Base Rental Period definition

Base Rental Period means the period between one Base Rental Payment Date and the next Base Rental Payment Date, provided that the first Base Rental Period shall commence on July [ ], 2024 and end on July 14, 2025.
Sample 1Sample 2
Base Rental Period has the meaning set forth in the Sublease.
Sample 1Sample 2Sample 3
Base Rental Period means the period from [July 1] to and including the following [June 30]; provided that the initial Base Rental Period means the period from the Closing Date to and including [June 30], 2019.
Sample 1

Examples of Base Rental Period in a sentence

  • At the end of the Base Rental Period and any date thereafter, the Customer may either (a) request removal of the Equipment as set forth in paragraph 10 and pay the associated removal fees in connection; or (b) leave the Equipment in place and continue to make Rental Payments due on the due date of the Customer’s monthly bill.

  • The Base Rent for each Base Rental Period shall equal (A) Stipulated Loss Value on the first day of such Base Rental Period, times (B) the Effective Rate with respect to such Base Rental Period, times (C) the number of days in such Base Rental Period, divided by (D) three hundred sixty (360).

  • Each installment of Base Rent shall represent rent allocable to the Construction Period or Base Rental Period ending on the date on which the installment is due.

  • Under such assumptions, the Base Rent for the hypothetical Base Rental Period will equal: $300,000,000 x 6% x 30/360, or $1,500,000.

  • Under such assumptions, the Base Rent for the hypothetical Base Rental Period will equal: $40,000,000 x (5.5% + 0.5%) x 60/360, or $400,000.

  • Subject to Section 2.2 above, the Maximum Base Rental for each Component for each Base Rental Period shall be the amount set forth in Exhibit B with respect to such Component and shall become due and payable annually in advance on each Base Rental Payment Date during the Leaseback Lease Term.

  • Assume, only for the purpose of illustration: that a hypothetical Base Rental Period contains exactly thirty (30) days; that on the first day of such Base Rental Period, after the entire Construction Allowance had been funded, and after deducting a total of $13,200,000 of Qualified Payments received by Landlord, the resulting Stipulated Loss Value is $5,000,000; and that the Effective Rate computed with respect to the applicable Base Rental Period is 6%.

  • Assume, only for the purpose of illustration: that a hypothetical Base Rental Period contains exactly sixty days; that on the first day of such Base Rental Period, after deducting a total of $12,000,000 of Qualified Payments received by Landlord, the resulting Stipulated Loss Value is $40,000,000; that the Effective Rate computed with respect to the applicable Base Rental Period is 5.5%; and that the Spread computed with respect to the applicable Base Rental Period is 0.5%.

  • The Base Rent for each such Base Rental Period shall equal (A) Stipulated Loss Value on the first day of such Base Rental Period, times (B) the sum of (1) the Effective Rate with respect to such Base Rental Period plus (2) the Spread in effect during such Base Rental Period, times (C) the number of days in such Base Rental Period, divided by (D) three hundred sixty (360).

  • Under no circumstances shall the TJPA be required to pay to or upon the order of the City during any Base Rental Period amounts exclusive of Additional Rental in excess of aggregate Maximum Base Rental for such Base Rental Period.


More Definitions of Base Rental Period

Base Rental Period means the period between one Base Rental Payment Date and the next Base Rental Payment Date, provided that the first Base Rental Period shall commence on the Closing Date (as hereinafter defined) and end on July 1, 2017.
Sample 1
Base Rental Period means each successive period of approximately one (1) month, with the first Base Rental Period beginning on and including the Base Rental Commencement Date and ending on but not including the first Base Rental Date. Each successive Base Rental Period after the first Base Rental Period shall begin on and include the day on which the preceding Base Rental Period ends and shall end on but not include the next following Base Rental Date. A Base Rental Period under this definition may also be a Construction Period under the definition of Construction Period below.
Sample 1
Base Rental Period has the meaning set forth in the Trust Agreement.
Sample 1
Base Rental Period means each successive period of approximately one (1) month, with the first Base Rental Period beginning on and including the Base Rental Commencement Date and ending on but not including the first Base Rental Date. Each successive Base Rental Period after the first Base Rental Period shall begin on and include the day on which the preceding Base Rental Period ends and shall end on but not include the next following Base Rental Date.
Sample 1

Related to Base Rental Period

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

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

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • 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.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

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

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • 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 Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Extension Term means the time period defined in §2.C.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

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

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

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Renewal Term has the meaning set out in Section 9.1.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Quarterly Commencement Date means the 20th day of each of March, June, September and December in each year.

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

  • Extended Term shall have the meaning given such term in Section 2.4.