Recurring Additional Rent definition

Recurring Additional Rent means the recurring monthly payments of Tenant’s Tax Payment, Tenant’s BID Payment and/or Tenant’s Operating Expense Payment.
Recurring Additional Rent means, collectively, Tenant's CAM Payment, Tenant's 33 Expense Payment, Fixed Expense Payments, Tenant's PILOT Payment, and to the extent same become 34 applicable in accordance with Section 4.05G hereof, Tenant's Tax Payments.
Recurring Additional Rent means all additional rent payable by Tenant pursuant to Article 19 of this Lease.

Examples of Recurring Additional Rent in a sentence

  • Notwithstanding that Exhibit A-1 attached to this Amendment shows that the Storage Space contains 510 usable square feet, the Storage Space shall be deemed to contain 500 usable square feet for purposes of determining Fixed Rent and Recurring Additional Rent under the Lease.

  • All Fixed Rent and Recurring Additional Rent that are payable under this Lease shall be payable in lawful money of the United States by wire transfer or electronic payments made through the Automated Clearing House network of immediately available funds to such account as Landlord may from time to time direct in writing.

  • In the event that any of such dates shall occur on a day other than the first day of a calendar month, such Recurring Additional Rent for such month shall be prorated on a per diem basis.

  • Recurring Additional Rent shall be payable in equal monthly installments in advance on the first day of each month during the Term commencing upon the date(s) set forth herein without any setoff or deduction whatsoever (except as otherwise expressly provided herein).

  • All Fixed Rent, Percentage Rent and Recurring Additional Rent shall be payable 11 in lawful money of the United States by wire transfer of immediately available funds to such account as 12 Landlord may from time to time direct in writing.

  • Tenant shall pay interest on such fee at the Interest Rate from the date the applicable late payment of Fixed Rent or Recurring Additional Rent was due until the date of Landlord’s receipt of such fee.

  • For each Expense Year all or a portion of which occurs in or during the Term, if the Expenses for such Expense Year shall be greater than the Expense Base, Tenant shall pay to Landlord, as Recurring Additional Rent for such Expense Year, in the manner hereinafter provided, an amount equal to Tenant’s Expense Share of the excess of the Expenses for such Expense Year over the Expense Base (such amount being herein called the “Tenant’s Expense Payment(s)”).

  • The payment of Fixed Rent for the Office Space shall commence on the Rent Commencement Date and the payment of Recurring Additional Rent shall commence as provided in Article 4 hereof.

  • If the Expiration Date, or earlier termination of this Lease is not the last day of a Lease Year, then Tenant's Recurring Additional Rent shall be prorated based upon the number of days of the applicable Lease Year within the Term.

  • In addition to the Fixed Rent hereinbefore set forth, Tenant shall pay to Landlord, as additional rent, Recurring Additional Rent, including, without limitation, the items more particularly described in Exhibit K.


More Definitions of Recurring Additional Rent

Recurring Additional Rent means (i) payment for condenser water pursuant to the terms of Section 6.05 of this Lease, (ii) After Hours HVAC Service charges (if any and to the extent any of the same is put on a standard recurring schedule), (iii) any charges in respect of electricity pursuant to Sections 7.01A and 7.01B hereof, (iv) Tenant’s CAM Payment, (v) Tenant’s Expense Payment, (vi) Tenant’s PILOT Payment, and (vii) Tenant’s Tax Payment, to the extent same becomes applicable in accordance with Article 4 hereof.
Recurring Additional Rent means all additional rent payable by Tenant pursuant to Article 19 of this Lease. Rentable Square Feet – “Rentable Square Feet” shall refer to the number of rentable square feet in the Demised Premises. For the purposes of this Lease, Landlord and Tenant agree that (i) each of the 14th Floor Unit, the 15th Floor Unit and the 16th Floor Unit shall be deemed to contain 40,240 rentable square feet, (ii) the FTI Units shall be deemed to be 120,720 square feet in the aggregate, and (ii) the 7-21 Condominium shall be deemed to contain 556,370 rentable square feet in the aggregate. Repairs – “Repairs” shall mean and include repairs, restorations and replacements. Second Lower Floor Offer Space – “Second Lower Floor Offer Space” shall have the meaning set forth on Schedule 1-5 attached hereto. Second Offer Period – “Second Offer Period” shall have the meaning set forth on Schedule 1-5 attached hereto. Structural – “structural” shall mean any Alteration involving or affecting: (1) the roof or foundation of the Building, (2) any floor slab and/or ceiling slabs, the exterior walls of the Building (other than the interior surface of such exterior walls) and any load bearing columns or structural elements of the Building, (3) any Building Systems outside of the Demised Premises, and any Building Systems serving any other tenants at the Building or any parts of the Building outside of the Demised Premises, (4) any Common Elements of the Building, (5) any exterior glass, exterior windows, window seals and gaskets, and window frames in the Demised Premises or (6) any boiler or pressure vessel. substantially complete (or substantially completed) – “substantially complete” or “substantially completed” shall mean Landlord’s Work or Landlord’s Additional Work, as applicable, has been completed with the exception of any Punch-List Items and any work that, under good construction practice, is dependent on the completion of Tenant’s Initial Improvements (or some portion thereof). Tenant’s Delay - “Tenant’s Delay” or “Tenant Delay” shall mean, whether or not in connection with Landlord’s Work or Landlord’s Additional Work, an act or omission by Tenant or any Person Within Tenant’s Control, that in each case, actually delays Landlord in the performance of any of Landlord’s obligations under this -5- NY 78267766v2
Recurring Additional Rent means Additional Rent for which Tenant has been given notice that payments thereof are payable in the same amount on a regular basis (e.g., monthly) for a period of at least twelve (12) months.
Recurring Additional Rent means the additional rent set forth on Exhibit K, together with any (i) payment for condenser water pursuant to the terms of Section 6.05 of this Lease, (ii) After Hours HVAC Service charges (if any and to the extent any of the same is put on a standard recurring schedule) and (iii) any charges in respect of electricity pursuant to Sections 7.01A and 7.01B hereof.

Related to Recurring Additional Rent

  • 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;

  • 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.

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

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

  • 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.

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

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

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • 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.

  • 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.

  • 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).

  • 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.

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

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

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

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

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted 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.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Past Due Rent Payment is defined in Section 2.2(g).

  • 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.

  • 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.

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