Lost Rent definition

Lost Rent has the meaning set forth in Section 1.2(b).
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Lost Rent means the aggregate annualized reduction in income which is expected to occur from the Early Terminated Tenant Leases, calculated based on the annualized amount of minimum rent payable under each Early Terminated Tenant Lease during the last full calendar month period immediately prior to the expiration or termination thereof.
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Lost Rent means the excess of (1) the rent that would have been paid by dj Orthopedics under the 2985 and 3105 ▇▇▇▇▇ Sublease and the 2980 ▇▇▇▇▇ Sublease for such period; over (2) the rent or other consideration in lieu of rent (including key money and bonus money and any payment in excess of fair market value for services rendered by PRES to New Tenant (as defined below) or assets, fixtures, inventory, equipment, or furniture transferred by New Tenant (as defined below) to PRES in connection with the Occupancy Agreement) that PRES or its successors receives from any new tenant, licensee or occupant (each, a “New Tenant”) under an Occupancy Agreement(s) for such period. Any “free rent” payable under an Occupancy Agreement shall be amortized over the base term (without regard to options to extend the base term) under any such Occupancy Agreement. PRES agrees
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Examples of Lost Rent in a sentence

  • Default: Tenant is responsible for entire Lease sum and/or Lost Rent until the Apartment is Rented to another person if Default occurs.

  • The coverage provided under the “All Risks Except” policy purchased by SOCIETE GENERALE including building insurance, Lost Rent -Loss of Use insurance, and Lessor Civil Liability insurance will be maintained throughout the duration of the Work.

  • For these purposes, the Hollywood Lost Rent shall be calculated by summing, for all Hollywood Vacant Space, the annual gross rent that would have been payable under the respective Lease that formerly applied to such Hollywood Vacant Space, as such annual gross rent would have been adjusted from time to time in accordance with the terms of said former Lease.

  • For example, if (A) the monthly amount of rent under the Men's Wearhouse Lease was $10,000, (B) the actual rent commencement date (after the expiration of any applicable rent abatement period) was February 1, 2015, and (C) the Closing Date occurred on October 1, 2014, the following would apply: (1) the escrowed amount would be $120,000, (2) the Lost Rent would be $40,000 ($10,000 x 4 months), and (3) Seller would receive the balance of $80,000.

  • Lessor will not reimburse Tenant for Lost Rent, or offer Rent discounts, credits or reductions for any maintenance issue regardless of the time necessary to repair.

  • In consideration of HRB’s agreement to permit the District to take possession of the Property for Immediate Possession pursuant to the terms and conditions of this Agreement, the District agrees to pay HRB monthly rent in the amount of Nine Thousand Four Hundred Dollars ($9,400.00) per month (the “Monthly Rental”) during the Lost Rent Term (as defined below).

  • In partial consideration of Landlord’s agreement to terminate the Lease early in accordance with this Amendment, Tenant shall pay Landlord a termination payment in the amount of Three Hundred Forty-Three Thousand Nine Hundred Ninety-Five Dollars ($343,995.00) on or before December 31, 2013 (the “Additional Lost Rent Payment”).

  • For purposes of this Section 13.4, "Net Lost Rent" shall mean (a) the annual rental otherwise payable by the Bankrupt Tenants pursuant to their Leases for the twelve (12) month period following the Closing Date ("Expected Rents") which, as a result of the referenced bankruptcy, are subject to nonpayment, minus (b) three percent (3%) of the aggregate annual rental income payable by all tenants of the Real Property during such twelve (12) month period following the Closing Date.

  • Provided that Tenant has timely paid Landlord the entire Termination Payment and Additional Lost Rent Payment, and timely surrendered all of the Premises in the condition required under Paragraph 1(c) of this Amendment, on the Surrender Date of the Ground Floor Premises Landlord and Tenant shall jointly authorize the Bank to release the remaining Escrowed Deposit to Tenant.

Related to Lost Rent

  • Additional Rental has the meaning set forth in Section 4.03.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or ▇▇▇▇▇▇’▇ wages or otherwise.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • To rent means to lease, to sublease, to let, or otherwise to grant for consideration the right to