B Rent definition
Examples of B Rent in a sentence
B Rent and service charges due (including void rent loss) This is the rent and service charges due on Broadway Living properties.
As of the last day of each Fiscal Quarter, for the twelve month period ending on such date, the Borrower shall not permit the ratio of (i) the difference of (A) EBITDAR for such period minus (B) Capital Expenditures for such period to (ii) the sum of (A) Interest Expense (net of interest income of the Borrower and its Subsidiaries, as determined in accordance with GAAP) for such period plus (B) Rent Expense for such period (the “Fixed Charge Coverage Ratio”) to be less than 2.0 to 1.0.
Lessee will have forty-five (45) days after receipt of Lessor's Year 5 B Rent Notice to accept either the proposed financing, or if Lessee is not satisfied with the financing terms Lessor proposes, then Lessee may, within such forty-five (45) day period, notify Lessor that it elects to cause Lessor (or such Affiliate specified by Lessor in the Year 5 B Rent Notice, as the case may be) to issue a non-recourse promissory note to one or more Institutional Investors which Lessee selects.
If Lessee fails within such forty-five (45) day period to approve such financing proposed by Lessor in the Year 5 B Rent Notice or to notify Lessor within such period that it is not satisfied with the terms of such proposed financing and that it elects to cause Lessor to accept the financing arranged by Lessee, then the financing proposed by Lessor in its Year 5 B Rent Notice will be binding and conclusive.
The Company shall not on any Quarterly Determination Date occurring during any period set out below permit the ratio of (a) EBITDAR to (b) the sum (without duplication) of (A) Consolidated Cash Interest Expense, plus (B) Rent Expense on Operating Leases, in each case as determined as of such Quarterly Determination Date for the four (4) calendar quarters ending on such date, to be less than 2.0 to 1.
Prior to the Funding Date, the ESG Spin-Off Transaction shall have been consummated pursuant to and in accordance with the ESG Spin-Off Transaction Agreements.
In such case, Lessor (or such Affiliate) will be required to accept such financing and to issue a promissory note to such Institutional Investor (or Institutional Investors) which Lessee has selected; provided, all of the terms of such financing are equivalent to or more favorable than the financing of which Lessor has informed Lessee in its Year 5 B Rent Notice.
Tenant shall pay to Landlord as Additional Rent for each lease year during the Term a portion of the Food Court Expense ("B Rent") in equal monthly installments due on or before the first (1st) day of each month of the Term as stated in the Data Sheet, subject to the annual increases beginning January 1, 20 as described therein.
B) Rent corresponding to car parking spaces: The LESSEE will pay the LESSOR the amount of ONE HUNDRED AND FOURTEEN THOUSAND EUROS (€ 114,000) per year, as Rent of the Car Parking Spaces, payable by advance monthly payments in the amount of NINE THOUSAND QUINENTOS EUROS (€ 9,500), at a rate of ninety (95.00) euros / place / month.
Subject to the terms of this Section 1.6, Tenant shall have the one-time right to terminate this Lease during the Term effective as of the last day of the calendar month during which occurs the day immediately preceding the eighth (8th) anniversary of the Space B Rent Commencement Date (such termination date being referred to herein as “Tenant’s Termination Date”).