Rent Prepayment definition

Rent Prepayment means any prepayment of rent to the Lessor in an Inverted Lease Structure.
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Rent Prepayment has the meaning given to such term in the Master Lease.
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Rent Prepayment means any prepayment of rent to the Lessor Partnership in a Partnership Lease Pass Through Structure.
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Examples of Rent Prepayment in a sentence

  • Rent Prepayment (Postgraduate Students Only) You agree to make a prepayment of rent to the value of £300.00 during the acceptance process for Accommodation.

  • Notwithstanding the foregoing, in the event that Lessee is unable to satisfy the Net Worth Condition, the Corporate Fixed Charge Coverage Ratio Condition and/or the Rating Agency Condition, such conditions shall be deemed satisfied if Lessee shall (1) pay to Lessor the Subject Transfer Rent Prepayment Amount (as hereinafter defined), and (2) pay to Lessor the Prepayment Charges payable by Lessor to Lender as a result of the payment of the Subject Transfer Rent Prepayment Amount.

  • Notwithstanding the provisions of the next preceding sentence, Tenant shall pay on account toward the first full calendar month installment(s) of Fixed Rent, on the execution of this Lease, the Rent Prepayment specified in Article 1 hereof.

  • For purposes of illustration and not limitation, if (i) Lessee's Aggregate Fixed Charge Coverage Ratio for the Fiscal Year ending May 27, 2010 was 1.0 (which results in a Fixed Charge Coverage Shortfall Percentage of 20%), (ii) Lessee paid the FCCR Rent Prepayment Amount on September 1, 2010, and (iii) the Base Monthly Rental for August, 2010 was $100, then the Base Monthly Rental payment beginning on September 1, 2010 shall be equal to the Base Monthly Rental for August, 2010 reduced by the sum of $20.

  • In the event Lessee elects to pay Lessor the FCCR Rent Prepayment Amount as provided in subitem (3) above, Base Monthly Rental beginning with the calendar month in which such payment is made shall be equal to the Base Monthly Rental then in effect reduced by the FCCR Rent Reduction Amount (as hereinafter defined).

  • If Lessee delivers notice to Lessor that it has elected to pay the FCCR Rent Prepayment Amount as provided in subitem (3) above, the failure of Lessee to pay Lessor the FCCR Rent Prepayment Amount on the first day of the calendar month immediately following the date such notice is delivered shall be deemed an Event of Default without further notice or demand of any kind being required.

  • TrialCard’s Existing Space Rent Prepayment shall be applied by Landlord against the Monthly Rental Installments for TrialCard’s Existing Space during the period commencing on May 1, 2015, and ending on August 31, 2015, set forth on Exhibit B attached to this Seventh Amendment and incorporated herein by reference, as the same would otherwise become due and payable during such period.

  • The Premises Rent Prepayment shall be applied to Tenant’s obligations for Monthly Rental Installments of Minimum Annual Rent for the period between August 1, 2014, and December 31, 2014 (the “Monthly Rental Installment Prepayment Period”) as set forth on Exhibit A attached to this Seventh Amendment and incorporated herein by reference.

  • If the payment is not received before the 3rd day after the monthly due date a fifty ($50.00) Dollar fee shall be assessed and deducted from the Last Month’s Rent Pre-payment.

  • Upon request of either party to the other, Landlord and Tenant agree to execute and record a statutory notice of Lease as provided in C.G.S. §47-19 which shall include reference to the amount of the Initial Rent Prepayment.