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).
Net Rent means the annual rent payable by the Tenant under Section 2.02.
Net Rent means, for the Issuer and the Restricted Subsidiaries for any period, the aggregate rent expense (excluding common area maintenance charges and taxes) for the Issuer and the Restricted Subsidiaries for such period other than (1) rent expense under vehicle, machinery, airplane and other equipment leases, (2) Capitalized Lease Obligations and (3) synthetic lease obligations, minus rental income received from franchisees and third parties during such period including without limitation, pursuant to (i) leases of owned Real Property to franchisees and/or third parties, (ii) subleases to such franchisees or third parties, as the case may be, and (iii) leases that have been assigned to such franchisees or third parties, as the case may be, in which the Issuer and the Restricted Subsidiaries, as applicable, remains liable for the payment of rent under such lease to the extent that rent payments are actually made, all as determined on a consolidated basis in accordance with GAAP.
Examples of Net Rent in a sentence
Landlord may retain any surplus Net Rent remaining at the expiration of the Term.
If the Net Rent Landlord actually receives from reletting exceeds such Rent, Landlord will apply the excess sum to future Rent due under this Lease.
In comparing rents in other buildings, consideration must be given that the Net Rent hereunder is net, and other buildings may be leased on a gross basis.
Maximum Chargeable Rent (Net Rent): Gross Rent less Utility Allowance paid by the Tenant.
If Landlord relets all or any part of the Premises, Tenant will continue to pay Rent when due under this Lease and Landlord will refund to Tenant the Net Rent Landlord actually receives from the reletting up to a maximum amount equal to the Rent Tenant paid that came due after Landlord’s reletting.
More Definitions of Net Rent
Net Rent means the fixed base rental amount paid by tenants under the terms of the related lease agreement less any portion of that base rent used by landlord to offset real estate taxes, utility charges, and other operating expenses incurred in connection with the leased space. Square footage shown at Prentiss Properties Trust’s ownership percentage.
Net Rent means all Rent Landlord actually receives from any reletting of all or any part of the Premises, after first deducting the Re-entry Costs and any other amounts owed by Tenant to Landlord.
Net Rent means the net rent (exclusive of Service Charge and other sums) payable by the Tenant to the Landlord in accordance with the Offer Letter, Clause 5.1 and the Side Letter(s), if any.
Net Rent means the base net rent due for the Subleased Premises during the Sublease Term in the amounts set forth on Exhibit “E” attached hereto:
Net Rent means the amount of money you have to pay to us on a regular basis to live in your Home. The amount of Net Rent you pay may be increased or decreased from time to time in accordance with this Tenancy Net Rent Review means the time when we will review and change the Net Rent in accordance with any rent setting policy we have from time to time in force, dealing with higher-income earning households New Services are the changes we are making to the Services and/or Other Services provided under this Tenancy Non-Benefit Eligible Services are the services not eligible for Benefit (which at the Start Date are listed in Part 2 of Schedule 2) and which we will provide under this Tenancy for which you pay the Non-Benefit Eligible Service Charge Non-Benefit Eligible Service Charge is the amount of money you pay to us for providing the Non-Benefit Eligible Services set out in the Tenancy which may be increased or decreased from time to time under this Tenancy Other Charges is the amount of money you pay to us for providing the Other Services set out in the Tenancy which may be increased or decreased from time to time under this Tenancy Other Charges Review means the time when we will review and change the Other Charges in accordance with our rent setting policy from time to time in force, which will normally be in the April immediately after the grant of this Tenancy and thereafter once a year Other Services are the other services which at the Start Date are listed at clause 1.12 which we will provide to you under this Tenancy for which you pay the Other Charges Other Services Review means the time when we will review and change the Other Charges if there is a change in the Other Services provided to you Partner means your husband or wife, a person living with you as your husband or wife, your registered civil partner or a person living with you as your registered civil partner Period of Unauthorised Occupation is any period after 10:00am on the day this Tenancy ends, which the lawful occupiers and/or anyone authorised by you remain in occupation of the Property Pets includes but is not limited to any animal, bird, reptile, insect or fish Property means your Home including any fixtures and fittings owned by us (except the Contents) and if your Home is a house or bungalow includes any garage, driveway, allocated parking space, outbuilding or garden let under this Tenancy and any paths, xxxxxx and/or fences exclusively for your Home and owned by us. For the avoidance of...
Net Rent means the Rent accruing to Tenant as the result of such sublease or assignment. If Tenant or any subtenant or other person claiming through or under Tenant, shall assign or have assigned its interest as Tenant under this Lease or its interest as subtenant under any sublease, as the case may be, Tenant shall pay to Landlord a sum equal to fifty percent (50%) of any consideration paid to Tenant or any subtenant or other person claiming through or under Tenant for such assignment. All sums payable hereunder by Tenant shall be paid to Landlord as Additional Rent immediately upon receipt thereof by Tenant or by any subtenant or other person claiming through or under Tenant.