Rent Report definition

Rent Report means a report, in form and substance reasonably satisfactory to Lender, prepared each month by or under the direction of, and certified by, the chief financial officer of G+G, which report shall set forth in reasonable detail with respect to each retail store location leased by a Borrower (i) whether such Borrower has not paid to the landlord of any such location, by the date of such report, the monthly recurring rent, escrow and other monthly recurring charges payable under the applicable lease for such month, and if so, the aggregate amount thereof with respect to each such location and (ii) whether any Borrower has not paid amounts specified in any notice of default received during such month from any landlord of such leased location, and if such Borrower has not paid such amounts, the nature of such default and the monetary amount, if any, claimed by such landlord to be in default.
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Examples of Rent Report in a sentence

  • Any failure by a Subtenant which is a Related Entity to provide to Tenant the information necessary for Tenant to prepare a Percentage Rent Report or to make available books and records for review pursuant to Section 3.13 hereof shall be deemed to be an Event of Default hereunder.

  • No subleasing by Tenant to a Related Entity shall affect, reduce or impair Tenant’s Obligations hereunder to pay Percentage Rent and to deliver any Percentage Rent Report as required hereunder and to make available books and records pursuant to Section 3.13 hereof.

  • Percentage Rent for each Lease Year, if any, shall be paid, in arrears, annually to Landlord no later than February 15 of each Lease Year after the Lease Assignment Date and shall be accompanied by a Percentage Rent Report.

  • At closing, Seller shall provide a certification to Purchaser regarding defaults under leases and updating the status of the Rent Report concerning arrearages.

  • Any failure by a Subtenant which is a Tenant Related Entity to provide to Tenant the information necessary for Tenant to prepare a Percentage Rent Report or to make available books and records for review pursuant to SECTION 3.13 hereof shall be deemed to be a Default hereunder.

  • Not later than the twentieth (20th) day of the first calendar month following the end of each Percentage Rent Quarter (as hereinafter defined) Tenant shall deliver to Landlord a written statement in form and detail reasonably acceptable to Landlord, showing month by month the Gross Sales (hereinafter defined) for the preceding Percentage Rent Quarter (the "Percentage Rent Report").

  • FINOVA shall have received an Unpaid Rent Report for the most recent month which must be acceptable to FINOVA in all respects.

  • Such Percentage Rent Report shall be certified to be correct in all material respects in the best information and belief of an authorized officer of Tenant.

  • The Fair Rent Report provided an independent analysis on the rental levels of the premises (including those leased under the 45 existing individual tenancy agreements covered by 2024 MTA No.1) as of 31 August 2024, showing that the rental payable by the Group under such existing tenancy agreements are within the range of the rentals of similar properties.

  • Where such duties are assigned to PCAM members, no objection regarding bargaining unit jurisdiction between separate Employers Organization bargaining units will be raised.