Annual Fixed Rent See Exhibit A, and Section 3.1.
Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.
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.
Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.
Fixed Rent shall have the meaning set forth in Section 1.1 hereof.
Renewal Term has the meaning set out in Section 9.1.
Initial Term Loan shall have the meaning provided in Section 2.1(a).
Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.
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
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.
Past Due Rent Payment is defined in Section 2.2(g).
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.
Basic Rent means Basic Rent as defined in Paragraph 6.
Base Rent Period Annual Rate Per Square Foot Monthly Base Rent
Renewal Terms means the renewal terms of a Property Schedule, each having a duration of one year and a term coextensive with Lessee's budget year.
Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.
Additional Rental has the meaning set forth in Section 4.03.
Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).
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.
Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.
Extension Term means the time period defined in §2.C.
Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.
Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.
Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.
Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.