Ground Lease Rent definition

Ground Lease Rent shall have the meaning ascribed to such term in Section 3.02.B(2) hereof.

Ground Lease Rent is defined in Section 3 of the Ground Lease.

Ground Lease Rent means the rent payable by BNPPLC pursuant to Paragraph 3 below.

Examples of Ground Lease Rent in a sentence

• In addition to Ground Lease Rent, Lessee agrees to pay to Lessor the cost of utilities and services furnished by Lessor to Lessee from time to time for the Leased Premises.

• Each such payment of Ground Lease Rent shall equal the Fair Rental Value, determined as provided in Annex 4.

• Notwithstanding the provisions of Section 3.02.B(2) hereof, the parties hereby acknowledge and agree that none of Manager, Marriott or any of their respective Affiliates are obligated to pay and in no event shall be liable in any way whatsoever (i) for any payment of, or failure to pay, the Ground Lease Rent to the lessor under any such ground lease; and/or (ii) if there is insufficient Operating Profit to cover the full amount of such Ground Lease Rent.

• Calculations and payments of the First Incentive Management Fee, the Second Incentive Management Fee, Tenant’s Priority, and Ground Lease Rent for each Hotel and distributions of Operating Profit made with respect to each Accounting Period within a Fiscal Year for each Hotel shall be accounted for cumulatively within a Fiscal Year, but shall not be cumulative from one Fiscal Year to the next.

• Lessee agrees to pay to Lessor rent (“Ground Lease Rent”) in the initial amount of one dollar ($1.00) per year, subject to adjustment from time to time as provided below, payable in advance on the first day of each and every year during the term of this Lease; provided, however, that the Ground Lease Rent for the first year of this Lease shall be due and payable upon the execution of the Lease.

More Definitions of Ground Lease Rent

Ground Lease Rent means the rent payable by the lessee pursuant to the ground leases described in Schedule 2.1(a).

Ground Lease Rent means all rents, penalties and fees due and payable under the Ground Lease.

Ground Lease Rent means the monthly rent described in the Ground Lease.

Ground Lease Rent shall have the meaning set forth in the Ground Lease.

Ground Lease Rent means and include all rent and other amounts payable during the term of this Lease by Landlord or Landlord's successors and assigns under the Ground Lease (excluding real estate and personal property taxes which are included in Taxes as provided in Section 2.02 (C).

Ground Lease Rent. All rent, additional rent and other costs and expenses paid by Lessor or due and payable under the Ground Lease.

Ground Lease Rent. All rent, additional rent and other costs and expenses paid by Lessor under the Ground Lease. Ground Lessor: West Jersey Health System, a non-profit corporation organized and existing pursuant to the laws of the State of New Jersey.