Net Base Rent definition

Net Base Rent. As defined in Section 3.3.
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Net Base Rent means the then applicable Base Rent less the Base Year Operating Costs and Taxes.
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Net Base Rent means the aggregate of the amount specified in the Sublease Agreement as Base Rent to be paid by the Prospective Sublessee during the Sublease Term for the right to occupy the Sublease Premises, but excludes the following amounts: (A) any free rent, abated rent, deferred rent, or rent credit (whether such rent credits are earned or unearned by the Prospective Sublessee); (B) security and similar deposits paid by the Prospective Sublessee; (C) escalations or increases in Base Rent over and above the stated minimum annual rental due under the Sublease Agreement, when such escalations or increases are based upon operating expense pass-throughs provided in the Sublease Agreement; (D) any amounts owed by the Prospective Sublessee for pass-throughs of operating, utility, common area maintenance, taxes, insurance, or similar expenses; (E) damages, penalty payments, late fees, check charges, or interest relating to a default by the Prospective Sublessee; (F) payments made by the Prospective Sublessee in consideration of an early termination of the Sublease Agreement; (G) additional amounts which may be designated as rentals but which relate to special charges of non-standard or off-premises services or facilities, including parking fees, utility charges, or similar charges; (H) any amounts paid, assumed, or indemnified by Sublessor on behalf of the Prospective Sublessee in connection with any Sublease Agreement covering any space occupied by the Prospective Sublessee on the date of the Prospective Sublessee's execution of the Sublease Agreement, including, but not limited to, assumptions and Sublease Agreement reimbursement amounts; and (I) any other amounts paid by Sublessor on behalf of the Prospective Sublessee and reasonably considered by Sublessor as rent concessions, including, but not limited to, moving or relocation allowances and the value of any free parking which Sublessor may provide to the Prospective Sublessee.
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Examples of Net Base Rent in a sentence

  • The Net Base Rent for each succeeding year of the Extended Term shall be equal to one hundred five percent (105%) of the annual Net Base Rent for the immediately preceding year.

  • The Building's Annual Operating Expenses shall be paid in addition to and apart from the Net Base Rent.

  • In no event shall the determination of any Rent Adjustment owing under this Paragraph 7 result in a decrease in the Net Base Rent stated in Paragraph 1H.

  • All charges, costs and sums required to be paid by Tenant under this Lease in addition to Net Base Rent and Rent Adjustment shall be considered additional rent, and Base Rent, Rent Adjustment and additional rent shall be collectively called "Rent".

  • Tenant shall pay to Landlord Net Base Rent during the Term at the annual rate(s) stated in Paragraph 1H.

  • Net Base Rent and Rent Adjustment shall abatx xxx that part of the Premises which are untenantable on a per diem and proportionate area basis from the date of the fire or other casualty until Landlord has substantially completed the repair and restoration work; provided, that Tenant does not occupy or use such part of the Premises which are untenantable during such period.

  • The Building's Real Estate Taxes shall be paid in addition to and apart from the Net Base Rent.

  • Spending units (Ministries and their lower tier government counterparts) need to maintain systems which will satisfy Treasury controls and also their own inspection services; they also need to ensure, so far as possible, that the MoF KRU and the State Control Committee will not be able to find errors and irregularities in their operations.

  • Net Base Rent and Rent Adjustment will be prorated for partial months or years within the Term.

  • The Net Base Rent for the Lease Year commencing August 1, 2009 shall be the difference between $19.25 per square foot of Rentable Area in the Premises and the Revised Operating Expense Base per square foot of Rentable Area in the Premises.


More Definitions of Net Base Rent

Net Base Rent for purposes of this Section 2.4 shall mean the Base Rent as adjusted on the immediately preceding adjustment date less the Actual Expense Rate for the immediately preceding calendar year. Landlord shall endeavor to provide Tenant with thirty (30) days advance notice of each Base Rent Adjustment, but Landlord shall have no obligation to notify Tenant of the Base Rent Adjustment amount, and Landlord's failure to provide such notice shall not excuse performance by Tenant.
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Related to Net Base Rent

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

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

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

  • 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.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

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

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • 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.

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

  • 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.

  • 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

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

  • 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.

  • 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;

  • 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.

  • 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.

  • 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).

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

  • 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);

  • Net Rentable Area means with respect to any Project, the floor area of any buildings, structures or improvements available for leasing to tenants (excluding storage lockers and parking spaces), as reasonably determined by the Administrative Agent, the manner of such determination to be consistent for all Projects unless otherwise approved by the Administrative Agent.

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • 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.

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

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

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

  • 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.