Basic Rents definition

Basic Rents means all rents and charges payable by any and all tenants, including, without limitation, occupancy rents, but excluding Additional Rents. As used herein, the term "Additional Rents" shall mean any amounts payable by tenants pursuant to any provisions of such leases relating to escalation and pass-through of operating and other similar expenses and any provisions therein in respect of tenant escrows and reimbursements. Basic Rents shall be apportioned as follows:
Sample 1
Basic Rents means all rents and charges payable by the tenants under the Tenant Leases, including, without limitation, occupancy rents, parking revenues and all other revenues derived from ownership of the Real Properties, but excluding Additional Rents and Percentage Rents. As used herein the term "Additional Rents" shall mean any amounts payable by the tenants under the Tenant Leases pursuant to any provisions of such leases relating to escalation and pass-through of operating expenses and real property Taxes and any provisions therein in respect of tenant escrows and reimbursements, which amounts shall be allocated over the period with regard to which such operating expenses or real property Taxes are incurred notwithstanding the date on which such amounts become payable. As used herein the term "Percentage Rents" shall mean any amounts payable by the tenants under the Tenant Leases pursuant to any provisions of such leases relating to or based upon gross receipts, sales, revenues, profits or other performance-based measures.
Sample 1
Basic Rents shall have the meaning set forth in Section 11.02(a).
Sample 1

Examples of Basic Rents in a sentence

  • Stipulated Loss Amounts and Termination Amounts have been calculated on the basis that (i) any Basic Rents actually due on the date of such calculation shall not be paid and (ii) any Basic Rents scheduled to have been paid prior to the date of such calculation are assumed to have been paid and have been appropriately reflected in such calculations.

  • Lessor and Lessee agree to include in income and deduct the Basic Rents allocated to each lease period and calendar year according to Schedule 3-B of the Participation Agreement.

  • For Section 236 properties, the increased distribution under Mark-Up-To-Market will be added as an additional expense to the New Authorized Rents to reach the New Section 8 Rents, which will also be the new Section 236 Basic Rents for the Section 8 units under contracts eligible for Mark- Up-To-Market.

  • Lessor and Lessee agree to include in income and deduct the Basic Rents allocated to each Lease Period and calendar year according to Schedule 3-B of the Participation Agreement.

  • Stipulated Loss Amounts and Termination Amounts have been calculated on the basis that (i) any Basic Rents actually due on the date of such calculation shall not have been paid and (ii) any Basic Rents scheduled to have been paid prior to the date of such calculation are assumed to have been paid and have been appropriately reflected in such calculations.

  • In addition, Lessor and Lessee intend that under no circumstances are any Basic Rents to be considered related to (i) any period after the calendar year succeeding the calendar year in which such Basic Rents are payable or any period before the calendar year preceding the calendar year in which such Basic Rents are payable or (ii) the period beginning on the Closing Date and ending on (but not including) August 17, 2001 (the "Basic Rent Holiday").

  • In addition, Lessor and Lessee intend that under no circumstances are any Basic Rents to be considered related to (i) any period after the calendar year succeeding the calendar year in which such Basic Rents are payable or any period before the calendar year preceding the calendar year in which such Basic Rents are payable or (ii) the period beginning on the Closing Date and ending on (but not including) March 28, 2002 (the "Basic Rent Holiday").

  • In addition, Lessor and Lessee intend that under no circumstances are any Basic Lease Agreement (TRLI 2001-1B) Rents to be considered related to (i) any period after the calendar year succeeding the calendar year in which such Basic Rents are payable or any period before the calendar year preceding the calendar year in which such Basic Rents are payable or (ii) the period beginning on the Closing Date and ending on (but not including) September 29, 2001 (the "Basic Rent Holiday").

  • This authorization shall be valid for two years after it is signed.

  • Program regulations [7 CFR 3560.406(d)(2)] require the buyer to agree to set Basic Rents at the housing project, covered by the assumed loans, at levels that do not exceed CRCU rents in the area.

Related to Basic Rents

  • 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.

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

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • 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 Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • 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

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

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

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

  • 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.

  • 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;

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

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

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • 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).

  • 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.

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

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

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.