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

  • Monthly Base Rent shall be prorated for partial months within the Term.

  • In the event the whole or any substantial part of the Building or of the Premises is taken or condemned by any competent authority for any public use or purpose (including a deed given in lieu of condemnation) and is thereby rendered untenantable, this Lease shall terminate as of the date title vests in such authority, and Monthly Base Rent and Rent Adjustments shall be apportioned as of the Termination Date.

  • All such amounts (including Monthly Base Rent, Rent Adjustments, and Rent Adjustment Deposits) not paid when due shall bear interest from the date due until the date paid at the Default Rate in effect on the date such payment was due.

  • Notwithstanding the foregoing, in no event shall the sum of Monthly Base Rent and the Rent Adjustments be less than the Monthly Base Rent payable.

  • Effective as of the date of recapture of any portion of the Premises pursuant to this section, the Monthly Base Rent, Rentable Area of the Premises and Tenant’s Share shall be adjusted accordingly.


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 has the meaning specified in Clause 4.2 of each Master 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 4.2 of the Series 2013-G1 Lease.
Monthly Base Rent shall have the meaning described in Section 4(a).
Monthly Base Rent has the meaning specified in Section 4.1 of the HVF Lease.
Monthly Base Rent with respect to each Payment Date and each Group IV Acquired Vehicle leased under the Operating Lease on any day during the Related Month, shall be the sum of all Depreciation Charges that have accrued with respect to such Group IV Vehicle during the Related Month.