Rent Expense definition

Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

Rent Expense means, for any period, the rent expense of the Company and its Subsidiaries under all operating leases on a Consolidated basis in respect of such period.

Examples of Rent Expense in a sentence

• The aggregate lease rentals payable are charged to the Statement of Profit & Loss as Rent Expense.

• Rent Expense for furniture, fixtures and equipment may be reported among other operating expenses.If the Real Estate Tax Audit Report Form being submitted covers more than one year, information regarding additional years should be supplied on an attached chart.

• Salaries and Wages Expense ............................................Cash ............................................................................Rent Expense .

• For example, the taxpayer may list Rent Expense and Security Expense as "administrative," but if significant portions benefit the production/inventory activities, they should be so identified in this first step.

• Salaries and Wages Expense ............................................1,000 Rent Expense ....................................................................Cash .

More Definitions of Rent Expense

Rent Expense means the consolidated rent expense of the Borrower and its Subsidiaries, as determined in accordance with GAAP.

Rent Expense means, as to any Person for any period, the aggregate rent and lease expenses recorded by such Person and its Subsidiaries on a consolidated basis in conformity with GAAP pursuant to any Operating Lease.

Rent Expense means the actual rent expense incurred by the Borrowers, the Guarantor or any Affiliate as a tenant under leases with respect to any senior living facility.

Rent Expense means, for any period, the sum of all base and percentage rental expense (but excluding any expense payable for leasehold improvements, common area maintenance, taxes, insurance, utilities, marketing costs and similar charges) for real property of the Borrowers and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

Rent Expense. For any Measurement Period, the aggregate consolidated amount of rent expense as determined in accordance with GAAP.

Rent Expense means rent expense computed under and in accordance with GAAP, exclusive of any non-cash adjustment under GAAP for the straight lining of rent.

Rent Expense means, for any period, the rental expense of the Borrower and its consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP excluding rental expense with respect to leases of aircraft scheduled to terminate no more than 365 days after their respective dates of execution.