Land Rent definition

Land Rent means all land rent and land service charges payable (if any) to JTC or other competent authority under the JTC Lease Documents.

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Land Rent. ' means the land rent and service charge payable under this Act;

Land Rent has the meaning set forth in Section 4.4.

Examples of Land Rent in a sentence

• The Lessor shall pay the Land Rent (if applicable) in a timely manner.

• The Land Rent shall be increased on every other anniversary of the Land Rent Commencement Date by the Bi-Annual Rent Adjustment Percentage.

• Land Rent is defined as that rent due and payable to the LESSOR by the LESSEE for the Land, as measured from the outer-most limits of the leased property Premises as set forth and shown on the attached Exhibit “A”.

• The amount of the credit shall be divided into twelve equal monthly amounts and applied against the monthly amounts of Land Rent otherwise payable by the Operator.

• If the Opening Date falls on any day other than the first day of a calendar month, Land Rent for the first fractional month prior to the commencement of the first Agreement Year shall be equivalent to the monthly amount to be paid for the first Agreement Year prorated based upon the actual number of days in such fractional month.

• Verizon shall reimburse Seattle Center and deliver the Initial Payment, Annual Fees, and the Monthly Land Rent pursuant to Section 21.01or by electronic payment as may be agreed upon in writing by both Parties.

• If Verizon disagrees with the City’s proposed rate, the City will consider the information provided by Verizon and inform Verizon, within thirty (30) days of City’s receipt of the Verizon Notice, of the City’s proposed rate for the Annual Fees and/or Monthly Land Rent during the Renewal Terms.

• This credit shall be applied annually in arrears against the Land Rent due for the following Agreement Year.

• Tenant acknowledges and agrees that Tenant’s failure to submit a timely, written objection shall be deemed approval of the Executive Director’s determination of the Adjusted Land Rent commencing on, and retroactive to, the Reset Date.

• Further, Landlord may declare all Land Rent for the entire balance of the then current Lease Term immediately due and payable, together with all other charges, payments, costs, and expenses payable by Tenant as though such amounts were payable in advance on the date the Event of Default occurred.

More Definitions of Land Rent

Land Rent means rent on surface and subsurface land (excluding Wharf Area).

Land Rent means the fee paid by the Developer to the Regional Committee under the business agreement to develop an Industrial Zone business.

Land Rent shall be an amount equal to the product of (i) the Land Costs (as hereinafter defined), multiplied by (ii) Nine and One-Half Percent (9.5%). The "IMPROVEMENTS RENT" shall be an amount equal to the product of (x) the Improvements Costs (as hereinafter defined), multiplied by (y) Nine and One-Half Percent (9.5%). The Land Rent and the Improvements Rent (collectively, the "ANNUAL BASE RENT") shall be subject to annual adjustment as provided in Section 3.2 hereof and possible further adjustment at the times and in the manner described in Sections 3.4, 3.5 and 3.

Land Rent. , means a levy owing to the State by way of a quid pro quo for allowing the opportunity to conduct general survey, exploration or exploitation in the area of a Mining Authorization.

Land Rent. The base rental for each Lease Year (a "Lease Year" being defined as each consecutive 12-month period beginning on the first day of the calendar month next following the month in which the Rent Commencement Date occurs) during the Term (hereinafter referred to as the "Base Land Rent"), shall be as follows: Lease Years Annual Base Land Rent ----- --------------------- 1-5 $100,000.00 Prior Base Land Rent plus the CPI Increase over the prior 5 Lease Years not to exceed 10%.