Rent Master definition
Examples of Rent Master in a sentence
On or before April 15 of each calendar year, with the payment of Percentage Rent, Master Tenant shall furnish to the Town a statement (the “Annual Statement”) duly certified by the Chief Financial Officer or the Managing Member or the equivalent of the Master Tenant, setting forth in reasonable detail the Sublease Income from the Premises and the amount of the Percentage Rent which was required to be paid to the Town during the preceding calendar year in accordance with the provisions of this Lease.
Base Sub-Sublease Rent, Master Lease Additional Rent, and all other amounts due from Sub-Subtenant to Sub-Sublandlord hereunder (collectively, “Rent”) shall be made payable by Sub-Subtenant to Sub-Sublandlord and addressed to Sub-Sublandlord at: Account Number: 80003595493 Account Name: Perfect Day, Inc.
Notwithstanding any provision of this Sublease to the contrary, upon execution of this Sublease, Subtenant shall deliver to Sublandlord the sum of One Hundred Thousand Dollars ($100,000.00), representing the initial four (4) months’ Base Rent, Master Lease Charges and Direct Costs.