Second Rent definition

Second Rent means the second rent reserved by this Lease at the rate from time to time payable under clause 2.2;
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Second Rent means the rent reserved by clause 2.2 of the Leases;
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Second Rent means the second rent reserved by this Lease at the rate from time to time payable under clause 2.2; “Second Termination Date” means 15 November 2024;
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Examples of Second Rent in a sentence

  • Rent and/or other matters that are computed with reference to a Lease Year or a Short Year shall be ratably adjusted, on a per diem basis, for any period prior to the Second Rent Commencement Date and within the Term or in the event this Lease terminates on a date other than the last day of the month.

  • Notwithstanding anything in this Lease to the Contrary, Tenant shall be permitted to upfit and occupy the 17th Floor Rentable Space from the date hereof (or, with Landlord’s consent, a date predating the date hereof) until the Second Rent Commencement Date without payment of any Rent other than as set forth herein.

  • Tenant agrees to pay Landlord the fixed monthly rental at the same rate is paying on the date hereof for each month or prorated portion thereof for the period beginning on the First Rent Commencement Date and ending on the day immediately preceding the Second Rent Commencement Date (the “Short Year Rent”), in advance.

  • The Tenant, with the written consent of Landlord may delay the Second Rent Commencement Date.

  • As used in this Lease, the term “Lease Year” shall mean each period of 12 consecutive calendar months beginning on the Second Rent Commencement Date if such date occurs on the first day of the month; if not, then on the first day of the month next succeeding the month in which the Second Rent Commencement Date occurs.

  • Commencing on the Second Rent Commencement Date, Tenant agrees to pay to Landlord the fixed annual rental set forth in Exhibit 3(b) attached hereto applicable for each Lease Year during the initial Term (the “Initial Rent”).

  • As used in this Lease, the term “Short Year” shall mean the period beginning on the First Rent Commencement Date and ending immediately prior to the Second Rent Commencement Date.

  • The “Second Rent Credit Date” shall mean sixty (60) days after the Estimated Term Commencement Date, provided, however, that the Second Rent Credit Date shall be extended by the lesser of: (x) ninety (90) days, or (y) the length of any delays in Landlord Work arising from delay by Landlord’s Force Majeure (as defined in Section 3.2) occurring prior to the Second Rent Credit Date.

  • The next Rent payment shall be made on the Second Rent Payment Date and each succeeding Rent shall be paid on the numerically corresponding day to the Second Rent Payment Date of each succeeding month during the Lease Period or, if there is no such numerically corresponding day, on the immediately preceding Business Day.

  • If the date of Substantial Completion of Landlord’s Work occurs after the Second Rent Credit Date, then Tenant shall be entitled to a credit against Tenant’s obligation to pay Base Rent following the Term Commencement Date equal to the sum of: (x) thirty (30) days of Base Rent, plus (y) two days of Base Rent for each day between the Second Rent Credit Date and the date of Substantial Completion of Landlord’s Work.

Related to Second Rent

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • To rent means to lease, to sublease, to let, or otherwise to grant for consideration the right to

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • For Rent or "For Sale" thirty (30) days before the termination of this Lease. Landlord may enter the Premises at reasonable hours to exhibit same to prospective purchasers or tenants and to make repairs required of Landlord under the terms hereof, or to make repairs to Landlord's adjoining property, if any.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.