Facility Rent definition

Facility Rent means amounts payable as Facility Rent as specified in Section 4.1 of the Lease.
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Facility Rent has the meaning set forth in Section 5.3.
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Facility Rent means the scheduled payments of Rent, as defined in the Lease, and all other applicable costs for the maintenance or operation of the Facility and other payments required of Owner under the Lease.
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Examples of Facility Rent in a sentence

  • Should the Contractor delete a brand during the term of the Contract, the Contractor must provide advance notice to the Authority, the deleted brand may not operate as an Authority off-airport rental car concessionaire for the remainder of the Contract, and the Contractor’s Facility Rent and/or MAG shall not be reduced.

  • An 8 percent (8%) rate of return shall be applied to the total estimated value of the land and the depreciated improvements to determine the Annual Facility Rent.

  • During the first Contract Year, the Contractor shall pay Facility Rent to the Authority at an annual rate of $2.59 per square foot of the Site.

  • In the event of any change in the Premises as provided in this section, Exhibit A shall be automatically amended to reflect the revised Premises as of the date the move is complete, which date shall be determined by the Contract Administrator, and the Facility Rent payable under this Agreement shall be immediately adjusted as of the date the move is complete based on the rates stated in this Agreement.

  • During the consolidation of the Sites, the Contractor shall be responsible for the maintenance and operation of any area or areas it occupies (as required by this Contract) and for remitting the Facility Rent for those areas (as provided in Section 5.01 (8)).

  • The Contractor shall pay an Annual Facility Rent to the Airports Authority.

  • This Annual Facility Rent is determined by using a Cost Approach appraisal.

  • In addition, the Contractor shall also pay to the Airports Authority a percentage of all other Gross Receipts, as defined in Section 5.01 A.3; Annual Facility Rent, as defined in Section 5.01 A.4.; [Annual Ground Rent, as defined in Section 5.01 A.5.;] Airport Fees, as defined in Section 5.01 A.6.; and Utilities Payments, as defined in Section 5.01 A.7. herein.

  • Total savings required over the 5 year period [to 2021/22] of the business plan amount to£99m with £29m being required in 2017/18.

  • The fee shall be calculated pursuant to the guidelines established by the Finance and Administration Cabinet in State Facility Rent and Utility Rates on the State Budget Director's Web site at https://osbd.ky.gov/Documents/KBUD%20Information/1820%20KBUD%20Information/Facilities_rates_18-20.pdf.


More Definitions of Facility Rent

Facility Rent means Rent, as defined in the Lease.
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Facility Rent means an amount equivalent to the sum of: (i) any and all Debt Service on the Bonds used to fund the Consolidated Facility and related improvements for the applicable payment period under this Agreement; (ii) an amount equal to Concessionaire's Proportionate Share of any and all Debt Service and related costs on the Bonds used to fund the Consolidated Facility, for the applicable payment period under this Agreement (the foregoing clauses (i) and (ii) of Facility Rent are sometimes separately referred to herein, collectively, as "Debt Service Facility Rent"); (iii) Concessionaire's Proportionate Share of Operating Expenses (which includes common use transportation expenses), and Impositions; and (v) any and all other costs and expenses for which Concessionaire is expressly responsible or liable under this Agreement.
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Related to Facility Rent

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Tenant’s Pro Rata Share are both subject to adjustment as provided in this Lease. Definition or Provision Means the Following (As of the Term Commencement Date} Approximate Rentable Area of Premises 11,173 square feet Approximate Rentable Area of Project 67,998 square feet Tenant’s Pro Rata Share of Project 16.43%

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.