the Revised Rent definition

the Revised Rent means the open market rental value of the Premises current at the Review Date taking into account the Assumptions and disregarding the Disregarded Matters
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the Revised Rent means the rent determined in accordance with this schedule
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Examples of the Revised Rent in a sentence

  • When the Revised Rent payable from a Review Date is ascertained, a memorandum recording it is to be signed by or on behalf of the parties.

  • On any Review Date, the Rent which the Tenant will pay will be revised and the amount to be paid will be the Revised Rent.

  • On any Review Date, the Basic Rent which the Tenant will pay will be revised and the amount to be paid will be the Revised Rent.

  • Tenant's monthly payments of Past Due Rent shall be in addition to Monthly Minimum Rent and all other amounts due and owing under the Lease in accordance with the updated rent schedule attached hereto as Exhibit A (the "Revised Rent Schedule").

  • Within ten (10) Working Days after the Revised Rent has been determined, memoranda recording that fact shall be prepared by the Landlord or its solicitors and shall be signed by or on behalf of the Landlord and the Tenant and annexed to this Lease and its counterpart.

  • If the Landlord and the Tenant fail to agree the Revised Rent either party may (whether before or after the relevant Review Date) refer the matter to an independent chartered surveyor to be nominated by agreement between the Landlord and the Tenant or, in the absence of agreement, nominated by or on behalf of the President of the Royal Institution of Chartered Surveyors on the application of either the Landlord or the Tenant (‘the Valuer’).

  • Within 1 month of his appointment the Valuer must invite the Landlord and the Tenant to make written representations within 1 month as to the amount of the Revised Rent, taking into account the presumptions set out below supported by comparables and with written evidence of those comparables.

  • If the Revised Rent during any Review Period has not been agreed or determined by the relevant Review Date and following the Review Date the Revised Rent is agreed or determined at less than the existing Rent any sums paid on account by the Tenant pursuant to paragraph 5.2 above will be credited by the Landlord against the next payment of Rent due under the terms of the Lease as soon as the Revised Rent is agreed or determined (as the case may be).

  • The Valuer must try to ascertain the amount of the Revised Rent within 3 months of the date of his appointment.

  • The Principal Rent shall be reviewed at each Review Date and from and including each Review Date the Principal Rent shall equal the Revised Rent.

Related to the Revised Rent

  • Base Rent As defined in Section 3.1.

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

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • 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.

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

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • 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.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

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

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

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

  • Additional Rents 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.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • 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 Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • 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%.

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

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Percentage Rent As defined in Subsection 3.1(b).

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • 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.