Second-Tier Minimum Rent definition

Second-Tier Minimum Rent shall have the meaning ascribed thereto in the Lease Agreement.
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Second-Tier Minimum Rent means, with respect to any Fiscal Year, the difference between (1) the Adjusted Lease Basis with respect to such Fiscal Year multiplied by the Adjusted Lease Rate and (2) the First Tier Minimum Rent.
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Second-Tier Minimum Rent shall have the meaning given such term in the Rent Addendum.
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Related to Second-Tier Minimum Rent

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

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

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.