Rent Expense definition

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.

Rent Expense means, for any period, the sum of all base and percentage rental expense (but excluding any expense payable for leasehold improvements, common area maintenance, taxes, insurance, utilities, marketing costs and similar charges) for real property of the Borrowers and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

Rent Expense means the consolidated rent expense of the Borrower and its Subsidiaries, as determined in accordance with GAAP.

Examples of Rent Expense in a sentence

• Approximate amounts of future minimum lease payments under these operating leases are as follows: Rent Expense totaled the following: From time to time, the Company may be a party to various legal and/or regulatory proceedings arising in the normal course of business.

• Alternatively, at Landlord's option, Landlord shall have the right, from time to time, to recover from Tenant, and Tenant shall remain liable for, all Monthly Base Rent, Expense Adjustment, Electrical Cost and any other sums then due under this Lease during the period from the date of such notice or termination of possession to the end of the Term.

• As of the last day of each Fiscal Quarter, for the twelve month period ending on such date, the Borrower shall not permit the ratio of (i) the sum of (A) Funded Debt as of the last day of such period and (B) the product of (1) Rent Expense for such period times (2) six to (ii) EBITDAR for such period (the “Leverage Ratio”) to be greater than 4.0 to 1.0.

• Alternatively, at the election of Landlord expressed in a written notice to Tenant and not otherwise, such retention of possession shall constitute a renewal of this Lease for one (1) year, requiring the payment by Tenant of Monthly Base Rent, Expense Adjustment, and Electrical Cost then in effect, as adjusted for said year as if said year were an extension of the Term.

• Alternatively, if Landlord elects to terminate this Lease, Landlord shall be entitled to recover from Tenant all Monthly Base Rent, Expense Adjustment, and Electrical Cost accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant hereunder.

More Definitions of Rent Expense

Rent Expense means, for any period, the rent expense of the Company and its Subsidiaries under all operating leases on a Consolidated basis in respect of such period.

Rent Expense means, for any period, with respect to the Credit Parties and their Subsidiaries on a consolidated basis, all rent payable under Operating Leases, as determined in accordance with GAAP.

Rent Expense means the actual rent expense incurred by the Borrowers, the Guarantor or any Affiliate as a tenant under leases with respect to any senior living facility.

Rent Expense means all rental or lease expense of the Operating Companies in connection with Real Property leased by any Borrower to any Operating Company.

Rent Expense. For any Measurement Period, the aggregate consolidated amount of rent expense as determined in accordance with GAAP.

Rent Expense means rent expense computed under and in accordance with GAAP, exclusive of any non-cash adjustment under GAAP for the straight lining of rent.

Rent Expense for any period, the rent expense of the Parent and its Subsidiaries on a Consolidated basis as determined in accordance with GAAP under all operating leases in respect of such period.