Additional Rent Adjustment definition

Additional Rent Adjustment means, with respect to any Aircraft (whether transferred as an Independent Aircraft or a BI Aircraft, but excluding any Substitute Aircraft), any Additional Rent under the Lease for such Aircraft received (and any amounts debited from the Security Deposit relating to such Aircraft due to the nonpayment of such Additional Rent) received by or on behalf of the Seller or an Existing Lessor of that Aircraft after the AP Closing Date through the Delivery Date or the BI Transfer Date, as applicable.
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Additional Rent Adjustment has the meaning given to such term in the Asset Purchase Agreement or, in the case of any Additional Aircraft acquired through the issuance of Additional Notes, to any comparable term in any other Acquisition Agreement.
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Additional Rent Adjustment means Additional Rent Adjustment as defined in Paragraph 7(b).
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Examples of Additional Rent Adjustment in a sentence

  • Landlord reserves the right to reasonably re-estimate and modify the Estimated Annual Tax, Insurance and Utility Charge by notice to Tenant once annually on the Additional Rent Adjustment Date (as defined in Section 4.2.4 hereof), and Tenant's payments shall thereupon be adjusted accordingly.

  • Annual Required Contribution (ARC) Year Beginning March 1, 2015TotalNormal Cost$3,851,298Initial UAAL Amortization$14,034,471Residual UAAL Amortization ($1,754,276)ARC$16,131,493 The normal cost remains as long as there are active employees who may some day qualify for District-paid retiree health benefits.

  • If the Notice of Comparison provides there is an Additional Rent Adjustment payable by Landlord, then Landlord shall, within thirty (30) days after delivery of the Notice of Comparison return to Tenant the amount set forth in the Notice of Comparison as the amount of the Adjustment of Additional Rent due to Tenant.

  • The risk they pose to biodiversity has resulted in them being banned in several States in the United States of America.As to the neo-tropical stingrays he says that they have seldom formed invasive species in the wild and the risk of establishment is low.

  • If the Audit results in a change in the Actual Operating Expenses, the resulting Additional Rent Adjustment shall be paid or adjusted in accordance with the provisions of Sections 2.1(b)(iii) above and 2.1(b)(v) below.

  • Landlord shall have ten (10) Business Days after receipt thereof and of such annual financial reports to notify Tenant of any dispute as to Tenant’s calculation of the Additional Rent Adjustment.

  • If this Agreement is terminated for any reason other than an Event of Default by Tenant on any day other than the end of a full Fiscal Year, then the amount of the Additional Rent Adjustment for such partial Fiscal Year shall be prorated.

  • Conversely, if the Notice of Comparison provides there is an Additional Rent Adjustment payable by Landlord, then Landlord shall apply overpayment to reduce any unsatisfied obligations of Tenant to Landlord, and the balance, if any, shall be returned to Tenant at the address of Tenant provided to Landlord upon expiration of the Term.

  • During the Term, Tenant shall pay to Landlord, in accordance with the terms of Section 5.1, monthly Rent in lawful money of the United States of America, which shall be legal tender for the payment of public and private debts, without offset or deduction, in the amounts described on Schedule 5.1 (and subject to the Rent Adjustment and the Additional Rent Adjustment).

  • Concurrently with the submission to Landlord of the annual financial reports as required by Section 6.2 of this Agreement for each Fiscal Year, Tenant shall prepare and deliver a statement for the Communities that reflects Tenant’s calculation of the Additional Rent Adjustment for such Fiscal Year for the Communities.


More Definitions of Additional Rent Adjustment

Additional Rent Adjustment. Date shall mean, for any Fiscal Year during the Fixed Term and the First Extended Term, the date on which an amount of Net Patient Revenues shall have been generated by the Collective Leased Properties, such that the aggregate Additional Rent due to HRP for the Collective Leased Properties for the then current Fiscal Year is equal to two percent (2%) of the sum of the Purchase Prices for the Collective Leased Properties. Adjusted Percentage Yield shall mean, for the applicable Lease, a percentage equal to 450 basis points above the yield (calculated on the basis of a monthly equivalent yield) on 5-year United States Treasury securities computed at the close of the applicable Business Day and based upon information quoted in The Wall Street Journal, all as more particularly described in Section 3.1.1.
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Related to Additional Rent Adjustment

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.