Rent and Other Charges definition

Rent and Other Charges. The Tenant shall pay (i) the rental in a fixed amount of HK$217,000 per month; and (ii) the management fee and air-conditioning charges of HK$15,870 in aggregate (subject to adjustments) per month. The Tenant shall also reimburse the Landlord for the rates and Government Rent in respect of the leasing of the Premises (which are estimated to be approximately HK$7,263 per month). The Rent and Other Charges were determined by reference to the market rates after arm’s length negotiation between the parties. Deposit: HK$465,740, representing two (2) months’ rental plus two (2) months’ management fee and air-conditioning charges. Upon signing of the Tenancy Agreement, the aggregate deposit of HK$450,340 paid under the Previous Tenancy Agreement has been agreed to be transferred as partial payment of the deposit under the Tenancy Agreement and the remaining HK$15,400 has been paid by the Tenant in cash. ANNUAL CAPS The amount of Rent and Other Charges receivable by the Group under the Previous Tenancy Agreement for the period from 1st April, 2014 to 15th November, 2014 (being the expiry date of the Previous Tenancy Agreement) is expected to be approximately HK$2,000,000. The annual cap, as calculated based on the aggregate maximum amount of the Rent and Other Charges receivable by the Group under the Previous Tenancy Agreement and the Tenancy Agreement, for the year ending on 31st March, 2015 will not exceed HK$3,000,000. The annual caps, as calculated based on the aggregate maximum amount of the Rent and Other Charges receivable by the Group under the Tenancy Agreement, for each of the two (2) financial years ending 31st March, 2016 and 2017 and for the period from 1st April, 2017 to 15th November, 2017 will not exceed HK$3,000,000, HK$3,000,000 and HK$2,000,000 respectively.
Sample 1

Examples of Rent and Other Charges in a sentence

  • The Rent and Other Charges The Rent includes the Included Services listed in Annex A, and that portion of the business rates which relates to the Accommodation, which would be due for payment when the Landlord receives its demand for its contribution in lieu of business rates.

  • Resident agrees to pay the Last Month Rent and Other Charges listed in the section, Move In Charges Summary, found herein Resident is required to pay any difference between the prepayment and the actual last month’s rent where the rent has increased before the last month of tenancy.

  • The Security Deposit specified hereinabove shall be maintained by the Authority and collected for the faithful performance of all of the terms, conditions and covenants of this Lease by the Lessee including payment of Rent and Other Charges, until after surrender of the Leased Premises.

  • The Cooperative and Lender agree that in no event shall Rent and Other Charges advanced by Lender include any attorney fees which may be owing to the Cooperative by Borrower under the Occupancy Agreement.

  • The Cooperative and Xxxxxxxx acknowledge and agree that any payments of Monthly Rent and Other Charges by Lender to the Cooperative shall be treated as advances by Xxxxxx under the Loan and are secured by the Mortgage.

  • Your Rent and Other Charges Paying for your home You must pay your rent and any other charges on time.

  • Payment, Rent and Other Charges: To rent storage, you must provide to Two Marines Moving your name, billing address, designated delivery address, e mail address (if any) and credit card or check card charge authorization information for the payment method that you provide for payment of the periodic Rental Fee (hereinafter referred to as your “Payment Method”).

  • By providing the Credit Card listed above, Occupant has authorized Owner to automatically charge the Rent, plus Tax, for the first Three (3) months and then monthly (which is owned by the Occupant or upon which Occupant has authority to charge) thereafter in the amount stated in the Rental Agreement on the Renewal Date of each month, or as soon as reasonably practicable thereafter, the amount stated in the Summary Page for Rent and Other Charges for the entire Term.

  • The Cooperative and Borrower acknowledge and agree that any payments of Monthly Rent and Other Charges by Lender to the Cooperative shall be treated as advances by Lender under the Loan and are secured by the Mortgage.

Related to Rent and Other Charges

  • Other Charges means all ground rents, maintenance charges, impositions other than Taxes, and any other charges, including, without limitation, vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Property, now or hereafter levied or assessed or imposed against the Property or any part thereof.

  • Credit Party Expenses means, without limitation, (a) all reasonable out-of-pocket expenses incurred by the Agents and their respective Affiliates, in connection with this Agreement and the other Loan Documents, including without limitation (i) the reasonable fees, charges and disbursements of (A) counsel for the Agents, (B) outside consultants for the Agents, (C) appraisers, (D) commercial finance examiners, and (E) without duplication of any amounts reimbursed pursuant to the foregoing subclauses (i) (A) – (D), all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Secured Obligations, (ii) in connection with (A) the syndication of the credit facilities provided for herein, (B) the administration and management of this Agreement and the other Loan Documents or the preparation, negotiation, execution and delivery the Loan Documents or of any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated thereby shall be consummated), (C) the enforcement or protection of their rights in connection with this Agreement or the Loan Documents or efforts to preserve, protect, collect, or enforce the Collateral or in connection with any proceeding under any Debtor Relief Laws, or (D) without duplication of any amounts reimbursed pursuant to the foregoing subclause (ii)(C), any workout, restructuring or negotiations in respect of any Secured Obligations, and (b) with respect to any LC Issuer, and its Affiliates, all reasonable out-of-pocket expenses incurred in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; and (c) all reasonable out-of-pocket expenses incurred by the Credit Parties who are not the Agents, an LC Issuer or any Affiliate of any of them, after the occurrence and during the continuance of an Event of Default, including, without limitation, in connection with any workout, restructuring or negotiations in respect of the Secured Obligations, or enforcement or protection of their rights or efforts to preserve, protect, collect, or enforce the Collateral or in connection with any proceeding under any Debtor Relief Laws, provided, that such Credit Parties shall be entitled to reimbursement for no more than one counsel representing all such Credit Parties (absent a conflict of interest in which case the Credit Parties may engage and be reimbursed for additional counsel). All Credit Party Expenses shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Charges shall have the meaning assigned to such term in Section 9.09.

