Monthly Base Rent definition

Monthly Base Rent. The monthly rent specified in Section 1.01(8).
Monthly Base Rent with respect to each Due Date and each Financed Vehicle leased under the Lease on any day during the Related Month, shall be the sum of all Depreciation Charges that have accrued with respect to such Vehicle during the Related Month.
Monthly Base Rent is defined in paragraph 9 of Annex A and paragraph 6 of Annex B to the Master Lease.

Examples of Monthly Base Rent in a sentence

  • Beginning on October 1, 2023, the Rent Commencement Date, CBC shall pay in advance to City Monthly Base Rent, without prior demand and without deduction or set-off, continuing thereafter for so long as this Lease is in effect, except as otherwise provided herein for Rent Credits.

  • If the calculated amount for percentage rent for any month exceeds the Monthly Base Rent owed for that month, Monthly Base Rent and Monthly Percentage Rent shall be due for that month.

  • Monthly Percentage Rent shall be calculated by first deducting the amount due for Monthly Base Rent for the net amount due for Monthly Percentage Rent for that month.

  • Percentage rent to be paid each month shall be owed only if the calculated payment exceeds the amount due for Monthly Base Rent that month.

  • In addition to Monthly Base Rent, CBC shall pay to City percentage rent each month in the amount of three percent (3%) of the Gross Sales for that month, but subject to the additional restrictions provided herein.


More Definitions of Monthly Base Rent

Monthly Base Rent has the meaning specified in Section 4.2 of the Series 2010-3 Lease.
Monthly Base Rent. (Article 3): Months of Term Monthly Base Rent 1 through 2 $0 3 through 12 $21,649 13 through 24 $22,066 25 through 36 $22,482 37 through end of term $22,898
Monthly Base Rent has the meaning specified in Clause 4.2 of each Master Lease.
Monthly Base Rent has the meaning specified in Section 4.2 of the Series 2013-G1 Lease.
Monthly Base Rent payable during each Lease Year shall be determined in accordance with the following:
Monthly Base Rent has the meaning specified in Section 4.1 of the HVF Lease.
Monthly Base Rent shall have the meaning described in Section 4(a).