Principal Rent definition

Principal Rent means the rent payable under clause 4.1.1;

Principal Rent means the principal rent reserved by this Lease at the rate from time to time payable under clause 2.1 and clause 6;

Principal Rent means the rent first reserved in Clause 2

Examples of Principal Rent in a sentence

• The Principal Rent payable hereunder as from each Review Date (the “Reviewed Rent”) until the subsequent Review Date or the end or sooner determination of the Term (as the case may be) shall be the greater of the Principal Rent payable hereunder immediately prior to the relevant Review Date (the “Current Rent”) and the Market Rent agreed or determined in accordance with clause 6.2.

• Supervision of Student Research, including theses, dissertations, and independent research.

• Within twenty working days following termination of the Lease pursuant to this clause 7, the Landlord shall reimburse to the Tenant any Principal Rent, Second Rent, Third Rent, Service Charge or Insurance Rent paid in advance by the Tenant in respect of the period after (but excluding) the relevant Termination Date.

• If the Property (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use and/or accessible.

• The Principal Rent shall be paid in such manner as the Landlord may, from time to time, determine so that the Landlord shall receive full value in cleared funds on the date when payment is due.

More Definitions of Principal Rent

Principal Rent means a peppercorn per annum;

Principal Rent means the rent stated in the Particulars;

Principal Rent means ONE HUNDRED AND FIFTY THOUSAND POUNDS (£150,000) per annum;

Principal Rent means SIX HUNDRED AND SEVEN THOUSAND EIGHT HUNDRED AND SEVENTY SIX POUNDS AND TWENTY SIX XXXXX (£607,876.26) per annum subject to increase in accordance with the Second Schedule;

Principal Rent has the meaning given to it in the Particulars and in paragraph 1 of the Second Schedule

Principal Rent means: From and including 25 December 2017 to and including 28 September 2019: the Discounted Initial Principal Rent per annum; From and including 29 September 2019 to but excluding 25 December 2022: the Initial Principal Rent per annum subject to increase in accordance with the Second Schedule;

Principal Rent means the rent stated in the Particulars; Quarter Days means 25 March, 24 June, 29 September and 25 December in every year and Quarter Day means any of them;