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.
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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 $________.

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

  • 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 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 Head Lease Rent payable by the Head Lessee pursuant to Section 3(b) of the Head Lease is the amount specified as “Head Lease Payment” on Exhibit B hereto.

  • 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.

  • In order to obtain funds for payment of the Head Lease Rent or Transaction Costs or to return funds made available to the Owner Lessor by the Owner Participant, the Trust Company is authorized to sell any investments or obligations purchased as aforesaid.

  • 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.