Base Rents definition
Base Rents has the meaning ascribed to such term in Section 11.2 of this Agreement.
Base Rents means monthly base rents and parking charges under the Tenant Leases; (c) "Overage Rent" means additional or escalation rent based upon (i) a percentage of a Tenant's gross sales during a specified annual or other period or (ii) increases in real estate taxes, operating expenses, labor costs, cost of living indices or ▇▇▇▇▇▇'▇ wages; and (d) "Additional Rent" means items of rent or charges which are not Base Rents or Overage Rents, such as charges for electricity, steam, water, cleaning, overtime services, sundry charges or other charges of a similar nature.
Base Rents means all fixed rents, base rents, minimum rents or basic rentals payable in fixed installments for stated periods by Tenants under Tenant Leases.
Examples of Base Rents in a sentence
Notwithstanding the foregoing, the parties hereto agree that so long as Base Rents and Additional Rents (as defined in the Lease) are being paid and applied as provided in the Lease, this Loan Agreement and the Indenture, the Foundation shall be deemed to be in compliance with the requirements of this Section 8.10.
The Foundation agrees that, during the Lease Term (as defined in the Lease), the Foundation shall take or cause to be taken such actions as may be necessary to cause direct payment of Base Rents payable under the Lease to be made to the Trustee by the State Treasurer or if the State Treasurer does not so agree, by the Charter Authorizer.
Further, during the Lease Term (as defined in the Lease) the Base Rents shall be payable at such times and payable in such amounts to make the Loan Payments.
More Definitions of Base Rents
Base Rents will mean any fixed, minimum rent payable by tenants under the Leases excluding, however, any Operating Expense Payments (as that term is hereinafter defined).
Base Rents fixed rent, and other amounts of a fixed nature (which may include, without limitation, electric inclusion and supplemental water, HVAC and condenser water charges paid or payable by Tenants); “Overage Rents”: a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), so-called “escalation rent”, and additional rent based upon increases in or otherwise attributable to real estate and BID taxes, operating expenses, utility costs, a cost of living index or p▇▇▇▇▇’▇ wages or otherwise, but which shall in no event include Reimbursable Payments (as hereinafter defined); “Reimbursable Payments”: overtime heat, air conditioning or other utilities or services; freight elevator; electric inclusion and adjustments related to electric usage (such as rate and/or fuel adjustments and survey); submetered electric; supplemental water, HVAC, and condenser water charges; services or repairs, and labor costs associated therewith, to the extent to which a Tenant is obligated to reimburse the landlord under its Lease or for which a Tenant has separately contracted with Seller or its agent; true-ups on account of escalation and/or additional rent for years prior to the year in which the Closing occurs; amounts payable for above standard cleaning; and all other items which are payable to Seller as reimbursement or payment for above standard or overtime services (but which amounts shall not be treated as Reimbursable Payments if already included in a Tenant’s Base Rents); and “Rents”: all amounts due and owing from Tenants, however characterized, including, without limitation, Base Rents, Overage Rents and Reimbursable Payments.
Base Rents is defined in ss.8. "Buyer" is defined in the preamble. "Companion Contract" is defined in ss.27. "Companion Property" is defined in ss.27. "Deposit" is defined in ss.2. "Effective Date" is defined in the preamble. "Effective Gross Income" is defined in ss.4. "Escrow Agent" is defined in ss.2. "Estoppel Certificates" is defined in ss.7. "Hazardous Materials" is defined in ss.9. "Improvements" is defined in ss.1. "Inspection Period" is defined in ss.5. "Intangible Property" is defined in ss.1. "Land" is defined in ss.1. "Lease" is defined in ss.1. "Leasing Costs" is defined in ss.8. "Operating Expense Payments" is defined in ss.8. "Overage Rents" is defined in ss.8. "Park Dry Cleaners Spill" is defined in ss.29. "Permitted Exceptions" is defined in ss.6. "Property" is defined in ss.1. "Surviving Contracts" is defined in ss.1. "Third Party Offer" is defined in ss.28. "Title Company" is defined in ss.6. "Title Commitment" is defined in ss.6. "Title Notice" is defined in ss.6.
Base Rents. Base Rents are revised as follows: Lease Year* Rental Rate** Annual Rent*** Monthly Rent*** 1. $20.00 $296,300.00 $24,691.66 2. $20.50 $303,707.50 $25,308.96 3. $21.00 $311,115.00 $25,926.25 4. $21.50 $318,522.50 $26,543.54 5. $22.00 $325,930.00 $27,160.83 6. $22.50 $333,337.50 $27,778.13 7. $23.00 $340,745.00 $28,395.42 *Lease year is September 1 - August 31 of the following year. **Per rentable square feet ***Does not include applicable sales taxes due with monthly rent.
Base Rents. Base Rents are revised as follows: Lease Year* Rental Rate** Annual Rent*** Monthly Rent*** 1. $20.00 $296,300.00 $24,691.66 2. $20.50 $303,707.50 $25,308.96 3. $21.00 $311,115.00 $25,926.25 4. $21.50 $318,522.50 $26,543.54 5. $22.00 $325,930.00 $27,160.83 6. $22.50 $333,337.50 $27,778.13 7. $23.00 $340,745.00 $28,395.42 8. $23.50 $348,152.50 $29,012.71 9. $24.00 $355,560.00 $29,630.00 10. $24.50 $362,967.50 $30,247.29 *Lease year is October 1 - September 30 of the following year. **Per rentable square feet ***Does not include applicable sales taxes due with monthly rent.
Base Rents means monthly base rents and parking charges under the Leases. "Overage Rent" means additional or escalation rent based upon (A) a percentage of a tenant's gross sales during a specified DOC ID - 21031260.28
Base Rents has the meaning set forth in Section 10.04(a)(v)(1).