Third Party Rent definition

Third Party Rent of any person for any period means all operating lease expense for such period paid to third parties which are not Affiliates of such person.
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Examples of Third Party Rent in a sentence

  • The information in Exhibit H1 under the items entitled "Third Party Rent Revenue" and "Annual Land Lease Expenses" are Sellers' estimates for such items for the twelve month period ending March 31, 1998, based on actual rent revenues from third parties and actual land lease expenses during the month of March, 1998.

  • Exhibit H2 also sets forth actual Third Party Rent Revenue for the Sites for the months of June, 1997 through March, 1998.

  • On or before the tenth day of such month, OpCo shall deliver to BAM an invoice for the difference so calculated (the "Monthly Third Party Rent Shortfall"), which shall be accompanied by ---------------------------------- reasonable evidence supporting OpCo's calculation of the Monthly Third Party Rent Shortfall.

  • As of any date means the ratio of (a) the sum of (i) Funded Debt, adjusted for New Unit Development and (ii) Third Party Rent for the twelve (12) month period ending on such date multiplied by eight (8), divided by (b) the sum of (i) EBITDA, plus (ii) pre-opening costs, plus (iii) Third Party Rent for the twelve (12) month period ending on such date.

Related to Third Party Rent

  • Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;

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

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

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

  • 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 ▇▇▇▇▇▇’▇ wages or otherwise.