Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.
Initial Term Loan shall have the meaning provided in Section 2.1(a).
Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.
Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).
Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).
Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.
Past Due Rent Payment is defined in Section 2.2(g).
Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.
Short-term rental (STR) means a rental of any dwelling, in whole or in part, within the City of Trinidad, to any person(s) for transient use, other than (1) a permitted bed and breakfast, (2) ongoing month-to-month tenancy granted to the same renter for the same dwelling, (3) one less-than-30-day rental per year, or (4) a house exchange for which there is no payment.
Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).
Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).
Additional Term Loan has the meaning specified in Section 2.01(c).
Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.
Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.
Extended Term shall have the meaning given such term in Section 2.4.
Additional Rental has the meaning set forth in Section 4.03.
Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).
Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.
Renewal Term has the meaning set forth in Section 2.
Annual Fixed Rent See Exhibit A, and Section 3.1.
Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.
Additional Compensation has the meaning given to it in Section 10.2;
Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.
Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.
Initial Term has the meaning set forth in Section 7.1.