Yearly Rent definition

Yearly Rent in respect of a mining lease, means the yearly rent that would have been payable under the Mineral Resources Act 1989 if the lease had been created on the date fixed by the chief executive pursuant to this Act as the date at which all lands in the area in which the lease is situated are required to be valued.

Yearly Rent means as follows:

Yearly Rent means until the Review Date the initial Rent and thereafter any sum substituted for it under the provisions of schedule 5.

Examples of Yearly Rent in a sentence

• Such monthly estimated payments shall be made commencing on the aforesaid date and otherwise at the same time and in the same manner as Tenant’s monthly payments of Yearly Rent.

• In the event of any such termination, this Lease and the Term hereof shall expire as of such effective termination date as though that were the Expiration Date as stated in Exhibit 1, and the Yearly Rent (together with Operating Costs Excess and Tax Excess) shall be apportioned as of such date.

• In the event of any such termination, this Lease and the term hereof shall expire as of such effective termination date as though that were the Termination Date as stated in Exhibit 1, and the Yearly Rent shall be apportioned as of such date.

• If any part thereof shall be sold, then Landlord may receive and retain the proceeds of such sale and apply the same, at its option, against the expenses of the sale, the cost of moving and storage, any arrears of Yearly Rent, additional or other charges payable hereunder by Tenant to Landlord and any damages to which Landlord may be entitled under Article 21 hereof or pursuant to law.

• During the term of this Lease the Yearly Rent and other charges, at the rate stated in Exhibit 1, shall be payable by Tenant to Landlord by monthly payments, as stated in Exhibit 1, in advance and without demand on the first day of each month for and in respect of such month.

More Definitions of Yearly Rent

Yearly Rent the Initial Rent and the rent ascertained in accordance with schedule 9

Yearly Rent has the meaning given to it in the Underlease; and Zone of Influence means volumes of space (whether above or below ground or otherwise covered) which are:

Yearly Rent means One pound (£1) per annum (if demanded), (exclusive).

Yearly Rent means the amount of rent set by the Council. This is £39 for a full plot and £19.50 for a half plot. The Council reserves the right to increase the rent on and from the 1st October in any year, not less than 6 months written notice.

Yearly Rent means the sum of (Pounds)18.50 plus VAT multiplied by the number of square feet comprised in Gross Internal Area of the Building as agreed or determined in accordance with Clause [11]

Yearly Rent means until the first review date the rent of SIX THOUSAND SEVEN HUNDRED AND TWENTY POUNDS (£6,720) STERLING per annum and during each successive review period a rent per annum equal to whichever is the greater of the rent payable immediately before the relevant review date (or which would be payable were it not for any abatement of rent in accordance with this Lease or any statutory restriction or modification) and the revised rent;

Yearly Rent. Fifty Eight Thousand Six Hundred and Eighty-Eight pounds ((pound)58,688) per annum exclusive.