Overage Rent definition

Overage Rent means, with respect to any Company Lease that provides for the payment of additional or escalation rent based upon (a) a percentage of a tenant’s gross sales during a specified annual or other period or (b) increases in real estate taxes, operating expenses, labor costs, cost of living indices or xxxxxx’x wages.

Overage Rent shall have the meaning assigned thereto in subsection 11.2(a).

Overage Rent shall have the meaning provided in Section 7(a)(i)(B).

Examples of Overage Rent in a sentence

• Finally, I calculate rent-splitting parameters (bargaining power) relying on individual wage data, transition parameters and productivity measures estimated in the previous stages.

• Except for re-adjustments of Overage Rent to be made pursuant to subsection 11.2(e), if any such items are not determinable at the Closing, the adjustment shall be made subsequent to the Closing when the charge is determined.

• Such reconciliation statement shall indicate any difference between the Overage Rent paid by the tenants (based on Seller’s annual 2018 budget for real estate taxes and operating expenses) and the amount that should have been paid by the tenants through the Closing Date (based on the actual expenses covering such time period).

• If Seller has collected more on account of such Overage Rent than such actual amount for such time period, then the amount of such difference shall be credited to Purchaser at the Closing.

• Upon written request of either party to the other delivered on or before one (1) year from the Closing Date, Overage Rent shall be reprorated as of Closing.

More Definitions of Overage Rent

Overage Rent. As defined in Section 4.1.

Overage Rent has the meaning ascribed to such term in Section 11.1 of this Agreement.

Overage Rent has the meaning given that term in Section 2.6.

Overage Rent means the additional rent based on 1/3 of the annual net income derived by the Sublessee from the leasehold estate created by the Operating Lease payable thereunder and determined as provided in Section 2.02 thereof and therein defined as "overage rent."

Overage Rent means all amounts payable under the Shook Hardy Lease or any other Lease for reimbursements or payments in respect of operating expenses, parking fees, utilities, insurance, real estate and other taxes, and other charges.

Overage Rent as such term is used in the Operating Sublease, shall be adjusted as provided in Article 13 herein.

Overage Rent shall have the meaning given to such term in Section 8(d) hereof.