Sublease Rental Payments definition

Sublease Rental Payments means all payments to be made by the Redevelopment Commission to the WLCDC pursuant to the Sublease, together with the proceeds of any rental interruption insurance available to the WLCDC.
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Sublease Rental Payments means the rental payments due under the Sublease. “Supplemental Lease” means any Supplemental Lease, between the Joint Board, as lessor, and the Corporation, as lessee, for the purpose of amending and supplementing the Current Lease, and which may be entered into in connection with the issuance of Additional Bonds for the purpose of increasing the Lease Rental Payments in an amount sufficient to enable the City to pay the debt service on the Bonds, when due.
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Sublease Rental Payments means the rental payments due under the Sublease. “Supplemental Lease” means any Supplemental Lease, between the Joint Board, as
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Examples of Sublease Rental Payments in a sentence

  • The Redevelopment Commission’s obligation to pay Sublease Rental Payments shall not be subject to acceleration.

  • The Issuer covenants that it will defend the title to the Series 2016 Note and its interest in the Sublease Rental Payments and the Financing Agreement to the Trustee, for the benefit of the Bondholders and owners of the Bonds against the claims and demands of all persons whomsoever.

  • The principal and interest on the Bonds are payable solely and only from the Sublease Rental Payments and the payments to be made on the Note which payments are hereby specifically pledged and assigned to the payment thereof in the manner and to the extent herein specified, and nothing in the Bonds or in this Indenture should be considered as pledging any other funds or assets of the Issuer.

  • The Bonds, as to both principal and interest, are not an obligation or liability of the State of Indiana, or of any political subdivision or taxing authority thereof, but are a special limited obligation of the Issuer and are payable solely and only from Sublease Rental Payments and the payments to be made on the Notes issued under the Financing Agreement pledged and assigned for their payment in accordance with the Indenture.

  • Following an acceleration, nonpayment of principal of and interest on the Bonds is not an event of default so long as such nonpayment is the result of a shortfall in the amount of Sublease Rental Payments available for such payment and credit under the Financing Agreement.

  • If moneys in the Debt Service Reserve Fund are used to pay principal of or interest on the Bonds, the depletion of the balance in the Debt Service Reserve Fund shall be restored from any available excess Sublease Rental Payments after payment of Annual Fees.

  • The Trustee shall fund and maintain the Debt Service Reserve Fund up to the Reserve Requirement, initially from monies legally available to the City or Redevelopment Commission and then from any excess Sublease Rental Payments remaining after the payment of Annual Fees and principal and interest due on the Bonds.

  • Any excess Sublease Rental Payments remaining after the payment of principal and interest due shall be used first to pay Annual Fees, and next to fund and maintain the Debt Service Reserve Fund in the amount of the Reserve RequirementsRequirement, and then to redeem Series 2016 Bonds.

  • On or before each Interest Payment Date beginning on , 20 , the Issuer shall transfer to the Bond Fund, all of the Sublease Rental Payments for the payment of the principal of and interest on the Series 2016 Bonds.

  • Nothing herein should be construed as requiring Issuer to deposit or cause to be paid to Trustee for deposit in the Bond Fund, funds from any source other than receipts derived from the Sublease Rental Payments, and from the Notes and the Financing Agreement.

Related to Sublease Rental Payments

  • 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.

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

  • Consolidated Rental Payments means, with reference to any period, all payments under all Operating Leases (including payments for leases which have been reserved against), net of any related income from subleases, in each case calculated for the Company and its Subsidiaries on a consolidated basis for such period.

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

  • Base Rent As defined in Section 3.1.

  • 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.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

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

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

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

  • 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.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

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

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • 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:

  • 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.

  • 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).

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

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

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

  • 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.

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

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).

  • 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.

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

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.