New Rent Amount definition

New Rent Amount means the current market rent for the Premises payable for the period of 12 months from the relevant Review Date determined in accordance with the process set out in the table in paragraph 5 of Schedule 2 of the Property Care Contract.
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New Rent Amount means the current market rent for the Premises payable for the period of
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Examples of New Rent Amount in a sentence

  • Unless clause 5.4 of these Additional Terms applies, the new Rent payable from the First Review Date is the New Rent Amount stated in the Landlord’s Assessment.

  • If the Landlord agrees with the New Rent Amount proposed by the Property Care Provider, the Landlord will promptly issue a Landlord’s Assessment in writing to the Tenant based on the New Rent Amount proposed by the Property Care Provider and advising the Tenant of the proposed new Rent payable under the Lease, and the date from which it is payable.

  • The Property Care Provider will notify the Landlord in writing of its assessment of the New Rent Amount based on the current market valuation referred to in No. 1 above.

  • The Property Care Provider will notify the Landlord in writing of its assessment of the New Rent Amount based on the current market valuation referred to in Item 1 above.

  • If the Landlord agrees with the New Rent Amount proposed by the Property Care Provider, the Landlord will promptly issue a Landlord’s Assessment in writing to the Tenant based Landlord Item Action to be taken Party responsible on the New Rent Amount proposed by the Property Care Provider and advising the Tenant of the proposed new Rent payable under the Lease, and the date from which it is payable.

  • Landlord (b) If the Landlord fails to issue a Landlord Rent Dispute Notice within this 10 Business Day period, the Landlord will be deemed to have accepted the New Rent Amount proposed by the Property Care Provider, in which case Item 3 above will apply.

Related to New Rent Amount

  • Closing Payment Amount has the meaning set forth in Section 2.06(d).

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.