Basic Monthly Rental definition

Basic Monthly Rental means the Basic Monthly Rental set forth in subparagraph 4A above. The rent adjustment formula used to calculate the Adjusted Monthly Rental is as follows: Adjusted Monthly Rental = Revised Price Index X Base Monthly Rental ========================================= Base Price Index Notwithstanding the above formula, the Adjusted Monthly Rental shall not be less than 103% or greater than 106% of the previous year's Adjusted Monthly Rental, or the Basic Monthly Rental if such adjustment is for the Second Lease Year. The Adjusted Monthly Rental as herein above 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.
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Basic Monthly Rental means the Basic 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.
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Basic Monthly Rental. The Basic Monthly Rental shall be increased to reflect the inclusion of these Premises. Therefore, the new rent schedule shall be as follows: Period Current New Total ------------------------------------------------------------------------------------------ Commencement - October 31, 2000 $53,135.40 $30,080.00 $83,215.40 November 1, 1999 - November 30, 1999 $53,870.38 $30,080.00 $83,950.38 December 1, 1999 - August 31, 2000 $54,513.50 $30,080.00 $84,593.50 September 1, 2000 - September 30, 2000 $54,513.50 $31,645.00 $86,158.50 October 1, 2000 - August 31, 2001 $55,123.50 $31,645.00 $86,768.50 September 1, 2001 - March 31, 2002 $55,123.50 $32,740.00 $87,863.50
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Examples of Basic Monthly Rental in a sentence

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  • The term “Rental” shall include the Basic Monthly Rental set forth in Paragraph I of the Summary of Lease Terms, all additional rent, and any other costs or charges payable by Tenant to Landlord hereunder.

  • If it shall not be lawful for Tenant to reimburse Landlord for any increase in Real Property Taxes as defined herein, the Basic Monthly Rental payable to Landlord prior to the imposition of such increases in Real Property Taxes shall be increased to net Landlord the same net Basic Monthly Rental after imposition of such increases in Real Property Taxes as would have been received by Landlord prior to the imposition of such increases in Real Property Taxes.

  • If such notice of termination is so given, the Lease and all interest of Tenant in the Premises shall terminate on the date specified in such notice, and the Basic Monthly Rental, reduced (subject to the condition set forth in Paragraph 19(a) above) in proportion to the area of the Premises rendered untenantable by the damage, shall be paid up to the date of such termination, Landlord hereby agreeing to refund to Tenant any Rental theretofore paid for any period of time subsequent to the termination date.

  • Landlord shall have the same remedies for default in the payment of Additional Rent as are available to Landlord in the case of default in the payment of Basic Annual Rental or Basic Monthly Rental.

  • Tenant shall not be required to pay Basic Monthly Rental during such Interim Use period unless otherwise agreed to herein.

  • Any holding over after the expiration or other termination of this Lease with the written consent of Landlord delivered to Tenant shall be construed to be a tenancy from month to month at the Basic Monthly Rental in effect on the date of such expiration or termination on the terms, covenants and conditions herein specified so far as applicable.

  • Notwithstanding anything to the contrary in the previous two sentences, this footnote does not apply to any term plans established or renewed after January 22, 2016.

  • In addition to the Basic Monthly Rental payable during the Lease Term, commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord, as additional rent, Tenant’s Percentage Share of Operating Expenses and Real Property Taxes allocable to any Expense Year.

  • Unless otherwise expressly specified herein, Additional Rent shall be paid by Tenant by the later of (i) the next installment of Basic Monthly Rental thereafter falling due or (ii) within thirty (30) days after request therefor.


More Definitions of Basic Monthly Rental

Basic Monthly Rental. A fixed monthly sum, payable in advance on or before the first of each month to the Lessor during the Lease Term in accordance with the five year schedule of such rents set forth in Paragraph 36 of this Lease. F. "Permitted Use": Lessee shall use the premises solely as a Bank/Financial Institution and for no other purpose, unless approved in writing by Lessor. G. "Lease": This written Lease agreement, together with any and all addenda, rules and regulations of the Shoreway Circle Shopping Center, and written modifications which may from time to time be agreed upon by Lessor and Lessee. GRANTING CLAUSE --------------- In consideration of the obligation of Lessee to pay rent as herein provided and in consideration of the other terms, covenants and conditions hereof, Lessor hereby leases to Lessee, and Lessee hereby takes from Lessor, the Demised Premises to have and to hold the same for the Lease Term specified herein as FIVE years, all upon the terms and conditions set forth in this Lease.
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Basic Monthly Rental. The Basic Monthly Rental shall increase to the following amounts to reflect the inclusion of the Premises: Current New Total $/Sq.Ft ------- --- ----- ------- December 1, 1998-October 31, 1999 $46,855.40 $4,733.00 $51,588.40 $1.72 November 1, 1999-November 30, 1999 $47,590.38 $4,733.00 $52,323.39 $1.74 December 1, 1999-September 30, 2000 $48,233.50 $4,733.00 $52,966.50 $1.76 October 1, 2000-March 31, 2002 $48,233.50 $5,232.50 $53,465.50 $1.78 TENANT'S PERCENTAGE SHARE OF OPERATING COSTS AND TAXES. The Premises constitutes 1.91% of the total rentable area of the Building. As of December 1, 1998, Tenant's percentage share of operating costs and taxes shall be increased by 1.91%. Tenant's new prorata share as of December 1, 1998 shall be 23.01%.
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Basic Monthly Rental the sum of $ * per month, which Lessee shall pay in advance on or before the first of each month during the Lease Term. However, Basic Monthly Rental for the first month of the Lease Term shall be prorated, if the actual Commencement Date does not occur on the first day of a month. *Months 01-12 $3,469.38 $9.75** Months 13-24 $3,558.33 $10.00 Months 25-36 $3,647.29 $10.25 Months 37-48 $3,736.25 $10.50 Months 49-60 $3,825.21 $10.75 **per square foot of Net Rentable Area of the Premises per year.
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Related to Basic 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.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

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

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Base Rent As defined in Section 3.1.

  • Additional Rental has the meaning set forth in Section 4.03.

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

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

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

  • 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;

  • 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).

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

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • 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.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • 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.

  • 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.

  • 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.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

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

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.