Rental Value definition

Rental Value means Business Income that consists of:

Rental Value means the sum of (A) the total then ascertainable Rents payable under the Leases and (B) the total ascertainable amount of all other amounts to be received by Borrower from third parties which are the legal obligation of Tenants, reduced to the extent such amounts would not be received because of operating expenses not incurred during a period of non-occupancy of that portion of such Property then not being occupied.

Rental Value means the:

Examples of Rental Value in a sentence

• Page 20 of 40Loss in the area where the "premises" are lo- cated.Loss of "Rental Value" must be caused by direct "loss" at the "premises" caused by or resulting from any Covered Cause of Loss.

• Estimated Rental Value: £86.11 per square metre per annum Investment Yield: 7.75% Letting Incentive: 3 months’ rent free Letting period: 12 months post completion Construction Costs: £620 per square metre Professional Fees: 12% of the Build Costs Contingency: 3% of Build Costs Letting agent and legal fees: 15.75% of the annual rent achieved Investment sales agent and legal fees: 1.25% of the sale value Developer’s profit: 20% of the total development costs.

• However, Extended Business Income does not apply to loss of "Rental Value" incurred as a result of unfavora- ble business conditions caused by the impact of the Covered Cause of Includes copyrighted material of InsuranceFM 101 05 16 Services Office, Inc., with its permission.

More Definitions of Rental Value

Rental Value means the consideration (including premia, if any, or any sum of money paid or promised, or a share of crops or any other thing of value rendered periodically or on specified occasions) for which land is or could be leased for a period of one year for its most advantageous use:

Rental Value as used herein is defined as the sum of (A) the total anticipated gross rental income from tenant occupancy of such buildings as furnished and equipped, (B) the amount of all charges which are the legal obligation of tenants and which would otherwise be the obligation of Grantor and (C) the fair rental value of any portion of such buildings which is occupied by Grantor. Grantor hereby assigns the proceeds of such insurance to Beneficiary, to be applied by Beneficiary in payment of the interest and principal on the Note, insurance premiums, taxes, assessments and private impositions until such time as the Improvements shall have been restored and placed in full operation, at which time, provided Grantor is not then in default hereunder, the balance of such insurance proceeds, if any, held by Beneficiary shall be paid over to Grantor;

Rental Value shall include:

Rental Value means "Business Income" that consists of :

Rental Value as used herein is defined as the sum of (A) the total anticipated gross rental income from tenant occupancy of the Project, (B) the amount of all charges which are the legal obligation of tenants, and (C) the fair rental value of any portion of the Project occupied by the Company, if any; and

Rental Value means the sum of (x) the total estimated gross ------------ rental income from tenant occupation of the Improvements as furnished and equipped under Subleases and (y) the total amount of all other Charges which are the legal obligation of the Tenants of the Premises under Subleases.

Rental Value means "rental income" less non-continuing expenses.