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 ▇▇▇▇▇▇’▇ 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
Notwithstanding the foregoing, the parties hereto agree that so long as Base Rents and Additional Rents (as defined in the Lease) are being paid and applied as provided in the Lease, this Loan Agreement and the Indenture, the Foundation shall be deemed to be in compliance with the requirements of this Section 8.10.
More Definitions of Additional Rents
Additional Rents shall have the meaning set forth in Section 8.5(a).
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 Tenants for Operating Expenses and any other Tenant charges other than Rents. Such Additional Rents for the applicable Current Month which have been received as of the Closing Date shall be prorated on a per diem basis based upon the number of days in such Current Month prior to, but not including, the applicable Closing Date (which shall be allocated to Seller) and the number of days in such Current Month from and after the applicable Closing Date (which shall be allocated to Purchaser). Additional Rents for calendar year 2007 are paid on an estimated basis in monthly installments. At least five (5) business days prior to the Closing Date, Seller shall cause to be prepared and delivered to Purchaser a reconciliation (“Additional Rents Reconciliation”) of (i) actual operating and similar expense of the applicable Tract(s) upon which Additional Rents are based (“Additional Rent Expenses”) for the period commencing on January 1, 2007 and ending on the last day of the applicable Current Month (“Additional Rents Reconciliation Period”), it being understood that certain Additional Rent Expenses for such Additional Rents Reconciliation Period, if not based on actual amounts (such as certain operating expenses for such Current Month), may be reasonably estimated by Seller; and (ii) Additional Rents collected by Seller for that portion of the applicable Additional Rents Reconciliation Period prior to such Current Month and Additional Rents payable for such Current Month. Any amount shown to be owed by Seller to Tenants under the applicable Additional Rents Reconciliation shall be credited to Purchaser at the applicable Closing, and any amounts shown to be owed to Seller by Tenants of the applicable Tract(s) under the applicable Additional Rents Reconciliation shall be delivered to Seller by Purchaser if, as and when collected from the applicable Tenant after the Closing; provided, however, that Purchaser shall use commercially reasonable efforts (which efforts shall not require Purchase to declare a Lease default, incur any cost or liability or otherwise institute any collection proceedings) to collect such amounts from the applicable Tenants if such amounts are collectable pursuant to such Tenant’s lease.
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 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.