Past Due Rent definition

Past Due Rent shall have the meaning set forth in Section 2.3(a).
Sample 1Sample 2
Past Due Rent as defined in the definition “U.S. Rent Reserve”.
Sample 1Sample 2
Past Due Rent. Holdover: Effectiveness of this Amendment. Notwithstanding anything to the contrary contained in the Sublease or this Amendment, Sublessee hereby acknowledges and agrees that it has not made various payments of rent that were payable to Sublessor and are now past due in the aggregate sum of Twenty Two Thousand Ninety-Five and 04/100 Dollars ($22,095.04) (the "Past Due Amount"), and Sublessee hereby agrees that it shall pay the entire Past Due Amount, in addition to all other rental payable hereunder as set forth in Section 2 above, on or before September 15, 1999 (the "Outside Date"). Sublessee further agrees that notwithstanding anything to the contrary contained in the Sublease or herein, if Sublessee fails to pay the Past Due Amount to Sublessor in immediately available funds on or before the Outside Date, then, at Sublessor's sole election, the extension of the term set forth in Section 1 shall be null and void and of no force or effect and Sublessee shall be considered to have a subtenancy at sufferance which may be terminable by Sublessor at any time in its sole discretion subject to all the terms contained in the Sublease, except that the minimum rent payable hereunder shall be equal to 200% of the last applicable monthly minimum rent, which shall not be prorated for any partial month. Acceptance of such rent shall not constitute a waiver by Sublessor of any re-entry or any rights of Sublessor nor shall it be deemed an extension or renewal of the Sublease term without a written election thereof by Sublessor. In addition, Sublessee shall be liable for all damages incurred by Sublessor as a result of such holdover.
Sample 1

Examples of Past Due Rent in a sentence

  • Past Due Rent Receivables (Consolidated) 61-90 Days 91-120 Days 121+ Days Total $2,000 $2,000 $150,878 $154,878 Most of our leases are structured as semi-annual payments.

  • Notwithstanding anything contained herein, in the event Subtenant does not exercise both of its renewal options under the Sublease, Guarantor’s obligation for the Past Due Rent that would otherwise be payable following the expiration of the term of the Sublease (unless the term of the Sublease terminates early due to a default by Subtenant, in which event Interest/Penalties would be due) shall not exceed the amounts set forth in paragraph 4(b) of the Sublease.

  • Notwithstanding the foregoing, for the purposes of this Fourth Amendment, Past Due Rent shall be irrevocably reduced by the sum of four thousand two hundred thirty one and 73/100 dollars ($4,231.73) for each month that Tenant makes payment of its monthly Rent by the fifth day of such month.

  • Buyer shall cooperate with Seller in its efforts to collect Past Due Rent but shall not be required to incur any cost with respect to such cooperation or take any action against any tenant to terminate the tenant’s lease or right to possession.

  • Landlord's Consent to this assignment will be effective upon Landlord's receipt of the entire Past Due Rent Amount.

  • Landlord will waive any claim to such Past Due Rent contingent upon timely payment of all Rent required to be paid under the Lease during the Lease Term and will forbear from exercising any rights or remedies arising as a result of Tenant's late payment and/or nonpayment of Past Due Rent as long as no Event of Default has occurred and is continuing under the Lease.

  • Buyer shall cooperate with Seller in its efforts to collect Past Due Rent but shall not be required to incur any cost with respect to such cooperation or take any action against any tenant to terminate the tenant's lease or right to possession.

  • Landlord and Tenant acknowledge and agree that as of the date of this Agreement, Tenant is indebted to Landlord in the total amount of $115,925.61 (the "Past Due Rent") representing accrued and unpaid Rent now owing by Tenant under the Lease.

  • Purchaser shall, at no cost to Purchaser, cooperate with Seller in its efforts to collect Past Due Rent but shall not be required to take any action against any tenant to terminate the tenant’s Lease or right to possession.

  • The Past Due Rent and the Commissions totalling $122,128.74 are sometimes hereinafter collectively referred to as the "Past Due Amounts".


More Definitions of Past Due Rent

Past Due Rent. If Lessee shall fail to pay any rents, additional rents or other charges characterized herein as additiona1 rent when the same become due and payable, such unpaid amounts shal1 bear interest from the due date thereof to the date of payment at the rata of five percent (5%} until paid. The provisions herein for late payment service charges shall not be construed to extend the dates for payment of any sums required to be paid by Lessee hereunder or to relieve Lessee of its obligation to pay all such sums at the time or times herein stipulated. Notwithstanding the imposition of any charges pursuant to this section, Lessee shall be in default under this Lease if any or all payments required to be made by Lessee are not made at the time therein stipulated and neither the demand nor collection by Lessor of such late payment service charges shall be construed as a cure for such default on the part of the Lessee. Lessor permits a ten (10) day grace period.
Sample 1
Past Due Rent means all rents for the Property past due;
Sample 1

Related to Past Due Rent

  • Past Due Rent Payment is defined in Section 2.2(g).

  • 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.

  • Base Rent As defined in Section 3.1.

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

  • 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;

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

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

  • 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.

  • 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%.

  • 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.

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

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

  • 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.

  • 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.

  • 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:

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • 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.

  • 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.

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

  • 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 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).

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

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

  • 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).

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.