Improvements Rent definition

Improvements Rent means an amount equal to an annualized return of nine and three quarters percent (9.75%) on all sums actually advanced or paid by Landlord as part of the Tenant Improvement Allowance, on or before the last day of the immediately preceding month.
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Improvements Rent shall be an amount equal to the product of (x) the Improvements Costs (as hereinafter defined), multiplied by (y) Nine and One-Half Percent (9.5%). The Land Rent and the Improvements Rent (collectively, the "ANNUAL BASE RENT") shall be subject to annual adjustment as provided in Section 3.2 hereof and possible further adjustment at the times and in the manner described in Sections 3.4, 3.5 and 3.
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Examples of Improvements Rent in a sentence

  • In the event of this termination, the Company's obligation to pay rent will cease; however, Company must still pay Customized Improvements Rent as set forth in Article 7 of this Agreement, and nothing herein will be construed as relieving either party from any of its liabilities relating to events or claims of any kind whatsoever prior to this termination.

  • Company will pay annual Customized Improvements Rent calculated as follows: $ per year, payable in monthly installments of $ plus applicable taxes.

  • Tenant shall pay Landlord, without abatement, adjustment or setoff except as otherwise expressly set forth herein, the Improvements Rent as set forth in Section 48.

  • On or before the twentieth (20th) day of each month during the Term, in accordance with and to the extent required by Section 4.3 and Exhibit “R”, Exhibit “R-3” or Exhibit “R-4”, as applicable, Tenant shall pay to Landlord (a) the Parking Improvement Rent based on Tenant Parking Improvement Revenue, (b) the Premises Surface Parking Rent based on the Premises Surface Parking Revenue and (c) the Surface Parking Improvements Rent based on the Surface Parking Improvement Revenue.

  • Company will pay annual Customized Improvements Rent calculated as follows: $8,989.92 per year, payable in monthly installments of $749.16 plus applicable taxes.

  • Company will pay annual Customized Improvements Rent calculated as follows: $11,591.04 per year, payable in monthly installments of $965.92 plus applicable taxes.

  • Company will pay annual Customized Improvements Rent calculated as follows: $ per year, payable in monthly installments of $ , plus applicable taxes.

  • As additional rent, Tenant shall pay Improvements Rent to Landlord monthly during the Term without notice or demand on or before the first day of each calendar month, in advance during such Lease Year.

  • Payments for Rent, [Capital Improvements], Property Taxes, Insurance [and Improvements Rent] shall be made by automatic ACH withdrawal from Lessee’s account to Lessor’s account.

  • The Tenant shall pay all Basic Rent, Initial Improvements Rent and Additional Rent to the Landlord without any deduction, set-off or abatement whatsoever.