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.

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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.
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.
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.
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.
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).
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.
If Landlord, Overlandlord or any Mortgagee shall be unable to collect the rent insurance proceeds applicable to such damage because of some action or inaction on the part of Tenant or of Persons Within Tenant's Control, then there shall be no abatement of Fixed Rent or Recurring Additional Rent.
If, as a result of such damage to the Building or to the core and shell of the Premises or Building Systems serving the Premises, the Premises are rendered Untenantable, the Fixed Annual Rent and Recurring Additional Rent shall ▇▇▇▇▇ in proportion to the portion of the Premises not usable by Tenant from the date of such fire or other casualty until Landlord’s Restoration Work is substantially completed.
Except as otherwise expressly provided in this Lease, Tenant’s obligation to pay Base Rent and Recurring Additional Rent shall commence on the Commencement Date.
If the aggregate amount of Estimated Recurring Additional Rent actually paid by Tenant during any Operating Year is less than Tenant's actual ultimate liability for the same for that particular Operating Year, Tenant shall pay the deficiency within thirty (30) days of Landlord's demand therefor.

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 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.

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.