AnnualAdditional Rent Adjustment definition

AnnualAdditional Rent Adjustment. ’ means the Lessor’s adjustment, acting reasonably (but subject to clause 7.1.1), of each the constituents to the Additional Rent by reference to the current Manufacturer’s catalogue prices, the Manufacturer’s recommendations, industry experience, any change of the operational environment of the Aircraft and any changes in industry costs compared to such prevailing on the Delivery Date or on the last Annual Additional Rent Adjustment in accordance with clause 7.1 (as the case may be);
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AnnualAdditional Rent Adjustment means the Lessor’s adjustment, acting reasonably (but subject to clause 7.1.1), of each the constituents to the Additional Rent by reference to the current Manufacturer’s catalogue prices, the Manufacturer’s recommendations, industry experience, any change of the operational environment of the Aircraft and any changes in industry costs compared to such prevailing on the Delivery Date or on the last Annual Additional Rent Adjustment in accordance with clause 7.1 (as the case may be); ‘‘APU’’ means the auxiliary power unit installed on the Airframe on the Delivery Date, or any auxiliary power unit installed on the Airframe as a replacement of the original auxiliary power unit (such replacement to be in accordance with the terms hereof); ‘‘APU Hour’’ means each hour or part thereof elapsed from ignition of the APU to shut-down of the APU; ‘‘APU Reserve’’ means USD *** per APU Hour to cover APU overhaul in accordance with the Manufacturer’s maintenance manual;
Sample 1

Related to AnnualAdditional 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.

  • 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.

  • 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

  • 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.

  • 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).

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

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

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

  • 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.

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

  • 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).

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

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

  • 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.

  • 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.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

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

  • 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.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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

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