Net Rentals definition

Net Rentals means all fixed rents (including as such all payments that the lessee is obligated to make to the lessor on termination of the lease or surrender of the Property other than upon termination of the lease for a default thereunder) payable under a lease or sublease of real or personal Property excluding any amounts required to be paid by the lessee (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes, and similar charges. Net Rentals for any future period under any so-called “percentage lease” shall be computed on the basis of the amount reasonably estimated to be payable thereunder for such period, but in any event not less than the amount paid or payable thereunder during the immediately preceding period of the same duration as such future period; provided that the amount estimated to be payable under any such percentage lease shall in all cases recognize any change in the applicable percentage called for by the terms of such lease.
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Net Rentals means, for any period of determination, the greater of (i) $0 or (ii) the difference between Operating Lease expenses and income from subleases of the Borrower and its Subsidiaries on a consolidated basis during such period.
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Net Rentals means all fixed rents (including as such all payments which the lessee is obligated to make to the lessor on termination of the lease or surrender of the Property other than upon termination of the lease for a default thereunder) payable under such lease excluding any amounts required to be paid by the lessee (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes and similar charges. Net rentals for any future period under any so- called “percentage lease” shall be computed on the basis of the amount reasonably estimated to be payable thereunder for such period, but in any event not less than the amount paid or payable thereunder during the immediately preceding period of the same duration as such future period; provided that the amount estimated to be payable under any such percentage lease shall in all cases recognize any change in the applicable percentage called for by the terms of such lease.
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Examples of Net Rentals in a sentence

  • The Net Rentals and SPR’s Fees (including the Distribution MG) and Expenses are not crossed but calculated on a per Picture basis.

  • Net Rentals shall mean Net Box Office Receipts actually received by SPR after deduction of (i.) the share of such exhibitor as agreed under the respective Exhibition Contract and (ii.) deduction for rebates, allowances and other credits to such exhibitor related to each of the Pictures.

  • Subject to SPR’s continuing right to recoup all Distribution Expenses from the Net Rentals of the Pictures, Licensor shall be entitled to one hundred percent (100%) of any Gross Receipts remaining after deducting on a continuing and cumulative basis the Distribution Fee and Distribution Expenses (“Licensor’s Share”).

  • The Owner shall pay to the Agent a commission (the Agent's Commission) for the services to be rendered hereunder, of an amount equal to 50% of all Net Rentals generated by the Unit during the Term hereof.

  • Owner hereby irrevocably empowers and directs the Agent to (i) pay the Operational Charges out of Gross Rentals, (ii) calculate the Agent's Commission and pay the same to Agent, and (iii) remit the balance of Net Rentals to Owner (the Owner's Share").


More Definitions of Net Rentals

Net Rentals means, with respect to any period, all fixed payments that the lessee is required to make during such period by the terms of any lease having an 57 original term of one year or more, but shall not include amounts required to be paid in respect of maintenance, repairs, income taxes, property taxes, insurance, assessments or other similar charges or additional rentals (in excess of fixed minimums) based upon a percentage of gross receipts.
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Net Rentals means all fixed rents (including as such all payments which the lessee is obligated to make to the lessor on termination of the lease or surrender of the Property other than upon termination of the lease for a default thereunder) payable under a lease or sublease of real or personal Property excluding any amounts required to be paid by the lessee (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes and similar charges. Net Rentals for any future period under any so-called "percentage lease" shall be computed on the basis of the amount reasonably estimated to be payable thereunder for such period, but in any event not less than the amount paid or payable thereunder during the immediately preceding period of the same duration as such future period; provided that the amount estimated to be payable under any such percentage lease shall in all cases recognize any change in the applicable percentage called for by the terms of such lease.
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Net Rentals means the gross rentals paid by lessees less the ordinary and necessary expenses of administering the Shopping Center incurred by DED.
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Related to Net Rentals

  • 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).

  • 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.

  • 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

  • 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.

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