Guaranteed Rent definition

Guaranteed Rent means the aggregate annual rent, additional rent and other charges, fees, costs and expenses that Ultra or any of its Subsidiaries is required to pay to the Landlords under the Guaranteed Leases from time to time through the remaining terms of the Guaranteed Leases, regardless of such Person’s volume of business and taking into account any expected escalations in rent, operating expenses and other charges in accordance with the terms of the Leases.

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Guaranteed Rent means the aggregate annual rent, additional rent and other charges, costs and expenses that Computer Sciences GS or any of its Subsidiaries is required to pay to the Landlords under the Guaranteed Leases from time to time through the remaining terms of the Guaranteed Leases, regardless of such Person’s volume of business.

Guaranteed Rent shall have the meaning given such term in Section 2.A hereof.

Examples of Guaranteed Rent in a sentence

• Notwithstanding any provision to the contrary contained herein, the Fair Board acknowledges and agrees that no portion of the Additional Guaranteed Rent is intended to be used for the payment of Bond Debt Expense.

• If Tenant is for any reason (other than by reason of any waiver, discharge or other event pursuant to the terms of the Leases) under no legal obligation to pay any of the Guaranteed Rent, or if any other moneys included in the Guaranteed Rent have become unrecoverable from Tenant by operation of law or for any other reason, the obligations of Guarantor contained in this Agreement shall nevertheless remain in full force and effect and shall be binding upon Guarantor.

• As an example and for avoidance of doubt, if the property tax payment from Bristol to the Metropolitan Government is $120,000 during the 2024 Lease Year, the quarterly Base Rent payments during the 2025 Lease Year shall be reduced by $30,000; provided that if the amount of such property tax payment exceeds the Minimum Rent for such Lease Year, such excess shall be offset against Additional Guaranteed Rent, Contingent Rent and Percentage Rent, as applicable, until Bristol has recouped such amounts in full.

• From and after the Rental Commencement Date, Concessionaire shall pay to the City the greater of Minimum Annual Guaranteed Rent or Percentage Rent.

• Guarantor's obligations hereunder shall be limited to Guaranteed Rent accruing during a period commencing on the date hereof and shall continue in effect as set forth in subsections A.

• Upon the reopening of the Premises, which Concessionaire shall reopen on the day following the cessation of such material adverse effect, Concessionaire’s payment of Guaranteed Rent to the City shall immediately recommence on the date of the reopening of the Premises.

• If the Premises are relocated or reduced to a size reflecting a 10% or greater decrease in the Floor Area, the parties agree to negotiate in good faith on a commercially reasonable basis with respect to an equitable adjustment to Guaranteed Rent.

• All amounts of Guaranteed Rent, Percentage Rent and Additional Rent (collectively “Rentals”) payable in a given month shall be deemed to comprise a single rental obligation of Concessionaire to the City.

• Tenant's Minimum Guaranteed Rent includes its proportional share of the property insurance.

• Guarantor hereby covenants and agrees that it shall not enforce or otherwise exercise any rights of reimbursement, subrogation, contribution or other similar rights against Tenant or any other person with respect to the Guaranteed Rent prior to the payment in full of the obligations of Tenant under the Leases.

More Definitions of Guaranteed Rent

Guaranteed Rent means the Minimum Annual Guaranteed Rent (“MAG”) more fully described in Section 3.01.

Guaranteed Rent means, with respect to each Lease Delivery, as of any Rent Payment Date, the sum of (a) the amount of the Lease Supplement Financed Amount scheduled to be paid on such Rent Payment Date (calculated either by the Level Amortization Method or the Level Rent Method, as specified in the relevant Ex­Im Bank Approval) plus (b) interest on the unpaid amount of the Lease Supplement Financed Amount, calculated at the Guaranteed Interest Rate, from and including the immediately preceding Rent Payment Date to and excluding such Rent Payment Date. the economic life of the asset, even if title is not transferred; at the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset; and the lease assets are of a specialized nature such that only the lessee can use them without major modifications being made.

Guaranteed Rent means the aggregate annual rent, additional rent and other charges, costs and expenses that CSRA or any of its Subsidiaries is required to pay to the Landlords under the Guaranteed Leases from time to time through the remaining terms of the Guaranteed Leases, regardless of such Person’s volume of business.

Guaranteed Rent means the minimum aggregate annual rent, additional rent and other charges, costs and expenses that HBI or any of its Subsidiaries is required to pay to the Landlords under the Guaranteed Leases from time to time, regardless of such Person’s volume of business.