Examples of Turnover Rent in a sentence
If any Turnover has been understated, the Landlord will be entitled to issue a further demand for any additional Turnover Rent following the audit and the Tenant must pay the additional Turnover Rent to the Landlord within [10 Business Days] plus interest at the Interest Rate calculated from the date that the Turnover Rent would have been paid had the Turnover Rent not been understated.
To preserve the operation of this Part of the Schedule and to enable the Turnover Rent to be accurately assessed, the Tenant must ensure that: any person other than the Tenant who contributes to Turnover is subject to the same obligations with respect to Records as are imposed on the Tenant in this Part of the Schedule; the Landlord has the same rights in respect of any such person(s) as it does in this Part of the Schedule in respect of the Tenant.
Specifically, technologies related to the big data life cycle and associated data value chains, are now recognized as having past the stage when they were considered as a frontier technology and have become acknowledge as a set of capabilities that must be pervasively incorporated across enterprise functions and operators.
On receipt of an Annual Turnover Certificate, the Landlord must calculate the Turnover Rent for the Turnover Period and serve on the Tenant a demand for any balance due taking into account all On-Account Payments made in respect of the relevant Turnover Period.
The Tenant must pay an On-Account Payment for each On-Account Period on account of the Turnover Rent.