Premises Rent definition

Premises Rent means the amount set out in Item 14 Percentage means percentage set out in Item 15 representing area taken up by the Premises as percentage of the total Building area excluding Common Areas Rent means the Premises Rent, the Car Park Rent and the Pro-Rated Percentage of the Building Expenses, and any other amounts payable by the Lessor as required by the Lease or as agreed between the parties Rent Review Dates means the dates identified in Item 16

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Premises Rent means the amount paid by the City to the Authority under the Lease for use of the Project Site together with the reasonable expenses of the Authority in administering the Series 2012 Bonds.

Premises Rent shall be as follows: Lease Years: Rent PSF: Rent Per Lease Year: Quarterly Installments: 1 $15.00 $163,275.00 $40,818.75 2 $15.38 $167,356.88 $41,839.23 3 $15.76 $171,540.80 $42,885.21 4 $16.15 $175,829.32 $43,957.32 5 $16.56 $180,225.05 $45,056.25

Examples of Premises Rent in a sentence

The new Lease Term for the Expansion Premises shall be ten (10) years commencing on the Expansion Premises Rent Commencement Date (defined below) (the “Expansion Premises Lease Term”); provided, however, the terms and provisions of this Amendment are effective as of the Amendment Effective Date.
From and after the date Tenant commences business operation in the Expansion Premises, but no later than March 31, 2022 (the “Expansion Premises Rent Commencement Date”), Base Rent shall be payable with respect to the Expansion Premises in accordance with the schedule of Base Rent set forth below.
If Landlord chooses to restore the Premises, Rent shall ▇▇▇▇▇ with respect to the untenantable portion of the Premises from the date of such casualty until the date of substantial restoration thereof.
The “Additional Premises Rent Commencement Date” shall be the Additional Premises Commencement Date.
During such repair or rebuilding of the Building and/or the Premises, Rent for the portion of the Premises rendered untenantable by the damage will be abated on a reasonable basis determined by Landlord from the date of damage until the completion of the repair, restoration or rehabilitation, unless the Casualty was caused by Tenant or any of Tenant's Affiliates, in which event Tenant shall continue to pay Rent without abatement.
Landlord may compute and ▇▇▇▇ Additional Premises Rent (or components thereof) separately or treat the Additional Premises and Premises as one unit for computation and billing purposes.
Landlord and Tenant acknowledge that the aggregate amount of the Existing Premises Rent Abatement equals $1,327,294.50 (i.e., $189,613.50 per month).
Tenant acknowledges and agrees that the foregoing Existing Premises Rent Abatement has been granted to Tenant as additional consideration for entering into this Third Amendment, and for agreeing to pay the rent and performing the terms and conditions otherwise required under the Lease (as hereby amended).
From and after the Expansion Premises Rent Commencement Date, references in the Lease to the “Premises” shall be deemed to include the “Expansion Premises” and Tenant's use, lease and occupancy of the Expansion Premises shall be subject to all of the terms, covenants and provisions of the Lease, except as expressly set forth in this Amendment.
If the Adjoining Suites are not in leasable condition solely for the reasons set forth in the preceding sentence, then Landlord shall provide to Tenant notice and the Adjoining Suites will become a portion of the Premises and the rentable square footage of the Premises will be increased by the square footage of the Adjoining Suites retroactive to the Expansion Premises Rent Commencement Date.

More Definitions of Premises Rent

Premises Rent means the rent paid by the Premises Tenant to the Lessee in respect of the Building;

Premises Rent means Base Rent and Additional Rent.

Premises Rent shall be as follows: