Maximum Base Rent definition

Maximum Base Rent has the meaning given such term in Section 5(a) of this Lease.
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Maximum Base Rent means the highest legal monthly rent which was in effect for the rental space or spaces on November 1 of the base year. Any increase subsequently effected pursuant to Section 5-25.06 shall be computed against the maximum base rent.
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Examples of Maximum Base Rent in a sentence

  • Provided Tenant has exercised the Additional Surrender Option as aforesaid, on or before the first day of the eleventh (11th) Lease Year, time being of the essence with respect to such date, Tenant shall pay to Landlord a payment in respect of the Base Rent Component equal to [XXX]* ([XXX]*) months of the Maximum Base Rent payable for the twelfth (12th) Lease Year.

Related to Maximum Base Rent

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • 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.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • 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).