Fixed Rent definition

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

Fixed Rent means the Fixed Rent in effect immediately prior to the date upon which this Lease and the Demised Term shall have expired and come to an end, or the date of re-entry upon the Demised Premises by Owner, as the case may be, adjusted to reflect any increases pursuant to the provisions of Article 23 for the Escalation Year and Tax Escalation Year immediately preceding such event.

Fixed Rent has the meaning set forth in Section 3.1.

Examples of Fixed Rent in a sentence

• Provided Tenant is not in default under the terms, covenants and conditions of the Lease beyond any applicable notice and cure periods, Tenant shall have the right to use and occupy the Premises free of Fixed Rent for the following months of the Term: Months 1-2 and 15-16 for a total Fixed Rent credit of $136,100.25 (the “Fixed Rent Credit”), provided, however, Tenant shall pay to Landlord all sums due hereunder as Additional Rent, including but not limited to, sums due under Articles 12 and 39 hereof.

• In the event Tenant is in default under the terms, covenants and conditions of this Lease beyond any applicable notice and cure periods prior to the Rent Commencement Date, Tenant shall no longer be entitled to the Fixed Rent Credit set forth in this Article 41 and Tenant shall pay to Landlord the Fixed Rent Credit.

• Except for the Fixed Rent Credit as herein provided, Tenant shall use and occupy the Premises pursuant to all of the other terms, covenants and conditions of this Lease.

• Landlord shall not have the right to terminate this Lease if Tenant within such period of thirty (30) days shall, in writing, lawfully agree that the Fixed Rent and Additional Rent herein reserved is a reasonable Fixed Rent and Additional Rent, and agrees to continue to pay such Fixed Rent and Additional Rent and if such agreement by Tenant shall then be legally enforceable by Landlord.

• Tenant acknowledges that the Building, and Land in which the Premises is located, is secured by a Mortgage, and to enable Landlord to make the payments called for by said Mortgage, Landlord is relying upon receiving the cash flow to be generated by Tenant satisfying Tenant’s monetary obligations to Landlord under this Lease (including, without limitation, the obligation to pay Fixed Rent).

More Definitions of Fixed Rent

Fixed Rent means the Base Rent (as defined in the Operating Lease) payable under the Operating Lease.

Fixed Rent means any rent to the extent its amount and the time at which it is required to be paid are fixed and determinable under the terms of the rental agreement as of the lease date. The following rules apply for the purpose of determining the extent to which rent is fixed rent:

Fixed Rent as defined in Article 2.

Fixed Rent means rent at the annual rental rate or rates provided for in Schedule B annexed hereto and made a part hereof.

Fixed Rent as follows:

Fixed Rent means fixed rent in the amounts set forth below: TIME PERIOD FIXED RENT PER R.S.F. ANNUALIZED FIXED RENT MONTHLY INSTALLMENT Commencement Date – end of Abatement Period $0.00 $0.00 $0.00 Fixed Rent Start Date – end of Rent Period 1 $23.00 $71,576.00 $5,964.67 Rent Period 2 $23.50 $73,132.00 $6,094.33 Rent Period 3 $24.00 $74,688.00 $6,224.00 Rent Period 4 $24.50 $76,244.00 $6,353.67 Rent Period 5 $25.00 $77,800.00 $6,483.33 Rent Period 6 – Expiration Date $25.50 $79,356.00 $6,613.00

Fixed Rent is defined and shall have the meaning specified in the Basic Lease Information.