Existing Rent definition
Examples of Existing Rent in a sentence
Existing Rent: the yearly rent of £[AMOUNT] reserved by the Lease.
The New Rent shall be payable from the date of this deed by the same instalments and on the same dates as the Existing Rent.
The Lease shall reserve the New Rent in the place of, and not in addition to, the Existing Rent.
Section 34.1(b) Existing Rent......................................
Tenant's election of the "Existing Rent -------------------- Option" means that Tenant has elected to add the entire space that was subject to Landlord's Notice of Bona Fide Offer in manner provided for the "Existing Rent Option" in Article XXI.
The Existing Rent shall be the average annual “Rent Payments” calculated per rentable square foot on a net effective (spreading the Tenant Improvement Allowance throughout the initial Lease Term) basis for the initial Premises.
There is a Tenancy Agreement / Tenancy Arrangement in place between the parties and the rent payable is $INSERT per week / fortnight / month (Existing Rent).
Lessor's sole and exclusive remedies shall be (i) to collect from Lessee an amount equal to: (a) one hundred twenty-five percent (125%) of the total monthly amount of Rent payable hereunder immediately prior to such termination (the "Existing Rent") for the first thirty (30) days during which Lessee holds over, and (b) one hundred fifty percent (150%) of the Existing Rent thereafter and (ii) to commence appropriate legal eviction proceedings against Lessee for purposes of evicting Lessee from the Property.
Provided an Event of Default has not occurred, Landlord agrees to credit Rent due by the amount Tenant pays for Existing Rent (as defined hereafter) incurred from and after the Commencement Date for the Existing Premises until the Expiration Date (as defined hereafter) or earlier termination of the Existing Lease, all as more particularly set forth herein: Representations and Warranties.
Tenant may only exercise Tenant's Refusal Right to Leasing by giving Landlord Notice of exercise within 10 business days after Landlord's Notice of Bona Fide Offer to Tenant, which Notice of exercise must unequivocally and unconditionally state: that Tenant is exercising the Refusal Right to Leasing: and whether Tenant is electing the "Bona Fide Offer Option" or the "Existing Rent Option" (defined below).