Transaction Rent definition

Transaction Rent has the meaning ascribed to it in Section 2.4(e). “Transfer” excludes sales, assignments and conveyances to Affiliates and to or by Lenders who take the Project as a result of a default under a Leasehold Mortgage, and, with respect to others, means a sale, assignment or conveyance or any other transaction or series of transactions in the nature of a sale of:
Sample 1
Transaction Rent shall have the meaning provided in Section 3.4(a). “Transfer” shall have the meaning provided in Section 8.1(a).
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Transaction Rent has the meaning provided in Section 3.4. “Transfer” has the meaning provided in Section 10.2(h). “Transferee” has the meaning provided in Section 10.2(i).
Sample 1

Examples of Transaction Rent in a sentence

  • While the Hatch Act allows federal employees to express their views about candidates and political issues as private citizens, it restricts employees from using their official government positions for partisan political purposes, including by trying to influence partisan elections.

  • This Section 3.05 relates only to Transaction Rent, and does not, and shall not be construed to, permit any sale or other transaction that is not otherwise permitted under this Lease.

  • If a discrepancy is found in the number of Transactions, an adjustment shall promptly be made in the Transaction Rent payment and Lessee shall pay Lessor's costs with respect to such audit.

  • On the day of closing of the applicable Sale, Tenant shall deliver to the Authority an updated version of such statement, certified as correct by a duly authorized officer of Tenant, together with the amount of Transaction Rent (if any) due in connection with such Sale.

  • On or before the tenth (10th) day of each month, Lessee shall provide Lessor an accurate report of Transaction activity at the Airport certifying the number of Transactions made during the preceding month, and submit Transaction Rent, if such is due, as provided in Article III, Paragraph A.

  • No. 05-0063 Resolution exercising the first one-year option to extend the term of Travelex America, Inc’s Automated Teller Machine Lease No. 99-0458A from December 10, 2005 through December 9, 2006 with a Base Rent equal to the Minimum Annual Guarantee of $240,500 plus percentage rent plus Transaction Rent; and No. 99-0458B for an extension term of December 10, 2005 through December 9, 2006 with Base Rent equal to theMinimum Annual Guarantee of $240,500 plus percentage rent plus Transaction Rent.

  • Resolution exercising the first one-year option to extend the term of Travelex America, Inc=s Automated Teller Lease No. 99-0-458A for an extension term of December 10, 2005 through December 9, 2006 with Base Rent equal to the Minimum Annual Guarantee of $240,500 plus Percentage Rent plus Transaction Rent, and No. 99-0458B for an extension term of December 10, 2005 though December 9, 2006 with Base Rent equal to the Minimum Annual Guarantee of $240,500 plus Percentage Rent plus Transaction Rent.

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  • Leaseback Agreement Landlord: Winning Treasure Tenant: a subsidiary of the NMG Group immediately after Completion Property: the Property Term: 3 years from the date of the completion of the New Media Share Transaction Rent: HK$1,225,000 per monthExclusive of government rent and rates, management fees and other outgoings Deposit: HK$3,675,000 which is equivalent to three months’ rentThe terms of the Leaseback Agreement are arrived at after arm’s length negotiation and are on normal commercial terms.

  • Tenant shall pay to the Authority, as Additional Rent, a Transaction Rent in amount equal to two percent (2%) of Sale Proceeds, as that term is hereinafter defined, attributable by Tenant to this Lease and the Premises for each Sale, as hereinafter defined, any such amount to be paid simultaneously with the consummation of the applicable Sale (“Transaction Rent”).


More Definitions of Transaction Rent

Transaction Rent as defined in Section 3.05(a). “Trust” as defined in the Preamble hereof.
Sample 1
Transaction Rent shall have the meaning ascribed to it in the Hotel Ground Lease.
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Related to Transaction Rent

  • 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.

