Total Base definition
Examples of Total Base in a sentence
The Total Base Liability is determined by applying the adjustment factors from Step 4 to the Initial Liability Amount determined in Step 2.
It is expressly understood that Tenant is obligated to pay the Total Base Rent regardless of whether Tenant is unable for any reason to continue occupying the Premises for the entire Lease Term.
If Tenant shall abandon the Premises, or quit and vacate the Premises voluntarily or involuntarily, the same may be relet by the Landlord for such rent and upon such terms as the Landlord in its discretion may deem reasonable and advantageous; and, in the event of such reletting, the Tenant shall be and remain liable for any deficiency in Total Base Rent, expenses incident to such reletting, and any damages which the Landlord may sustain by virtue of the Tenant’s abandonment.
In this case, the balance of the lease Total Base Rent will be immediately due and payable.
The District has appropriated the Total Base Rent from the District’s current fiscal year and/or State funds to be received during the District’s current fiscal year, and has segregated such funds in a separate account to be utilized solely for the Lease Payments.
Accordingly, Tenant shall continue paying Installments of Base Rent to Landlord (and Guarantor(s) obligation to ensure payment of the same shall continue) for the entire Lease Term and until the Total Base Rent is paid in full by Tenant, or otherwise recovered by Landlord through mitigation of damages.
All parties acknowledge that the Total Base Rent is based on the Plans and Specifications for the Project as approved or amended by DSA or as amended by mutual agreement of the Entity and the District.
The Entity acknowledges that the Entity has visually investigated the Site and reviewed all reports for the Site provided to Entity by the District, has satisfied itself as to all issues related to site conditions that are discoverable through diligent observation by an experienced construction professional and has included all such issues in the Total Base Rent.
The total cost loading of all Individual Activities shall equal the Total Base Bid/Contract Price.
Water Code section 13385(e) requires that when pursuing civil liability under section 13385, "[a]t a minimum, liability shall be assessed at a level that recovers the economic benefits, if any, derived from the acts that constitute the violation." The Enforcement Policy requires that the adjusted Total Base Liability shall be at least ten percent (10%) higher than the economic benefit.