Rents Payable definition

Rents Payable for purposes herein is defined as the total amount of Annual Base Rent and Additional Payment Obligations to be paid for the entire Term of this Lease Agreement, provided in Section 3 hereof, discounted to present value as provided in Section 21.1(a).
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Examples of Rents Payable in a sentence

  • Notwithstanding the foregoing provisions, the pro-rated Collected Rents, Payable Rents and Utilities are subject to adjustment for six (6) months after the Closing Date if such items of income or expense were incorrectly applied to the pre-closing or post-closing periods.

Related to Rents Payable

  • Accounts Payable means all trade and other accounts payable, including accrued expenses, owed by the Company.

  • Rents means all of the rents, royalties, issues, profits, revenues, earnings, income and other benefits of the Property, or arising from the use or enjoyment of the Property, including all such amounts paid under or arising from any of the Leases and all fees, charges, accounts or other payments for the use or occupancy of rooms or other public facilities within the Real Property.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Assignment of Rents means a transfer of an interest in rents in connection with an obligation secured by real property located in this state and from which the rents arise.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.