Additional Rents definition

Additional Rents 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.

Additional Rents shall have the meaning assigned thereto in Section 10.2(a).

Additional Rents shall have the meaning assigned thereto in Section 10.2(a). “Adjusted Gross Asset Value” shall have the meaning assigned thereto in Section 2.2(a).

Examples of Additional Rents in a sentence

• All rents collected, both Basic Rents (as hereinafter defined) and Additional Rents (as hereinafter defined) shall be deemed to be applied first to current rental periods and second to satisfy rental obligations arising from past rental periods.

• Additional Rents that were collected before Closing but relate in part to a period after Closing shall be apportioned as of the Closing Date and Purchaser shall receive a credit against the Purchase Price for any such Additional Rents attributable to periods from and after Closing.

• Not later than three (3) months following the Closing Date, Seller shall provide to Purchaser, Sxxxxx’s proposed reconciliation of Additional Rents for the Property for the calendar year 2024 prior to the Closing Date.

• As used herein the term “Basic Rents” shall mean all rents and charges payable by Tenant under the Lease including, without limitation, minimum, basic and occupancy rents, but excluding Additional Rents.

• Purchaser shall use commercially reasonable efforts to collect any Additional Rents for the Property operating year (2024) in which Closing occurs, where such Additional Rents first become due after Closing, but shall have no obligation to collect any Additional Rents for periods relating to operating years which ended prior to Closing.

More Definitions of Additional Rents

Additional Rents shall have the meaning set forth in Section 8.5(a).

Additional Rents means any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

Additional Rents means amounts tenants may be obligated to pay as additional rent, including certain percentage rent, certain escalations in base rent, and certain pass-throughs of operating and similar expenses.

Additional Rents as such term is defined in Section 3.2.2 hereof.

Additional Rents means any and all amounts due from or paid by tenants including, without limitation, operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges that are paid by the tenant(s) to Seller, as landlord, as opposed to charges (e.g. utility) that the tenant(s) pays directly to third parties. The provisions of this Section 15.5 shall survive the Closing and the delivery of any conveyance documentation.

Additional Rents means any and all amounts due from Tenants for Operating Expenses and any other Tenant charges other than Rents.

Additional Rents means all amounts, other than Fixed Rents, due from any Tenant under any Lease, including without limitation, percentage rents, escalation charges for real estate taxes, parking charges, marketing fund charges, reimbursement of operating expenses or common area expenses, maintenance escalation rents or charges, cost of living increases or other charges of a similar nature, if any, and any additional charges and expenses payable under any Lease.