Second Rental Period definition

Second Rental Period. As defined in (S)4.2(c) of the Ground Lease. Security Deposit: $125,000.
Second Rental Period shall have the meaning set forth in Section 1.1 hereof.
Second Rental Period means the one-year period commencing on January , 2003 ending on December 31, 2003.

Examples of Second Rental Period in a sentence

  • The term of this Agreement shall be the following two (2) five (5)-month Rental Periods: First Rental Period December 1, 2019 – April 30, 2020 Second Rental Period December 1, 2020 – April 30, 2021 Tenant shall have two (2) options to renew the Term for an additional five (5)-month Rental Period each upon the same terms and conditions as the First and Second Rental Periods, but at current District rental rates for the Property.

  • Second Rental Period: (January 1, 2023 to December 31, 2023) the annual sum of $ ($0.

  • For any rentals that exceed the length of the first Rental Period, Extended Rental Fees will be applied and will appear on the Invoice at the following rates: First Rental Period – 100% of the Rental Rate; Second Rental Period – 50% of the Rental Rate; Third (or more) Rental Period(s) – 25% of the Rental Rate.

  • Following the Second Rental Period, the annual rental for each calendar year shall be due in advance on January 3rd of such year (“Annual Rental”).

  • Building Rent for the Second Rental Period shall be in an amount equal to interest at the Base Rate on the Building Balance from time to time outstanding.

  • No Equipment shall have an Acquisition Date later than the last day of the Second Rental Period.

  • The amount of monthly rental (i.e. RMB 163,361.62 per month) for the Second Rental Period is adjusted with a 12% increase over the amount of monthly rental (i.e. RMB 145,858.59 per month) for the First Rental Period on the basis of an estimate of the percentage rise in the relevant rental of similar property in the adjacent vicinity during the First Rental Period.


More Definitions of Second Rental Period

Second Rental Period means the five-year period commencing on the day immediately succeeding the expiration of the First Rental Period and ending on the five-year anniversary of the expiration of the First Rental Period.

Related to Second Rental Period

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

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

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

  • Rent Commencement Date means the Commencement Date.

  • Commencement Date means the date of this Agreement;

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Extension Term means the time period defined in §2.C.

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

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Base Rent As defined in Section 3.1.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • 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.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • 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.