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TI Rent definition

TI Rent means an amount to be reimbursed to Landlord for costs of the Tenant Improvements (as defined in Exhibit D) in excess of the Base Improvement Allowance (as defined in Exhibit D), comprised of the Capitalized TI Rent and the Amortized TI Rent.
TI Rent as defined in Section 4 of the Master Lease Agreement; provided, however, if Sub-Sublandlord reasonably determines that Sub-Subtenant is consuming Utilities or other services in excess of its proportionate share of the same (based upon the size of the Sub-Subleased Premises compared to the size of the Building or the Project), then Sub-Subtenant shall pay to Sub-Sublandlord, as Additional Rent, within ten (10) business days after receipt of an invoice, the cost of such excess consumption. All Additional Rent that is payable to Sub-Sublandlord shall be paid at the time and place provided herein for payment of Base Rent, except as otherwise provided in this Sub-Sublease or instructed by Sub- Sublandlord in writing or set forth in the Master Lease or the Sublease. Sub-Sublandlord will have the same remedies for a default in the payment of any Additional Rent as for a default in the payment of Base Rent. Together, Base Rent, Additional Rent and any other sums due hereunder from Sub-Subtenant are sometimes referred to in this Sub-Sublease as “Rent”. Any time Rent abates under the Sublease, Rent otherwise required to be paid to Sub-Sublandlord under this Sub- Sublease (and not waived hereunder) shall xxxxx proportionally to the extent Sub-Subtenant is prevented from, and does not actually use the Sub-Subleased Premises as set forth in the Master Lease, as incorporated herein. If Sub-Subtenant is entitled to any abated Base Rent which has been prepaid, Sub-Sublandlord shall return such abated amount to Sub-Subtenant within thirty (30) days.
TI Rent in equal monthly installments commencing on the Rent Commencement Date and continuing on the first (1st) day of each month thereafter for the remainder of the Original Term to reimburse the Landlord for Net TI Costs incurred by the Landlord in constructing the agreed upon “Initial Tenant Improvements” to the Premises (see “Landlord’s Work” herein below). As of the Date of this Lease, the Landlord and the Tenant have agreed that the Maximum Net TI Costs will not exceed the amount of $25,000,000 (the “Maximum Net TI Costs”). As contemplated under Section 10.2(a) hereof, after completion and approval by Landlord and Tenant of the Final Tenant Improvement Plans and Specifications, Landlord will provide Tenant with a cost estimate of the Initial Tenant Improvements. To the extent that such total cost estimate exceeds the Maximum Net TI Costs (the “Excess TI Costs”) either (i) the Final Tenant Improvement Plans and Specifications will be revised to eliminate such Excess TI Costs, or (ii) Tenant will agree that the Maximum Net TI Costs will be increased by the amount of such Excess TI Costs. On or about the Rent Commencement Date, the actual TI Rent payable by Tenant shall be calculated based upon the final Net TI Costs (but in any event not to exceed the then effective “Maximum Net TI Costs”) and the applicable interest rate then payable by Landlord to finance such Net TI Costs. Such actual TI Rent shall be the monthly amount (level payment of principal and interest) required to fully amortize a loan in the amount of such Net TI Costs and bearing interest at such applicable interest rate over the Original Term (15 years). If, during the Original Term, such applicable interest rate changes, the TI Rent will be recalculated based upon the then outstanding principal balance of such Net TI Costs, the time remaining in the Original Term and the replacement applicable interest rate.

Examples of TI Rent in a sentence

  • Any TI Rent remaining unpaid as of the expiration or earlier termination of this Lease shall be paid to Landlord in a lump sum at the expiration or earlier termination of this Lease.

  • A copy of this Subordination Agreement may be filed with any court as evidence of the Senior Xxxxxx’s right, power and authority thereunder.

  • Any TI Rent remaining unpaid as of the expiration or earlier termination of the Lease shall be paid to Landlord in a lump sum at the expiration or earlier termination of this Lease.

  • The Additional TI Rent shall be payable beginning on the Commencement Date monthly in advance together with the payment of Base Rent and shall be included in the definition of “Rent” for all purposes under the Lease.

  • The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease (other than the funding of the additional TI Allowance for which TI Rent is due) are independent obligations.

  • An employee shall consult with their supervisor in arranging the timing for medical and dental appointments that cannot be arranged outside working hours.

  • Base Rent (excluding any TI Rent) shall be increased on the first annual anniversary of the first day of the first full month after the Commencement Date to $3.60 per rentable square foot of the Premises per month.

  • Any TI Rent remaining unpaid as of the expiration or earlier termination of this Lease resulting from a Default by Tenant under this Lease shall be paid to Landlord in a lump sum at the expiration or earlier termination of this Lease.

  • Any portion of the Glasswasher Allowance actually disbursed shall, to the extent used, result in TI Rent as set forth in the Lease.

  • The TI Rent will not be subject to increase on any Adjustment Date.


More Definitions of TI Rent

TI Rent has the meaning given to it in Section 4.4.

Related to TI Rent

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto. (a) Base Rent Paid Upon Execution: $ N/A as Base Rent for the period N/A.

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

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

  • 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.

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

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

  • 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 means Basic Rent and Supplemental Rent, collectively.

  • 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.

  • 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

  • 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).

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

  • 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).

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • For Rent sign, or both "For Sale" and "For Rent" signs, and all said signs shall be placed upon such part of the Leased Premises as Landlord shall require, except on doors leading into the Leased Premises. Prospective purchasers or tenants authorized by Landlord may inspect the Leased Premises at reasonable hours at any time.

  • 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.

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

  • 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.

  • Percentage Rent As defined in Subsection 3.1(b).