  • Market Rent shall be the anticipated rate in effect for the Premises as of the commencement of the renewal term, together with any market rate increases during the renewal term, based upon the rents generally in effect for renewed leases of space in the area in which the Building is located of equivalent quality, size, utility and location, and taking into account the length of the renewal term and the credit standing of Tenant. Landlord shall lease the Premises to Tenant in their then-current condition, and Landlord shall not provide to Tenant any allowances (e.g., moving allowance, construction allowance, free rent or the like) or other tenant inducements. In the event that Tenant shall exercise an option to renew the Lease, then the Market Rent shall be agreed upon in a meeting of the parties hereto held at least ninety (90) days prior to the expiration of the Extended Term. If the parties are able to agree on an amount of Market Rent that is mutually satisfactory, then such agreements shall be placed in writing and shall be signed by the parties hereto and shall thereupon become a part of the Lease. If the parties hereto are unable to agree upon the Market Rent at least thirty (30) days prior to the commencement of the renewal term, then the disagreement shall be promptly submitted to arbitration. In such event, each party shall select an arbitrator having not less than ten (10) years’ actual experience in the commercial real estate brokerage business, and the arbitrators so selected shall immediately meet for the purpose of hearing and deciding the dispute and fixing the relevant rate of rent. If the two arbitrators selected agree on Market Rent, their decision shall be binding on both parties. If the two arbitrators selected cannot agree on the Market Rent within ten (10) business days after appointment (the “Initial Review Period”), but the rates differ by less than five percent (5%), the Market Rent shall be the average of the two rates. If the rates differ by more than five percent (5%), no later than five (5) business days following the expiration of the Initial Review Period, the two arbitrators shall select a third arbitrator with qualifications similar to their own. Within ten (10) business days following appointment, the third arbitrator shall select one of the two rental rates promulgated by the first two arbitrators as the Market Rent. If the arbitrators cannot agree on the third arbitrator, they shall petition the presiding judge of the local state court having jurisdiction to appoint such arbitrator to act as an umpire between the arbitrators selected by Landlord and Tenant. The decision of the third arbitrator or presiding judge, as the case may be, shall be binding on both parties. Landlord and Tenant shall each be responsible to pay their respective arbitrators and will share equally the cost of the third arbitrator. Failure of Tenant to properly exercise the option herein granted shall be construed as a waiver of such option, and the Lease shall then terminate at the expiration of the Extended Term.

  • 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;

  • 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 as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

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

  • Fair Market Rent for the Subject Leased Property means for any Renewal Term shall mean an amount determined as follows: Landlord shall designate an independent MAI appraiser to determine the Fair Market Rent of the Subject Leased Property for the applicable Renewal Term within twenty (20) days after Tenant’s notice of its exercise of the applicable renewal option. Within thirty (30) days after selection of Landlord’s appraiser, Landlord shall notify Tenant of the determination made by Landlord’s appraiser with respect to the Fair Market Rent. Tenant shall then have ten (10) days to dispute such determination and to select its own independent MAI appraiser. In the event that Tenant fails to select its appraiser within such ten (10) day period, the determination of Landlord’s appraiser shall constitute such Fair Market Rent. Within ten (10) days after selection of Tenant’s appraiser, the two appraisers shall meet and attempt to agree as to the Fair Market Rent for the Subject Leased Property for the Renewal Term in question. In the event that such appraisers are unable to agree as to such Fair Market Rent then: (i) if the difference between the two determinations is less than five percent (5%) of the lower determination, then the average of the two determinations shall be deemed to constitute such Fair Market Rent; or (ii) if the difference between the two determinations is equal to or greater than five percent (5%) of the lower determination, then the two appraisers shall jointly select a third independent MAI appraiser, which appraiser shall select which of the determinations of the first two appraisers shall constitute such Fair Market Rent. Such third appraiser shall not have the right to vary or modify the determinations of the appraisers selected by Landlord and Tenant. Any appraiser selected pursuant to this paragraph must have at least ten (10) years experience in appraising commercial real estate in the area in which the Subject Leased Property is located. The appraisers shall not have the right to amend, modify or vary any of the terms of this Lease and the determination of the appraisers in accordance with this paragraph shall be final, binding and conclusive upon Landlord and Tenant. ]

  • Base Rent As defined in Section 3.1.

  • 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.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Minimum Rent means the sum of Thirty-Nine Million Four Hundred Eleven Thousand Six Hundred Sixty-Seven and 00/100 Dollars ($39,411,667.00) per annum.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

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

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