Premises Rent definition

Premises Rent shall be as follows: Lease Years: Rent PSF: Rent Per Lease Year: Quarterly Installments: 1 $15.00 $163,275.00 $40,818.75 2 $15.38 $167,356.88 $41,839.23 3 $15.76 $171,540.80 $42,885.21 4 $16.15 $175,829.32 $43,957.32 5 $16.56 $180,225.05 $45,056.25
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Premises Rent means the amount set out in Item 14 Percentage means percentage set out in Item 15 representing area taken up by the Premises as percentage of the total Building area excluding Common Areas Rent means the Premises Rent, the Car Park Rent and the Pro-Rated Percentage of the Building Expenses, and any other amounts payable by the Lessor as required by the Lease or as agreed between the parties Rent Review Dates means the dates identified in Item 16
Sample 1
Premises Rent means the amount paid by the City to the Authority under the Lease for use of the Project Site together with the reasonable expenses of the Authority in administering the Series 2012 Bonds.
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Examples of Premises Rent in a sentence

  • This provision shall apply to all hospitals that are designated or provisional trauma centers on July 1, 2007 and any hospitals that become a designated or provisional trauma center during State Fiscal Year 2007-2008.

  • Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month.

  • Premises Rent shall be twenty-five cents ($0.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY.

  • The Leased Premises Rent shall be payable by Lessee to LSU in twelve (12) equal monthly installments (the “Leased Premises Monthly Rent”), with the rent for the first two months of the Initial Term being due and payable on November 1, 2013, and the remaining installments being due and payable, respectively on the first (1st) day of each calendar month thereafter during the Term.

  • The Phase I revisions affected 37 items on the FFIEC 031, 33 items on the FFIEC 041, and 1,039 items on the FFIEC 051 (compared to the number of items collected on the FFIEC 041 prior to the creation of the FFIEC 051).8 Table 1 summarizes the overall number of changes already finalized and implemented in Phase I of the FFIEC’s Call Report burden-reduction initiative.

  • Finally, the forfeiture of the amount paid as goodwill in circumstances where the defendant will have both the property and the money amounts to a tacit contractual penalty contrary to the Contractual Penalties Act [ Chapter 8:04], leading to the defendant’s unjust enrichment.For its part, the defendant argued that s19 f the Commercial Premises (Rent) Regulations did not apply, or if it did, the interpretation made by the Supreme Court should not be the guiding principle in resolving the issue.

  • The matter fell within the precinct of the Commercial Premises (Rent) Regulations S.I.676/83, s19 of which proscribes extra payments apart from rent and security deposits.

  • DOES s19 OF THE COMMERCIAL PREMISES (RENT) REGULATIONS S.I. 676/1983 APPLY TO THE PARTIES’ TRANSACTION, AND IF SO, IS THE INTERPRETATION RENDERED BY THE SUPREME COURT IN GOODLIVING REAL ESTATE (PVT) LTD & ANOR (supra) RELEVANT?Section 19 of the Commercial Premises (Rent) Regulations applies to leases of commercial properties, and makes it illegal to levy any extra sums other than rent and security deposit on lease agreements.

  • If Landlord repairs or rebuilds the Premises, Rent will be abated proportionately during any period in which there is substantial interference with the operation of Tenant’s business.

  • Therefore, even on this other ground, the plaintiff’s claim for eviction is incompetent.The third reason why the plaintiff’s claim for eviction, or cause of action, is incompetent is for want of compliance with s 22 of the Commercial Premises [Rent] Regulations, SI 676/1983 [“the rent regulations”].


More Definitions of Premises Rent

Premises Rent means the rent paid by the Premises Tenant to the Lessee in respect of the Building;
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Premises Rent means Base Rent and Additional Rent.
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Related to Premises Rent

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • 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 Rent As defined in Section 3.1.

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

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • 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.

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

  • 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;

  • 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.

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

  • 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.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • 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:

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

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

  • 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.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • 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).

  • Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.

  • School premises means either of the following:

  • Room Rent Means the amount charged by a hospital for the occupancy of a bed on per day (24 hours) basis and shall include associated medical expenses.

  • the Premises means the building or part of the building booked and referred to in the contract