Adjusted Rent definition

Adjusted Rent has the meaning ascribed to such term in Section 2.1(d)(ii)(a). “Affiliates” shall have the meaning set forth in Section 5031 of the California Corporations Code, as amended.

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Adjusted Rent means the Base Rent as adjusted from time to time pursuant to Section (d) of this Article 3. Tenant shall pay Landlord the Adjusted Rent in equal monthly installments, which installments shall be payable in advance on the first day of each calendar month during the term of this lease at the office of Landlord or at such other place as Landlord may from to time designate in writing. All rent shall be paid without deduction of setoff. Any installment of rent payable for a portion, less than all, of a calendar month shall be prorated on the basis of a 30-day month and shall be payable on the first day of such portion.

Adjusted Rent means the annualization of all amounts collected from tenants of the Property for the most recent three (3) months as reflected in the most recent month's rent roll and adjusted for Effective Rent, excluding (i) nonrecurring income and non-property related income (as determined by Lender in its sole discretion) and (ii) income from (A) tenants that are more than sixty (60) or more days past due; or (B) tenants that have been thirty (30) or more days delinquent four (4) or more times during the immediately prior twelve (12) month period.

Examples of Adjusted Rent in a sentence

If Landlord notifies Tenant of a change in the Base Rent after an Adjustment Date, Tenant shall pay the difference between the Base Rent actually paid prior to such notice and the Base Rent actually due on or after such Adjustment Date, together with Tenant’s next payment of Adjusted Rent.
Any Outstanding Loan Amount or accrued and unpaid interest that is offset by the Adjusted Rent shall be considered repaid by the Borrower pursuant to the terms hereof.
Landlord shall in no way be responsible or liable for any failure to collect any rent due and/or accrued from such reletting, to the end and intent that Landlord may elect to hold Tenant liable for the Base Rent, Adjusted Rent, and Additional Rent, and any and all other items of cost and expense which Tenant shall have been obligated to pay throughout the remainder of the Term.
Tenant shall pay the first installment of Adjusted Rent to Landlord contemporaneously with the execution of this Lease.
The Adjusted Rent shall be confirmed in a written Notice sent from County to Lessee.
Crops Base Rent X Current Yield /Base Yield = Rent Per Acre X Acres Grown = Adjusted Rent $ $ $ $ Total For All Crops The base yield for (crop) shall be (amount and units) per acre.
The Adjusted Rent shall be due and payable without demand beginning on the Commencement Date and continuing thereafter on or before the first day of each succeeding month during the Lease Term.
If the Commencement Date is not the first day of a month, the Adjusted Rent payable on the first day of the second month of the term shall be prorated so that Tenant shall pay a proportionate share of Adjusted Rent based on the days in the prior month which fell on or after the Commencement Date.
Upon receipt of such calculation and notice, Tenant shall commence to pay the Adjusted Rent per month, and shall also pay such additional amount as may be necessary to increase the base Monthly Rent payments already made during said period to the amount of the Adjusted Rent, so that said increase shall be effective retroactively from the Adjustment Date.
If Landlord terminates this Lease, Landlord may recover from Tenant all damages Landlord incurs by reason of Tenant's default, including damages equal to the present value of the difference between the Base Rent and Adjusted Rent due for the remainder of the term and the market value rent rate for the remainder of the term, and all Landlord's costs and expenses (including reasonable attorneys' fees).

More Definitions of Adjusted Rent

Adjusted Rent shall have the meaning set forth in Section 5(k). "Arbitration" shall have the meaning set forth in Section 5(k). "Borrower" shall have the meaning set forth in the introduction. "Code" shall have the meaning set forth in Section 1(b).

