Agreed Rent definition

Agreed Rent means, in respect of a Property, the weekly rent (based on Market Rent) as set out in Schedule 4 (as amended from time to time in accordance with this Agreement); Agreement means this Services Agreement, including its Schedules, as it may be amended in writing from time to time; Business Day means a day that is not a Saturday, Sunday or public holiday in New Zealand or any anniversary day in the region in which the relevant Services are being provided; Commencement Date means the Commencement Date of this Agreement, as set out in the Key Terms;
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Agreed Rent means, in respect of a Property:
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Agreed Rent means the amount of weekly rent for a Property as set out in Schedule 3 (Agreed Pool of Properties), Indexed on a twelve monthly basis, with Indexation first occurring on the date that is twelve months after the Agreed Rent Base Date, provided that the Agreed Rent for a Property shall never be less than the Agreed Rent for a Property that applies as at Financial Close; Agreed Rent Base Date means 30 June 2016; Agreed Rent Indexation Date means 31 March 2016; Agreement is described in clause 3.1 (Scope of Agreement); Agreement Start Date means the date on which all the Tier 1 Conditions Precedent are satisfied or waived, as set out in a notice given by MSD under clause 9.5 (Conditions Precedent);
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Examples of Agreed Rent in a sentence

  • The Provider is entitled to retain any amount by which the rent received in the private market for the Short Term Private Rental exceeds the Agreed Rent for the Property (in each case, in respect of the relevant Payment Period).

  • The Daily IRRS is an amount equal to the Agreed Rent minus the IRR for each Tenant who has been let a Property in accordance with this Agreement, with the Agreed Rent and the IRR being pro-rated on a daily basis for each day falling within the Payment Period.

  • If the Parties agree to: (i) amend the Agreed Rent during the Term of this Agreement pursuant to a Market Rent Review or otherwise, or (ii) add any new or substituted Properties pursuant to clause 5 of Schedule 1, they will enter into a variation agreement in the form attached at Schedule 8 to delete and replace Schedule 4.

  • Where the IRR equals or exceeds the amount of the Agreed Rent for that Property, the Daily IRRS will be zero.

  • The Agreed Rent is set out in Schedule 4 as at the Commencement Date.

  • Agreed Rent The Total IRRS Payment is based, among other things, on the Agreed Rent for each Property.

  • Market Rent Review The Market Rent component of the Agreed Rent for each Property will be subject to a Market Rent review in accordance with clause 4 of Schedule 1 as soon as practicable following the fifth anniversary of the Commencement Date (or, if a Property becomes subject to this Agreement after the Commencement Date, the fifth anniversary of the date it became subject to this Agreement), and in each case, every subsequent five year anniversary thereafter.

  • The ProMedica Plan Contribution will be in an amount sufficient to pay the Allowed Credit Facility Claims in full, the Agreed Rent Deferral Obligation owed to the Holders of the QCP Claims, and $50 million to current equity holders of the Debtor.

  • The Agreed Rent in Part A of these Key Terms should also refer to the Operating Supplement if it applies.

  • The Daily IRRS is an amount equal to the Agreed Rent minus the IRR for each Tenant who has been let a Property in accordance with this Agreement and minus the Operating Supplement (if any) in respect of a Property, with the Agreed Rent, the IRR and the Operating Supplement (if any) being pro-rated on a daily basis for each day falling within the Payment Period.


More Definitions of Agreed Rent

Agreed Rent means the amount payable by the Merchant for the rental of P.O.S. Equipment which amount shall be payable monthly unless otherwise agreed. Rent may be varied by the Bank from time to time in its absolute discretion.
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Agreed Rent means the monthly per Unit amount by Unit size as set out in Schedule C, and is exclusive of any amounts for personal care and any personal services agreed to independently between the Landlord and Tenant.
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Related to Agreed Rent

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

  • 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.

  • 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.

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

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

  • 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.

  • 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.

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

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • 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

  • 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.

  • 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).

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • 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.

  • 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.

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

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

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

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

  • 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.

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • 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).

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

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