Minimum Annual Rent definition

Minimum Annual Rent shall have the meaning ascribed thereto in Section 4.1.
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Minimum Annual Rent. $41,487.96 (Forty-one Thousand Four Hundred Eighty-seven and 96/100 Dollars), payable in monthly installments of $3,457.33 (Three Thousand Four Hundred Fifty-seven and 33/100 Dollars), increased as follows:
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Minimum Annual Rent shall be as follows:
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Examples of Minimum Annual Rent in a sentence

  • The Minimum Annual Rent for the applicable Extension Term shall be an amount equal to the greater of the Minimum Annual Rent for the last year of the applicable Lease term or Minimum Annual Rent then being quoted by Landlord to prospective renewal tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the Park.

  • The Monthly Rental Installments shall be an amount equal to one-twelfth (1/12) of the Minimum Annual Rent for the applicable Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

  • Such financial statements shall be signed by Tenant or an officer of Tenant, if applicable, who shall attest to the truth and accuracy of the information set forth in such statements, or if the Minimum Annual Rent hereunder exceeds $100,000.00, said statements shall be certified and audited.

  • Tenant shall pay to Landlord the Minimum Annual Rent in the amounts of the Monthly Rental Installments set forth in Section 1.01 (e) above, in advance, without demand, abatement, counterclaim, recoupment, deduction or offset, on the Commencement Date, and, thereafter, on or before the first day of each and every calendar month thereafter during the Lease Term.

  • Minimum Annual Rent and Additional Rent are sometimes referred to herein, collectively, as "Rent".


More Definitions of Minimum Annual Rent

Minimum Annual Rent means the rental payable by Tenant for the use and occupancy of the Premises and is more specifically set forth in Section 1.9.
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Minimum Annual Rent. October 1, 2021 - February 28, 2022 $0.00 (5 months)* March 1, 2022 - September 30, 2022 $488,943.00 (7 months) October 1, 2022 - September 30, 2023 $859,142.76 per year October 1, 2023 - September 30, 2024 $880,621.32 per year October 1, 2024 - September 30, 2025 $902,636.88 per year October 1, 2025 - September 30, 2026 $925,202.88 per year October 1, 2026 - February 28, 2027 $395,138.70 (5 months) (e) "Monthly Rental Installments": October 1, 2021 - February 28, 2022 $0.00 per month* March 1, 2022 - September 30, 2022 $69,849.00 per month October 1, 2022 - September 30, 2023 $71,595.23 per month October 1, 2023 - September 30, 2024 $73,385.11 per month October 1, 2024 - September 30, 2025 $75,219.74 per month October 1, 2025 - September 30, 2026 $77,100.24 per month October 1, 2026 - February 28, 2027 $79,027.74 per month *During such period of free rent, Tenant shall pay the Annual Rental Adjustment and, if any, Additional Rent.
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Minimum Annual Rent. $682,550.04 (Six hundred eighty-two thousand five hundred fifty and 04/100 Dollars), payable in monthly installments of $56,879.17 (Fifty-six thousand eight hundred seventy-nine and 17/100 Dollars), increased as follows: Annual Monthly Lease Year Annual Monthly 2 $ 696,201.00 $ 58,016.75 6 $ 753,590.40 $ 62,799.20 3 710,125.08 59,177.09 7 768,662.16 64,055.18 4 724,327.56 60,360.63 8 784,035.36 65,336.28 5 738,814.08 61,567.84 9 799,716.12 66,643.01 10 815,710.44 67,975.87
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Minimum Annual Rent. (as defined in Section 4.1 of this Lease) which shall be due and payable during the first Renewal Term, if exercised by Tenant, shall be determined prior to the commencement of each applicable Renewal Term and shall be equal to three percent (3.0%) of the average of annual Gross Sales at the Premises for the two (2) Lease Years preceding the commencement of the applicable Renewal Term. Percentage Rent for the first Renewal Term shall be calculated in accordance with the terms of Section 4.2 of this Lease.
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Minimum Annual Rent is defined in Section 3.2.1(a) below.
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Minimum Annual Rent. The minimum annual rent ("Minimum Annual Rent") payable by Lessee to Lessor during the Second Renewal Term shall be Ninety Six Thousand Two Hundred Fifty and 00/100 Dollars ($96,250.00) per year, lawful money of the United States of America, payable in monthly installments in advance during the Second Renewal Term in sums of Eight Thousand Twenty and 83/100 Dollars ($8,020.83) on the first day of each month during the Second Renewal Term, commencing April 1, 2011." 3. Article 25 of the Lease is hereby deleted in its entirety and the following substituted therefor:
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Minimum Annual Rent. (subject to adjustment in accordance with the provisions of Section 1.01(b) above): Year 1 $ 2,792,482.44 Year 2 $ 3,779,159.57 Year 3 $ 3,854,742.76 Year 4 $ 3,931,837.62 Year 5 $ 4,010,474.37 Year 6 $ 4,090,683.86 Year 7 $ 4,172,497.53 Year 8 $ 4,255,947.48 Year 9 $ 4,341,066.43 Year 10 $ 4,427,887.76 Year 11 $ 1,112,425.00
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