Preceding Lease Year definition

Preceding Lease Year. As defined in clause (c)(i) of the definition of “Rent.”
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Preceding Lease Year. As defined in clause (c)(i) of the definition of Rent.
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Preceding Lease Year means the Lease Year ending on the day immediately prior to the first day of the Lease Year for which fixed rent is being determined.
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More Definitions of Preceding Lease Year

Preceding Lease Year. As defined in clause (c)(i) of the definition of “Rent.” “Preliminary Studies”: As defined in Section 10.4(a). “Primary Intended Use”: (i) Hotel and resort and related uses, (ii) gaming and/or pari-mutuel use, including, without limitation, horsetrack, dogtrack and other similarly gaming-related sporting uses, (iii) ancillary retail and/or entertainment use, (iv) such other uses required under any Legal Requirements (including those mandated by any applicable regulators), (v) such other ancillary uses, but in all events consistent with the current use of the Leased Property or any portion thereof as of the Commencement Date or with then-prevailing hotel, resort and gaming industry use, and/or (vii) such other use as shall be approved by Landlord from time to time in its reasonable discretion. “Prime Rate”: On any date, a rate equal to the annual rate on such date publicly announced by JPMorgan Chase Bank, N.
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Related to Preceding Lease Year

  • 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 Year means the period set forth in Section 5 of the Summary.

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

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • 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.