Escalated Rent definition

Escalated Rent. For the first Lease Year (except as otherwise provided in the definition of Rent contained in this Section 2.1) the amount of Seven Hundred Thirty Million Dollars ($730,000,000.00). Thereafter, “Escalated Rent” (i) for each Lease Year until and including the tenth (10th) Lease Year shall mean an amount equal to one hundred and two percent (102%) of the Rent as of the end of the immediately preceding Lease Year, and (ii) for each Lease Year commencing with the eleventh (11th) Lease Year and continuing through the end of the Term, an amount equal to the Rent as of the end of the immediately preceding Lease Year multiplied by the greater of (x) one hundred and two percent (102%) and (y) the CPI Increase; provided, however, that commencing with the eleventh (11th) Lease Year and continuing through the end of the Term, in no event shall the Escalated Rent for any Lease Year equal more than one hundred and three percent (103%) of the Rent payable as of the end of the immediately preceding Lease Year.
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Escalated Rent. For the applicable Lease Year, an amount equal to 100.5% of the Rent as of the end of the immediately preceding Lease Year.
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Escalated Rent means the base rent payable by Tenant on the Second Expansion Space Scheduled Commencement Date, together with all additional rent (on a per annum basis) payable by Tenant pursuant to Article 4 as of the date of determination of the Second Expansion FMRV, which amount shall be expressed as an amount of money per square foot in respect of the Premises.
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Examples of Escalated Rent in a sentence

  • Escalated Rent is calculated as Total Annual Income less Electric Charges.

  • The terms: Agreed Value, Assumed Rent, Deposit, Enumerated Financial Milestones Escalated Rent, Rent, Reserve Rate, shall have the meanings and values set forth in Appendix B.

  • SCHEDULE A Additional Premises SCHEDULE B FIXED RENT AND OPERATING EXPENSE PAYMENT Lease Year Fixed Rent Operating Escalation Escalated Rent 1 $175,598 — $175,987 2 $175,598 $4,390 $179,988 3 $175,598 $8,890 $184,488 4 $179,650 $13,502 $193,152 5 $191,807 $18,331 $210,138 6 $195,859 $23,584 $219,443 7 $208,016 $29,070 $237,086 8 $208,016 $34,997 $243,013 9 $208,016 $41,073 $249,089 The first Lease Year commences on the Additional Premises Commencement Date and ends January 31, 2011.

  • Expired/Renewed Office 18 31,552 41,861 37.38 26.11 1.70 0.5 Early Renewals Office 7 28,923 37,965 33.86 22.07 0.39 0.3 Early Renewals Retail 1 2,971 2,285 140.00 91.13 — — Early Renewals Storage 2 941 967 16.82 16.14 — — Total 28 64,387 83,078 38.35 25.94 1.04 0.3 *Annual Base Rent **Escalated Rent is calculated as Total Annual Income less Electric Charges.

  • Escalated Rent PSFWe recalculated the attribute as the output of values contained within the columns titled "Escalated Annualized Rent" divided by "Building Size,” both these data fields as noted in the Data File.

  • The rent payable by Tenant during the Option Terms ----------- ("OPTION RENT") shall be equal to ninety-seven percent (97%) of the "Market Rent" (defined below), but in no event shall the Option Rent be less than Tenant is paying under the Lease on the month immediately preceding the Option Term for monthly Base Rent plus Escalated Rent.

  • In the event Tenant shall have timely given the notice described in Paragraph A hereof and if such ROFO Space shall be incorporated into the Premises as herein provided, Tenant shall lease such ROFO Space through the Long-Term Space Expiration Date at an annual Minimum Rent (the “ROFO Minimum Rent”) equal to the Then Escalated Rent (as hereinafter defined).

  • Within thirty (30) days following its delivery of such Exercise Notice, Tenant shall deliver to Landlord Tenant’s calculation of the Market Rent or indicate that the Escalated Rent is less than the Market Rent (the “Tenant’s Option Rent Calculation”).

  • Such additional rent, together with any and all other amounts payable by Tenant to Landlord pursuant to the terms of this Lease (other than Base Rent and Escalated Rent), shall be hereinafter collectively referred to as the "ADDITIONAL RENT." The Base Rent, Escalated Rent and Additional Rent are herein collectively referred to as the "RENT." All amounts due under this Article 4 as Additional Rent shall be payable for the same periods and in the same manner, time and place as the Base Rent.

  • Storage 286 Madison Avenue 1 2.0 325 505 25.00 25.00 — — 1 2.0 325 505 25.00 25.00 — — Renewals Expired/Renewed Office 10 2.0 19,343 27,669 34.57 24.76 0.26 0.8 Early Renewals Office 10 9.4 107,935 142,270 31.69 19.17 14.62 1.0 Early Renewals Retail 2 9.1 13,282 13,866 48.49 32.31 — — Early Renewals Storage 1 2.0 325 505 25.00 25.00 — — Total 23 8.2 140,885 184,310 33.37 21.01 11.32 0.3 *Annual Base Rent **Escalated Rent is calculated as Total Annual Income less Electric Charges.


More Definitions of Escalated Rent

Escalated Rent. For the applicable Lease Year, an amount equal to [  ]% of the Rent as of the end of the immediately preceding Lease Year.
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Escalated Rent. As defined in Section 18.3.1.
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Escalated Rent the Assumed Rent for the Aircraft adjusted in accordance with the provisions of Appendix D Paragraph 2.2. PARTIAL LOSS AMOUNT : $250,000, provided, however, that if the Enumerated Financial Milestones have been achieved, then $500,000.
Sample 1
Escalated Rent. (a) For the second Lease Year through the tenth Lease Year, an amount equal to the Escalated Rent Percentage of the Rent for the immediately preceding Lease Year, and (b) for the eleventh Lease Year and for each Lease Year thereafter, including the Renewal Term, an amount equal to the greater of (i) the Escalated Rent Percentage of the Rent for the immediately preceding Lease Year and (ii) an amount equal to the product of (I) the CPI Rent Increase for such Lease Year (but in no event shall the CPI Rent Increase exceed the CPI Rent Increase Cap for purposes of this clause (ii)), multiplied by (II) Rent for the immediately preceding Lease Year.
Sample 1

Related to Escalated Rent

  • Base Rent As defined in Section 3.1.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

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

  • 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.

  • 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.

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

  • 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:

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

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

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

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • 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.

  • 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.

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

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

  • 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).

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

  • 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.

  • 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.

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

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

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

  • 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.

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

  • 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%.