Initial Monthly Base Rent definition

Initial Monthly Base Rent means the Monthly Base Rent payable by Tenant for the first full calendar month of the first Lease Year.
Sample 1Sample 2
Initial Monthly Base Rent. Twenty Seven Thousand Six Hundred Sixty Four Dollars $27,664 INITIAL ESTIMATED MONTHLY 1. Utilities: $127 OPERATING EXPENSE PAYMENTS: (estimates only and subject to 2. Common Area Charges: $1,134 adjustment to actual costs and expenses according to the 3. Taxes: $3,951 provisions of this Lease) 4. Insurance: $97 INITIAL ESTIMATED MONTHLY OPERATING EXPENSE PAYMENTS: $5,309 INITIAL MONTHLY BASE RENT AND OPERATING EXPENSE PAYMENTS: $32,973 SECURITY DEPOSIT: $57,075 - $27,664 of said Security Deposit will be refunded to Tenant when MicroTel ("Guarantor") provides Landlord with audited financial statements at year end 1997 or there after showing net income in excess of $1,000,000 BROKER: Jim Xxxxxx/Xxxliers Parrxxx Xxxernational, Inc. ADDENDA: Addendum I, II, III, IV, V and VI Exhibit A, B, B-1, C and Guarantee
Sample 1
Initial Monthly Base Rent. Two Dollars and Fifty Cents ($2.50) times the Rentable Square Feet contained within the Premises, subject to adjustment as provided in subparagraph 1(m) below and as otherwise provided in this Lease, including the Addendum hereto.
Sample 1

Examples of Initial Monthly Base Rent in a sentence

  • If a majority of the Brokers is unable to set the Extension Term Initial Monthly Base Rent within the stipulated period of time, the three (3) evaluations shall be added together and their total divided by three (3); the resulting quotient shall be the Extension Term Initial Monthly Base Rent for the Premises.

  • Within thirty (30) days after the selection of the third Broker, a majority of the Brokers shall set the Extension Term Initial Monthly Base Rent.

  • If two (2) Brokers are appointed by Landlord and Tenant as stated in this Paragraph, they shall meet promptly and attempt to set the Extension Term Initial Monthly Base Rent.

  • If only one (1) evaluation is disregarded, the remaining two (2) evaluations shall be added together and their total divided by two (2); the resulting quotient shall be the Extension Term Initial Monthly Base Rent for the Premises.

  • If both the low evaluation and the high evaluation are disregarded as stated in this Paragraph, the middle evaluation shall be the Extension Term Initial Monthly Base Rent for the Premises.

  • Landlord and Tenant shall have thirty (30) days after Landlord receives the Exercise Notice in which to seek to agree on the Extension Term Initial Monthly Base Rent.

  • All amounts due hereunder shall be deemed to be Additional Base Rent and shall be paid at the same time and in the same manner as Initial Monthly Base Rent pursuant to Section 3A of Lease.

  • If either Landlord or Tenant does not appoint a Broker within ten (10) days after the other party has given notice of the name of its Broker, the single Broker appointed shall be the sole Broker and shall set the Extension Term Initial Monthly Base Rent.

  • Annual Base Rent shall be paid in equal monthly installments in the amount of the Initial Monthly Base Rent set forth in Section 1 hereof, as adjusted annually pursuant to Section 3B hereof, in advance on or before the first day of each month of the Term.

  • The Extension Term Initial Monthly Base Rent shall increase by three percent (3%) on an annual basis.


More Definitions of Initial Monthly Base Rent

Initial Monthly Base Rent on Page 1 of the Lease and Addendum One of the Lease is hereby amended to be $43,340.00 for lease years 1-5 and $49,841.00 for lease years 6-10.
Sample 1
Initial Monthly Base Rent. One Hundred Sixty-Six Thousand Six Hundred Sixty Six and 67/100 Dollars ($166,666.67) Signage Tenant may install a sign at Tenant's cost and expense identifying Tenant on or adjacent to the Building provided the location, dimensions and appearance of such sign are approved in writing by Landlord and the sign complies with all applicable governmental requirements
Sample 1
Initial Monthly Base Rent. $ 10,023.75 Initial Estimated Monthly 1. Utilities: premises electricity & gas separately metered to Tenant Operating Expense Payments: (estimates only and subject to 2. Common Area Charges: $ 747.23 adjustment to actual costs and expenses according to the 3. Taxes: $ 1,324.96 provisions of this Lease) 4. Insurance: $ 142.16 5. Others: (Mgmt. fee) $ 331.70 Initial Estimated Monthly Operating Expense Payments: $ 2,546.05 Initial Monthly Base Rent and Operating Expense Payments: $ 12,569.80 Security Deposit: $ 3,700.00 Broker: J. Xxxxxx Xxxxxxxxx, Xxxxxxxx Xxxx Central Texas, Ltd. and Xxxxx Xxxxx, Commercial Industrial Properties Addenda: Rules and Regulations; Exhibit A -- Location of Premises; Addendum -- Right to Extend Term; Construction Allowance
Sample 1

Related to Initial Monthly Base Rent

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

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

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • 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.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • 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.

  • Monthly shall be construed accordingly;

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • 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.

  • Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6;

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • 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.

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

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

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

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

  • Base Year means the period set forth in Section 5 of the Summary.

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

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees' fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series' statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series' “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are "extraordinary" as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LP By: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx Chief Financial Officer THE ROYCE FUND By: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx Treasurer April 29, 2024 The Royce Fund 000 Xxxxx Xxxxxx New York, NY 10151 Gentlemen: Reference is made to the Investment Advisory Agreement dated July 31, 2020 (the “Agreement”), by and between The Royce Fund (the “Fund”), on behalf of Xxxxx Total Return Fund (the “Series”), and Royce & Associates, LP (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services it provides under the Agreement for the period beginning May 1, 2024, and ending April 30, 2025 (the “Period”), and/or agrees to reimburse expenses relating to the Period to the Series with respect to its Service Class of shares (the “Class”) in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for the Class are not more than 1.49% of the Class’s average net assets for the Period. The Adviser's obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Month means calendar month.

  • 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

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).