  • Impositions means, collectively, all taxes (including, without limitation, all taxes imposed under the laws of any State, as such laws may be amended from time to time, and all ad valorem, sales and use, or similar taxes as the same relate to or are imposed upon Landlord, Tenant or the business conducted upon the Leased Property), assessments (including, without limitation, all assessments for public improvements or benefit, whether or not commenced or completed prior to the date hereof), ground rents (including any minimum rent under any ground lease, and any additional rent or charges thereunder), water, sewer or other rents and charges, excises, tax levies, fees (including, without limitation, license, permit, inspection, authorization and similar fees), and all other governmental charges, in each case whether general or special, ordinary or extraordinary, foreseen or unforeseen, of every character in respect of the Leased Property or the business conducted thereon by Tenant (including all interest and penalties thereon due to any failure in payment by Tenant), which at any time prior to, during or in respect of the Term hereof may be assessed or imposed on or in respect of or be a lien upon (a) Landlord’s interest in the Leased Property, (b) the Leased Property or any part thereof or any rent therefrom or any estate, right, title or interest therein, or (c) any occupancy, operation, use or possession of, or sales from, or activity conducted on, or in connection with the Leased Property or the leasing or use of the Leased Property or any part thereof by Tenant; provided, however, that nothing contained herein shall be construed to require Tenant to pay and the term “Impositions” shall not include (i) any tax based on net income imposed on Landlord, (ii) any net revenue tax of Landlord, (iii) any transfer fee (but excluding any mortgage or similar tax payable in connection with a Facility Mortgage) or other tax imposed with respect to the sale, exchange or other disposition by Landlord of the Leased Property or the proceeds thereof, (iv) any single business, gross receipts tax, transaction privilege, rent or similar taxes as the same relate to or are imposed upon Landlord, (v) any interest or penalties imposed on Landlord as a result of the failure of Landlord to file any return or report timely and in the form prescribed by law or to pay any tax or imposition, except to the extent such failure is a result of a breach by Tenant of its obligations pursuant to Section 3.1.3, (vi) any impositions imposed on Landlord that are a result of Landlord not being considered a “United States person” as defined in Section 7701(a)(30) of the Code, (vii) any impositions that are enacted or adopted by their express terms as a substitute for any tax that would not have been payable by Tenant pursuant to the terms of this Agreement or (viii) any impositions imposed as a result of a breach of covenant or representation by Landlord in any agreement governing Landlord’s conduct or operation or as a result of the negligence or willful misconduct of Landlord.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Lender Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower.

  • Non-Cash Charges has the meaning specified in the definition of the term “Consolidated EBITDA”.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Water Charges means service charges in respect of the provision of water.

  • Lenders’ Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses, as well as appraisal fees, fees incurred on account of lien searches, inspection fees, and filing fees) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Collateral Agent and/or the Lenders in connection with the Loan Documents.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • CCAA Charges means the Administration Charge and the Directors’ Charge;

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Lender Group Expenses means all (a) costs or expenses (including taxes, and insurance premiums) required to be paid by any Credit Party under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group, (b) reasonable fees or charges paid or incurred by Agent in connection with the Lender Group’s transactions with any Credit Party, including, fees or charges for photocopying, notarization, couriers and messengers, telecommunication, public record searches (including tax lien, litigation, and UCC searches), filing, recording, publication, appraisal (including periodic collateral appraisals or business valuations to the extent of the fees and charges (and up to the amount of any limitation) set forth in the Loan Documents), (c) reasonable costs and expenses incurred by Agent in the disbursement of funds to any Credit Party or other members of the Lender Group (by wire transfer or otherwise), (d) reasonable charges paid or incurred by Agent resulting from the dishonor of checks, (e) reasonable costs and expenses paid or incurred by the Lender Group to correct any default or enforce any provision of the Loan Documents, or in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, (f) audit fees and expenses of Agent related to audit examinations of the Books to the extent of the fees and charges (and up to the amount of any limitation) set forth in the Loan Documents, (g) reasonable costs and expenses of third party claims or any other suit paid or incurred by the Lender Group in enforcing or defending the Loan Documents or in connection with the transactions contemplated by the Loan Documents or the Lender Group’s relationship with any Credit Party, (h) Agent’s and each Lender’s reasonable costs and expenses (including attorneys fees) incurred in advising, structuring, drafting, reviewing, administering, syndicating, or amending the Loan Documents, and (i) Agent’s and each Lender’s reasonable costs and expenses (including attorneys, accountants, consultants, and other advisors fees and expenses) incurred in terminating, enforcing (including attorneys, accountants, consultants, and other advisors fees and expenses incurred in connection with a “workout,” a “restructuring,” or an Insolvency Proceeding concerning any Credit Party or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective of whether suit is brought, or in taking any Remedial Action concerning the Collateral.

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities and services.

  • Sewer means a pipe or conduit for carrying sewage.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • 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.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Hire Charges means the rates and charges payable by You for the hire of the Equipment.