Lost Rent definition

Lost Rent means the aggregate annualized reduction in income which is expected to occur from the Early Terminated Tenant Leases, calculated based on the annualized amount of minimum rent payable under each Early Terminated Tenant Lease during the last full calendar month period immediately prior to the expiration or termination thereof.
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Lost Rent has the meaning set forth in Section 1.2(b).
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Lost Rent means the excess of (1) the rent that would have been paid by dj Orthopedics under the 2985 and 3105 Xxxxx Sublease and the 2980 Xxxxx Sublease for such period; over (2) the rent or other consideration in lieu of rent (including key money and bonus money and any payment in excess of fair market value for services rendered by PRES to New Tenant (as defined below) or assets, fixtures, inventory, equipment, or furniture transferred by New Tenant (as defined below) to PRES in connection with the Occupancy Agreement) that PRES or its successors receives from any new tenant, licensee or occupant (each, a “New Tenant”) under an Occupancy Agreement(s) for such period. Any “free rent” payable under an Occupancy Agreement shall be amortized over the base term (without regard to options to extend the base term) under any such Occupancy Agreement. PRES agrees
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Examples of Lost Rent in a sentence

  • Exports grew 30.1 percent, while imports maintained their pace of growth, with a rate of 28.3 percent due to increased consumption and investment.

  • Default: Tenant is responsible for entire Lease sum and/or Lost Rent until the Apartment is Rented to another person if Default occurs.

  • Lessor will not reimburse Tenant for Lost Rent, or offer Rent discounts, credits or reductions for any maintenance issue regardless of the time necessary to repair.

  • Because the claim remains incomplete, the Settlement Administrator is unable to determine whether the claimant is entitled to damages for Lost Rent, Use, and Sales in accordance with Pre-Trial Order 29.

  • The Thomleys timely submitted a claim for "Lost Rent, Use, or Sales," when they needed to instead file "Miscellaneous" claim.

  • Upon receipt of above, Seller shall provide to Buyer within ten (10) days thereafter documentation as required by the SFWMD to effectuate the transfer of Credits as per the conditions of the Buyer’s permit (i.e., copy of signed minor permit modification request) for the Project.

  • For purposes of this Section 13.4, "Net Lost Rent" shall mean (a) the annual rental otherwise payable by the Bankrupt Tenants pursuant to their Leases for the twelve (12) month period following the Closing Date ("Expected Rents") which, as a result of the referenced bankruptcy, are subject to nonpayment, minus (b) three percent (3%) of the aggregate annual rental income payable by all tenants of the Real Property during such twelve (12) month period following the Closing Date.

  • VIT, for instance, timely submitted a claim for "Lost Rent, Use, or Sales," and now seeks to also file a "Miscellaneous" claim.

  • The Settlement Administrator is authorized to make a Resolution Offer payment equal to up to three full months of the verified monthly rental amount for each eligible Lost Rent claim.

  • For these purposes, the Hollywood Lost Rent shall be calculated by summing, for all Hollywood Vacant Space, the annual gross rent that would have been payable under the respective Lease that formerly applied to such Hollywood Vacant Space, as such annual gross rent would have been adjusted from time to time in accordance with the terms of said former Lease.

Related to Lost Rent

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

  • 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;

  • 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.

  • 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.

  • To rent means to lease, to sublease, to let, or otherwise to grant for consideration the right to

  • 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);

  • 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 Rent Period Annual Rate Per Square Foot Monthly Base Rent

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

  • For Rent or "For Sale" thirty (30) days before the termination of this Lease. Landlord may enter the Premises at reasonable hours to exhibit same to prospective purchasers or tenants and to make repairs required of Landlord under the terms hereof, or to make repairs to Landlord's adjoining property, if any.

  • 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

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • 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.

  • 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;

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

  • 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.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

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

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • 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.

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

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • 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.

  • Landlord Delay means a delay in the construction of the Tenant Improvements or Compliance Work resulting directly from the acts or omissions of Landlord, Landlord’s employees, agents, or contractors including, but not limited to (i) failure of Landlord to timely approve or disapprove any plans; (ii) interference by Landlord, its employees, agents or contractors with the completion of the Tenant Improvements or Compliance Work (including the impairment of Tenant’s contractors’ or vendors’ or employees’ access to the Premises for any reason (including due to the presence of Landlord’s contractors, vendors or personnel), failure to provide reasonable access to the Building’s loading docks or other facilities necessary for the construction of the Tenant Improvements or Compliance Work and/or the movement of materials and personnel to the Premises for such purpose) and (iii) delays due to the acts or failures to act of Landlord, its agents or contractors with respect to payment of the Tenant Improvement Allowance. If Tenant contends that a Force Majeure Construction Delay or a Landlord Delay has occurred, Tenant acknowledges and agrees that it has inspected the Building and the Site and in no event shall the physical character or condition of the Building and/or Site existing as of the Effective Date constitute a basis for a Landlord Delay (this agreement does not apply to the failure of any Building component to properly operate). Further, in no event shall any delay of Landlord constitute a Landlord Delay unless such delay results in a full day of delay in the construction of the Tenant Improvements or Compliance Work. Tenant shall notify Landlord in writing (the “Delay Notice”) of the event which constitutes such Force Majeure Construction Delay or Landlord Delay; such notice may be via electronic mail to Landlord’s construction representative described above. Tenant will additionally use reasonable efforts to mitigate the effects of any Force Majeure Construction Delay or Landlord Delay through the re-sequencing or re-scheduling of work, if feasible, but this sentence will not be deemed to require Tenant to incur overtime or after-hours costs unless Landlord agrees in writing to bear such costs. If the actions or inactions or circumstances described in the Delay Notice constitute a Landlord Delay, and are not cured by Landlord within one (1) business day after Landlord’s receipt of the Delay Notice, then a Landlord Delay shall be deemed to have occurred commencing as of the expiration of such one (l)-business day period. The Lease Commencement Date and the Lease Expiration Date will each be delayed on a day for day basis for each day of Force Majeure Construction Delay or Landlord Delay.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.