Term rental definition
Term rental means rental o f a vehi cle by a Federal agency, on contract or by other arrangement, from an inter agency motor pool or commercial firm, and used continuously for a period o f 3 months or more.
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Related to Term rental
Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50
Additional Rental has the meaning set forth in Section 4.03.
Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).
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.
Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.