Deferred rent definition
Deferred rent means rent the payment of which has been deferred, according to the ordinary course of dealing between the landlord and the tenant, to the end of a quarter or half-year after it legally became due.
Deferred rent means the excess (deficit) of accrued rent calculated in accordance with Statement of Financial Accounting Standards No. 13 and GAAP as compared to amounts paid under operating lease arrangements, as set forth in the Company's cash flow statements.
Deferred rent shall have the meaning ascribed thereto in Section 5.4(c) hereof.
Examples of Deferred rent in a sentence
Any and all Deferred Rent shall be immediately due and payable on the Deferred Rent Repayment Date and the late payment thereof shall be subject to late charges and interest as set forth under Section 3.2 and shall constitute an Event of Default hereunder.
More Definitions of Deferred rent
Deferred rent means those certain deferred rents owed by Tenants under the Leases as of the Original Effective Date listed on Schedule 5.1 attached hereto, which Sellers shall have the right to update at any time and from time to time prior to the Closing Date, and which rent (a) Seller and the applicable Tenant agreed prior to Closing to defer the timing of payment for such Rent to a period after Closing; and (b) was originally to be paid during the period prior to the Closing Date.
Deferred rent means, at any time of determination, that portion of rental expense payable by the Borrower that is deferred and normally recorded as a liability on the balance sheet of the Borrower.
Deferred rent means any amounts specified herein to be paid on account of Deferred Rent, including as provided in Sections 6.1(3)(c), (g) and (i) and Section 6.1(11).
Deferred rent has the meaning set forth in Section 5 of the Fourth Amendment.
Deferred rent means rent the payment of which has been deferred, according
Deferred rent means the excess of (1) the Base Rent specified in Paragraph 1.5 above; over (2) the greater, from time to time, of (i) $27,000 per month (ii) all sublease rents payable under all subleases of any or all of the Premises.
Deferred rent shall have the meaning specified in Clause 4.2.