Accelerated Rent definition

Accelerated Rent. For the purpose of calculating all items of the additional rent component of the Accelerated Rent, Landlord may make a determination based upon such sums for the full year immediately prior to the event of default, or otherwise in Landlord's reasonable judgement; or Landlord shall have the right to insist upon and obtain specific performance of any and all terms of this Lease Agreement; and/or
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Accelerated Rent means the aggregate of:
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Examples of Accelerated Rent in a sentence

  • As used herein, “Present Value” shall mean Accelerated Rent Amount discounted at a discount rate equal to the yield on the ten (10) year U.S. Treasury Note.

  • Landlord may then proceed to recover and collect the Present Value, as defined herein, of the Accelerated Rent Amount, and interest on said amount and other sums so sued for from Tenant by distress, levy, execution or otherwise.

  • The payment of any such excused rent shall be deducted from any Accelerated Rent Difference or Accelerated Rent to which Landlord maybe entitled under Section 13.02.

  • If it shall be determined at the expiration of the term of this Lease that a credit is due Tenant because the net proceeds of reletting, as aforesaid, plus the amounts paid to Landlord by Tenant by Accelerated Rent Component or otherwise, exceed the aggregate of rent and other charges accrued in favor of Landlord to the end of said term, Landlord shall refund such excess to Tenant, without interest, promptly after such determination, after written request by Tenant.

  • The next step is the actual evaluation of the impact of the different DIT4TraM solutions that will be produced after the pilots’ implementations.

  • Landlord may then proceed to recover and collect the Present Value, as defined in this Lease, of the Accelerated Rent Amount, and interest on the amount and other sums so sued for from Tenant by distress, levy, execution or otherwise.

  • Landlord and Tenant acknowledge and agree that the payment of the Accelerated Rent shall not be deemed a penalty, but merely shall constitute payment of liquidated damages, it being understood that actual damages to Landlord are extremely difficult, if not impossible, to ascertain.

  • Tenant shall be entitled to a credit for any portion of the Accelerated Rent Component paid by Tenant to Landlord.

  • Landlord may, in its sole discretion and upon written notice, send to the lease premises notice for accelerated Monthly Payments and declare the remainder of Monthly Payments due under the Lease (Accelerated Rent), which shall be immediately due and payable.

  • Payment of the Accelerated Rent Amount shall be applied as a Dollar for Dollar reduction of the Lessor Advances.