Improvement Rent definition

Improvement Rent shall hereinafter include the Expansion Space Improvement Rent. In the event of a termination of the Lease prior to the Extension Term Expiration Date, the full unamortized amount of the Additional TI Allowance shall be automatically due and payable as Additional Rent by Tenant. In addition, the Shell Allowance shall be amortized in the same manner as the Additional TI Allowance, but the monthly amount of such amortization shall not be payable by Tenant. If the Lease is terminated prior to the Extension Term Expiration Date, then the full unamortized amount of the Shell Allowance shall be automatically due and payable as Additional Rent.

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Improvement Rent for each year during the Lease Term shall be equal to the product of (a) Seventeen and twenty-two one-hundredths percent (17.22%) multiplied by (b) the aggregate amount of the Additional Allowance actually distributed to or on behalf of Tenant as of the Improvement Rent Commencement Date (as defined below). The Improvement Rent shall commence on the Improvement Rent Commencement Date.

Improvement Rent. (as defined below). As more fully described in the Work Letter, Landlord is making available to Tenant an allowance (the "CONSTRUCTION ALLOWANCE") to be used by Tenant solely for the costs of designing, permitting, and constructing the Greenhouse, which costs shall include, but not be limited to, payments to surveyors, engineers, architects, consultants, contractors, sub-contractors, and all other persons and laborers of every class providing services, performing labor, or furnishing skill or other necessary services used in or contributing to such construction, the cost of materials or equipment used or consumed in such construction, the cost (including legal and engineering fees and disbursements) of obtaining, maintaining, renewing, or revising permits, licenses, approvals, certificates, or other entitlements, premiums and fees for all insurance maintained by

Examples of Improvement Rent in a sentence

Notwithstanding anything to the contrary contained in the Lease, commencing on December 1, 2011, Tenant shall no longer be required to pay Improvement Rent and the provisions of Section 42 of the Lease shall have no further force or effect.
Any balance remaining after such twenty (20) day period will be subject to Tenant Improvement Rent payments.
The Tenant Improvement Rent shall not be increased by the CPI-U (only the Base Rent).
Tenant shall have the option of amortizing the actual amount of the Occupancy Improvement Rent over ten (10) years at 10% per annum, or paying up front the actual Amortized Tenant Finish Amount.
In the event this Lease terminates (for a reason other than a default by Tenant or Tenant’s exercise of the Lease Buyout Right) prior to the expiration of the aforesaid 114 months, then Tenant’s obligation to continue to pay the Tenant Improvement Rent on a monthly basis to MAC through the conclusion of said 114 month period shall cease and not survive the termination of this Agreement.
Notwithstanding anything to the contrary herein, Tenant shall be entitled, at its sole discretion, to prepay the entire amount of the Occupancy Improvement Rent at anytime during the Term, so long as Landlord has the flexibility to prepay its loan on the Property.
Expansion Space Improvement Rent shall not be subject to annual adjustment on any Adjustment Date.
Notwithstanding the terms of clause (i) above, if the Closing occurs, Purchaser will reimburse Seller at Closing the amount of the Allowance paid by Seller to RCR to the extent not already collected by Seller from RCR as Improvement Rent (as defined in the RCR Lease) under the RCR Lease.
In the event Tenant elects to receive the Additional TI Allowance, Tenant agrees to pay to Landlord, as Additional Rent, Expansion Space Improvement Rent as set forth in this Section 6.
Provided that the foregoing provisions of subsection (2) have been satisfied, Tenant shall be entitled to the Improvement Rent Credits as described in subsection (4) below.

More Definitions of Improvement Rent

Improvement Rent means the amount determined in accordance with Section 5.3. 41.12. [Intentionally Omitted.] 41.13. [Intentionally Omitted.]

Improvement Rent. Equal monthly installments of improvement rent equal to the monthly payment necessary to amortize fully the "EXCESS DISBURSED CONSTRUCTION ALLOWANCE" (as defined below) over a period of 120 months at an annual interest rate of 12.00%.