Adjusted Rent means a per annum amount, calculated on June 1, 1996 and June 1 of every fifth year thereafter, equal to the sum of $368,000, plus (or minus, in the event of decrease) (x), plus (or minus, in the event of decrease) (y), where (x) equals 13,000 (the approximate number of office square feet in the Leased Premises) multiplied by the amount by which the then-existing NAIOP Office Rate has increased or decreased in comparison with the 1991 NAIOP Office Rate, and (y) equals 62,000 (the approximate number of warehouse square feet in the Leased Premises) multiplied by the amount by which the then- existing NAIOP Warehouse Rate has increased or decreased in comparison with the 1991 NAIOP Warehouse Rate. For the purposes of this Section 4.2, the term "NAIOP Office Rate" shall mean the stated "average" office space rental rate (measured in annual dollars and cents per square foot) for "office warehouse" properties in the "Southwest Suburban" submarket (or other appropriate description of the submarket in which the Leased Premises are located), as published by the Minnesota Chapter of the National Association of Industrial Office Parks in the June update to their annual Industrial Space Update, and the term "NAIOP Warehouse Rate" shall mean the stated "average" warehouse space rental rate (measured in annual dollars and cents per square foot) for "office warehouse" properties in the "Southwest Suburban" submarket (or other appropriate description of the submarket in which the Leased Premises are located), as published by the Minnesota Chapter of the National Association of Industrial Office Parks in the June update to their annual Industrial Space Update. In the event that the National Association of Industrial Office Parks ceases to publish the data necessary to calculate the "NAIOP Warehouse Rate" and/or "NAIOP Office Rate", Landlord and Tenant shall reasonably agree on an alternative method for calculating these amounts. The applicable NAIOP Office Rate for 1991 and 1996, respectively, was $6.88 psf and $6.87 psf, and the applicable NAIOP Warehouse Rate for 1991 and 1996, respectively, was $3.48 psf and $3.56 psf The Adjusted Rent effective as of October 1, 1996, is $372,829.92. Notwithstanding anything contained herein to the contrary, in no event shall the annual rent payable by Tenant hereunder be less than the highest of any previously established annual rent, whether "Initial Rent", "Adjusted Rent" (during either initial or extended term), or, during the exten...

Adjusted Rent for any period, the actual Rents for such period adjusted to reflect (a) the occupancy of any Property during such period at the lesser of actual occupancy and 80% occupancy and (b) such other adjustments to Rents (which may include, if necessary, the adjustment of departmental profit to industry standards) as required by the Lender in its reasonable discretion. ADJUSTED OPERATING EXPENSES: for any period, the Operating Expenses for all Properties for such period adjusted to reflect (a) minimum base management fees of (i) 4.0% of Rents for each Property that is a "full-service hotel" and (ii) 4.5% of Rents for such period for each Property that is a "limited-service hotel", (b) royalty, reservation, marketing and other franchise fees for such period at the greater of actual or 6.0% of room revenues for such period, (c) deposits into the Capital Expense and FF&E Reserve Subaccount for such period, and (d) such other adjustments to Operating Expenses (which may include, if necessary, the adjustment of department profit to industry standards) as required by the Lender in its reasonable discretion. AFFILIATE: as to any Person, any other Person that, directly or indirectly, is in Control of, is Controlled by or is under common Control with such Person or is a director or officer of such Person or of an Affiliate of such Person.

Adjusted Rent. During the first year of the five (5) year renewal term, the monthly rental amount shall be the amount of the monthly rental for the last lease year of the primary lease term increased by the CPI in the manner described in Paragraph 4(a) above. Monthly rental amounts for each succeeding year of the renewal term shall be increased by the CPI in keeping with the method set forth in Paragraph 4(a) above. All such rental payments during the renewal term shall be made, without any deduction or offset whatsoever, on or before the first day of each month, together with any and all sales or use taxes due thereon.

Adjusted Rent is the base rent payable for the extended Term, not including in such amount any rents which are not actually intended to be paid by Tenant, such as free rent or abated rent, additional rents, percentage rents, reimbursements, amortized tenant improvements in excess of the applicable building standard, or other amortized concessions given to the tenant.

Adjusted Rent is the base rent payable for the lease, renewal or additional space as applicable, plus Tenant’s pro rala share of estimated recoverable stabilized building operating expenses (calculated based on the estimated expenses for the lst lease year following commencement of the term). For purposes of the initial lease, the operating expenses are estimated to be $10.30 per RSF. Additional rent specifically does not include (i) any rents which are not actually intended to be paid by the tenant, such as free rent or abated rent, ii) percentage rents, iii) amortized tenant improvements in excess of the Tenant Improvement Allowance given by the Landlord, or iv) other amortized concessions given to the tenant.