Net Rentals definition

Net Rentals means all fixed rents (including as such all payments that the lessee is obligated to make to the lessor on termination of the lease or surrender of the Property other than upon termination of the lease for a default thereunder) payable under a lease or sublease of real or personal Property excluding any amounts required to be paid by the lessee (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes, and similar charges. Net Rentals for any future period under any so-called “percentage lease” shall be computed on the basis of the amount reasonably estimated to be payable thereunder for such period, but in any event not less than the amount paid or payable thereunder during the immediately preceding period of the same duration as such future period; provided that the amount estimated to be payable under any such percentage lease shall in all cases recognize any change in the applicable percentage called for by the terms of such lease.

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Net Rentals means, for any period of determination, the greater of (i) $0 or (ii) the difference between Operating Lease expenses and income from subleases of the Borrower and its Subsidiaries on a consolidated basis during such period.

Net Rentals means all fixed rents (including as such all payments which the lessee is obligated to make to the lessor on termination of the lease or surrender of the Property other than upon termination of the lease for a default thereunder) payable under such lease excluding any amounts required to be paid by the lessee (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes and similar charges. Net rentals for any future period under any so- called “percentage lease” shall be computed on the basis of the amount reasonably estimated to be payable thereunder for such period, but in any event not less than the amount paid or payable thereunder during the immediately preceding period of the same duration as such future period; provided that the amount estimated to be payable under any such percentage lease shall in all cases recognize any change in the applicable percentage called for by the terms of such lease.

Examples of Net Rentals in a sentence

The Net Rentals and SPR’s Fees (including the Distribution MG) and Expenses are not crossed but calculated on a per Picture basis.
Net Rentals shall mean Net Box Office Receipts actually received by SPR after deduction of (i.) the share of such exhibitor as agreed under the respective Exhibition Contract and (ii.) deduction for rebates, allowances and other credits to such exhibitor related to each of the Pictures.
Subject to SPR’s continuing right to recoup all Distribution Expenses from the Net Rentals of the Pictures, Licensor shall be entitled to one hundred percent (100%) of any Gross Receipts remaining after deducting on a continuing and cumulative basis the Distribution Fee and Distribution Expenses (“Licensor’s Share”).
The Owner shall pay to the Agent a commission (the Agent's Commission) for the services to be rendered hereunder, of an amount equal to 50% of all Net Rentals generated by the Unit during the Term hereof.
Owner hereby irrevocably empowers and directs the Agent to (i) pay the Operational Charges out of Gross Rentals, (ii) calculate the Agent's Commission and pay the same to Agent, and (iii) remit the balance of Net Rentals to Owner (the Owner's Share").

More Definitions of Net Rentals

Net Rentals means, with respect to any period, all fixed payments that the lessee is required to make during such period by the terms of any lease having an 57 original term of one year or more, but shall not include amounts required to be paid in respect of maintenance, repairs, income taxes, property taxes, insurance, assessments or other similar charges or additional rentals (in excess of fixed minimums) based upon a percentage of gross receipts.

Net Rentals means all fixed rents (including as such all payments which the lessee is obligated to make to the lessor on termination of the lease or surrender of the Property other than upon termination of the lease for a default thereunder) payable under a lease or sublease of real or personal Property excluding any amounts required to be paid by the lessee (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes and similar charges. Net Rentals for any future period under any so-called "percentage lease" shall be computed on the basis of the amount reasonably estimated to be payable thereunder for such period, but in any event not less than the amount paid or payable thereunder during the immediately preceding period of the same duration as such future period; provided that the amount estimated to be payable under any such percentage lease shall in all cases recognize any change in the applicable percentage called for by the terms of such lease.

Net Rentals means the gross rentals paid by lessees less the ordinary and necessary expenses of administering the Shopping Center incurred by DED.