Third Rent definition

Third Rent means the third rent reserved by this Lease at the rate from time to time payable under clause 2.3;
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Third Rent means the rent (if any) payable pursuant to paragraph 5.2 of Schedule 3 and reserved by clause 2.3 of the Leases;
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Examples of Third Rent in a sentence

  • Within twenty working days following termination of the Lease pursuant to this clause 7, the Landlord shall reimburse to the Tenant any Principal Rent, Second Rent, [Third Rent,] Service Charge or Insurance Rent paid in advance by the Tenant in respect of the period after (but excluding) the relevant Termination Date.

  • Not more than 30 months and not less than 24 months before the first day of the Third Rent Period or the Fourth Rent Period, as applicable, Tenant shall give to Landlord a notice designating the name and address of Tenant's arbitrator ("Tenant's Designation Notice").

  • SEVENTY-THREE THOUSAND SEVEN HUNDRED FIFTY and 00/100 ($73,750) DOLLARS per annum with respect to any portion of the Demised Term applicable to the Generator Space occurring during the Third Rent Period.

  • If Landlord elects to relet the Premises as provided in this paragraph, Rent that Landlord receives from reletting shall be applied to the payment of: First, any indebtedness from Tenant to Landlord other than Rent due from Tenant; Second, all costs, including those for maintenance and repair, incurred by Landlord in reletting; Third, Rent due and unpaid under this Lease.

  • ONE MILLION ONE HUNDRED TWENTY-EIGHT THOUSAND EIGHT HUNDRED FORTY-SEVEN AND 00/100 ($1,128,847.00) DOLLARS with respect to the remainder of the Demised Term ("Third Rent Period").

  • If the cost of the Tenant’s Work is less than the Allowance, any excess Allowance, at the written request of Tenant, shall be applied by Landlord towards Rent due under the Lease as additional Abated Rent after the Third Rent Abatement Period.

  • Second, the Default Formula Rent is multiplied by 50% and added to 50% of the non- discounted rent listed in the Class Members’ leases effective on June 14, 2015, or the tenant’s first lease, which ever is later; Third, Rent Guidelines Board renewal increases, calculated using the executed lease terms, will be added to the Settled Rent forward.

  • Otherwise, the Fixed Rent for the Initial Expansion Space shall be $[****] per Qualified RSF for the First Rent Period, $[****] per Qualified RSF for the Second Rent Period, $[****] per Qualified RSF for the Third Rent Period and $[****] per Qualified RSF for the Fourth Rent Period.

  • The First Rent Abatement Period, Second Rent Abatement Period and Third Rent Abatement Period may collectively be referred to as “Rent Abatement Period”.

  • ONE HUNDRED EIGHTY-THREE THOUSAND FOUR HUNDRED EIGHT and 00/100 ($183,408.00) DOLLARS with respect to the remainder of the Demised Term (referred to as the "Third Rent Period").

Related to Third Rent

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

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

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

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

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

  • 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.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • 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.

  • 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.

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

  • 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 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.

  • 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.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • To rent means to lease, to sublease, to let, or otherwise to grant for consideration the right to

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

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

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

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

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.