Rent Expense definition

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

Examples of Rent Expense in a sentence

• The aggregate lease rentals payable are charged to the Statement of Profit & Loss as Rent Expense.

• Rent Expense for furniture, fixtures and equipment may be reported among other operating expenses.If the Real Estate Tax Audit Report Form being submitted covers more than one year, information regarding additional years should be supplied on an attached chart.

• 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”).

• In the case of an employee, disciplinary action up to suspension or termination may apply.

• Salaries and Wages Expense ............................................Cash ............................................................................Rent Expense .

More Definitions of Rent Expense

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.

Rent Expense means, for any period, with respect to the Credit Parties and their Subsidiaries on a consolidated basis, all rent payable under Operating Leases, as determined in accordance with GAAP.

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 for Guarantor and its Consolidated Subsidiaries, rent expense computed under and 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, for any period, the rental expense of the Borrower and its consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP excluding rental expense with respect to leases of aircraft scheduled to terminate no more than 365 days after their respective dates of execution.