Rent Refund definition

Rent Refund means, with respect to any Tenant in default under any applicable Lease, any payment of Rent (in whole or in part) delivered by such Tenant to Manager, to the extent Borrower or Manager reasonably determines the return of the same is necessary in order to preserve Borrower’s enforcement remedies under the applicable Lease.
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Examples of Rent Refund in a sentence

  • Lessor shall evidence its election by giving notice thereof to Lessee no later than the due date of the first installment of rent due in the first Extended Term; provided, however, if Lessor fails to deliver such notice, Lessor shall be deemed to have elected to so credit the Aggregate Rent Refund.

  • Anything contained herein to the contrary notwithstanding, in no event shall Lessor be required to pay the Aggregate Rent Refund in the event of any termination of this Lease resulting from the occurrence of an Event of Default or a rejection of this Lease in a bankruptcy case involving Lessee.

  • Within five (5) days of the last day of each calendar month, commencing with the calendar month ending July 31, 2016, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided that the notice given for the calendar month ending July 31, 2016 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including July 31, 2016.

  • General Provisions 30 Section 14.1. Broker 30 Section 14.2. Rent Refund; Reimbursement 30 Section 14.3. Notices 30 Section 14.4 Holding Over 30 Section 14.5. Waiver/Remedies 30 Section 14.6. Successors 31 Section 14.7. Interpretation 31 Section 14.8. Consents and Approvals 31 Section 14.9. Force Majeure 31 Section 14.10.

  • Within five (5) days of the last day of each calendar month, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month.

  • Within five (5) days of the last day of each calendar month, commencing with the calendar month ending December 31, 2016, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided that the notice given for the calendar month ending December 31, 2016 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including December 31, 2016.

  • Within five (5) days of the last day of each calendar month, commencing with the calendar month ended July 31, 2014, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided, that the notice given for the calendar month ended July 31, 2014 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including July 31, 2014.

  • Within five (5) days of the last day of each calendar month, commencing with the calendar month ending October 31, 2017, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided that the notice given for the calendar month ending October 31, 2017 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including October 31, 2017.

  • Within five (5) days of the last day of each calendar month, commencing with the calendar month ending July 31, 2015, written notice of any Rent Refund Monthly Disbursement Amount for the Payment Date following such calendar month; provided that the notice given for the calendar month ending July 31, 2015 shall include Rent Refund Monthly Disbursement Amounts made by Borrower for the period from and including the Closing Date through and including July 31, 2015.

Related to Rent Refund

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • 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.

  • Rent Reserve means, with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.