Additional Rent definition

Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

Additional Rent means all sums of money, other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease.

Additional Rent shall have the meaning given such term in Section 3.1.2(a).

Examples of Additional Rent in a sentence

• If Landlord’s Statement following the end of any Operational Year shall indicate that Actual Costs exceeded Tenant’s Estimated Share, Tenant shall pay the difference to Landlord as Additional Rent within thirty (30) days following delivery of the Landlord Statement.

• Xxxxxxxx’s assumption of limited liability under this addendum resets on a monthly basis and may be renewed monthly with the payment of Additional Rent.

• Except as specifically set forth herein, the performance of the Tenant Improvements shall not serve to extend the Rent Commencement Date or xxxxx or extend the date for commencement of Tenant’s obligation to pay the Fixed Rent or Additional Rent due under this Lease.

• For example only, if TENANT sells 250,000 gallons of fuel, as described above, in the period from July 1, 2023 to June 30, 2024, then TENANT will submit a report stating such with a payment of $1,000 in Additional Rent (250,000 X $0.02 equals $5,000, less the $4,000 prepaid Minimum Rent) within 30 days after June 30, 2024.

• A Covered Loss is any loss of or damage to Tenant’s stored goods in the Unit, provided that such loss or damage occurs due to Landlord’s negligence and during a month in which Tenant has paid Additional Rent.

More Definitions of Additional Rent

Additional Rent means Additional Rent as defined in Paragraph 7.

Additional Rent is defined in Section 3.2.

Additional Rent means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord. Additional Rent and Base Rent are sometimes collectively referred to as "Rent". Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent under applicable Law. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the first full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 days after billing by Landlord. All payments of Rent shall be by good and sufficient check or by other means (such as automatic debit or electronic transfer) acceptable to Landlord. If Tenant fails to pay any item or installment of Rent when due, Tenant shall pay Landlord an administration fee equal to 5% of the past due Rent, provided that Tenant shall be entitled to a grace period of 5 days for the first 2 late payments of Rent in a given calendar year. If the Term commences on a day other than the first day of a calendar month or terminates on a day other than the last day of a calendar month, the monthly Base Rent and Tenant's Pro Rata Share of any Tax Excess (defined in Section IV.B.) or Expense Excess (defined in Section IV.B.) for the month shall be prorated based on the number of days in such calendar month. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the earliest Rent due. No endorsement or statement on a check or letter accompanying a check or payment shall be considered an accord and satisfaction, and either party may accept the check or payment without prejudice to that party's right to recover the balance or pursue other available remedies. Tenant's covenant to pay Rent is independent of every other covenant in this Lease.

Additional Rent has the meaning set forth in Section 3.4.

Additional Rent as used herein shall not include Landlord's debt repayments; interest on charges; expenses directly or indirectly incurred by Landlord for the benefit of any other tenant; cost for the installation of partitioning or any other tenant improvements; cost of attracting tenants; depreciation; interest, or executive salaries.

Additional Rent means all amounts, costs, expenses, liabilities and obligations (including Tenant’s obligation to pay any Net Awards, Purchase Price, Termination Fee or Default Rate interest hereunder) which Tenant is required to pay pursuant to the terms of this Lease, other than Basic Rent. In addition, Tenant shall pay, as and when due, as Additional Rent all trustee fees due to the Trustee.

Additional Rent. As defined in Section 5.3.