Quarterly Rent definition

Quarterly Rent means the rent payable by the Service Provider for relevant quarter of the year as per Annex-C;

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Quarterly Rent. Notwithstanding Section 2 of the Master Equipment Lease, Customer and ALSG acknowledge and agree that Rent payable under this Schedule shall be paid quarterly rather than monthly, quarterly rent shall be due and payable in advance on the first day of each calendar quarter, and the first payment shall be a pro rata portion of the quarterly rental charge calculated on a ninety day basis and shall be due and payable when invoiced by ALSG. The terms of this Schedule shall be interpreted so as to be consistent with the intention of the parties that rental be paid on a quarterly basis.

Quarterly Rent and “Annualized Rent” shall each be determined in accordance with GAAP as applied and reflected in the Company’s related consolidated financial statements as of the relevant dates or relevant periods, except as provided in the next sentence. If, because of a change in GAAP that results in the cumulative effect of a change in accounting principle or a restatement, the Leverage Ratio is higher or lower than it would have been absent that change, then, for purposes of this Agreement, commencing with the fiscal quarter for which that change in GAAP became effective, the Leverage Ratio shall be calculated on a pro forma basis as if that change had not occurred.

Examples of Quarterly Rent in a sentence

• Each such Quarterly Rent Schedule shall be signed and delivered in triplicate.

• The term "Basic Rent" refers collectively to the Quarterly Rent and the Annual Rent, as each may be adjusted from time to time, The parties stipulate that the Basic Rent reflects the fair rental value of the Property for the Lease Term.

• The words "Hotel Occupancy Tax" mean City's receipt of tax imposed by City pursuant to Chapter 351 of the Texas Tax Code, as amended, on a person who, under a lease, concession, permit, right of access, license, contract or agreement pays for the use or possession of a room in the Hotel during the calendar quarter immediately preceding each Quarterly Rent payment date.

• The Actual Quarterly TFA Payment Invoice shall contain a copy of the Actual Quarterly Rent Invoice received by Opco from the Partnership pursuant to the LIL Lease, a summary of the Operating and Maintenance Costs paid during the applicable Quarter, and such other detail and supporting documentation as reasonably required by NLH to review the calculation of the Actual Quarterly TFA Payment.

• Within 15 days after the Tax Adjustment True-up has been determined for the prior Operating Year, the Partnership shall deliver to Opco a Notice setting out the actual amount of rent (“Actual Annual Rent”) which was required to be paid by Opco to the Partnership for the prior Operating Year, addressing in detail and with supporting documentation, any discrepancies from the total sum of the Actual Quarterly Rent paid by Opco over such Operating Year.

• Excepting the amount of the Minimum Quarterly Rent, the terms and conditions of this Lease shall apply during each Renewal Term.

• March 31, 2001, ABD is $38,000,000 which exceeds BD of $33,000,000 by 15%, which means the Supplemental Rent Percentage is 60%, and the Supplemental Quarterly Rent is $5,400.00 (60% of $9,000 MSQR).

• The quarterly rent due during such hold-over period shall be equal to 150% of the Minimum Quarterly Rent then in effect, and Tenant shall continue to be obligated to pay all Impositions and other amounts required to be paid by the terms of this Lease.

• Except for payment of Lease Year 1 payments, the Quarterly Rent for Lease Years 1-10 shall be as set forth in the Fundamental Lease Provisions.

• Quarterly Rent (Prepaid) $3,090.36 $3,090.36 Total Quarterly Payment $3,090.36 Security Deposit (50% of Rent) $515.06 Other Fees: Late/NSF Cheques (per occurrence) $35.00 Lost Keys (per occurrence) $50.00 Lost Laundry Keys (per occurrence) $25.00 Cleaning $20.00/hour Lock Change $5.00 Damage to Furniture or Other Property Cost to repair or replace at the University's Option.

More Definitions of Quarterly Rent

Quarterly Rent means 1/4 of the total annual rent of the corresponding year; “Monthly rent” means 1/12 of the total annual rent of the corresponding year; and “Daily rent” means 1/365 of the total annual rent of the corresponding year. Payment amount of rent (this lease amount is calculated according to the actual measurement area) Year The first four years (Thousand) The second four years (Thousand) The third four years (Thousand) The fourth four years (Thousand) The fifth four years (Thousand) Total (Thousand) Annual rent 20,000m2*0.6*365 =4,380 20,000m2*0.7*365 =5,110 20,000m2*0.8*365 =5,840 20,000m2*0.9 *365 =6,570 20,000m2*1.0*365 =7,300 Total amount of four years 17,520 20,440 23,360 26,280 29,200 116,800 Except for the rent and amounts explicitly agreed in the contract, Party B will not pay other expenses to Party A. Within 15 days after signing the contract, Party B shall pay RMB300 Thousand to Party A, such amount is the ▇▇▇▇▇▇▇ money and will automatically offset the first quarterly rent payable by Party B upon the official rent commencement date. If Party B fails to lease by breach of contract, such amount will not be refunded by Party A; if Party A fails to lease to Party B by breach of contract, then such amount shall be refunded in double.

Quarterly Rent means, for any fiscal quarter, the Company’s Annualized Rent divided by four.

Quarterly Rent as defined in Section 2.1(a) hereof. Related Entity: a Person (1) which directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, Lessee, (2) which beneficially owns or holds 5% or more of any class of the Voting Stock of Lessee, (3) 5% of the Voting Stock (or in the case of a Person which is not a corporation, 5% or more of the equity interest) of which is beneficially owned or held by Lessee or a Subsidiary or (4) which is a Subsidiary. The term "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. Remaining Base Value: the excess, if any, of the Base Value over the product of the Base Value times the Cumulative Allocation Ratio.

Quarterly Rent as defined in Section 2.1(a) hereof.

Quarterly Rent means 1/4 of the total annual rent of the corresponding year; “Monthly rent” means 1/12 of the total annual rent of the corresponding year; and “Daily rent” means 1/365 of the total annual rent of the corresponding year.