Global Basic Rent definition

Global Basic Rent being defined (i) during the Primary Term (as such Primary Term may be extended pursuant to the provisions of Section 3.3(a)(iii) hereof) as the sum of Basic Rent (as defined below) and Company Payments (as defined below) (provided, however, that Tenant shall have no obligation to pay Company Payments until after the Occupancy Commencement Date and until after all amounts due to Tenant under the Agreement and Indemnification have been paid in full); and (ii) during the Option Periods, as set forth in Section 2.7 hereof (provided, however, that during said Option Periods all Global Basic Rent shall also constitute Company Payments hereunder);
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Global Basic Rent being defined (i) during the Primary Term as the sum of Basic Rent (as defined below) and Company Payments (as defined below) (provided, however, that Tenant shall have no obligation to pay Company Payments until after the Occupancy Commencement Date and until after all amounts due to Tenant under the Agreement and Indemnification have been paid in full); and (ii) during the Option Periods, as set forth in Section 2.7 hereof (provided, however, that during said Option Periods all Global Basic Rent shall also constitute Company Payments hereunder).
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Global Basic Rent means the sum of Global Basic Rent (as defined in the Original Lease) plus Addition Global Basic Rent (as defined below in Section 2.1.A(a)).
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Examples of Global Basic Rent in a sentence

  • Landlord and Tenant agree that, upon receiving notice from the Trustee that such an increase in rate has occurred, the Basic Rent component of the Global Basic Rent during the remaining portion of the Primary Term shall be increased accordingly.

  • In addition to the Global Basic Rent provided for in Section 2.1 hereof, from and after the Rental Commencement Date, the Tenant shall pay to Landlord or to third parties as provided herein (particularly in Sections 2.3 and 2.4) as additional rent ("Additional Rent") all impositions, taxes, payments or fees in lieu of taxes, insurance premiums, operating charges, costs and expenses which arise or may be contemplated under any provisions of this Lease during the Primary Term and any Option Periods.

  • It is the intention of the parties hereto that Tenant shall in no event be entitled to any abatement of or reduction in Global Basic Rent payable hereunder except as expressly provided herein.

  • If any such redemption occurs during the Primary Term, the Basic Rent component of the Global Basic Rent during the remaining portion of the Primary Term shall be reduced proportionately.

  • Tenant shall be entitled, under Section 2.6(c) hereof, to a proportionate reduction in the Basic Rent component of Global Basic Rent.

  • All Global Basic Rent shall be paid directly to Landlord, according to the Rent Schedule as set forth on the attached Exhibit “A”.

  • There shall be no further separate Addition Global Basic Rent or Addition Rent Schedule, and the only Global Basic Rent due under the Lease as of the Effective Date shall be as set forth on the attached Exhibit A.

  • The three (3) appraisers shall then reach a determination as to whether the parties shall employ, as the Fair Market Rental upon which the Global Basic Rent for the Option Period in dispute will be based, the rentals proposed by the Landlord or the rentals proposed by the Tenant.

Related to Global Basic Rent

  • 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 the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • 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).

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.