Minimum Rent definition

Minimum Rent means the sum of Thirty-Nine Million Four Hundred Eleven Thousand Six Hundred Sixty-Seven and 00/100 Dollars ($39,411,667.00) per annum.

Minimum Rent set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

Minimum Rent means the sum of Fifteen Million Four Hundred Sixty-Six Thousand Five Hundred Seventy-One and 00/100s ($15,466,571.00) per annum.

Examples of Minimum Rent in a sentence

• If Tenant’s insurance carrier will underwrite, Tenant shall, at its expense, maintain business interruption coverage in an amount equal to or in excess of the amount of Minimum Rent plus any other sums payable under this Lease for a period of twenty-four (24) months.

• Year 1 Minimum Rent of the Extension Term shall be 102% of Year 20 Minimum Rent of the Initial Term, Year 2-5 Minimum Rent of the Extension Term to be negotiated between the Landlord and Tenant.

• Tenant's lease of the Leased Premises during the Extension Term shall be upon the same terms and conditions contained in this Lease for the Initial Term except (i) Tenant shall not have any further unilateral option to extend, and (ii) the Minimum Rent shall be adjusted as set forth herein ("Rent Adjustment").

• The Minimum Rent for such Extension Term shall be as set forth in Section D of Part I of this Lease.

More Definitions of Minimum Rent

Minimum Rent. As defined in Article III.

Minimum Rent means, with respect to each Accounting Period, the sum set forth on Exhibit "A-1", subject to adjustment pursuant to the terms of this Agreement.

Minimum Rent means annual rent as set forth in Section 3.2, subject to prorations and adjustments as set forth in Section 3.2.

Minimum Rent has the meaning set forth in Section 2.1(a).

Minimum Rent set forth in Section 1.69 of the Consolidated Lease is hereby amended by deleting the existing definition and replacing it with the following definition:

Minimum Rent means the base rental for the Premises set forth in subparagraph 4 below.

Minimum Rent means the rent payable by the Tenant under Section 4.2.