Supplementary Rental definition

Supplementary Rental means, in respect of a Lease Period, an amount equal to the Services Charge Amount and any value added tax payable in relation to such Services Charge Amount applicable to the immediately preceding Lease Period, save that no Supplementary Rental shall be payable on the first Rental Payment Date;
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Supplementary Rental means, in respect of the first Rental Period, an amount equal to the Fixed Services Fee (as defined in the Wakalah Agreement) payable by the Trustee pursuant to the Wakalah Agreement and, in respect of any Rental Period, the Wakalah Services Charge Amount (if any) incurred by the Lessor in relation to the Lease Assets in the immediately preceding Rental Period or as notified to the Lessee by the delivery of a Rental Notice (as defined in the Lease Agreement) in accordance with the Lease Agreement. For the avoidance of doubt, the Lessee shall not pay to the Lessor any Supplementary Rental in respect of any Incentive Fee (as defined in the Wakalah Agreement) which may be payable by the Trustee to the Wakeel pursuant to the Wakalah Agreement.
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Supplementary Rental means, in respect of a Lease Period, an amount equal to the Services Charge Amount applicable to the immediately preceding Lease Period, save that no Supplementary Rental shall be payable on the first Rental Payment Date;
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Examples of Supplementary Rental in a sentence

  • As the Service Charge Amount and Supplementary Rental are equal, the Fund will not incur any additional expenses in respect of the Service Charge Amount.

  • The Service Charge Amount is also equivalent to the additional payment payable by the Sponsor to the Trustee (known as Supplementary Rental) under the Lease Agreement and the Service Agency Agreement.

  • The Supplementary Rental shall be payable annually in arrears at the anniversary of the Lease Term, but can be set-off against service charge for major maintenance and structural repairs rendered under the Service Agency Agreement (“Service Charge Amount”) payable by the Lessor under the Service Agency Agreement (as elaborated below).

  • The Service Charge Amount payable by the Trustee under the Service Agency Agreement shall be equivalent to the Supplementary Rental payable by the Sponsor pursuant to the Lease Agreements and as such the Trustee shall reimburse the Sponsor for the Service Charge Amount in the preceding year which amount shall be set-off against the Supplementary Rental on the date of payment of Lease Rental in the first month of each year of the lease.

  • Notwithstanding with the above, an amount equal to the Supplementary Rental to be paid by the Sponsor (as lessee) to the Lessor as (or as part of any) rental pursuant to the Lease Agreement; or the Service Charge Amount that is payable as part of any Exercise Price; shall be set off against the Service Charge Amount to be paid by the Trustee to the Sponsor.

  • Supplementary Rental means in respect of a Rental Period, an amount equal to the Servicing Agency Expenses (if any) incurred by the Lessor in relation to the Lease Assets (as defined in the Lease Agreement) in the immediately preceding Rental Period or as notified to the Lessee by the delivery of a Rental Notice in accordance with the Lease Agreement.

  • Further information on the payment of the Service Charge Amount and the Supplementary Rental is detailed in Section 13.2 of this Prospectus.

  • An amount equal to the Services Charge Amount to be paid by the Republic as part of the Exercise Price and any Services Charge Amount to be paid by the Issuer in accordance with the Servicing Agency Agreement which has not been paid at such time by way of payment of Supplementary Rental (as defined in the Lease Agreement) under the Lease Agreement shall be set off against one another.

  • Supplementary Rental (to be paid in advance) which shall be equal to the amount of actual expenses for the Services incurred by the Investment Agent in the immediately preceding Rental Period.

  • If the actual expenses for the current Rental Period go beyond the Supplementary Rental, the same shall be reimbursed by the Investors/Lessor to the Service Agent through deduction from the rentals received by the Investment Agent.


More Definitions of Supplementary Rental

Supplementary Rental means, in relation to a Rental Period (other than the First Rental Period), an amount equal to the Services Charge Amount applicable to the previous Rental Period;
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Supplementary Rental means, in respect of a Lease Period, an amount equal to the
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Supplementary Rental means expenses incurred by the Service Agent in respect of maintenance, repair and insurance of the Sukuk Assets equal to the amount payable by the SPC under the Service Agency Agreement (as notified to the CAA through a Delegation by the Service Agent) in respect of the most recently expired lease period Major Maintenance, Repair and Insurance responsibilities will be undertaken by the CAA (as beneficial owner of Sukuk Assets) but may be delegated to GOP as Service Agent under a Service Agency Agreement in consideration for a nominal fee. At maturity or upon an Event of Default, GOP undertakes to purchase (pursuant to a Purchase Undertaking) the Sukuk Assets at the Exercise Price. The Purchase Undertaking (Wa’d) clearly states that the Exercise Price will be an amount equal to the initial cost of the Sukuk Assets plus any accrued amounts under the Ijara Agreement with respect to the Supplementary Rental.. Xxxxx subscribe to their respective share of the Sukuk Issue through the Subsidiary General Ledger Account (“SGLA”) mechanism SPC (as Issuer) will issue Sukuk Certificates, the proceeds of which it will use to purchase of the Sukuk Assets. Each sukuk certificate will represent an undivided interest in the Sukuk Assets.
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Supplementary Rental means, in respect of a Lease Period, an amount equal to the Services Charge Amount and any Value Added Tax payable in relation to such Services Charge Amount applicable to the immediately preceding Lease Period in excess of the amount of the Servicing Agent Expenses Reserve, as agreed between the Lessor and as notified to the Lessee by the delivery of a Lease Period Notice;
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Related to Supplementary Rental

  • 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:

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

  • 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.

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

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

  • Supplementary Card means a Card issued by the Bank subject to this Agreement to a Supplementary Cardholder nominated by the Principal Cardholder and at the joint request of the Principal Cardholder and such Supplementary Cardholder; and

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

  • Base Rent As defined in Section 3.1.

  • Supplementary Conditions means the part of the Contract that amends or supplements the General Conditions;

  • 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).

  • Supplementary Agreement means the agreement of which a copy is set out in the Fifth Schedule;

  • 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;

  • Supplementary aids and services means aids, services and other supports that are provided in regular education classes or other education-related settings and in extracurricular and nonacademic settings to enable children with disabilities to be educated with children without disabilities to the maximum extent appropriate.

  • Supplementary Material means, collectively, any amendment to the Offering Documents and any amendment or supplemental prospectus or ancillary materials that may be filed by or on behalf of the Corporation under Applicable Securities Laws relating to the Offering and/or the distribution of the Offered Shares;

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

  • 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.

  • Supplemental Deed means a deed supplemental to this Deed, executed by the Management Company and the Trustee, after seeking approval of the SECP, to modify, add to, alter and amend or amend and restate the provisions of this Deed or any other Supplemental Deed in such manner and to such extent as may be considered expedient for all purposes, which shall be consolidated, read and construed together with this Deed.

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Supplementary Cardmember means a person who has been nominated by the Cardmember to be issued with an additional Card on the Account and is also covered by the insurance benefits included with the Card.

  • 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.

  • 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.

  • 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.

  • 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.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

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

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.