Ceded Rentals definition

Ceded Rentals means the rental income derived from the Group Properties which has been ceded securitatem debiti to the Cessionary Lenders which security has been enforced by the Cessionary Lenders prior to Business Rescue;
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Examples of Ceded Rentals in a sentence

  • The Cessionary Lenders have agreed to the Company utilising the Ceded Rentals as PCF subject to the Cessionary Lenders approving the purpose for which the Ceded Rentals would be used as set out in the Use Agreements.

  • Accordingly, the Company and the BRPs did not have access to the Ceded Rentals and required the consent of the Cessionary Lenders in respect of the Company.

  • Accordingly, the Company and the BRPs did not have access to the Ceded Rentals and required the consent of the Cessionary Lenders.

  • The Cessionary Lenders in respect of the Company have agreed to the Company utilising the Ceded Rentals as PCF subject to the Cessionary Lenders in respect of the Company approving the purpose for which the Ceded Rentals would be used as set out in the Use Agreements.

Related to Ceded Rentals

  • 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.