Rental Expense definition

Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

Rental Expense means, for any period, all payment obligations of Borrower and its consolidated Subsidiaries accrued during such period under agreements for rent, lease, hire or use of any real or personal property, including obligations in the nature of operating leases but excluding Capital Lease Obligations.

Rental Expense means, with respect to any Person for any period, the gross real estate rental expenses of such Person for such period (excluding all personal property rental expense), net of rental income of such Person for such period, each determined in accordance with generally accepted accounting principles consistently applied.

Examples of Rental Expense in a sentence

• Rental Expense consists of operating expenses and real estate taxes.

• Rental Expense consists of operating expenses, real estate taxes and ground rent expense.

• Mayor Ackley explained to Council Member Costanzo that this employee is already full-time with the City and already has these benefits under his current employment.

• Rental Expense Benefit If as the result of an Injury, Sickness or Disease, an Insured Person is confined as an inpatient in a hospital and under the regular care and attendance of a Physician, SSQ Insurance Company Inc.

• The following benefits are excluded from the Maximum Limit of Indemnity: • Evacuation Benefit• Repatriation Benefit• Family Transportation and Accommodation Benefit• Return of Vehicle Benefit• Rental Expense Benefit• Hotel Convalescence Benefit Indemnity Payments Unless otherwise indicated, all benefits, including those benefits payable for Insured Spouse and/or Insured Dependent Children, will be paid to or at the direction of the Insured Person.

More Definitions of Rental Expense

Rental Expense means, with respect to the Borrower and its Restricted Subsidiaries for any period, all rent expense paid in cash with respect to long-term real property leases during such period, determined on a Consolidated basis in accordance with GAAP.

Rental Expense means, for any period, the sum of (without duplication with respect to gross lease arrangements): (a) all rental payments, (b) all common area maintenance payments made pursuant to real property leases and (c) all real estate taxes paid by the Company and its Subsidiaries (other than Excluded Subsidiaries) pursuant to real property leases not constituting Capital Lease Obligations.

Rental Expense. With respect to any party, for any period, the rental expense for real estate leased by such party as lessee for such period as determined in accordance with GAAP.

Rental Expense means, for any period, total rental expense (net of sublease income) determined on a consolidated basis, without duplication, for the Credit Parties and their Subsidiaries in accordance with GAAP.

Rental Expense means with respect to any Person for any period, the aggregate rental obligations of such Person paid or required to be paid in respect of such period under Operating Leases, excluding vehicle leases in the ordinary course of business, (net of income from sub-leases thereof, but including taxes, insurance, maintenance and similar obligations under such leases), whether or not such obligations are reflected as liabilities or commitments on a balance sheet of such Person.

Rental Expense means, with respect to the US Borrower and its Subsidiaries for any period, the aggregate fixed amounts payable with respect to Operating Leases of the US Borrower and its Subsidiaries for such period, determined on a Consolidated basis in accordance with GAAP.

Rental Expense means, for any Person for any period, the minimum rental expense of such Person and its Restricted Subsidiaries deducted in determining Consolidated Net Income of such Person for such period.