Supplemental Rent Payment definition
Examples of Supplemental Rent Payment in a sentence
Supplemental Rent shall be payable for each calendar quarter on the Supplemental Rent Payment Date immediately following the end of such calendar quarter.
On the 1997 Refinancing Date, the Lessee shall pay to the Lessor Supplemental Rent in the amount of Four Million Six Hundred Five Thousand Eight Hundred Ten Dollars and Fifteen Cents ($4,605,810.15) in immediately available funds (the "1997 Supplemental Rent Payment").
The Supplemental Rent Payment Date with respect to each Fiscal Year shall be the first Rent Payment Date following the delivery of the Annual Accounting Statement with respect to such Fiscal Year.
Commencing with the second Supplemental Rent Payment Date in calendar year 2000 and on each Supplemental Rent Payment Date thereafter during the Term, and in addition to Basic Rent, the Operator shall pay to the Owner Supplemental Rent in an amount equal to fifty percent (50%) of Cash Flow for the calendar quarter immediately preceding such Supplemental Rent Payment Date.
Supplemental Rent shall be payable for each Lease Year on the Supplemental Rent Payment Date.
The Mountain’s Edge Supplemental Rent Payment is due at the same time as Fixed Monthly Rent as described in Section 3.1. As of the Amendment Execution Date, the current Mountain’s Edge Supplemental Rent Payment is $19,834.24.
During the Temporary Abatement Period (and only during the Temporary Abatement Period), Tenant shall not be deemed in default if it pays each Fixed Monthly Rent payment, Replacement Reserve Payment and Mountain’s Edge Supplemental Rent Payment due and payable during the Temporary Abatement Period prior to the due date of the subsequent month’s Fixed Monthly Rent payment and Replacement Reserve Payment.
On the 1997 Refinancing Date, the Lessee shall make the 1997 Supplemental Rent Payment pursuant to Section 2 of the Second Lease Supplement and the payments required by Section 2 of the second supplement to the Other Leases.
The Owner shall provide the County Manager or her designee with a copy of the written calculation of the Off-Site and On-Site Supplemental Rent Payment for each Eligible Household within fifteen (15) days of occupancy of the temporary off-site housing unit by the Eligible Household and on or before each February 1st thereafter during the term of this Agreement.
The Owner covenants and agrees to calculate the amount of the On-Site Supplemental Rent Payment for each Eligible Household prior to the execution of a new residential lease by the Eligible Household for its temporary on-site housing residential unit.