Minimum Rent definition

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 set forth in Section 1.67 of Amended Lease No. 2 is deleted in its entirety and replaced with the following:

Examples of Minimum Rent in a sentence

  • Exceptions to Minimum Rent When a family requests a minimum rent hardship exemption, application of the minimum rent will be suspended beginning the month following the family’s hardship request.

  • Upon any such request for a hardship exemption, Management will immediately suspend the Minimum Rent requirement and begin an examination of the Household’s circumstances.

  • If, after investigation, Management reasonably determines that either (i) the Household can pay the Minimum Rent without financial hardship, as described above, or (ii) any such financial hardship would be temporary, then the Household must pay the Minimum Rent retroactive to the date the Minimum Rent was suspended.

  • If the Household thereafter demonstrates that the financial hardship is of a long-term nature, Management will retroactively exempt the Household from the Minimum Rent beginning on the date of its original request.

  • In no event will the Public Housing Tenant Rent payable by the Household be less than the Minimum Rent set by the Owner, as amended from time to time.


More Definitions of Minimum Rent

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 means Fifty-Two Million Two Hundred Ninety-One Thousand Six Hundred Eleven and 00/100ths Dollars ($52,291,611.00), subject to adjustment as provided in Section 3.1.1(b).
Minimum Rent. As defined in Article III.
Minimum Rent means One peppercorn per month (if demanded).
Minimum Rent has the meaning set forth in Section 2.1(a).
Minimum Rent set forth in Article 1 of the Lease is hereby amended by deleting the existing definition and inserting the following in place thereof:
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).