Net Base Rent definition

Net Base Rent. As defined in Section 3.3.
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Net Base Rent means the then applicable Base Rent less the Base Year Operating Costs and Taxes.
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Net Base Rent means the aggregate of the amount specified in the Sublease Agreement as Base Rent to be paid by the Prospective Sublessee during the Sublease Term for the right to occupy the Sublease Premises, but excludes the following amounts:
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Examples of Net Base Rent in a sentence

  • The contractual terms in the text assume that Net Base Rent Proceeds can exceed Base Rent.

  • Under Leaseback, upon an Event of Loss (e.g., where Equipment is lost, stolen, destroyed, damaged beyond repair, seized or condemned), Lessee mustnotify Lessor thereof and pay to Lessor (or cause to be paid), to the extent of Net Base Rent Proceeds: (1) the accrued Base Rentals on a daily basis, if any; (2) the "Stipulated Loss Value" for such Equipment as set forth in the applicable IER; and (3) all other unpaid amounts due.

  • The only way for Net Base Rent Proceeds to exceed Base Rent is if the definition of Base Rent is ignored and instead Base Rent is simply computed as the "predetermined yield" under the IER.

  • However, Net Base Rent Proceeds equals Base Rent less the x% management fee and certain lease expenses.

  • With a serene space used to support a creative thinking atmosphere, the workshops explored all possibilities of achieving Safe System compatible intersection designs.

  • Provide details on page 5Triple Net (Base Rent) - Tenant pays rent and all operating costs.

  • As set forth in Article 3, $81,000 per year, adjusted by aMaintenance Credit of $31,000 per year for a Net Base Rent of $50,000 per year or $4,167 per month commencing on the Effective Date.

  • Such pre-term possession of the Premises shall be without the obligation to pay rent (Net Base Rent, Real Estate Tax and Operating Expenses).Estimated Pre-Term Possession Date is May 1st, 2019 8.


More Definitions of Net Base Rent

Net Base Rent for purposes of this Section 2.4 shall mean the Base Rent as adjusted on the immediately preceding adjustment date less the Actual Expense Rate for the immediately preceding calendar year. Landlord shall endeavor to provide Tenant with thirty (30) days advance notice of each Base Rent Adjustment, but Landlord shall have no obligation to notify Tenant of the Base Rent Adjustment amount, and Landlord's failure to provide such notice shall not excuse performance by Tenant.
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Related to Net Base Rent

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

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

  • Base Rent As defined in Section 3.1.

  • 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.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • 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.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Percentage Rent As defined in Subsection 3.1(b).

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Net Rentable Area means, with respect to any Real Estate, the floor area of any buildings, structures or other improvements available for leasing to tenants determined in accordance with the Rent Roll for such Real Estate, the manner of such determination to be reasonably consistent for all Real Estate of the same type unless otherwise approved by the Administrative Agent.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

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

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.