Sublease Payments definition

Sublease Payments as defined in Exhibit "C" of this Sublease shall be paid by District in consideration of the right of possession of, and the continued quiet use and enjoyment of, the Project and the Site during the Term. Title to the tenant improvements shall vest progressively as Tenant Improvement Payments are made under the Construction Services Agreement and Sublease Payments are made under the Sublease, but title shall not fully vest until the end of the Term of this Sublease and payment of any amounts owed under this Sublease. The parties hereto have agreed and determined that such total rental is not in excess of the fair rental value for the Project and the Site. In making such determination, consideration has been given to the fair market value for the Project and the Site; other obligations of the parties under this Sublease (including, but not limited to, costs of maintenance, taxes, and insurance); the uses and purposes which may be served by the Project and the Site, and the benefits therefrom which will accrue to District and the general public; and the ability of District to make additions, modifications, and improvements to the Project and the Site which are not inconsistent with the Construction Services Agreement and which do not interfere with Xxxxxx’s work on the Project and the Site.

Sublease Payments means all amounts paid or payable by or on behalf ----------------- of, or credited to, the Company under, or in respect of, a Car Service Contract, including, without limitation, all service charges, rentals, excess mileage charges, delivery costs reimbursed by the Customer and cancellation or penalty payments, as well as all amounts paid or payable by the Customer as reimbursement, indemnity, fees or commissions, or on account of assumed financial responsibility or liability or otherwise.

Sublease Payments means the actual payment by the County of Base Rent or Additional Rent hereunder, which payments will be applied by the Authority to Lease Rental Payments under the Lease

Examples of Sublease Payments in a sentence

• Upon the happening of any Event of Default, Lessor may exercise remedies set forth below; provided, however, that notwithstanding anything herein to the contrary, there shall be no right under any circumstances to accelerate the Sublease Payments or otherwise declare any Sublease Payments not then in default to be immediately due and payable.

• The District shall pay all Sublease Payments due hereunder pursuant to the direction of Lessor or the assignee named in the most recent assignment or notice of assignment.

• The amount of Sublease abatement shall be such that the Sublease Payments paid by the District during the period of Project and Site restoration do not exceed the fair rental value of the usable portions of the Project and Site.

• District shall pay the GMP to Contractor in the form of Tenant Improvement Payments and Sublease Payments as indicated herein.

• The obligation of the District to pay Sublease Payments hereunder shall constitute a current expense of the District and shall not in any way be construed to be a debt of the District in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the District, nor shall anything contained herein constitute a pledge of the general tax revenues, funds or moneys of the District.

• In order to ensure that moneys sufficient to pay all costs will be available for this purpose when required, District shall maintain on deposit, and shall annually appropriate funds sufficient to make all Sublease Payments which become due to Lessor under this Sublease Agreement.

• Any references to Progress Payments shall also mean Sublease Payments.

• For each potential incident of substantial interference, decisions to be made on i) whether or not abatement shall apply; ii) the date upon which abatement shall commence; iii) the applicable portion of Sublease Payments to be abated and; iv) the concluding date of the particular abatement shall all be subject to determinations by the District.

• During the Term of this Sublease, the District shall hold title to the Site and progressively obtain title to the Project from the Lessor, and any and all additions which comprise fixtures, repairs, replacements or modifications thereof, as Sublease Payments are made to Lessor.

• In addition to delay of Sublease Payments provided in Section 7, above, Sublease Payments due hereunder with respect to the Project and the Site shall be subject to abatement prior to the commencement of the use of the Project and the Site by District or during any period in which, by reason of material damage to or destruction of the Project or the Site, there is substantial interference with the use and right of possession by District of the Project and the Site or any substantial portion thereof.

More Definitions of Sublease Payments

Sublease Payments as used in this Agreement shall mean the payments made by the District to Contractor pursuant to Section 6 of the Sublease.

Sublease Payments shall have the meaning set forth in Section 32(j)(i)(A).

Sublease Payments shall include all amounts, monies, revenues, receipts and income of every kind paid or payable to the Lessee by the Sublessee, and if and to the extent that the full fair market rental value is not charged to or payable by the Sublessee, then the fair market rental value as determined by the Port Authority, arising out of or in connection with the Sublessee’s use and/or occupancy of space in the Premises; and if the Sublease Payments are not separately stated from other charges paid or payable by the sublessee to the Lessee, then the fair market rental value, as determined by the Port Authority, for that portion of the Premises used and/or occupied by the sublessee shall be deemed to have been paid or payable to the Lessee by the Sublessee and shall constitute Sublease Payments hereunder; it being understood and agreed that in determination of whether the full fair market rental value is paid by the Sublessee, the Port Authority shall take into account the commercial terms and the risk profile of the applicable Sublease (such as the term of the Sublease and the creditworthiness of the Sublessee), but not any terms relating to any alliance, partnership, code sharing or other arrangements between such Sublessee and the Lessee.

Sublease Payments. Subtenant shall pay to Landlord sublease payments of $ per month, payable in advance on the first day of each month, for a total sublease payment of $ _. Rent will be late after the 5th and subject to late charges which are 15% of total rent. Sublease Fee: The tenant will forfeit last month’s rent (paid prior to lease start date) as a sublease fee. In the event that last month’s rent has not been paid, the tenant will be charged a sublease fee equal to one month’s rent. The subtenant is responsible for last month’s rent. Last month’s rent will not be pro-­‐ rated even though lease date is a partial month.