Rent Expense definition

Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

Rent Expense means, for any period, the aggregate amount of cash rental and lease charges payable by Borrower and its Restricted Subsidiaries, including, for the avoidance of doubt, rental payments to the Unrestricted Subsidiary, for such period with respect to operating leases of Real Property, determined on a consolidated basis in accordance with GAAP.

Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

Examples of Rent Expense in a sentence

• Alternatively, if Landlord elects to terminate this Lease, Landlord shall be entitled to recover from Tenant all Monthly Base Rent, Expense Adjustment, and Electrical Cost accrued and unpaid for the period up to and including such termination date, as well as all other additional sums payable by Tenant hereunder.

• As of the last day of each Fiscal Quarter, for the twelve month period ending on such date, the Borrower shall not permit the ratio of (i) the sum of (A) Funded Debt as of the last day of such period and (B) the product of (1) Rent Expense for such period times (2) six to (ii) EBITDAR for such period (the “Leverage Ratio”) to be greater than 4.0 to 1.0.

• Approximate amounts of future minimum lease payments under these operating leases are as follows: Rent Expense totaled the following: From time to time, the Company may be a party to various legal and/or regulatory proceedings arising in the normal course of business.

• Tenant shall pay to Landlord’s Management Agent, or such other person or entity or at such other place as Landlord may from time to time direct in writing, all amounts due Landlord from Tenant hereunder, including, without limitation, Base Rent, Expense Adjustment and Tax Adjustment (all amounts due hereunder being referred to collectively as “Rent”).

• Rent Expense The contractual costs of occupying leased real estate.

More Definitions of Rent Expense

Rent Expense means the consolidated rent expense of the Borrower and its Subsidiaries, as determined in accordance with GAAP.

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.

Rent Expense means, for any period, the sum of all base and percentage rental expense (but excluding any expense payable for leasehold improvements, common area maintenance, taxes, insurance, utilities, marketing costs and similar charges) for real property of the Borrowers and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

Rent Expense means rent expense computed under and in accordance with GAAP, exclusive of any non-cash adjustment under GAAP for the straight lining of rent.

Rent Expense means the actual rent expense incurred by the Borrowers, the Guarantor or any Affiliate as a tenant under leases with respect to any senior living facility.

Rent Expense. For any Measurement Period, the aggregate consolidated amount of rent expense as determined in accordance with GAAP.

Rent Expense means, for any period, the rent expense of the Company and its Subsidiaries under all operating leases on a Consolidated basis in respect of such period.