Minimum Base Rent definition

Minimum Base Rent means the fixed minimum annual rent for any given year (which includes Landlord's stipulated base operating expenses and taxes and also includes any rent due for must-take space in years in which rent on such space is due) provided in the lease for office space or commercial plaza space, excluding any and all other additional rent (such as, but not limited to, operating expense escalations, tax escalations, payments for tenant improvements in excess of building standing provided by Landlord, percentage rent, cost-of-living escalation or parking).
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Minimum Base Rent. The Minimum Base Rent payable during the first and second Lease Years is $75,600.00 per annum payable in equal monthly installments in advance of $6,300.00. The Minimum Base Rent payable during the third Lease Year is $78,624.00 per annum payable in equal monthly installments in advance of $6,552.00 The Minimum Base Rent payable during the
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Minimum Base Rent. The Minimum Base Rent payable for the period beginning on March 1, 1994 and ending on February 28, 1996 is $75,600.00 per annum payable in equal monthly installments in advance of $6,300.00 The Minimum Base Rent payable during the period from March 1, 1996 to December 31, 1996 is $78,624.00 per annum payable in equal monthly installments in advance of $6,552.00. The Minimum Base Rent payable during the
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Examples of Minimum Base Rent in a sentence

  • Proposals can also identify other rent proposed to be paid, such as annual rent for an O&M building, to make the rent paid to the State comparable to that paid to private landowners in the same project.1. Minimum Base Rent: as described in Section 9.1.1; AND2.

  • During Lease Years 13 to 22: (Operation Period Years 11 through 20)The amount by which 5.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations exceeds Minimum Base Rent.

  • The Developer will pay the Port the greater of the Minimum Base Rent or the Percentage Rent.

  • During Lease Years 8 to 12 (Operation Period Years 6 to 10)The amount by which 4.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations exceeds Minimum Base Rent.

  • The intent of this proposal is to ascertain the highest bid for lease of space on the above- referenced property for placement of a telecommunications antenna installation for up to twenty- five years based upon the Minimum Base Rent, as well as annual percentage increases pursuant to Paragraph nine (9).

  • During Lease Years 51 to 66: (Extension Period Years 49 to 64)The amount by which 6.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations exceeds Minimum Base Rent.

  • During Lease Years 3 to 7: (Operation Period Years 1 to 5)The amount by which 3.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations (Teatro ZinZanni’s Operations on the Site) exceeds Minimum Base Rent.

  • The Minimum Base Rent of $890,000 is set for Lease Years 1 and 2, when the development’s improvements are being constructed.

  • At the end of every 10-year interval of the Lease Term Operation Period, (beginning in the 13th Lease Year, Hotel Operation Period Year 11), the Minimum Base Rent will be reset to the greater of (a) then existing CPI-adjusted Minimum Base Rent or (b) 65% of the average of the five prior years percentage rents actually paid to the Port.

  • During Lease Years 23 to 50: (Operation Period Years 21 through 48)The amount by which 6.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations exceeds Minimum Base Rent.


More Definitions of Minimum Base Rent

Minimum Base Rent means the annual Minimum Base Rent due and payable by the Lessee on a monthly basis for the use of the subject Property and which commences at $80,000 per annum.
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Minimum Base Rent the base rent to be paid by Tenant to Landlord on a monthly basis throughout the Lease Term, and which shall be two thousand five hundred dollars ($2,500.00) per month adjusted annually by the Inflation Factor. Mortgage: a mortgage or deed of trust. Mortgagee: the holder of a mortgage or deed of trust.
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Minimum Base Rent means the annual Minimum Base Rent due and payable by the Lessee on a monthly basis for the use of the subject Premises and shall have the sum ascribed to it in Section 4.1.1 .
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Minimum Base Rent has the meaning set forth in Section 601(A)(3) of this Lease.
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Minimum Base Rent means the rent reserved for the Initial Term (not including any Option Term) of $1,128,786.75, which amount is payable in monthly installments as follows: Months During Term Rent Per Sq. Ft. Monthly Installments Of Minimum Base Rent 1 through 12 (Lease Year 1)* $ 19.50 $ 8,958.63 13 through 24 (Lease Year 2) $ 19.50 $ 8,958.63 25 through 36 (Lease Year 3) $ 19.50 $ 8,958.63 37 through 48 (Lease Year 4) $ 19.50 $ 8,958.63 49 through 60 (Lease Year 5) $ 19.50 $ 8,958.63 61 through 72 (Lease Year 6) $ 21.45 $ 9,854.49 73 through 84 (Lease Year 7) $ 21.45 9,854.49 85 through 96 (Lease Year 8) $ 21.45 $ 9,854.49 97 through 108 (Lease Year 9) $ 21.45 $ 9,854.49 109 through 120 (Lease Year 10) $ 21.45 $ 9,854.49 * Minimum Base Rent is abated during the Abated Rent Period. Minimum Base Rent during any Option Term means the aggregate annual Minimum Base Rent for each Lease Year during such Option Term calculated as provided in Exhibit C attached hereto, and such Minimum Base Rent shall be payable in monthly installments as provided in Exhibit C attached hereto.
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Related to Minimum Base Rent

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

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

  • 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.

  • 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).

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • 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:

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

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

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

  • 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 Fixed Rent See Exhibit A, and Section 3.1.

  • 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 DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • 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).

  • 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.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Hourly Work Requirement means the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • 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;

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