Rental Receipts definition

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Rental Receipts means, as of any date of determination, the amount of gross rental payments (including the amount of each such payment allocated to insurance, delivery, reinstatement and late fees, but excluding amounts allocated to any sales tax, early payouts and cash sales) received by the Company or any Subsidiary in collected funds from the related Obligor under any Rental Contract; and shall include rental payments received under any Rental Contracts originated by a Person prior to the time such Person became a Subsidiary of the Company (so long as such Person is a Subsidiary on the applicable date of determination) and under any Rental Contracts acquired by the Company or any Subsidiary of the Company, in either case pursuant to a Permitted Acquisition (though such rental payments were not received by the Company or such Subsidiary).

Examples of Rental Receipts in a sentence

Following Stabilization, within fifteen (15) days after the end of each calendar month, Manager shall submit to Owner a written statement, certified as correct by Manager, which shall set forth the (a) Gross Rental Receipts, and (ii) Owner’s Operating Costs, each for the preceding calendar month (“Monthly Statement”).
For each Accounting Period, not later than December 1st, the Manager shall prepare a proposed budget for the upcoming calendar year Accounting Period, which shall include the projected: (i) Gross Rental Receipts, (ii) Owner’s Operating Costs, and (iii) Working Capital Reserve.
Manager shall receive, as compensation for its services in marketing, managing, and advising on the day-to-day short-term rental operations of the Property in accordance with the terms of this Agreement, a management fee ("Management Fee") calculated as follows: Nineteen and one half percent (19.5%) of Net Rental Receipts unless the total purchase price of all properties managed on behalf of any corporate entity created by Arrived Holdings, Inc.
For each Accounting Period, the Manager shall use commercially reasonable efforts to provide Owner with a proposed budget, which shall include the projected: (i) Net Rental Receipts, (ii) Owner’s Operating Costs, and (iii) Working Capital Reserve.
Within thirty (30) days after the end of each Accounting Period, Manager shall furnish to Owner a written statement, certified by the Manager's Chief Financial Officer, or at Owner’s election and expense an independent certified public accountant, to be correct, showing total (i) Gross Rental Receipts, (ii) Net Rental Receipts, and (iii) Owner’s Operating Costs, each by month and a total for the Accounting Period (“Annual Statement,” and together with the Monthly Statement, the “Statement”).
Within thirty (30) days after the end of each Accounting Period, Manager shall furnish to Owner a written statement, certified by an independent certified public accountant, or, at the Owner’s election, by the Manager’s Chief Financial Officer, to be correct, showing total (i) Gross Rental Receipts, and (ii) Owner’s Operating Costs, each by month and a total for the Accounting Period (“Annual Statement,” and together with the Monthly Statement, the “Statement”).
Payment of Management Fee/Expenses and Disbursement of Net Rental Receipts.
Within thirty (30) days after the end of each Accounting Period, Manager shall furnish to Owner a written statement, certified by an independent certified public accountant, or, at the Owner's election, by the Manager's Chief Financial Officer, to be correct, showing total (i) Gross Rental Receipts, and (ii) Owner’s Operating Costs, each by month and a total for the Accounting Period (“Annual Statement,” and together with the Monthly Statement, the “Statement”).
For purposes of this Agreement, the singular shall include the plural and vice versa.
Manager shall collect the Rental Receipts from Property tenants and the applicable security and other deposits from Property tenants and deposit the same in the applicable accounts as set forth herein.

More Definitions of Rental Receipts

Rental Receipts means the total receipts of each Propco in connection with the letting, use or occupation of the Properties in any Relevant Period, including each of the following amounts:

Rental Receipts means, as of any date of determination, the amount of gross rental payments (including the amount of each such payment allocated to liability damage waiver, club fees, delivery, reinstatement and late fees, but excluding amounts allocated to any sales tax, early payouts and cash sales) received by the Company or any Subsidiary in collected funds from the related Obligor under any Rental Contract; and shall include rental payments received under any Rental Contracts originated by a Person prior to the time such Person became a Subsidiary of the Company (so long as such Person is a Subsidiary on the applicable date of determination) and under any Rental Contracts acquired by the Company or any Subsidiary of the Company, in either case pursuant to a Permitted Acquisition (though such rental payments were not received by the Company or such Subsidiary).

Rental Receipts means the sum of all tenant rent payments and other non-deposit additional rent amounts actually collected from tenants of each Property that are attributable to that calendar month or months prior thereto. “Required Repair” shall have the meaning set forth in Section 3.8. “Security Deposits Account” shall have the meaning set forth in Section 5.3. “Services” shall have the meaning set forth in the recitals. “Standard of Care” shall have the meaning set forth in Section 2.1. “Term” shall mean a period of one (1) year from the Effective Date, unless the Term is shortened in accordance with the terms hereof. “Termination Effective Date” shall have the meaning set forth in Section 2.3. “Termination Follow-up Date” shall mean the later of (x) fifteen (15) days after the Termination Effective Date and (y) payment by Owner to Manager of the Termination Settlement Amount which shall be paid within thirty (30) days after the Termination Effective Date. “Termination Settlement Amount” means the amount payable to Manager hereunder which includes, without limitation, all Management Fees and any reimbursements payable hereunder to Manager through the Termination Effective Date.