Initial Minimum Rent definition

Initial Minimum Rent means with respect to any Fiscal Year an amount equal to the product of: (a) the Initial Landlord Expenditure; and (b) the Originally Agreed Lease Rate for such Fiscal Year. Initial Minimum Rent, on an annual basis, shall be CDN $2,021,282.36 from the date of this Lease until December 31, 2006 (10.25% times the Initial Landlord Expenditure).
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Initial Minimum Rent means with respect to any Fiscal Year an amount equal to the product of: (a) the Initial Lessor Expenditure; and (b) the Originally Agreed Lease Rate for such Fiscal Year.
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Initial Minimum Rent means an amount equal to the sum of Three Hundred Thirty Thousand, Two Hundred and Eighty-Eight Dollars ($330,288) per year.
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Examples of Initial Minimum Rent in a sentence

  • The Initial Minimum Rent consists of Minimum Net, Net, Net Rent ($143,091.00) and initial Monthly Gross Charges (Base Amount taxes, insurance, and landscape maintenance) totaling $24,495.00 per month.

  • For the period from the Rent Commencement Date to the day immediately preceding the first (1st) anniversary of the Rent Commencement Date, "Minimum" Rent shall mean a base annual minimum rent in the amount (the "Initial Minimum Rent" equal to the sum of (a) eleven percent of Landlord's total cost (the "Total Cost") of developing the Premises, plus (b) $0.98 multiplied by the number of rentable square feet in the Premises.

  • If the Minimum Rent shall, from time to time, increase during the term of this Lease, Tenant shall thereupon increase the amount of the Letter of Credit so that the amount of the Letter of Credit held by Landlord shall at all times be equal to twice the then Initial Minimum Rent.


More Definitions of Initial Minimum Rent

Initial Minimum Rent. Sixty Eight Thousand Three Hundred Thirty Three and 93/100ths Dollars ($68,333.
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