Gross Rentals definition

Gross Rentals means, the money payable to You by tenants in respect of rental of the unit or common area at the Situation;

Gross Rentals as used in this Exhibit "1" shall mean and refer to the total of any annual base rent or fixed rent payable by a Manager Contact under any lease for the initial lease term or renewal lease term, as the case may be. A commission will be considered earned if, at any time during the 90-day period following the date of this First Amendment (the "Initial Period"), Owner (but not any successor in interest to Owner) enters into a lease for vacant space in the Project with a Manager Contact as set forth below. In addition, a commission will be considered earned if at any time during the period commencing ninety-one (91) days and ending one hundred eighty (180) days following the date of this First Amendment, Owner (but not any successor in interest to Owner) enters into a lease for vacant space in the Project with a Manager Contact, provided that (a) the principal terms of such lease have been previously agreed to in writing by the Owner and Manager Contact prior to the end of the Initial Period, and (b) the terms of the lease entered into substantially conform to the terms agreed upon during the Initial Period. Commissions shall be paid one-half upon execution of a new lease agreement, and one-half upon occupancy by the Manager Contact. Commissions for expansions of space and/or renewal terms shall be paid in full upon execution of the appropriate documentation.

Gross Rentals. As defined in Section 3.4.

Examples of Gross Rentals in a sentence

• If during the Indemnity Period the Business shall be rendered elsewhere than at the Situation, the Gross Rentals derived from such other premises shall be brought into account in arriving at the Gross Rentals during the Indemnity Period.

• Estimated Gross Rentals The amount declared by the Insured to the Company as representing not less than the Gross Rentals which it is anticipated will be earned by the Business during the financial year most nearly concurrent with the Period of Insurance (or a proportionately increased multiple thereof where the Indemnity Period exceeds 12 months).

• The Insured shall provide the Company not later than six months after the expiry of each Period of Insurance a declaration confirmed by the Insured’s auditors of the Gross Profit or Gross Revenue or Gross Rentals, whichever is applicable, earned during the financial year most nearly concurrent with such Period of Insurance.

• If any Damage shall have occurred giving rise to a claim for loss of Gross Profit or Gross Revenue or Gross Rentals, the above-mentioned declaration shall be increased by the Company for the purpose of premium adjustment, by the amount by which the Gross Profit, Gross Revenue or Gross Rentals, was reduced during the financial year solely in consequence of the Damage.

• Additional increase in cost of working The insurance provided under Item No 2 is limited to such further increase in cost of working, beyond that recoverable under clause (b) of Item No 1 above, necessarily and reasonably incurred during the Indemnity Period solely as a consequence of the Breakdown for the purpose of avoiding or diminishing a reduction in Gross Rentals and/or resuming and/or maintaining Normal Business operations and/or services.

More Definitions of Gross Rentals

Gross Rentals. Means the Money paid or payable to The Insured in respect of;

Gross Rentals. The money paid or payable to the Insured by tenants in respect of rental of the “premises”.

Gross Rentals as used in this Lease shall include all rentals and other sums or consideration received by Tenant from subtenants or other persons for or in respect of any use or occupation of the Leased Property or any part thereof during the Term of this Lease (whether pursuant to lease, concession, license, franchise or otherwise), including without limitation apartment rental, clubhouse rental, fees for cable or telecom services, income generated through leases for laundry services and equipment, non-refundable application fees, and non-refundable security deposits or security deposits forfeited as rent from subtenants, as well as proceeds of rent or business interruption insurance paid for the relevant period of calculation in respect of such subtenant rents, but excluding any interest or dividends earned on Tenant's investment of surplus cash. So long as Landlord shall desire to qualify for taxation as a real estate investment trust, the term "Gross Rentals" shall be deemed to not include any amounts referred to above which, if included in the definition of "Gross Rentals," would result in any part of the fixed rental and/or additional rental payable to Landlord hereunder being held not to constitute "rents from real property" as that term is defined in Section 856(d) of the Internal Revenue Code of 1954 and the regulations issued thereunder, as the same may be amended from time to time.

Gross Rentals means, the gross rental incomes of any Operational Project calculated in accordance with the updated Tenant List as at any relevant calculation date in accordance with the provisions of the methodologies set forth in the Gross Rental Definition Schedule (SCHEDULE 1.1(Y));

Gross Rentals means the money paid or payable to the “Insured” by tenants in respect of rental of the “Premises”.

Gross Rentals as used in this Exhibit D shall mean and refer to the total of any annual base rent or fixed rent payable by a tenant under any lease, including leases for expansion space, for an initial lease term or renewal lease term.

Gross Rentals means the money paid or payable to the Insured by tenants in respect of rental of the Premises and for services rendered by or on behalf of the Insured.