Master Rent definition

Master Rent means an amount equal to (i) the aggregate Base Rent (as defined in the Property Leases) and all Additional Rent (as defined in the Property Leases), charges and other amounts payable under each of the Property Leases per month of the Term, less (ii) the amount of Base Rent, Additional Rent, charges and other amounts due and payable under the Property Leases for such month of the Term that was actually paid by the Alterra Lessees, the Lease Guarantor (as defined in the Property Leases) or Guarantor to the Provident Lessors (or offset against rent paid to applicable Facility Mortgagees in accordance with the terms of the Property Leases).
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Master Rent means, (i) for each month during the period beginning August 1, 2002 and continuing through January 31, 2003, 1.0208% of Capstead Equity, or (ii) for each month following January 31, 2003, one and one-quarter percent (1.25%) of Capstead Equity, calculated on the basis of a 360 day year and the actual number of days elapsed.
Sample 1
Master Rent means an amount equal to (i) the aggregate Base Rent and all Additional Rent (as defined in the Property Leases), charges and other amounts due and payable under each of the Property Leases during the Term, less (ii) the amount of Base Rent, Additional Rent, charges and other amounts due and payable under the Property Leases during the Term that was actually paid by the SCT Lessees, Lease Guarantor, or any guarantor pursuant to the Balanced Care Guaranty (including but not limited to any Guarantor Rent Payment actually received by the Ventas Lessors under the Property Leases).
Sample 1

Examples of Master Rent in a sentence

  • The Master Rent shall be paid in arrears on the first (1st) day of each calendar month for the immediately preceding month.

  • In the event of such termination, all references to the "Facilities" and the "Property Leases" under this Agreement shall be deemed to exclude those Facilities as to which the Brookdale Lessees have terminated the Property Leases, and the Master Rent payable hereunder shall be adjusted by excluding from the calculation of Master Rent the amount of Base Rent due under any such terminated Property Lease.

  • The Master Rent shall be paid in arrears on the first (1st) day of each calendar month for the immediately preceding month, or if such day is not a Business Day, the immediately preceding Business Day.

  • Table 7SUMMARY OF SPACE ALLOCATIONEXISTING UNIVERSITY VLLAGE SHOPPPING CENTER, MAY 2009Expressed in Gross Leasable Area (GLA) Tenant TypesSource: Master Rent Roll for University Village as provided by Real Estate & Asset Management Department, USC; HR&A Advisors, Inc.; W & W, Inc.

  • At the Closing, Purchaser shall pay each of the Purchase Price and the December Master Rent by wire transfer of immediately available federal funds to an account designated in writing by Seller.

  • In the event of such termination, all references to the "Facilities" and the "Property Leases" under this Agreement shall be deemed to exclude those Facilities as to which the Alterra Lessees have terminated the Property Leases, and the Master Rent payable hereunder shall be adjusted by excluding from the calculation of Master Rent the amount of Base Rent due under any such terminated Property Lease.

  • Notwithstanding anything to the contrary contained in this Paragraph 4(c), in no event shall SCT Holdings have any obligation to pay interest to VRLP on any overdue amounts (including, without limitation, on the Master Rent) to the extent any SCT Lessee has paid interest on such overdue amount under the applicable Property Lease, and, to the extent VRLP and any Ventas Lessor each collect interest on the same overdue amount, VRLP shall promptly refund such interest payment to SCT Holdings.

  • However the application instructions inform the applicant that upon nomination, the Governor shall receive a complete copy of the nominee’s application, both public and confidential portions.

  • The provisions of the Non Disclosure Agreement attached as Exhibit G of the Distribution Agreement shall apply to this Master Rent, mutatis mutandis.

  • This Equipment Schedule as it incorporates the terms of the Master Rent and each schedule, exhibit and rider attached hereto is referred to as this “Rent”.

Related to Master Rent

  • 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.

  • 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%.

  • 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.

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

  • Base Rent As defined in Section 3.1.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • 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:

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

  • 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).

  • 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.

  • Customer Premises means premises owned, controlled or occupied by the Customer which are made available for use by the Supplier or its Sub-Contractors for provision of the Services (or any of them);

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

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

  • 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.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • 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.

  • industrial premises means any place or premises (not being a private dwelling house), including the precincts thereof, in which or in any part of which any industry, trade, business, occupation or manufacturing is being ordinarily carried on with or without the aid of power and includes a godown attached thereto;

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Sublessor means one who conveys real property by sublease."

  • Lessee's Share is defined, for purposes of this Lease, as the percentage set forth in paragraph 1.10 of the Basic Lease Provisions, which percentage has been determined by dividing the approximate square footage of the Premises by the total approximate square footage of the rentable space contained in the Office Building Project. It is understood and agreed that the square footage figures set forth in the Basic Lease Provisions are approximations which Lessor and Lessee agree are reasonable and shall not be subject to revision except in connection with an actual change in the size of the Premises or a change in the space available for lease in the Office Building Project.

  • For Rent or "For Sale" thirty (30) days before the termination of this Lease. Landlord may enter the Premises at reasonable hours to exhibit same to prospective purchasers or tenants and to make repairs required of Landlord under the terms hereof, or to make repairs to Landlord's adjoining property, if any.