Sublease Rentals definition

Sublease Rentals. The amounts payable by the District in Section 4.02 of the Sublease and Exhibit D-1. Taxable Bonds: debt obligations (other than Build America Bonds and Recovery Zone Bonds) which the Issuer has expressly designated as “taxable,” i.e., the interest on such obligations is not purported by the Issuer to be excluded from the gross income of the holders of such obligations for federal income tax purposes; Tax-Exempt Bonds: debt obligations, the interest on which is purported by the Issuer to be excluded from the gross income of the holders of such obligations for federal income tax purposes. Any series of Bonds of the Issuer that is not expressly designated by the Issuer as either Taxable Bonds; Recovery Zone Bonds or Build America Bonds shall be treated as Tax- Exempt Bonds for the purposes of this Supplemental Sublease.
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Sublease Rentals means the sublease rentals payable by the Sublessee to the Commission under the Sublease.
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Sublease Rentals. The amounts payable by the District in Section 4.02 of the Sublease and Exhibit D-2.
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Examples of Sublease Rentals in a sentence

  • The District has no authority or power to levy taxes for the payment of Sublease Rentals.

  • In addition to the foregoing, and by way of further limitation, it is hereby declared that neither the full faith and credit nor the taxing powers of the District is pledged for the payment of Sublease Rentals or any other amount under the Sublease (including hereunder) and the obligations of the District hereunder shall not be obligations of or enforceable against the District.

  • To the extent the rentals or income derived from any sublease or assignment exceed the rentals due hereunder after deduction of the actual out of pocket costs paid by Tenant in connection with the applicable sublease or assignment, fifty percent (50%) of such excess rentals (the "Excess Sublease Rentals") shall be the property of and paid over to Landlord in consideration for Landlord's consent to the applicable assignment or sublease.

  • Contractor: Fraport Maryland, Inc.Baltimore, MD Current Contract Term: 04/01/2007 – 03/31/2023 (Operational Period) Original Contract Amount: Under the original contract, the contractor pays the greater of a Minimum Annual Guarantee (MAG), which increased at the start of each contract year or Percentage Rent of 70% of Sublease Rentals derived from concession operations at BWI Thurgood Marshall.

  • The Bonds shall never constitute a general obligation of, an indebtedness of, or a charge against the general credit of the Town nor are the Bonds payable in any manner from revenues raised by property taxation, except for TIF Revenues pledged to pay Sublease Rentals, as described in the Trust Indenture.

  • The Town Council hereby irrevocably pledges the LIT Certified Shares to pay Sublease Rentals, to the extent the TIF Revenues are not sufficient, which pledge shall be valid and binding in accordance with IC 5-1-14-4.

  • The Town reserves the right to enter into bonds, leases or other obligations entitled to the pledge of LIT Certified Shares on a parity with the pledge of LIT Certified Shares to pay Sublease Rentals in accordance with the requirements set forth below ("LIT Parity Obligations") for the purpose of raising money for future projects of the Town.

  • December 31, 2033.Notwithstanding the foregoing, if BB&T has subleased the Leased Property or sold or assigned its leasehold interest in the Leased Property and has received the amounts referred to in numbered paragraphs (1), (2) and (3) of this Subsection 3.1(c) above (the “Reimbursement Amount”), this Site Agreement shall continue for such period of time as is contemplated in such sublease, sale or assignment agreement made with the sublessee, purchaser or assignee.Section 3.2 Use of Sublease Rentals.

  • Current Contract Term: 04/01/2007 - 03/31/2022 (Operational Period) Modification Term(s): 04/01/2020 - 03/31/2023 (with one-year extension) Original Contract Amount: Under the original contract, the contractor pays the greater of a MAG which increased at the start of each contract year or percentage rent of 70% of Sublease Rentals derived from the contractor’s operation at BWI Thurgood Marshall.

  • The Commission reserves the right to enter into other obligations or leases or subleases payable from Tax Increment, in whole or in part, and to pledge the Tax Increment on a parity with the pledge of TIF Revenues to the payment of Sublease Rentals in accordance with the following requirements for the purpose of raising money for future local public improvements in, serving or benefiting the Area ("Parity Obligations").

Related to Sublease Rentals

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

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

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Rentals of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Lease or rental means the leasing or renting of tangible personal property and the possession or use

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • 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.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Sublessee means any Person for so long, but only so long, as such Person is in possession of the Airframe and/or any Engine pursuant to the terms of a Sublease which is then in effect pursuant to Section 7(b)(x) of the Lease.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.