Projected Rent definition

Projected Rent means, with respect to any Facility, all Rent that would be due hereunder with respect to such Facility per the terms of this Lease through the end of the applicable Term had this Lease not been terminated; and (iii) “Projected Adjusted EBITDAR” shall mean, with respect to any Facility, (A) for the first twelve (12) month period following the date of termination of this Lease, an amount equal to (1) the trailing twelve (12) month EBITDARM for such Facility, increased by [***], less (2) a deemed management fee allowance equal to [***] of the revenues used in calculating such EBITDARM (which revenues shall be based on the trailing twelve (12) month revenues used in calculating such EBITDARM, increased by [***]), less (3) a deemed capital expenditure allowance of [***] per unit, increased by [***] per annum starting in 2018, and (B) for each subsequent twelve (12) month period (through the remainder of the applicable Term), (1) the prior period’s EBITDARM, 134 Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. increased by [***], less (2) the prior period’s deemed management fee allowance, increased by [***], less (3) the prior period’s deemed capital expenditure allowance, increased by [***]. Projected Rent and Projected Adjusted EBITDAR shall be prorated as to any partial period (i.e., a period of less than twelve (12) months) at the end of the applicable Term. An example of the calculation of Lease Positive NPV is attached hereto as Exhibit G. For the avoidance of doubt, the failure of Guarantor to maintain such Net Debt to EBITDA Ratio as contemplated by this Section 44.1.8 shall not constitute a default hereunder or an “Event of Default”. If (x) Lessor exercises its right to split this Lease and enter into a New Lease, pursuant to Article XXXI, Section 35.5 or otherwise, in connection with a Separation Event, and (y) no Person which is not an Affiliate of Lessor owns the fee interest in the applicable Separated Properties covered under such New Lease or mortgage debt secured by a mortgage or deed of trust on such Separated Properties (or mezzanine debt secured by a pledge of direct or indirect equity interests in the owner of such fee interest), then Lessor may only exercise its termination right under this Section 44.1.8 if such New Lease is concurrently terminated with respect to the Separated Properties leased thereunde...
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Projected Rent. As defined in Section 44.1.8.
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Projected Rent means, for any period of time, with respect to (A) any XXXXX Qualified Lease or any XXXXX Qualified Lease Commitment that provides for the use of the leased premises in question as a restaurant (but excluding any such leased premises that are located within a "food court"), the greater, of (1) the aggregate minimum (i.e. exclusive of percentage or additional) rent that is required to be paid by the tenant thereunder with respect to such period (other than minimum rent payable with respect to any portion of such leased premises that is not located within the Mall) or (2) the sum of (a)(i) the product of $50 (or, with respect to any net rentable square foot of the leased premises that is or will be located on the first level of the Mall over which there will not be constructed, prior to the time that the Borrower delivers such leased premises to such tenant, a second level of Mall, $75) pro rated for the period in question based upon the ratio that the number of calendar months (or portions thereof) in such period bears to twelve (12) multiplied by (ii) the aggregate net rentable square footage of the leased premises that is or will be located on the first level of the Mall plus (b) the product of (i) $25 (pro rated as aforesaid) multiplied by (ii) the aggregate net rentable square footage of the leased premises that is or will be located on the second level of the Mall, (B) the Billboard Operating Lease, $945,000 pro rated as aforesaid, (C) the Madame Tussaud LOI/Lease, $960,000 pro rated as aforesaid, and (D) with respect to any other XXXXX Qualified Lease or XXXXX Qualified Lease Commitment, minimum (i.e. exclusive of percentage or additional) rent that is required to be paid by the tenant thereunder with respect to such period minus, in the case of the Canyon Ranch Operating Lease, all rent reasonably projected by Administrative Agent to be payable under the Canyon Ranch Master Lease for the period in question.
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Examples of Projected Rent in a sentence

  • For example, if the applicant is living in a Charlotte Housing Authority location and has lost his/her job, make a plan to have their rent adjusted to “0” and place that “O” in the Projected Rent Column.

  • Projected Rent Calculation: $547,802.13 X 3.6% = $19,720.88 DOR Rent Calculation: $500,000.00 X 3.6 = $18,000.00 ($19,720-$18,000) / $19,720 = 0.0872 or 8.7% decrease.

  • Projected Rent Calculation: $547,802.13 X 3.6% = $19,720.88 DOR Rent Calculation: $750,000.00 X 3.6 = $27,000.00 ($27,000-$19,720) / $19,720 = 0.3691 or 37% increase.

  • Projected Rent and Projected Adjusted EBITDAR shall be prorated as to any partial period (i.e., a period of less than twelve (12) months) at the end of the applicable Term.

  • For new build properties we will apply the Loreburn rent setting policy and compare against the Scottish Government’s Projected Rent Assumptions.

  • For example, if your client is living in a Charlotte Housing Authority location and has lost his/ her job, make a plan to have their rent adjusted to “0” and place that “O” in the Projected Rent Column.

  • Projected Rent: 101%ESTIMATED PRICE INCREASE: 25.5% ¹House Price data compiled from the UK House Price Index.

  • Director McDonald shared a Sunnyside Projected Rent Schedule, income statistics for San Miguel County, State of Colorado, and Summit County, and the Sunnyside Rental Housing Project Revenue and Expenditure Spreadsheet (Exhibit 5).The majority of the Committee agreed to charge tenants a portion of the water sewer bill.

  • Projected Rent Benefits Vary Widely Between Projects Over 40 Year ProjectionDevelopmentUnitsAverage savings per unit per year1818 Platinum Triangle265$ 4,543 Annadel Apartments390$ 1,379Aster313$ 2,212Creekwood309$ 1,754Latitude33198$ 7,321Next on Lex; Brio Apartments699$ 3,469Oceanaire216$ 8,039The Crescent Apartments130$ 8,625Verdant at Green Valley286$ 4,994Source: Electronic Municipal Market Access, 2022.

  • The Kiosks which were included in the 1997 11 Year Cash Flow Projection dated November 15, 1996 (the "Projections") furnished to Chelsea shall be operating and paying an aggregate monthly rent as of April 1, 1997 of no less than $13,100 per month, which is the "Projected Rent" shown in the Projections.

Related to Projected Rent

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Consolidated Rent Expense means, with reference to any period, all payments under Operating Leases to the extent deducted in computing Consolidated Net Income, calculated in accordance with GAAP for the Borrower and its Subsidiaries on a consolidated basis for such period.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Rent Expense means, as to any Person for any period, the aggregate rent and lease expenses recorded by such Person and its Subsidiaries on a consolidated basis in conformity with GAAP pursuant to any Operating Lease.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Consolidated Rentals means, with reference to any period, the Rentals of the Borrower and its Subsidiaries calculated on a consolidated basis for such period.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.