Fixed Base Rent definition

Fixed Base Rent shall have the meaning provided in Section 3.1(a).
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Fixed Base Rent means annual base rent for the Term payable as follows: Lease Year Annual Fixed Base Rent Monthly Installments $ PSF 1 $ 1,125,511.50 $ 93,792.62 $ 30.75 2 $ 1,143,812.50 $ 95,317.71 $ 31.25 3 $ 1,162,113.50 $ 96,842.79 $ 31.75 4 $ 1,180,414.50 $ 98,367.87 $ 32.25 5 $ 1,198,715.50 $ 99,892.96 $ 32.75 6 $ 1,217,016.50 $ 101,418.04 $ 33.25 7 $ 1,235,317.50 $ 102,943.12 $ 33.75 8 $ 1,253,618.50 $ 104,468.21 $ 34.25 9 $ 1,271,919.50 $ 105,993.29 $ 34.75 10 $ 1,290,220.50 $ 107,518.37 $ 35.25
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Fixed Base Rent the fixed base rent payable by the Subtenant to the Sublandlord under the Sublease Agreement
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Examples of Fixed Base Rent in a sentence

  • In accordance with HKFRS 16 “Leases”, the Group will recognize the value of the right-of-use asset on its consolidated statement of financial position in connection with the Fixed Base Rent in relation to the sublease of the Premises under the Sublease Agreement.

  • The annual Fixed Base Rent due for any period of less than a full twelve-month period, and any installment of the Fixed Base Rent due for any period of less than a full month, and semi-annual PILOT payment due for any period less than six months, shall be appropriately apportioned.

  • Accordingly, the payment of the Fixed Base Rent under the Sublease Agreement is regarded as an acquisition of right-of-use asset by the Subtenant which will constitute a one-off connected transaction of the Company under Chapter 14A of the Listing Rules.

  • Fixed Base Rent shall be increased annually by three percent (3%) throughout the Term, as of the anniversary of the first day of the first full calendar month following the Commencement Date (the “Adjustment Rent”).

  • During each calendar year or partial calendar year after the Base Year, Tenant shall pay to Landlord, in advance concurrently with each monthly installment of Fixed Base Rent, an amount equal to such estimated additional Rent for such calendar year or part thereof divided by the number of months therein.

  • The Yearly Fixed Base Rent during the term set forth in paragraph 2 herein shall be $214,287.50, payable in monthly installments of $17,857.29.

  • If Tenant holds over the Premises, or any part thereof, after the expiration of the Lease Term, such holding over shall constitute a month to month tenancy at a rental equal to the rental paid for the last month of the Lease Term including not only the Fixed Base Rent but also Operating Expenses, plus fifty percent.

  • The value of the right-of-use asset recognized by the Group in relation to the Fixed Base Rent under the Sublease Agreement amounts to approximately US$395,000 (equivalent to approximately HK$3.08 million), which is the present value of the Fixed Base Rent payable during the term of the Sublease Agreement in accordance with HKFRS 16.

  • Accordingly, the payment of the Fixed Base Rent under the Sublease Agreement is regarded as an acquisition of right-of-use asset by the Subtenant which constitutes a one-off connected transaction of the Company under Chapter 14A of the Listing Rules.

  • The Yearly Fixed Base Rent during the Extension Term shall be $248,850, payable in monthly installments of $20,737.50.


More Definitions of Fixed Base Rent

Fixed Base Rent means annual base rent for the Term payable as follows: LEASE YEAR MONTHLY ANNUALIZED RENTAL RATE ANNUAL RATE PER SQUARE FOOT Year 1 Months 1-4 Months 5-12 $22,420.48 $44,840.96 $269,045.75 $538,091.49 $12.87 $25.73 Year 2 $46,078.31 $552,939.72 $26.44 Year 3* $46,949.69 $563,396.22 $26.94 *Lease Year 3 shall consist of fourteen (14) months.
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Fixed Base Rent means from the Commencement Date through and including the 60th full calendar month after the Commencement Date, a monthly amount equal to Fifteen Thousand Four Hundred Sixteen and 67/100 Dollars ($15,416.67).
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Related to Fixed Base Rent

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

  • 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 Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

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

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

  • 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%.

  • 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:

  • 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.

  • 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).

  • 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.

  • 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;

  • 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.

  • 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;

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

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

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • 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).

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

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

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • 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.

  • 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.

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

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

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