Minimum Rent definition

Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.
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Minimum Rent set forth in Section 1.66 of the Lease is hereby deleted in its entirety and replaced with the following:
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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.
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Examples of Minimum Rent in a sentence

  • Tenant shall make the first payment of Minimum Rent upon execution of this Lease, and, from and after the Commencement Date, shall pay the monthly Minimum Rent, in advance, on or before the first day of each calendar month throughout the Term.

  • Tenant shall maintain business interruption insurance, with a limit of not less than the annual Minimum Rent applicable immediately prior to the hazard causing the loss.

  • If Minimum Rent is increased beyond the amount set forth in the Basic Lease Information for the last year of the Term, then from and after such increase, Tenant shall increase the amount of the Security Deposit to maintain the same ratio of the Security Deposit to Minimum Rent as existed on the date immediately prior to such Minimum Rent increase.

  • If the Commencement Date is other than the first day of the month, or the Expiration Date is other than the last day of the month, the Minimum Rent for those months shall be apportioned based on a thirty (30) day month.

  • Any increase in the Security Deposit shall be delivered to Port on the same date that such increase in Minimum Rent is first due.


More Definitions of Minimum Rent

Minimum Rent means Forty-Two Million Four Hundred Nine Thousand One Hundred Eighteen and 00/100ths Dollars ($42,409,118.00), subject to adjustment as provided in Section 3.1.1(b).
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Minimum Rent means annual rent as set forth in Section 3.2, subject to prorations and adjustments as set forth in Section 3.2.
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Minimum Rent. As defined in SECTION 3.1.
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Minimum Rent has the meaning set forth in Section 2.1(a).
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Minimum Rent means the rent payable by the Tenant under Section 4.2.
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Minimum Rent. As defined in Article III.
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Minimum Rent means the base rental for the Premises set forth in subparagraph 4 below.
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