Participating Rent definition

Participating Rent. As defined in Sections 3.1(b), 3.1(c) and 3.1(d).
Participating Rent. The Proposal must state WMATA’s participating share of gross or net income from the Project, when and on what basis it is payable and, if net income is used, how it is calculated. (WMATA’s strong preference is to participate in gross income.) Be advised that even if the Proposal ignores this issue, WMATA will nevertheless still expect to participate in gross or net income and the issue will be negotiated as part of a Term Sheet or Development Agreement.
Participating Rent for the purposes of this Section 16.2 shall be a sum equal to (i) the average of the annual amounts of the Participating Rent for the three 12-month Lease Years immediately preceding the Lease Year in which the termination, re-entry or repossession takes place, or (ii) if three 12-month Lease Years shall not have elapsed, the average of the Participating Rent during the preceding 12-month Lease Years during which the Lease was in effect, or (iii) if one 12-month Lease Year has not elapsed, the amount derived by annualizing the Participating Rent from the effective date of this Lease.

Examples of Participating Rent in a sentence

  • Participating Rent ProposalThe City of Medford will accept proposals that include a contingent rent component.

  • For the avoidance of doubt, there will not be a Participating Rent calculation made or payment due for the period ended July 31, 2013.

  • Tenant covenants and agrees to pay all Fixed Base Rent, Participating Rent and Additional Charges, as and when the same is due and payable hereunder, in each case without notice or demand therefor and without any condition, counterclaim, defense, suspension, deferment, diminution, abatement, deduction, setoff or recoupment for any reason whatsoever.

  • The term of the License will be preceded by a construction period.5. Rent Structure:Total Rent payable will be comprised of Base Rent, Participating Rent, and CAM.

  • During any period of such restoration, Tenant shall pay to Landlord, on a monthly basis, the amount equal to the Fixed Base Rent that actually becomes due and payable under this Lease during such month plus Participating Rent, if any, calculated taking into account all business interruption insurance proceeds in the calculation of Resort EBITDA.

  • For the sake of clarity, Tenant shall be entitled to receive the Preferred Return, and the return of all of the Tenant’s Investment, prior to any Participating Rent being paid to Landlord.

  • Describe an application for when a DC stepper motor would be the best choice.

  • Parking Garage Parcel: as defined in Section 2.1.1. Participating Rent: shall mean an amount calculated and paid in accordance with Section4.2. Participating Rent Percentage: shall mean ten percent (10%).Person: any individual, association of individuals, entity or Governmental Authority.


More Definitions of Participating Rent

Participating Rent shall have the meaning provided in Section 3.3.2.
Participating Rent. For each calendar month during the Term, Lessee shall pay percentage rent ("Participating Rent") in arrears in an amount calculated by the following formula (the "Revenues Computation"): For any month, Participating Rent shall equal: The amount equal to the Monthly Revenue Computation (defined below) less an amount equal to the Base Rent paid for the Lease Year to date less an amount equal to the Participating Rent paid for the Lease Year to date. The Participating Rent due for each calendar month during the Term shall be paid on or before the twenty-first (21st) day of the succeeding month. In no event shall Participating Rent be less than zero. For purposes of defining the Monthly Revenues Computation:
Participating Rent shall have the meaning given such term in SECTION 3.1.2(a).
Participating Rent shall have the meaning given such term in ------------------ Section 3.1.2(a). ----------------

Related to Participating Rent

  • Base Rent As defined in Section 3.1.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

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

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

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

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

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

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

  • 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).

  • 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.

  • 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.

  • Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.

  • Tenant’s Pro Rata Share are both subject to adjustment as provided in this Lease. Definition or Provision Means the Following (As of the Term Commencement Date} Approximate Rentable Area of Premises 11,173 square feet Approximate Rentable Area of Project 67,998 square feet Tenant’s Pro Rata Share of Project 16.43%

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

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

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following:

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

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

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

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