Gross Annual Rent definition

Gross Annual Rent means the monthly rent, as of the applicable Closing Date, payable by the Eligible Tenant of the applicable Property pursuant to an Eligible Lease (net of any incentive rent) multiplied by twelve (12).
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Gross Annual Rent means (a) as to each TIP, the Initial Lease Rent and (b) as to any other Property, the monthly rent, as of the applicable Closing Date, payable by the Eligible Tenant of the applicable Property pursuant to an Eligible Lease (net of any incentive rent), in each case, multiplied by twelve (12).
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Gross Annual Rent. - means the rent payable by the Tenant pursuant to Article 4.01 of the Lease;
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Examples of Gross Annual Rent in a sentence

  • Average Original Cost of Real and Tangible Personal Property.Everywhere Cincinnati Gross Annual Rent Paid Multiplied by 8………………………… TOTAL STEP 1……………………..……………………………..

  • The only way I can reach connection with Hashem is when I believe that I can; with emunah.”As long as a person tries to connect to Hashem only on an intellectual level, his emunah isn’t complete.

  • Ultimately, the claim that music theory does not produce explanations is motivated by a limited consideration of cases that overlooks mechanistic explanations commonly found in biology and physical geology.

  • The Landlord reserves the right at any time to require the Tenant to forthwith apply to the Mortgage Insurance Company of Canada or similar company for a policy of lease guarantee insurance for the term of the Lease and any extensions thereof in an amount sufficient to insure the Gross Annual Rent for the time being in force and any escalation of Gross Annual Rent which may be set out in the Lease, the cost of such insurance to be borne by the Tenant.

  • Lastly, 1(2.27%) of the respondents didn’t know if they have a good relationship with their supervisor/manager.5.1.5.2 – Gave good advice & instructions Fig.

  • What is the Potential Gross Income?20 (Units)X $750.00 (Gross Monthly Rent)= $15,000 (Gross Monthly Rent from the building housing 20 units) X 12 (Months)$180,000 (Gross Annual Rent)+ 3,360 Other Income)= $183,360 (Potential Gross Income) 4.

  • As regards the issue of slavery, the delegation informed that Article 185 of the Kuwaiti Penal Code prohibited the buying and selling of human persons for slavery purposes and that it also regulated the issues of entry and exit of aliens.

  • The Rent payable by the Tenant pursuant to the terms hereof, shall be calculated pro rata on a per diem basis from the date on which the Tenant actually commences or is obliged pursuant to Article 3.02 to commence business in the Premises until the Commencement Date, and shall be payable by the Tenant on demand therefore or on the date on which the first payment of Gross Annual Rent becomes payable by the Tenant, whichever is earlier.

  • The Gross Annual Rent shall be paid in 12 equal consecutive monthly installments commencing on the Commencement Date and payable thereafter during the term of the Lease on the first day of each and every month.

  • Number of Square Feet ofExpiring LeasesPercent of 2008 Gross Annual Rent ofPercent ofThe following table sets forth the occupancy rate and the average annual rent per square foot for the Mall stores for each of the past five years.As of December 31,Occupancy RateAverage Annual Base Rent Per Square Foot The Center is encumbered by a first mortgage loan with a balance of $199,537,000 at December 31, 2008.

Related to Gross Annual Rent

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

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

  • 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 Fixed Rent See Exhibit A, and Section 3.1.

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

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • 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).

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

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • 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%.

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

  • 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.

  • Rent Expense means, as to any Person for any period, the aggregate rent and lease expenses recorded by such Person and its Subsidiaries on a consolidated basis in conformity with GAAP pursuant to any Operating Lease.

  • 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.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • 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 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.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.