Initial Period Rent definition

Initial Period Rent means the rent payable during the Initial Period and shall be the sum of [25%] of Annual Base Rent.
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Initial Period Rent shall have the meaning set forth in Subsection
Sample 1

Examples of Initial Period Rent in a sentence

  • Annual Base Rent during the Initial Period shall be payable at the Initial Period Rent rate, and Annual Base Rent during the Construction Period shall be paid at the Construction Period Rent rate.

  • Commercial Operation Date for the Generating Facility, continuing until the twenty-fifth (25th) anniversary of such Commercial Operation Date.4.5.2.2. Initial Period Rent.

  • Under the Grower Sub-Lease Agreement, the following fees are payable by the Grower: · Initial Period Rent; · Subsequent Period Rent; and · Rent Bonus.

  • There is an allocation in our capital works budget which will allow some of the lighting projects to be completed and for required design work for other projects to be undertaken.

  • Under the Sub-Lease Agreements, the following fees are payable by the Grower: · Initial Period Rent; · Subsequent Period Rent; and · Farm Lease Bonus (clause 5).

  • For the 2011 Season the Initial Period Rent of $55 is payable on Application.

  • For the 2010 and 2011 Seasons the Initial Period Rent and the Subsequent Period Rent will be payable prior to 30 June of the year immediately following Harvest from the Grower's share of the proceeds in the Project Fund.

  • Councilman Collier: So what would your recommendation be?Councilman Coté: One of the thoughts that occurred to me is and it had occurred to me previously and is reinforced by something Seth just said; because we refer specifically to one individual only, as having the only authority to do this, should we refer to that department, or that individual within that department, or within the Town...

  • A 'non-income producing' purpose (see paragraphs 47 and 48 of Taxation Ruling TR 2000/8) is not identifiable in the arrangement and there is no capital component evident in the Initial Period Fee or the Initial Period Rent.

Related to Initial Period Rent

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Grace Period Extension Date means, if:

  • 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.

  • Base Rent As defined in Section 3.1.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

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

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Extension Term means the time period defined in §2.C.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Renewal Term has the meaning set forth in Section 2.

  • Initial Term has the meaning set forth in Section 7.1.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

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

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Expense Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

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

  • Base Term Beginning (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on August 31, 2024.”

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