Minimum Guaranteed Rental definition

Minimum Guaranteed Rental. $6.00 per square foot annually, payable in arrears in twelve (12) monthly installments per year.
Sample 1
Minimum Guaranteed Rental. Minimum Guaranteed Rental shall be $2,400 per month from the Commencement Date through February 29, 2004, and $2,500 per month during the remainder of the Lease Term.
Sample 1
Minimum Guaranteed Rental. $ See Exhibit "C" Rental Schedule per month, payable in advance.
Sample 1

Examples of Minimum Guaranteed Rental in a sentence

  • No such partial destruction (including any destruction necessary in order to make repairs required by any declaration made by any public authority) shall in any way annul or void this Lease except that Tenant shall be entitled to a proportionate reduction of the Minimum Guaranteed Rental while such repairs are being made, such proportionate reduction to be based upon the extent to which the making of such repairs shall interfere with the business carried on by Tenant in said Demised Premises.

  • The receipt and acceptance by Landlord of a delinquent payment of Minimum Guaranteed Rental or any amount payable by Tenant to Landlord shall not constitute a waiver of any other default; it shall only constitute only a waiver of the timely payment for the particular amount involved.

  • Commencing on the first day of the month following the date of such written notice, Minimum Guaranteed Rental shall increase to Twenty-Five and no/100 Dollars ($25.00) per square foot, which Minimum Guaranteed Rental shall remain in place through the expiration of the Initial Term.

  • It is agreed that after the First Lease Year and during the Lease Term and Option Periods, Minimum Guaranteed Rental shall be computed as follows: Multiply the Minimum Guaranteed Rental provided for in Article 1.1 (g) by a fraction, the numerator of which is the Consumer Price Index established for the last preceding December, and the denominator of which is the Consumer Price Index established for the month preceding the Rental Commencement Date of this lease.

  • In determining the rent which would be payable by Tenant hereunder, subsequent to default, the annual rent for each year of the unexpired term shall be equal to the Average Minimum Guaranteed Rental to include annual escalator increases of three percent (3%).

  • During any such month-to-month tenancy, Tenant shall pay to Landlord one hundred fifty (150%) percent of the Minimum Guaranteed Rental paid during the last month of the Lease term plus any forms of additional rent including Percentage Rental, if required by said Lease.

  • During each month of the Term, together with the payment of Minimum Guaranteed Rental, Tenant shall make a monthly payment to Landlord equal to one twelfth (1/12) of its Proportionate Share of the Insurance on the Shopping Center which will be due and payable for that particular year.

  • Current coverage is driven by the three, 8-hour shifts that comprise each day.

  • The total Minimum Guaranteed Rental for each Lease Year after the First Lease Year during the Lease Term shall be recomputed in accordance with the above stated formula as soon as practicable after the end of each Lease Year of this lease.

  • In determining the rent which would be payable by Tenant hereunder, subsequent to default, the annual rent for each year of the unexpired term shall be equal to the average Minimum Guaranteed Rental and percentage rent paid by Tenant from the Rental Commencement Date to the time of default or during the preceding two (2) calendar years, whichever period is shorter.


More Definitions of Minimum Guaranteed Rental

Minimum Guaranteed Rental. Rate Paid in Advance at the Beginning of Each Year: Year 1: $281,926.00 Annual Rent Year 2: $286,886.00 Annual Rent Year 3: $291,846.00 Annual Rent Year 4: $296,806.00 Annual Rent Year 5 $301,766.00 Annual Rent Year 6: $306,726.00 Annual Rent Year 7: $311,686.00 Annual Rent Year 8: $316,646.00 Annual Rent Year 9: $321,606.00 Annual Rent Year 10: $326,566.00 Annual Rent
Sample 1
Minimum Guaranteed Rental. $5,724.37 payable in advance, on the first day of each month.
Sample 1
Minimum Guaranteed Rental as shown on EXHIBIT "D" (which is attached hereto, and is incorporated herein by reference for all purposes as if copied at length), payable in advance.
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Minimum Guaranteed Rental. Outlined in Exhibit D on an individual store basis.
Sample 1
Minimum Guaranteed Rental. Payable in advance at the rate of $5,833.33per month ($28.00 per SF) beginning on the date Tenant opens for business but no later than One Hundred Twenty (120) days after Commencement Date. whichever is earlier, due on the first day of each and every month for Sixty (60) months and $6,416.67 ($30.80 per SF) beginning on the Sixty First (61) month for the next Sixty (60) months.
Sample 1
Minimum Guaranteed Rental as set forth in Article I, Section 1.1(k); $5,833.33 “Minimum CAM, Insurance, and Tax Charge” as set forth in Article I, Section 1.1(l); $1,093.75 Monthly Payment Total: $6,927.08
Sample 1

Related to Minimum Guaranteed Rental

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

  • 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

  • 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.

  • 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.

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

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

  • 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.

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

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

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

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

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

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

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Consolidated Rentals means, with reference to any period, the Rentals of the Borrower and its Subsidiaries calculated on a consolidated basis for such period.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.