Variable Lease Payment definition

Variable Lease Payment means the part of the Lease Payments accrued by the Lessor for a specific Agreement depending on the size of the expenses of the Lessor incurred by it in connection with the conclusion and/or performance by the Lessor of such Agreement for a specific Lease Period, and/or the cost of any Additional Services provided by the Lessor under the relevant Agreement for a specific Lease Period and payable by the Lessee in accordance with clause 10.5 herein. The Lessor has the right to include the Lessor’s expenses and other amounts provided for in clause 10.4 of these General Terms and Conditions in the Variable Lease Payment, as well as other amounts, the reimbursement or payment of which by the Lessee to the Lessor is provided for by these General Terms and/or the relevant Agreement.
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Variable Lease Payment the amounts payable by Guangzhou Haiyuehui to the Landlord for
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Variable Lease Payment the amounts payable by CRP Investment to CRL Shenzhen for the
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Examples of Variable Lease Payment in a sentence

  • As the highest applicable percentage ratio in respect of the highest total amount of the Variable Lease Payment for a year during the lease term is less than 0.1%, the Variable Lease Payment under the Lease Agreement constitutes a de minimis transaction pursuant to Rule 14A.76(1) of the Listing Rules and is fully exempt from shareholders’ approval, annual review and all disclosure requirements under Chapter 14A of the Listing Rules.

  • As such, under Chapter 14A of the Listing Rules, the transactions contemplated under the Lease Agreement and the Fixed Lease Payment constitute a one-off connected transaction of the Company, whereas the Variable Lease Payment will be regarded as a continuing connected transaction of the Company under Rule 14A.31 of the Listing Rules.

  • Notwithstanding the preceding paragraph of this Clause 10.5, the Lessor shall be entitled to invoice any of his/her costs to be reimbursed as part of the Variable Lease Payment under any Agreement until the Lessor has actually incurred such costs (in advance).

  • An invoice for the Variable Lease Payment shall be due and payable by the Lessee on or before the Due Date closest to the date of such invoice.

  • The amount of the next instalment of the Variable Lease Payment shall be determined by the Lessor for each Agreement in the relevant invoice to be sent to the Lessee.

  • The Lessor shall be entitled at his/her discretion, based on the assessment of commercial feasibility, not to include any of costs in the Variable Lease Payment under any Agreement, even if such costs may formally be included by it in the Variable Lease Payment under such Agreement in accordance with these General Terms and Conditions.

  • The Lessee’s obligations to pay the Variable Lease Payment under each Agreement shall be due and payable in Rubles of the Russian Federation in accordance with clause 10.5 hereof.

  • The Variable Lease Payment will be recognised as expenses in the Group’s profit and loss accounts in the periods in which they are incurred, and the payment of such expenses will be regarded as a continuing connected transaction for the Company under Chapter 14A of the Listing Rules.

  • As the highest applicable percentage ratio in respect of the highest total amount of Variable Lease Payment under the Lease Agreement for a year during the lease term is less than 0.1%, Variable Lease Payment under the Lease Agreement constitutes a de minimis transaction pursuant to Rule 14A.76(1) of the Listing Rules and is fully exempt from shareholders’ approval, annual review and all disclosure requirements under Chapter 14A of the Listing Rules.

  • Under Chapter 14A of the Listing Rules, the transactions contemplated under the Lease Agreement and the Fixed Lease Payment constitute a one-off connected transaction of the Company, whereas the Variable Lease Payment will be regarded as a continuing connected transaction of the Company under Rule 14A.31 of the Listing Rules.

Related to Variable Lease Payment

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]