Rent Reduction definition

Rent Reduction means the reduction in Monthly Rental set out in item 1.4;

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Rent Reduction means the amount rents are reduced from the Rents Charged at the Market Interest Rate as a result of the OAHTC subsidy.

Rent Reduction means, for any period, the amount of Tax Revenues and Non-Tax Revenues on deposit in the Revenue Fund.

Examples of Rent Reduction in a sentence

• If a Facility is so severed, Rent under the initial Lease shall be reduced by the Rent Reduction Adjustment with respect to such Facility, and the Rent under a lease for any such severed Facility shall be equal to such deducted amount.

• From and after the date of a Total Taking, the Base Annual Rental shall be reduced by an amount equal to the product of (i) the Applicable Rent Reduction Percentage for the Property subject to the Total Taking, and (ii) the Base Annual Rental in effect as of the date of such Total Taking (the "Adjustment").

• During any shorter period, which shall be a temporary taking, all the provisions of this Lease shall remain in full force and effect (except that Rent shall be adjusted in accordance with the Rent Reduction Amount in proportion to such temporary taking) and the Award allocable to the Term shall be paid to Tenant.

• The Rent Reduction will be either the specific agreed upon amount or percentage set out in item 1.4, and such Rent Reduction may be deducted from the Rent payable by the Tenant.

• The balance due to the Landlord after the Rent Reduction must be paid in full by the Tenant to the Landlord each Month during the term of this Agreement in accordance with the provisions of the Lease Agreement.

• Notwithstanding anything herein to the contrary, (i) but subject to any reduction in Rent by the Rent Reduction Amount pursuant to and in accordance with the terms of this Lease, in no event shall annual Base Rent during any Lease Year after the seventh (7th) Lease Year be less than eighty percent (80%) of the Rent in the seventh (7th) Lease Year, and (ii) in no event shall the Variable Rent be less than Zero Dollars ($0.00).

• Each month during the applicable Extension Term, Tenant shall deposit the Rent Reduction Amount into an escrowed reserve account (the “Improvement Removal Fund”).

• Abated Annual Rent and Occupancy Costs during the Sixth and Seventh Expansion Premises Rent Concession Periods, and the reduced Rent during the Sixth Floor Expansion Premises Rent Reduction Period shall be amortized using an 8% interest factor on a straight-line basis over the initial Term of the Lease.

• For purposes of such calculation, the Operating Lease Expense with respect to this Lease for each such Property shall equal the product of (x) the Applicable Rent Reduction Percentage for such Property, and (y) the Base Annual Rental then in effect.

• StadiumCo shall timely pay to the Authority the Rent without demand, deduction, counterclaim, credit or set-off other than the Rent Reduction, at the Authority address provided for in this Lease or as otherwise specified by the Authority in writing in accordance with Section 20 below.

More Definitions of Rent Reduction

Rent Reduction means the projected difference

Rent Reduction means as to any Renegotiated Lease, the present value of rent reductions provided in such Renegotiated Lease determined as of the closing date of such Renegotiated Lease using a discount rate of eight percent (8%).

Rent Reduction means, for any period, the total amount of (i) the Sales Tax Revenues remitted to the Metropolitan Government by the State and (ii) the Debt Service Portion of the Ticket Tax Revenues remitted to the Metropolitan Government by the Team.

Rent Reduction means the amount rents are reduced from the rents charged at the market interest rate as a result of the Oregon Affordable Housing Tax Credit (OAHTC)because of the OAHTC subsidy.¶

Rent Reduction means the projected difference between the rent charged for an income-restricted unit and the maximum market rent that could be charged for that same unit without the income restrictions.

Rent Reduction. Notwithstanding anything contained in this Lease to the contrary, so long as Tenant is not in default, beyond any applicable notice and cure period, and is open, operating and engaging in the Exclusive Use (as defined herein), then if Landlord shall lease space in the Shopping Center to a Competing Business (defined below) for the Exclusive Use (as defined below) during the Term, then Tenant’s sole and exclusive remedy shall be the right to reduce its Fixed Minimum Rent, retroactive to the end of the sixty day period by twenty=fie percent (25%) for the period of time the Competing Business engages in the Exclusive Use. In addition, during such time, Percentage Rent shall continue to be payable in the amount by which five percent (5%) of Tenant’s Net Sales exceed the applicable Sales Base multiplied by 75%. This right shall be exercised upon sixty days prior written notice given to Landlord by Tenant. “Exclusive Use” shall mean a sit- down, family themed restaurant serving traditional “American” food ( by way of example Bennigan’s, TGI Fridays, Chili’s)offering a full menu and serves hard liquor. “Competing Business” shall mean a business not affiliated with Tenant which uses its premises in the Shopping Center primarily for the Exclusive Use, excluding: