Accrued Rent definition

Accrued Rent means in respect of any LME Warrant and any day, the rent payable pursuant to the terms of such LME Warrant as at such day then accrued and unpaid.
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Accrued Rent. (a) For the period from the Effective Date through April ------------ 30, 2004, zero (0) and (b) for a particular Rent Calculation Year thereafter, an amount equal to (i) the Base Rent for such Rent Calculation Year, less (ii) the Current Rent for such Rent Calculation Year. One twelfth (1/12th) of the Accrued Rent for a particular Rent Calculation Year shall be deemed earned by Lessor on the first (1st) day of each month during such year.
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Accrued Rent. Any amount of Base Rent or Percentage Rent that is not paid by Lessee as and when the same becomes due and payable under the terms of this Lease, which Accrued Rent shall bear interest at the Base Rate until paid or otherwise discharged in accordance with this Lease.
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Examples of Accrued Rent in a sentence

  • In the first Extended Term, Base Rent, Current Rent and Accrued Rent shall be calculated using the method applicable during the last year of the Fixed Term.

  • During any such six (6) month period all the provisions of this Lease shall remain in full force and effect and Base Rent, Current Rent and Unpaid Accrued Rent shall not be abated or reduced during such period of taking.

  • The Rent shall be paid absolutely net to Lessor, --------- without any rights of deduction, set-off or abatement, so that this Lease shall yield to Lessor the full amount of the installments of Current Rent, Unpaid Accrued Rent and Additional Charges, throughout the Term, including, without limitation, any Extended Terms.

  • Continuity of Stockholder Interest.............................................................47 4.27.

  • Tenant shall pay to Lessor, in lawful money of the ---- United States of America which shall be legal tender for the payment of public and private debts, at Lessor's address set forth in Section 34.1 below or at ------------ such other place or to such other person(s), firm(s) or corporation(s) as Lessor from time to time may designate in writing, Current Rent, Unpaid Accrued Rent and Additional Charges during the Term, including, without limitation, any Extended Terms, as hereinafter provided.

  • If Tenant provides -------------------------------------- or arranges such financing, there shall be no adjustment in Base Rent, Current Rent or Unpaid Accrued Rent by reason of any such Capital Alteration.

  • In the event Tenant so elects to forego its aforesaid reimbursement from Lessor, during the Reimbursement Period, Current Rent and Accrued Rent allocable to such Facility shall be payable in the manner set forth in Section 3.1 of this Lease, but with each such component of ----------- Rent being reduced to one-half (1/2) of the respective amounts thereof that were allocable to such Facility as of the expiration of the Term as to such Facility.

  • Notwithstanding anything contained herein to the contrary, Excess Monthly Deposit Credits shall, upon their creation, be applied first, to reduce and satisfy any Accrued Rent and all accrued and unpaid interest thereon, until all Accrued Rent has been satisfied in full.

  • In consideration for the sale of the Stock in accordance with Section 2.01, at the Closing, Purchaser shall pay to the Stockholder an aggregate purchase price equal to $3,200,000 (the “Base Purchase Price”), minus $1,200,000 (the “Holdback Amount”), minus the Accrued Rent (the Base Purchase Price as so adjusted, the “Purchase Price”).

  • If Tenant provides or -------------------------------------- arranges such financing, there shall be no adjustment in Base Rent, Current Rent or Unpaid Accrued Rent by reason of any such Capital Alteration.


More Definitions of Accrued Rent

Accrued Rent. (a) For the period from the Effective Date through April ------------ 30, 2004, zero (0) and (b) for a particular Rent Calculation Year thereafter, an amount equal to (i) the Base Rent for such Rent Calculation Year, less (ii) the Current Rent for such Rent Calculation Year. One twelfth (1/12th) of the Accrued Rent for a particular Rent Calculation Year shall be deemed earned by Lessor on the first (1st) day of each month during such year. The Accrued Rent shall also include, as Accrued Rent that is owing hereunder and fully earned by Lessor, all Unpaid Accrued Rent, if any, that was owing as of the Effective Date under the Original Master Lease and attributable to the Leased Properties under this Lease pursuant to Section 40.15(a)(iii) of the Original Master Lease. ---------------------
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Accrued Rent means all accrued but unpaid rent on the Real Property of the Company.
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Accrued Rent means in respect of any Warrant and any day the rent payablepursuant to the terms of such Warrant as at such day then accrued and unpaid
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Accrued Rent means the Basic Rent that otherwise would be payable but for the provisions of Section 4.1(a) of the Lease.
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Accrued Rent means (i) the amount of Basic Rent which would have been ------------ payable pursuant to the definition of "Basic Rent" without reduction, however, for Average Cash Collateral Balance provided for in clause (y) of such definition, less (ii) the Basic Rent actually payable pursuant to the definition of Basic Rent.
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Accrued Rent means, as of any date of determination, the aggregate Accrued Supplement Rent under all of the Lease Supplements as of such date.
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Related to Accrued Rent

  • Accrued Obligations are (i) Executive’s accrued but unpaid salary through the date of termination, (ii) any unreimbursed business expenses incurred by Executive payable in accordance with the Company’s standard expense reimbursement policies, and (iii) benefits owed to Executive under any qualified retirement plan or health and welfare benefit plan in which Executive was a participant in accordance with applicable law and the provisions of such plan.

  • Accrued Obligation means the sum of (x) the Executive's Annual Base Salary through the Date of Termination for periods through but not following his Separation From Service and (y) any accrued vacation pay earned by the Executive subject to any applicable Company policies on carryover of accrued vacation pay, and in each case, to the extent not theretofore paid.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Accrued Amounts means:

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

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

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

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • 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;

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

  • Base Rent As defined in Section 3.1.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Severance Amount means:

  • 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.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

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

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

  • 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.

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