Indexed Rent definition

Indexed Rent means: Current Rent multiplied by (A/B) per annum where: A = The figure shown in the Index for the month immediately before the Relevant Indexation Review Date; and B = (In the case of the first Indexation Review Date) the figure shown in the Index for September 2016 and (in the case of the subsequent Indexation Review Date) the figure shown in the Index for September 2026
Sample 1Sample 2
Indexed Rent the rent calculated in accordance with paragraph 3;
Sample 1Sample 2
Indexed Rent means: Current Rent multiplied by (A/B) per annum where: A = The figure shown in the Index for the month immediately before the Relevant Review Date; and B = (In the case of Review Date 1) the figure shown in the Index for February 2015, (in the case of Review Date 2) the figure shown in the Index for August 2020, (in the case of Review Date 3) the figure shown in the Index for August 2025 and (in the case of Review Date 4) the figure shown in the Index for August 2030. PROVIDED THAT: At Review Date 1 the maximum value of (A/B) shall be 1.2409860 and the minimum value of (A/B) shall be 1.0562651; At each of Review Date 2, Review Date 3 and Review Date 4 the maximum value of (A/B) shall be 1.2166529 and the minimum value of (A/B) shall be 1.0510101;
Sample 1Sample 2

Examples of Indexed Rent in a sentence

  • Current Rent, Indexed Rent and Revised Rent are references to yearly sums.

  • Any notice to be served by the Tenant on the Developer pursuant to the provisions of this Agreement shall specify the portion of the Additional Accommodation in respect of which the Tenant requires the Developer to proceed with construction and shall also specify the Tenant's calculation of the Indexed Rent to apply to such part of the Additional Accommodation and the option to apply in relation to break clauses as set out at Clause 5.3. or Clause 5.4. (as appropriate).

  • The extractor, flask and condenser were replaced and the distillation continues until the flask is practically dry.

  • The amount so calculated shall be called the Indexed Rent Amount and shall be adjusted each year thereafter in a similar manner but in no year shall the percentage increase exceed six percent (6%).

  • When the Indexed Rent has been ascertained, a memorandum recording the Main Rent reserved on review must be entered into.


More Definitions of Indexed Rent

Indexed Rent means: Current Rent multiplied by (A/B) per annum where: A = The figure shown in the Index for the month immediately before the Relevant Indexation Review Date; and B = (In the case of the first Indexation Review Date) the figure shown in the Index for January 2018 and (in the case of the subsequent Indexation Review Date) the figure shown in the Index for September 2026.
Sample 1Sample 2
Indexed Rent means the annual rent calculated by multiplying the Base Rent by B and dividing that by A;
Sample 1
Indexed Rent the rent determined in accordance with Clause 1.4.
Sample 1
Indexed Rent means a rent of ,6.20 per sq. ft. of Gross External Area increased in accordance with the proportionate increase in the Index from (i) (where the first option is exercised) the date hereof to the date upon which the Tenant exercises its first option as hereinafter provided in respect of the Additional Accommodation or part thereof and (ii) (where the second option is exercised) the date hereof tot he date upon which the Tenant exercises its second option as hereinafter provided in respect of a further part of the Additional Accommodation.
Sample 1
Indexed Rent means Current Rent multiplied by (A/B) per annum where: A = The figure shown in the Index for February 2021 (for the First Review Date) or February 2026 (for the Second Review Date); and B = the figure shown in the Index for February 2016 (for the First Review Date) or February 2021 (for the Second Review Date)
Sample 1

Related to Indexed Rent

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

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

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • 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.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

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

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

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

  • 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;

  • Percentage Rent As defined in Subsection 3.1(b).

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

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

  • 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.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • 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.

  • 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.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • 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.

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

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

  • 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.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;