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).
Sample 1Sample 2
Transaction Rent as defined in Section 3.05(a). “Trust” as defined in the Preamble hereof.
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 shall have the meaning ascribed to it in the Hotel Ground Lease.
Sample 1

Related to Transaction Rent

  • 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).

  • 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.

  • Landlord’s Statement An instrument containing a computation of any Additional Rent due pursuant to the provisions of this Article 5.

  • Market Rent means the price that a ready and willing tenant would pay, at commencement of the Option Term, as monthly base rent to a ready and willing landlord of similar space in the geographical area of San Diego County known as Del Mar Heights if such office space were offered for lease on the open market for a reasonable period of time and be the product of the fair market annual rental rate per rentable square foot multiplied by the Rentable Area of the Premises (as set forth in the Basic Lease Information), determined as follows: (a) as mutually agreed by Landlord and Tenant within ten (10) days of Landlord’s delivery to Tenant of Landlord’s opinion of the Market Rent for the first year of the Option Term (“Landlord Rent Notice”, which shall be Verus Lease v06 -4- February 2, 2005 (8:51 pm) delivered to Tenant within ten (10) days of receipt of Tenant’s written Extension Notice; or (b) in the event that Landlord and Tenant are unable to so agree, the Market Rent shall be determined by concurrent appraisals pursuant to Section 4.01(c) below. In determining Market Rent, appraisers shall take into account the duration of the Option Term, the quality, condition and prestige of the Building and Premises (as tenant improvements are maintained as required by the terms and conditions of this Lease), recent monthly rental rates and annual base rent escalations for buildings of similar size and location imputed to the commencement of the Option Term, condition and quality of comparable tenant improvements in buildings of similar quality and location and all relevant economic terms of this Lease, including free rent and other economic inducements, it being the intent that Market Rent, as so determined, should reflect the total economic package which would be offered at the time of commencement of the Option Term to a new tenant for the Premises, or substantially similar space in a building of similar quality, condition, and location and with similar tenant improvements under a lease with substantially the same terms and provisions as the applicable terms and provisions of this Lease (“Market for Similar Space”) without discounting the rent for the creditworthiness of the Tenant or for the cost of real estate leasing commissions. Landlord’s Rent Notice, and any determination of Market Rent by appraisal as described herein, shall also set forth the market annual base rent escalation rate then prevailing in the relevant marketplace, which shall be used for purposes of determining Base Rent adjustments during the Option Term in accordance with Section 4.03 below.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • 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%.

  • 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.

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

  • 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.

  • 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.

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

  • 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 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).

  • 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).

  • 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.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • 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.

  • 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.

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

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

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

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

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