Current Rent definition

Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.
Current Rent contained in Section 2.1 of the Lease, Lessor and Tenant agree that the Base Rent and Current Rent for the Leased Properties remaining under the Lease after the termination referenced in the Partial Lease Termination shall, for the period from July 1, 2003 through April 30, 2004, be equal to Forty-Nine Million Three Hundred Ninety-Seven Thousand Three Hundred Thirty-Eight and 1/100 Dollars ($49,397,338.01) per annum, and, for Rent Calculation Years thereafter, Base Rent and Current Rent shall be determined as set forth in subsection (d) of the definition of "Base Rent" or subsection (b) of the definition of "Current Rent", as applicable, contained in such Section 2.1, in each case subject to the provisions of such definitions relative to the Reset Option and to the provisions of Article XIX relative to the amount of the Base Rent and Current Rent during Extended Terms; and
Current Rent contained in Section 2.1 of the Lease is hereby amended by deleting therefrom the words "two percent (2%) of the Prior Period Base Rent; provided, however, that, from and after the Unpaid Accrued Rent Due Date, for the remainder of the Rent Calculation Year during which such Unpaid Accrued Rent Due Date occurs and for each Rent Calculation Year thereafter, subject to satisfaction of the aforesaid 75% of Adjusted Base Patient Revenues test, the amount referenced in this subsection (b) (ii) shall equal three and one-half percent (3.5%), rather than two percent (2%), of the Prior Period Base Rent (i.e. from and after the Unpaid Accrued Rent Due Date, Current Rent shall equal Base Rent)" and substituting in their place the words "three and one-half percent (3.5%) of the Prior Period Base Rent."

Examples of Current Rent in a sentence

  • Current Rent shall be apportioned as of the date of such termination.

  • Current Rent shall be apportioned as of the date of the termination.

  • In the first Extended Term, Base Rent, Current Rent and Accrued Rent shall be calculated using the method applicable during the last year of the Fixed Term.

  • During any such six (6) month period all the provisions of this Lease shall remain in full force and effect and Base Rent, Current Rent and Unpaid Accrued Rent shall not be abated or reduced during such period of taking.

  • Current Rent will be apportioned as of the date of the termination.


More Definitions of Current Rent

Current Rent means the rental payment for the current month that is due and owing but not yet in arrears.
Current Rent set forth in Section 2.1 hereof, without any application of Section 19.2. If Lessor has timely delivered such notice to Tenant, and thereafter Fair Market Rental of the applicable Renewal Group is determined under Article XXXV hereof, the ------------ determination of whether such appraised Fair Market Rental is higher than Base Rent applicable to the applicable Renewal Group shall be made by Lessor, in its sole and exclusive discretion, which determination shall be binding on Lessor and Tenant and not subject to further review.
Current Rent means the Fair Market Rental applicable to such period, as determined pursuant to Section 3.2 of the Lease and including any escalations that are part of the Fair Market Rental as so determined, and (2) exercise of the Reset Option shall not limit the applicability of Sections 19.2 and 19.3 of the Lease.
Current Rent. (a) For the period from the Effective Date through April ------------ 30, 2004, rent at an annual rate equal to the Base Rent applicable to such period, and (b) for a particular Rent Calculation Year thereafter, an annual rental amount equal to the sum of (i) the Prior Period Current Rent, plus (ii) if the Patient Revenues for the calendar year preceding the commencement of such Rent Calculation Year equaled or exceeded seventy-five percent (75%) of the Adjusted Base Patient Revenues, two percent (2%) of the Prior Period Base Rent; provided, however, that, from and after the Unpaid Accrued Rent Due Date, for -------- ------- the remainder of the Rent Calculation Year during which such Unpaid Accrued Rent Due Date occurs and for each Rent Calculation Year thereafter, subject to satisfaction of the aforesaid 75% of Adjusted Base Patient Revenues test, the amount referenced in this subsection (b) (ii) shall equal three
Current Rent means the Principal Rent payable under this Lease immediately before the Relevant Review Date PROVIDED THAT in the case of the first Rent Review the Current Rent shall be deemed to be ONE HUNDRED AND THIRTY ONE THOUSAND ONE HUNDRED AND EIGHTY SIX POUNDS (£131,186) per annum and PROVIDED FURTHER THAT in the lease of the Rent Review due on 12 June 2011 the Current Rent shall be deemed to be ONE HUNDRED AND THIRTY ONE THOUSAND ONE HUNDRED AND EIGHTY SIX POUNDS (£131,186) per annum;