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
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Minimum Guaranteed Rent has the meaning ascribed to it in Section 2.4(c).
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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.
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Examples of Minimum Guaranteed Rent in a sentence

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

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

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

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

  • 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.

  • The issue at stake is, in essence, whether the Respondent can submit this request on behalf of the non-disputing parties.

  • Assets fully consolidated and in joint-control are included.(a) Average annual rent (Minimum Guaranteed Rent + Sales Based Rent) per asset per sqm.(b) Rate used to calculate the net present value of future cash flows.(c) Rate used to capitalise the exit rent to determine the exit value of an asset.(d) Compounded Annual Growth Rate of Net Rental Income determined by the appraiser (10 years).For the US, the split between Flagship and Regional Shopping Centres as follows: Shopping Centres – Dec.

  • Tenant shall also be responsible for payment to Landlord, within ten (10) days after demand therefor, of the rental income or gross receipts taxes levied on the Minimum Guaranteed Rent and all additional rent payable under this Lease.

  • 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.


More Definitions of Minimum Guaranteed Rent

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
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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.
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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.
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Related to Minimum Guaranteed Rent

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

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

  • 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.

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

  • 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).

  • 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 Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • 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.

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

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

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

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

  • 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

  • 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.

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

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • 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.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • 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.

  • 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);