Minimum Base Rent definition

Minimum Base Rent means the fixed minimum annual rent for any given year (which includes Landlord's stipulated base operating expenses and taxes and also includes any rent due for must-take space in years in which rent on such space is due) provided in the lease for office space or commercial plaza space, excluding any and all other additional rent (such as, but not limited to, operating expense escalations, tax escalations, payments for tenant improvements in excess of building standing provided by Landlord, percentage rent, cost-of-living escalation or parking).
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Minimum Base Rent. The Minimum Base Rent payable during the first and second Lease Years is $75,600.00 per annum payable in equal monthly installments in advance of $6,300.00. The Minimum Base Rent payable during the third Lease Year is $78,624.00 per annum payable in equal monthly installments in advance of $6,552.00 The Minimum Base Rent payable during the
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Minimum Base Rent. The Minimum Base Rent payable for the period beginning on March 1, 1994 and ending on February 28, 1996 is $75,600.00 per annum payable in equal monthly installments in advance of $6,300.00 The Minimum Base Rent payable during the period from March 1, 1996 to December 31, 1996 is $78,624.00 per annum payable in equal monthly installments in advance of $6,552.00. The Minimum Base Rent payable during the
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Examples of Minimum Base Rent in a sentence

  • Notwithstanding the provisions of this Paragraph 1 to the contrary, in the event an existing tenant enters into a new lease for space in the Project, Manager shall receive a commission of four percent (4%) of the total Minimum Base Rent for the first five years of the new lease term, two percent (2%) of the total Minimum Base Rent for the sixth through tenth years of the new lease term, and no commission for any additional years of the new lease term.

  • Where the tenant, or the Owner, has the right to cancel a lease prior to the expiration date, Manager shall initially be paid a commission based on the aggregate Minimum Base Rent for the uncancellable portion of the term, plus any cancellation penalty or fee payable by tenant pursuant to the lease.

  • If, thereafter, the lease is not cancelled by the tenant or if the right of cancellation is exercised by Owner only, Manager shall be paid the balance of the commission based on the aggregate Minimum Base Rent for the remaining portion of the lease term, less the cancellation fee or penalty computed as if there had been no right of cancellation in the lease.

  • Manager would be entitled to a commission of 4% of the annual additional Minimum Base Rent for the first two years (i.e., the 4th and 5th years), 2% of the additional annual Minimum Base Rent for following five years (i.e., the 6th through 10th years), and 1% of the additional annual Minimum Base Rent for the next five years (i.e., the 11th through 15th years).

  • Owner shall pay commissions to Manager in accordance with this commission schedule (this "Schedule") for leases of any space in the Project as follows: (i) four percent (4%) of the total Minimum Base Rent for the first five years of the lease term, (ii) two percent (2%) of the total Minimum Base Rent for the sixth through tenth years of the lease term, and (iii) one percent (1%) of the total Minimum Base Rent for the eleventh through fifteenth years of the lease term.

  • The Developer will pay the Port the greater of the Minimum Base Rent or the Percentage Rent.

  • During Lease Years 8 to 12 (Operation Period Years 6 to 10)The amount by which 4.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations exceeds Minimum Base Rent.

  • In case of non-compliance of these provisions, "I" grade shall automatically be converted into "FF" gradeR 31.

  • If a separate bill is not issued, any such sales, use or excise taxes shall be paid by Tenant to Landlord, as additional Rent, at the same time that each of the Minimum Base Rent and Percentage Rent, or any other sum or amount with respect to which such taxes are paid by Tenant to Landlord.

  • During Lease Years 3 to 7: (Operation Period Years 1 to 5)The amount by which 3.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations (Teatro ZinZanni’s Operations on the Site) exceeds Minimum Base Rent.


More Definitions of Minimum Base Rent

Minimum Base Rent means the annual Minimum Base Rent due and payable by the Lessee on a monthly basis for the use of the subject Property and which commences at $80,000 per annum.
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Minimum Base Rent means the rent reserved for the Initial Term (not including any Option Term) of $1,128,786.75, which amount is payable in monthly installments as follows: 1 through 12 (Lease Year 1)* $ 19.50 $ 8,958.63 13 through 24 (Lease Year 2) $ 19.50 $ 8,958.63 25 through 36 (Lease Year 3) $ 19.50 $ 8,958.63 37 through 48 (Lease Year 4) $ 19.50 $ 8,958.63 49 through 60 (Lease Year 5) $ 19.50 $ 8,958.63 61 through 72 (Lease Year 6) $ 21.45 $ 9,854.49 73 through 84 (Lease Year 7) $ 21.45 9,854.49 85 through 96 (Lease Year 8) $ 21.45 $ 9,854.49 97 through 108 (Lease Year 9) $ 21.45 $ 9,854.49 109 through 120 (Lease Year 10) $ 21.45 $ 9,854.49 * Minimum Base Rent is abated during the Abated Rent Period. Minimum Base Rent during any Option Term means the aggregate annual Minimum Base Rent for each Lease Year during such Option Term calculated as provided in Exhibit C attached hereto, and such Minimum Base Rent shall be payable in monthly installments as provided in Exhibit C attached hereto.
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Minimum Base Rent the base rent to be paid by Tenant to Landlord on a monthly basis throughout the Lease Term, and which shall be two thousand five hundred dollars ($2,500.00) per month adjusted annually by the Inflation Factor. Mortgage: a mortgage or deed of trust. Mortgagee: the holder of a mortgage or deed of trust.
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Minimum Base Rent has the meaning set forth in Section 601(A)(3) of this Lease.
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Minimum Base Rent means the annual Minimum Base Rent due and payable by the Lessee on a monthly basis for the use of the subject Premises and shall have the sum ascribed to it in Section 4.1.1 .
Sample 1

Related to Minimum Base Rent

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

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

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

  • 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.

  • 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.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • 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

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

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

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

  • 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.

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

  • 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.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • 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).

  • 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.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Hourly Work Requirement means the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.

  • 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.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • 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;

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

  • Minimum Payments $50 (with respect to all funds in the aggregate.)