No Rent. No rent is payable by StadCo to the Authority under this Agreement.
No Rent. Pursuant to Section 511 of the Department of Homeland Security Appropriations Xxx, 0000, Pub. Law 108-334, 118 Stat. 1298 (October 18, 2004), Airport agrees to provide use of the Space at no cost to TSA as a part of its obligation to comply with a security program and in recognition of the benefits that TSA’s security function provides to Airport, passengers and others entering airport property. Airport reserves the right to impose rental charges for the Space if federal law requires TSA to pay rent for checkpoint space in the future.
No Rent. No rent is payable by StadCo to the Authority under this Treatment of StadCo Contribution Amount. The Parties agree and acknowledge that, for all federal and applicable state and local income tax purposes, but only for those purposes, (a) the StadCo Contribution Amount shall be treated as prepaid rent paid by StadCo to the Authority and (b) the aggregate amount of that prepaid rent shall be allocated for purposes of Treasury Regulations Section 1.467-1(c)(2)(ii) in equal annual installments (prorated for partial calendar years) to each year during the term of this Agreement (determined by assuming that the Agreement does not terminate early in accordance with clause (ii) of the definition of Term Expiration Date). For each year during the foregoing term, solely for federal and applicable state and local income tax purposes, StadCo shall accrue interest income and the Authority shall accrue corresponding interest expense on the resulting “section 467 loan” in accordance with the principles of Treasury Regulations Section 1.467-4. Any such interest shall be taken into account in determining the balance of such a “section 467 loan”, but in no event shall any principal or interest on such a “section 467 loan” be separately payable (including upon any termination of this Agreement).
No Rent. Pre-Development Period 2% - 3% annual adjustments 2% - 3% annual adjustments 0 - 5 Years 5 Years 10 Years 10 Years Rent Commences Initial 5 Year Period • Initial rent shall be 4% of the property value for 5 years • Property value determined by an appraisal process • Annual base rent adjustments are limited to between 2% and 3% per year thereafter
No Rent. No Basic Rent or other fee will be charged to Tenant by Landlord for the area occupied by the Generator or for the use of the utility risers within the Building required to connect the Generator to the Premises, nor will such space be included in the calculation of Tenant’s Share of Expenses.
No Rent. Lessor and Lessee acknowledge that no rent is to be paid for Lessee’s right to use the Personal Property, and that the consideration being given by Lessee to support the leasing of the Personal Property is Lessee’s promise to maintain the Personal Property normal wear and tear excepted and age and condition considered, and otherwise comply with the terms of this Section 56.
No Rent. Until Substantial Completion occurs, no Rent is due ------- under this Lease.
No Rent. The PFD shall not be required to pay the Club any rental fee for the PFD’s use of the District Offices and any conference rooms or public meeting space in the Ballpark. The PFD shall not be required to pay or reimburse the Club for any operating costs incurred by the Club with respect to electricity, heating, air conditioning, water, sewer use, or ordinary security requirements resulting from the PFD’s use of the District Offices and any conference rooms or public meeting space in the Ballpark.
No Rent. The Volunteer Association shall not be obligated to pay any rent or other Commented [TH10]: The Volunteer Association shall not be obligated to pay any rent for the use of the property for any activity that has been approved and scheduled with Xxxxx Parks. expense other than as specifically identified herein.
