Head Lease Rent definition

Head Lease Rent shall have the meaning specified in Section 3.2(a) of the Head Lease.
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Head Lease Rent means the amounts designated as such in Head Lease Supplement No. 1, or, if executed, Head Lease Supplement No. 2.
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Head Lease Rent means the annual rent payable from time to time in terms of the Head Lease; "Laboratory Equipment" means the laboratory equipment detailed in Part 3 of the Schedule; "Landlord's Works" means the works being carried out by the Landlord, their agents and contractors in upgrading the systems within the Premises to be updated to bring them to the same standard as the systems throughout the rest of the Landlord's campus; "Lease" means this Lease, as it may be amended from time to time; "Lettable Part" means all parts of the Building including the Premises let or capable of letting; "Management Rules and Regulations" means such rules and regulations relative to the Building as the Landlord may acting properly and reasonably set down from time to time, in the interests of good estate management; · "Parties" means the Landlord and the Tenant; "Party" shall mean either of them; "Permitted Use" means use for the research and development of products and processes relating to the Life Sciences and for no other purpose without the prior written consent of the Landlord; "Premises" means those premises described in Part 1 of the Schedule; "Quarter Day" means the Scottish Quarter Days of Candlemas (Twenty Eighth August), Whitsunday (Twenty Eighth May), Lammas (Twenty Eighth August) and Martinmas (Twenty Eight November); "Rent" means FORTY SIX THOUSAND TWO HUNDRED AND TWENTY TWO POUNDS (£46,222) STERLING per annum exclusive of VAT, subject to review in terms of Clause 4; "Review Date" means the date from which the Duration of the Lease is extended in terms of Clause 2.2; c:\nrportb imanage\rogden\ 13653232_2.docPage 4
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Examples of Head Lease Rent in a sentence

  • The Periodic Lease Rent allocated to each Rental Period for the use by the Lessee of the Project shall be an amount equal to the product of (x) the Head Lease Rent therefor multiplied by (y) the percentage set forth opposite such Rental Period in Schedule 2 hereof under the caption "Allocation Percentage" (the "Allocated Rent").

  • Termination Values for any Termination Date in respect of the Project shall be an amount equal to the product of (x) the Head Lease Rent therefor multiplied by (y) the percentage set forth under the heading "Termination Value Percentages" on Schedule 3 hereto.

  • The Head Lease Rent for the Project, designated as such in the Head Lease Supplement therefor, is $71,000,000.

  • The Head Lease Rent for the Project, designated as such in the Head Lease Supplement therefor, is $________.

  • The use by the Lessee of the Head Lease Rent will not violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including Regulations T, U and X of the regulations of the Board of Governors of the Federal Reserve System.

  • The parties hereto acknowledge that the Rent Payment Dates are monthly under this Sublease while the Head Lease Rent Payment Date is semi-annual.

  • The parties agree that for Federal, state and local income tax purposes, (i) this Head Lease constitutes a sale of the Undivided Interest and Software Rights from the Head Lessor to the Head Lessee, and (ii) the Head Lease Rent will be treated as proceeds realized from such sale and assignment.

  • The Non-Georgia Trust Company shall not be liable for any interest on or loss resulting from such investments and, if such funds are made available to the Owner Trustee and utilized to pay Head Lease Rent or Transaction Costs on the Closing Date, Oglethorpe shall reimburse the Non-Georgia Trust Company for any net loss realized on the investment of such funds.

  • The Trust Company shall not be liable for any interest on or loss resulting from such investments and, if such funds are made available to the Owner Lessor and utilized to pay the Head Lease Rent or Transaction Costs on the Closing Date, TVA shall reimburse the Trust Company for any net loss realized on the investment of such funds.

  • The Head Lessee hereby agrees to pay the Head Lessor rent in the amount of the Undivided Interest Cost on the Closing Date for the Head Lease Basic Term and all Head Lease Renewal Terms (the "Head Lease Rent").

Related to Head Lease Rent

  • 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%.

  • Base Rent As defined in Section 3.1.

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.