initial rental definition
initial rental means the amount to be paid by the credit receiver on the date of a credit agreement which is a leasing transaction;
initial rental. [Paragraph 1(C)] $59,686.00/month, $716,232.00/year. SECURITY DEPOSIT: [Paragraph 1(D)] Letter of Credit - $716,232.00 (or Certificate of Deposit) PRO RATA SHARE: [Paragraph 4(B)] 100 %
initial rental means the initial annual ground rental set forth in Section 5.01 [Insert if applicable: for the rental adjustments occurring prior to the Appraisal Adjustment Date: the rental established pursuant to Section 5.03(D) for rental adjustments occurring after the Appraisal Adjustment Date: and the rental established pursuant to Section 5.03(E) alter the Renewal Term.]
More Definitions of initial rental
initial rental means the amount to be paid by the credit receiver in the case of a credit agreement which is a leasing transaction;
initial rental. [Section 1(C)] 1st Lease Year: $53,567.96/month; $642,815.52/year Initial Basic Rental Rate: $11.50/sf NNN RENTAL ESCALATION: [Section 1(C)] Three percent (3%) fixed annual escalation SECURITY DEPOSIT: [Section 1(D)] $500,000.00, to be reduced by 20% per year provided no prior Tenant Event of Default PRO RATA SHARE: [Section 4(B)] 44.78% [Section 24] Westphalia Center II Limited Partnership 9▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, Gaithersburg, Maryland 20877 Attn: M▇. ▇▇▇▇ ▇. Chod Avalon Pharmaceuticals, Inc. 2▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: Mr. J▇▇▇ ▇▇▇▇▇▇
initial rental. Rental Rate: 1st Lease Year at $16.50 sf “NNN” [Section 1(C)] $27,844.00 a month / $344,128.00 a year RENTAL ESCALATION: 3.00% per annum [Section 1(C)] SECURITY DEPOSIT: $58,541.00 [Section 1(D)] HOLDOVER RENT: 150% per month [Section 1(E)] PRO RATA SHARE: 38.17% [Section 4(B)] OPERATING EXPENSES: Tenant to pay, as Additional Rent, its Monthly Share of annual estimated Operating Expenses pursuant to Landlord’s Expense Notice given by December 1 of each year, with Landlord’s statement of Actual Expenses given 60 days after end of each calendar year [Section 4(D) & (E)]
initial rental means the first instalment of rental payable under the Sub-Lease;