Revised Rent means the new Principal Rent following each Review Date pursuant to paragraph 2 of the Second Schedule.
Examples of Revised Rent in a sentence
The Principal Rent shall be reviewed at each Review Date and from and including each Review Date the Principal Rent shall equal the Revised Rent.
Current Rent, Indexed Rent and Revised Rent are references to yearly sums.
When the Revised Rent payable from a Review Date is ascertained, a memorandum recording it is to be signed by or on behalf of the parties.
Within ten (10) Working Days after the Revised Rent has been determined, memoranda recording that fact shall be prepared by the Landlord or its solicitors and shall be signed by or on behalf of the Landlord and the Tenant and annexed to this Lease and its counterpart.
Collectively, the Current Rent Roll and the Revised Rent Roll, or either of them as of the context may required.
More Definitions of Revised Rent
Revised Rent. The Initial Rent as varied from time to time in accordance with the provisions of the Fifth Schedule Rights: The rights set out in the Second Schedule
Revised Rent means [ ] POUNDS (£[ ]) Sterling per annum exclusive of any Value Added Tax chargeable thereon.
Revised Rent means the yearly rent which one would expect to be payable if the Property were let as a whole in the open market at the [relevant] Review Date:
Revised Rent means the amount of Principal Rent payable from and including the Review Date.
Revised Rent means the new or increased yearly rent payable in substitution for the quantified rent or for a previous revised rent
Revised Rent means the new Principal Rent following each Indexation Review Date pursuant to paragraph 2 of the Second Schedule. 2 The Principal Rent shall be reviewed on each Indexation Review Date to the higher of:
2.1 the Current Rent (disregarding any suspension or abatement of the Principal Rent); and
2.2 the Indexed Rent ascertained in accordance with this lease; 3 If a Revised Rent has not been ascertained by the Relevant Indexation Review Date:
3.1 the Current Rent shall continue to be payable until the Revised Rent is ascertained;
3.2 when the Revised Rent is ascertained:
3.2.1 the Tenant shall pay within 14 days of ascertainment of the Revised Rent:
(i) any difference between the Principal Rent payable immediately before the Relevant Indexation Review Date and the Principal Rent which would have been payable had the Revised Rent been ascertained on the Relevant Indexation Review Date (the Balancing Payment); and
(ii) interest on the Balancing Payment at Base Rate from the date or dates when the Balancing Payment or the relevant part or parts would have been payable had the Revised Rent been ascertained on the Relevant Indexation Review Date;
3.2.2 the Landlord and Tenant shall sign and exchange a memorandum recording the amount of the Revised Rent.
Revised Rent means the Rent for the tenancy of the Demised Premises during the Second Renewal Term, determined in accordance with Clause 7.3.