Building rent definition

Building rent. , means the compensation to be paid by the allottee on annual/ month basis for the use of built up premises as per the agreed terms and conditions.

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Building rent. In addition to the Base Land Rent above, Tenant shall pay to Landlord Building Rent during the Initial Term and all Renewal Terms in an amount equal to $96,000.00 per annum (based on 12% of the $800,000.00 being paid by Landlord for the construction of Tenant's Building)./1/

Building rent means the rent payable hereunder with respect to the Land and Building Shell in the amounts determined and payable as follows:

Examples of Building rent in a sentence

• Tenant shall pay its prorata share of the cost of all insurance coverage carried by Landlord with respect to the Building and land, including without limitation insurance against liability, casualty, loss of damage to the Building, rent loss, flood insurance, and worker's compensation.

• Depreciation, other non-cash expense or amortization; principal, interest, points, fees, commissions or other finance charges on indebtedness, costs of refinancing such indebtedness or any amortization or other costs associated with such indebtedness; interest payments on any encumbrances on the Project; payments under a ground lease or underlying lease relating to the Building; rent loss, bad debt loss or reserves of any kind.

• Rent commencement and annual adjustments shall be the same as for the Base Building rent.

• Metrovest is not a "foreign person" within the meaning of Section 1445(f)(3) of the Internal Revenue Code.

• Tenant shall pay its prorata share of the cost of all insurance coverage carried by Landlord with respect to the Building and land, including without limit insurance against liability, casualty, loss of damage to the Building, rent loss, flood insurance, and worker's compensation.

• Cost Adjustment Fixed Percentage - % Fixed Amount - $ Not Applicable CPI or other Index Actual Cost Other: MAG is the lesser of CPI or 3%; Building rent is the greater of CPI or 3% 13.

• First Floor: $18.50 per square foot 2nd, 8th & 9th Floors: $15.00 per square foot Notwithstanding anything herein to the contrary, in the event that the 8th and 9th floors are delivered to the Tenant as provided in this Lease, but the Landlord has not completed the repair and rehabilitation of one of the elevators in the Building, rent for the 8th and 9th floors shall be $14.25 per square foot until such time as one of the elevators in the Building has been completed.

• Building rent $131,400 each Lease Year $ 11,200 monthly installment B.

• Unless this Lease is terminated pursuant to the foregoing provisions, this Lease shall remain in full force and effect; provided, however, that during any period of repairs or restoration to the Building, rent and all other amounts to be paid by Tenant on account of the Premises and this Lease shall be abated in proportion to the area of the Premises rendered not reasonably suitable for the conduct of Tenant's business thereon.

More Definitions of Building rent

Building rent means an amount agreed to by the Company or the Former Member Representative, as applicable, and Parent, equal to the sum of (i) the fair market rental value (to be calculated taking into account the fact that the Company Owned Real Properties are in the process of being sold) of the space occupied by the employees of Parent and (ii) actual rent received from any other Person (if any), in each case for the period commencing after the date which is one (1) month following the Closing Date.