Periodic Lease Rent definition

Periodic Lease Rent shall have the meaning specified in Section 3.3(a) of the Facility Lease.
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Periodic Lease Rent shall have the meaning specified in Section 3.2(a) of the Facility Lease.
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Periodic Lease Rent is intended to constitute "fixed rent" (as such term is defined in Treasury Regulation (S)1.467-1(h)(3)
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Examples of Periodic Lease Rent in a sentence

  • The Periodic Lease Rent allocated to each Rental Period for the use by the Lessee of the Project shall be an amount equal to the product of (x) the Head Lease Rent therefor multiplied by (y) the percentage set forth opposite such Rental Period in Schedule 2 hereof under the caption "Allocation Percentage" (the "Allocated Rent").

  • In case of fire, the caregiver's first responsibility is to evacuate the children to safety.

  • All Rent (whether Periodic Lease Rent, Renewal Lease Rent or Supplemental Lease Rent) shall be paid by the Facility Lessee in lawful currency of the United States of America in immediately available funds to the recipient not later than 11:00 a.m. (New York City time) on the date due.

  • The Facility Lessee will also pay as Supplemental Lease Rent, to the extent permitted by Applicable Law, an amount equal to interest at the Overdue Rate on any part of any payment of Periodic Lease Rent or Renewal Lease Rent not paid when due for any period for which the same shall be overdue and on any Supplemental Lease Rent not paid when due (whether on demand or otherwise) for the period from such due date until the same shall be paid.

  • Notwithstanding that Periodic Lease Rent is payable in accordance with Section 3.3(a), the Allocated Rent calculated pursuant to this Section 3.3(b) shall represent and be the amount of Periodic Lease Rent for which the Facility Lessee becomes liable on account of the use of the Facility Interest for each calendar year included in whole or in part of the Lease Term.

  • All Rent (whether Periodic Lease Rent, Renewal Lease Rent or Supplemental Lease Rent) shall be paid by the Facility Lessee in Dollars in immediately available funds to the recipient not later than 10:30 a.m. (New York City time) on the date due.

  • All payments of principal of, premium, if any, and interest on, the Senior Notes (other than payments made in connection with an optional redemption or purchase by the Owner Lessor or Equity Investor and except as provided in Section 11.5) will be made only from the Indenture Estate or the income and proceeds received by the Indenture Trustee therefrom (including Periodic Lease Rent payable by the Lessee pursuant to the Project Lease).

  • All Periodic Lease Rent to be paid pursuant to this Section 3.3 shall be payable in the manner set forth in Section 3.6. (b) The Periodic Lease Rent allocated to each period for the use by the Facility Lessee shall be an amount as set forth in Schedule 1-B hereof, as adjusted in accordance with Section 3.5 (the "Allocated Rent").

  • Adjustments to Periodic Lease Rent, Allocated Rent or Proportional Rent contemplated by this Section 3.4 shall result in corresponding adjustments ----------- to Termination Values.

  • The Lessee will also pay as Supplemental Lease Rent, to the extent permitted by Applicable Law, an amount equal to interest at the Overdue Rate on any part of any payment of Periodic Lease Rent or Renewal Lease Rent not paid when due for any period for which the same shall be overdue and on any Supplemental Lease Rent not paid when due (whether on demand or otherwise) for the period from such due date until the same shall be paid.


More Definitions of Periodic Lease Rent

Periodic Lease Rent means the amounts designated as such in, and payable on each Rent Payment Date set forth in Schedule 1 to Project Lease Supplement No. 1, or if executed, Project Lease Supplement No. 2 or any other Project Lease Supplement executed and delivered by the Owner Lessor and the Lessee.
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Related to Periodic Lease Rent

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

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • 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.

  • 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.

  • Rent means Basic Rent and Supplemental Rent, collectively.

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

  • 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.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto. (a) Base Rent Paid Upon Execution: $ N/A as Base Rent for the period N/A.

  • 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.

  • 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;

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground 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.

  • 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.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • 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).

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

  • 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.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

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

  • 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.

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

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

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

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

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Most Referenced Definitions