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.

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

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 such event, after such Yearly Rent is determined, the parties shall execute a written agreement confirming the same.

• 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.

• Commencing on the Rent Commencement Date and continuing throughout the Term, Tenant shall pay the Yearly Rent and other charges, at the rate for Yearly Rent stated in Exhibit 1, to Landlord monthly, in advance, without demand on the first day of each month.

More Definitions of Yearly Rent

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

Yearly Rent means the rent first reserved by this Lease as payable from time to time

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 as follows:

Yearly Rent means the sum arrived at by multiplying the number of square feet comprised in the Gross Internal Area of the Building as agreed or determined pursuant to Clause 8 hereof by Twenty-seven pounds ((Pounds)27) plus VAT

Yearly Rent means the amount of rent set by the Council as shown in any Allotment Tenancy Agreement renewal letter and payable in accordance with condition (1) below. The Council reserves the right to increase the rent on and from the 1st October in any year, giving not less than 6 months written notice.

Yearly Rent the amount set out in Item 3 of the Schedule and multiplied by twelve including any alteration thereto pursuant to Clause 2.2 and Annexure 1.