Minimum Guaranteed Rent definition

Minimum Guaranteed Rent. Tenant must pay to Landlord monthly a minimum amount equal to at least TWENTY-THREE THOUSAND AND NO/100 ($23,000.00) DOLLARS per month. Such
Minimum Guaranteed Rent has the meaning ascribed to it in Section 2.4(c).
Minimum Guaranteed Rent shall be an annual rent of $1,000,000 payable in twelve (12) equal monthly installments, prorated as to any partial month, commencing on the Minimum Rent Commencement Date and continuing on the first day of each month thereafter, increasing by fifteen percent (15%) on every fifth (5th) anniversary of the Minimum Rent Commencement Date.

Examples of Minimum Guaranteed Rent in a sentence

  • Tenant's Minimum Guaranteed Rent includes its proportional share of the property insurance.

  • The term “Rental” as used in this Lease shall be deemed to refer to and include both Minimum Guaranteed Rent and Percentage Rent as well as any required payment designated as additional rent or rental.

  • Financial Proposals must include an offer of Minimum Guaranteed Rent and are encouraged to include an offer of Participation Rent.

  • For the purposes of the evaluation, Minimum Guaranteed Rent will be given higher weight than Participation Rent.

  • Its main objectives remark the relevance of: 1) raising awareness about the contribution made by carers to health and social care system, 2) ensuring that EU and national policies take account of carers (e.g. promoting the development of support services).

  • The adjusted Minimum Guaranteed Rent annual adjustment shall not exceed 3% within a contract year.

  • Payment of such liquidated damages (i) shall be in addition to Minimum Guaranteed Rent, additional rent and all other payments due from Tenant under the Lease and (ii) is intended to be only a partial and temporary remedy for Landlord during the continuance of such violation (and therefore shall not relieve Tenant of any obligation under the Lease, excuse any such default or waive Landlord’s other remedies therefor).

  • If Tenant fails to provide Landlord with evidence of the inspection and maintenance of the heating, air conditioning and ventilation equipment as required hereinabove, Tenant shall pay to Landlord upon demand the same late charge fee assessed for late payment of Minimum Guaranteed Rent for each such failure.

  • If Tenant ceases to operate its business from the Premises for a period greater than fifteen (15) consecutive days (and such cessation is not due to a casualty), then, Landlord shall have the right to collect upon demand, in addition to Minimum Guaranteed Rent, additional rent and all other payments due from Tenant under the Lease, liquidated damages in an amount equal to One Hundred Fifty Percent (150%) of the per diem Minimum Guaranteed Rent for each and every day that such violation shall continue.

  • These are defined as follows: • Pre-Possession Payments and Construction Period Rent – These should conform to the parameters in Section VIII.3 and IX.A. • Minimum Guaranteed Rent – The annual rent that the Proposer offers to pay to the City.


More Definitions of Minimum Guaranteed Rent

Minimum Guaranteed Rent means the rent set out in Section 1.1(f) and payable in accordance with Article 4. Percentage Rent/Privilege Fee means the percentage rent/privilege fee calculated as provided for in Section 1.1(g) and Article 4.
Minimum Guaranteed Rent. From the Rent Commencement Date through the First Lease Year as defined below in Section 1.8 the Minimum Guaranteed Rent shall be Six Hundred Eighty-two and 50/100 Dollars ($682.50) per month. Effective on January 1 of each subsequent Lease Year, the amount of Minimum Guaranteed Rent shall be increased by four percent (4%) as follows: January 1, 2001 through December 31, 2001 $709.80/Month January 1, 2002 through December 31, 2002 $738.19/Month
Minimum Guaranteed Rent shall consist of the aggregate of “Fixed Minimum Guaranteed Rent” and “Enhancement Minimum Guaranteed Rent” as set forth below. Payment of Minimum Guaranteed Rent shall commence on the Minimum Rent Commencement Date and continue on the first day of each month thereafter.

Related to Minimum Guaranteed Rent

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Guaranteed Sum means: The maximum aggregate amount of R

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

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto. (a) Base Rent Paid Upon Execution: $ N/A as Base Rent for the period N/A.

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

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

  • 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.

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • 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).

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

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

  • Guaranteed Obligation and “Guaranteed Obligations” shall have the meaning assigned thereto in the Guarantee set forth on the signature pages hereto.

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Guaranteed Loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

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

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • 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;

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

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

  • 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.

  • Guaranteed Liabilities means all moneys, obligations and liabilities expressed to be guaranteed by the Guarantor in clause 2.1;

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

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of Indebtedness contained in this Section guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i) to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, (iii) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered), (iv) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or (v) otherwise to assure a creditor against loss; provided that the term "guarantee" shall not include endorsements for collection or deposit, in either case in the ordinary course of business.