Contingent Rent Payment definition

Contingent Rent Payment with respect to each Quarter shall equal *. If a Contingent Rent Payment for any Quarter is reduced on account of the limitation in Section 2.2(d), the reduced amount will be carried forward to succeeding Quarters in the same Term, beginning with the next Quarter, and added to the Contingent Rent Payment (subject to the limitation in Section 2.2(d)) until the reduction has been offset by additional Contingent Rent Payments.
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Contingent Rent Payment has the meaning set forth in Section 2.2.
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Contingent Rent Payment means, as of any relevant time, an amount equal to the lesser of (A) eighty-four percent (84%) of the aggregate of all Advances theretofore made under the Transaction Agreement (less any amounts theretofore paid by Lessee as Contingent Rent Payments or Construction Failure Payments), or (B) 100% of the Acquisition Price of the Parcels remaining subject to this Lease as of the date the Contingent Rent Payment is made. In the event that any Parcel(s) are purchased by Lessee during the period ending on the Outside Funding Date (as defined in the Transaction Agreement), pursuant to any option or obligation of Lessee to make such purchase hereunder, the Contingent Rent Payment computed under clause (A) above shall be recomputed so as to equal eighty-four percent (84%) of the aggregate of all Advances theretofore made under the Transaction Agreement excluding Advances theretofore made in respect of the Parcel(s) purchased by Lessee during such period. The parties acknowledge that the obligation for the payment of Contingent Rent Payments is a rental obligation in consideration of the lease of the Property to Lessee hereunder, and that Lessee has agreed to make the Contingent Rent Payment when due hereunder in consideration of the Lessor's agreement to accept Net Rent payments during the Term in a lower amount than Lessor would otherwise be willing to accept.
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Examples of Contingent Rent Payment in a sentence

  • The Fair Value of Services received during the year, Finance Cost, Contingent Rent, Payment towards liability and Lifecycle replacement costs which are posted to the CIES.

  • Lease Guarantor joins in the execution hereof for the purpose of acknowledging the Construction Advance being made and the adjustments to the Net Rent and Contingent Rent Payment to be affected thereby.

  • If, upon termination of this Agreement, ADC's cumulative ROI over the Term has exceeded 18.8% (the "Benchmark ROI"), ADC shall pay to Heinz a contingent rent payment (the "Contingent Rent Payment") equal to fifty (50%) percent of the amount by which the ROI received by ADC over the Term exceeded the Benchmark ROI.

  • ZHCC and the Hospital shall pay each Contingent Rent Payment to the Plan in cash within 180 days after each Minimum Return Date.

  • The Interim Supplement shall, among other items included therein, specify the adjustments to the Net Rent and the Contingent Rent Payment which result from the applicable Interim Advance.

  • In any such event, and in addition to all other rights and remedies at law and in equity available to Lessor as a result of such event, Guarantor shall immediately pay or cause to be paid to Lessor, without notice or demand, the amounts due and payable to Lessor by Lessee under each Lease Agreement, either in respect of the purchase of the Property covered thereby or as a Contingent Rent Payment.

  • The Contingent Rent Payment shall be paid to Heinz in immediately available funds within thirty (30) days following the end of the Term.


More Definitions of Contingent Rent Payment

Contingent Rent Payment has the meaning set forth in Section 2.2. * Indicates portions of the exhibit that have been omitted pursuant to a request for confidential treatment. The non-public information has been separately filed with the Securities and Exchange Commission. US 1102143v.6
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Related to Contingent Rent Payment

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Contingent Payments has the meaning set forth in Section 2.3(d).

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

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

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Contingent fee as used in this clause, means any commission, percentage, brokerage, or other fee that is contingent upon the success that a person or concern has in securing a Government contract.

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

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Contingent Right means a right under this Schedule 5 which is not a Firm Right and which is subject to the fulfilment of all competing Exercised Firm Rights and any additional contingency specified in this Schedule 5;

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Interim Payment has the meaning specified in Section 10.1.

  • Contingent Consideration shall have the meaning set forth in Section 2.5.

  • Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

  • Contingent Claim means any Claim, the liability for which attaches or is dependent upon the occurrence or happening of, or is triggered by, an event, which event has not yet occurred, happened or been triggered as of the date on which such Claim is sought to be estimated or an objection to such Claim is filed, whether or not such event is within the actual or presumed contemplation of the holder of such Claim and whether or not a relationship between the holder of such Claim and FairPoint now or hereafter exists or previously existed.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Upfront Payment has the meaning set forth in Section 4.1.

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

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.