Variable Rent definition

Variable Rent. The Variable Rent component of Rent, as defined in more detail in clauses (b) and (c) of the definition of “Rent.”

Variable Rent means the additional monthly rent (exclusive of GST chargeable thereon) payable by the successful tenderer during the Term which is computed as a percentage of the monthly Total Revenue, such percentage being the Variable Rent Percentage;

Variable Rent means, in respect of all Vehicles leased to the Lessee under the relevant Master Lease Agreement on any date during a Calculation Period, on any Lease Payment Date, or any other date on which accrued rent is due and payable (such date being, for the purpose of this definition only, a Lease Payment Date):

Examples of Variable Rent in a sentence

• Given the variables involved in the determination of the Base Rent and the Variable Rent from year to year, investors should exercise caution in dealing in the units of Regal REIT.

• Time shall be of the essence in respect of all provisions in these Conditions of Tender relating to the payment of the Base Rent and/or Variable Rent (or any part thereof) and any other monies by the successful tenderer or (where approval has been granted pursuant to Condition 11) the New Company.

• Any GST which is payable on the Base Rent and on the Variable Rent or any other taxable goods and services supplied under the Tenancy Agreement shall be paid separately by the successful tenderer as and when required by the Authority.

• Any GST which is payable on the Base Rent and on the Variable Rent or any other taxable goodsand services supplied under the Tenancy Agreement shall be paid separately by the successful tenderer as and when required by the Authority.

• The Tenant shall within fourteen (14) days after the date of the Landlord’s said written statement, pay to the Landlord the Variable Rent based on the Landlord’s estimate of the Total Revenue for that Relevant Month.

More Definitions of Variable Rent

Variable Rent means, for August 2014 and each calendar month thereafter during the Term, the product of (a) Base Rent for such month times (b) the Excess Product Volume Factor for such month; provided, however, that Variable Rent shall not, for any month, exceed the difference, if any, between (x) the quotient obtained by dividing (i) Base Rent by (ii) one (1) minus 30%, less (y) Base Rent [i.e., (Base Rent / (1 – 30%)) – Base Rent].

Variable Rent has the meaning stated in Section 6.2.

Variable Rent means, for any calendar month (or portion thereof) during the Term, the lesser of (a) 10% of Excess Oil Revenue for such month (or portion thereof) and (b) 28% of Base Rent (i.e., 38.9% of Minimum Rent) for such month (or portion thereof).

Variable Rent means, in respect of each Payment Date falling during an Interest Period (the “Relevant Payment Date”), rent for each day during the part of such Interest Period which starts on the preceding Payment Date and ends on the relevant Payment Date (a “Relevant Period”) in an aggregate amount in Dollars equal to the relevant Applicable Rate for each such day, each multiplied by the Outstanding Charter Hire Principal on the preceding Payment Date or (in respect of the first payment of Variable Rent under this Charter) the Delivery Date, for such Relevant Period and by reference to the actual number of days elapsed during such Relevant Period.”;

Variable Rent means, with respect to each Rent Period, an amount equal to interest accrued on the Lease Balance (or, with respect to a Schedule, on the Schedule Balance) outstanding during such period at the Interest Rate.

Variable Rent means the variable rent payable by the Lessee pursuant to each Lease Agreement, being a 100%, 100%, 70%, 60% and 50% share of Collective NPI Excess for each year from 2006 to 2010, respectively

Variable Rent means (i) 6/12-month KIBOR plus Spread respectively multiplied by (ii) the Outstanding Fixed Rent at the commencement of the applicable Lease Period multiplied by (iii) the number of days in that Lease Period divided by 360.