Basic Rent definition

Basic Rent means Basic Rent as defined in Paragraph 6.

Basic Rent means, the sum of (a) the Loan Basic Rent and (b) the Lessor Basic Rent, calculated as of the applicable date on which Basic Rent is due.

Basic Rent means the rent provided for under a written lease for the use or occupancy of premises, excluding separately stated amounts required to be paid under the lease for such items as real estate taxes, maintenance expenses or fuel adjustments.

Examples of Basic Rent in a sentence

• Notwithstanding anything to the contrary contained herein, should Lessee fail to pay any installment of Basic Rent or Additional Rent punctually on the due date thereof, Lessee shall pay to Lessor as additional rent, a late charge of Fifty Dollars ($50.00) from date due to date paid.

• Any subtenants, transferees or assignees shall automatically, upon acceptance of such subtenancy, transfer or assignment, become and thereafter be directly liable to Lessor for all obligations of Lessee under this Lease (including but not limited to Basic Rent) without relieving Lessee of liability to Lessor under this Lease.

• The Project Property has been leased under the Amended and Restated Lease Agreement and the Basic Rent is to be remitted by the Company directly to the Purchaser on or before each principal payment date and interest payment date, as applicable, subject to the rights of offset set forth in Section 5.05(b) of the Amended and Restated Lease Agreement.

• The Tenant agrees to pay Basic Rent and Additional Rent as herein provided.

• The Developer shall receive a credit against the Basic Rent payable by the Developer in an amount equal to the principal amount of the Bonds so tendered for cancellation plus accrued interest thereon.

More Definitions of Basic Rent

Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

Basic Rent means, for any Lease Term, the rent payable pursuant to Section 3.1 of the Lease, determined in accordance with the following: each installment of Basic Rent payable on any Payment Date shall be in an amount equal to the sum of (A) the aggregate amount of Lender Basic Rent payable on such Payment Date, plus (B) the aggregate amount of Lessor Basic Rent payable on such Payment Date, in each case for the Leased Property or Properties that are then subject to the Lease.

Basic Rent means the amounts set forth on Exhibit B annexed to this Lease.

Basic Rent means, for the Basic Term, the rent payable for the Aircraft pursuant to Section 3(c) of the Lease as adjusted as provided in Section 3(d) of the Lease but subject always to the provisions of Section 3(d)(v) of the Lease and, for any Renewal Term, Basic Rent determined pursuant to Section 19 of the Lease.

Basic Rent means the basic rent amounts specified in the Basic Terms.

Basic Rent means the rental described in Section 5.1 of this Lease.

Basic Rent for the Aircraft shall mean the Basic Rent specified in Exhibit C and payable throughout the Basic Term for the Aircraft pursuant to Section 4(a)(i).