as a Supported Reference in the IA database on FORUM.

  • Upon final acceptance and occupancy, then the Base Monthly Rental will increase to $ per month.

  • The Base Monthly Rental Rate is the monthly rental rate as of the date the Agency begins occupying the space.

  • The Base Monthly Rental payable by Tenant would continue to be increased as of the expiration of every other year (biennially) of the option period commencing on the second anniversary of the commencement of such option period (i.e., the second anniversary of the commencement of the option period and the fourth anniversary of the commencement of the option period) by an amount equal to 5% of the Base Monthly Rental for the preceding year.


More Definitions of Base Monthly Rental

Base Monthly Rental means, for any month, an amount equal to 1/12 of the applicable Base Annual Rental for the period in which such month
Base Monthly Rental means the amount stated in the Basic Lease Information, payable in accordance with Article 7. "Basic Lease Information" means the information contained in Article 1.
Base Monthly Rental. The Base Annual Rental shall be payable in equal -------------------- monthly installments ("Base Monthly Rental"), in advance, without any set-offs or deductions (except as expressly permitted under this Lease), on the first day of each month (the "Rent Day") during the Term of this Lease at the mailing address shown in Paragraph I of the Summary, or at such other place as Landlord from time to time may designate in writing. In the event the Commencement Date is other than the first day of the calendar month, the rental for the first and last partial months shall be prorated based on the actual number of days of such months included within the Lease Term and based upon the amount of the Base Monthly Rental.
Base Monthly Rental means an amount equal to (i) the product of (a) [***] percent ([***]%) and (b) the sum of the Aggregate Disbursements disbursed as of the date of such calculation of Base Monthly Rental plus an amount equal to the Construction Allowance funds that will be allocable pursuant to the provisions of this Lease to the payment of all invoices or requests for payment relating to the Construction Allowance Costs which have been received by Landlord or Tenant but which are not yet paid as of the date of such calculation of Base Monthly Rental (the “Pending Disbursements”); (ii) divided by twelve (12), subject to adjustments pursuant to Sections 3.2, 3.3 and 36.2 below. Except for as explicitly provided in Section 3.2.2, when calculating Base Monthly Rental, all Disbursements made by Landlord during a given month, including Disbursements made following the Base Monthly Rent Commencement Date, are treated to have occurred on the last calendar day of the month. From and after the Base Monthly Rent Commencement Date through the date the Building Improvements will be deemed Complete pursuant to Section 8 of the Work Letter (the “Punchlist Sign-off Date”), Tenant shall pay Base Monthly Rental as calculated pursuant to this Section 3.1.1, with true-ups as provided in Section 3.2.2.
Base Monthly Rental means the Base Monthly Rental set forth in subparagraph 4A above. The rent adjustment formula used to calculate the Adjusted Monthly Rental is as follows: Adjusted Monthly = Revised Price Index X Base Monthly Rental Rental Base Price Index The Adjusted Monthly Rental as hereinabove provided shall continue to be payable monthly as required in paragraph 4A above without necessity of any further notice by the Landlord to the Tenant.
Base Monthly Rental means the monthly rental amount specified in the Office Lease Basic Information, subject to adjustments as provided herein.

Related to Base Monthly Rental

  • 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.

  • Minimum Rent means the sum of Thirty-Eight Million Nine Hundred Seventeen Thousand Seven Hundred Fifty and 00/100 Dollars ($38,917,750.00) per annum.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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

  • Base Rent As defined in Section 3.1.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

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

  • 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;

  • 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.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Operating Expenses shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of the Sublease.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);