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

• Tenant shall pay to Landlord’s Management Agent, or such other person or entity or at such other place as Landlord may from time to time direct in writing, all amounts due Landlord from Tenant hereunder, including, without limitation, Base Rent, Expense Adjustment and Tax Adjustment (all amounts due hereunder being referred to collectively as “Rent”).

• Tenant shall pay to Landlord's Management Agent, at the address set forth in Article I above as the Rent Payment Address or to such other person or entity and/or at such other place as Landlord may from time to time direct in writing, all amounts due Landlord from Tenant hereunder, including, without limitation, Monthly Base Rent, Expense Adjustment and Electrical Cost (all amounts due hereunder being referred to collectively as "Rent").

• 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 difference of (A) EBITDAR for such period minus (B) Capital Expenditures for such period to (ii) the sum of (A) Interest Expense (net of interest income of the Borrower and its Subsidiaries, as determined in accordance with GAAP) for such period plus (B) Rent Expense for such period (the “Fixed Charge Coverage Ratio”) to be less than 2.0 to 1.0.

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 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, for any period, with respect to the Credit Parties and their Subsidiaries on a consolidated basis, all rent payable under an operating lease (whether a lease of real property, personal property or mixed), as determined in accordance with GAAP.

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

Rent Expense means, for any period, the rental expense of the Borrower and its consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP excluding rental expense with respect to leases of aircraft scheduled to terminate no more than 365 days after their respective dates of execution.