Quarterly Rent definition

Quarterly Rent means the rent payable by the Service Provider for relevant quarter of the year as per Annex-C;
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Quarterly Rent. Notwithstanding Section 2 of the Master Equipment Lease, Customer and LeaseNet acknowledge and agree that Rent payable under this Schedule shall be paid quarterly rather than monthly, quarterly rent shall be due and payable in advance on the first day of each calendar quarter, and the first payment shall be a pro rata portion of the quarterly rental charge calculated on a ninety day basis and shall be due and payable when invoiced by LeaseNet . The terms of this Schedule shall be interpreted so as to be consistent with the intention of the parties that rental be paid on a quarterly basis.
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Quarterly Rent as defined in Section 2.1(a) hereof.
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Examples of Quarterly Rent in a sentence

  • The term "Basic Rent" refers collectively to the Quarterly Rent and the Annual Rent, as each may be adjusted from time to time, The parties stipulate that the Basic Rent reflects the fair rental value of the Property for the Lease Term.

  • In the event that the Owner Participant and the Lessee shall not agree on the Per Diem Rent Factor (if applicable), Quarterly Rent Factor and the percentages to be used in the calculation of Termination Value, such proposed Funding shall be postponed until such time as the Owner Participant and the Lessee shall so agree, provided that the Funding Date shall not be postponed past April 30, 2005.

  • In addition to the Minimum Quarterly Rent, as increased, Tenant shall pay to the parties respectively entitled thereto all impositions, insurance premiums, Taxes (as defined in Article 4), operating charges, maintenance charges, construction costs, accounting and legal fees, and any other charges, costs and expenses which arise or may be contemplated under any provision of this Lease during the Lease Term (collectively, the “Impositions”).

  • Tenant shall have no right to exercise the Right of First Offer if (a) this Lease has expired or been terminated, (b) Tenant is in Default under this Lease as of the date Tenant attempts to exercise such Right of First Offer, (c) Tenant has been more than 15 days delinquent in the payment of Minimum Quarterly Rent on 3 or more occasions during any calendar year of the Lease Term, or (d) this Lease shall be assigned by Tenant.

  • Each Compliance Certificate delivered by or on behalf of the Company pursuant to Clause 18.2 (Compliance Certificate) shall include a confirmation that the most recent Company In-Place Quarterly Rent Tape attached to the Compliance Certificate is true, complete and accurate in all material respects and has been reviewed and approved by a senior officer of the Guarantor.

  • From and after the Commencement Date, Assignee shall make all payments to the “Master Landlord” (refer to Annexure II) of Base Quarterly Rent as given under Annexure II hereto.

  • Thereafter, Tenant shall pay Landlord Quarterly Rent commencing on January 1, 2001 and continuing on the first day of each April, July and October of each calendar thereafter during the Lease Term, without any offset or deduction except as provided in section 2.7 herein.

  • Borrower's compliance with the Quarterly Rent Expense Ratio covenant for the fiscal quarters ended September 30, 1999, and December 30, 1999.

  • This Lease is what is commonly called a “triple net lease,” it being understood that Landlord shall receive the Minimum Quarterly Rent free and clear of any and all Taxes, other Impositions, liens, charges, or expenses of any nature whatsoever incurred in connection with the ownership and operation of the Premises.

  • Each Compliance Certificate delivered by the Company pursuant to Clause 18.2 (Compliance Certificate) shall include a confirmation that the most recent Company In-Place Quarterly Rent Tape attached to the Compliance Certificate is true, complete and accurate in all material respects and has been reviewed and approved by a senior officer of the Guarantor.


More Definitions of Quarterly Rent

Quarterly Rent means 1/4 of the total annual rent of the corresponding year; “Monthly rent” means 1/12 of the total annual rent of the corresponding year; and “Daily rent” means 1/365 of the total annual rent of the corresponding year. Payment amount of rent (this lease amount is calculated according to the actual measurement area) Year The first four years (Thousand) The second four years (Thousand) The third four years (Thousand) The fourth four years (Thousand) The fifth four years (Thousand) Total (Thousand) Annual rent 20,000m2*0.6*365 =4,380 20,000m2*0.7*365 =5,110 20,000m2*0.8*365 =5,840 20,000m2*0.9 *365 =6,570 20,000m2*1.0*365 =7,300 Total amount of four years 17,520 20,440 23,360 26,280 29,200 116,800 Except for the rent and amounts explicitly agreed in the contract, Party B will not pay other expenses to Party A. Within 15 days after signing the contract, Party B shall pay RMB300 Thousand to Party A, such amount is the xxxxxxx money and will automatically offset the first quarterly rent payable by Party B upon the official rent commencement date. If Party B fails to lease by breach of contract, such amount will not be refunded by Party A; if Party A fails to lease to Party B by breach of contract, then such amount shall be refunded in double.
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Quarterly Rent means, for any fiscal quarter, the Company’s Annualized Rent divided by four.
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Quarterly Rent and “Annualized Rent” shall each be determined in accordance with GAAP as applied and reflected in the Company’s related consolidated financial statements as of the relevant dates or relevant periods, except as provided in the next sentence. If, because of a change in GAAP that results in the cumulative effect of a change in accounting principle or a restatement, the Leverage Ratio is higher or lower than it would have been absent that change, then, for purposes of this Agreement, commencing with the fiscal quarter for which that change in GAAP became effective, the Leverage Ratio shall be calculated on a pro forma basis as if that change had not occurred.
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Quarterly Rent as defined in Section 2.1(a) hereof. Related Entity: a Person (1) which directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, Lessee, (2) which beneficially owns or holds 5% or more of any class of the Voting Stock of Lessee, (3) 5% of the Voting Stock (or in the case of a Person which is not a corporation, 5% or more of the equity interest) of which is beneficially owned or held by Lessee or a Subsidiary or (4) which is a Subsidiary. The term "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. Remaining Base Value: the excess, if any, of the Base Value over the product of the Base Value times the Cumulative Allocation Ratio.
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Quarterly Rent means 1/4 of the total annual rent of the corresponding year; “Monthly rent” means 1/12 of the total annual rent of the corresponding year; and “Daily rent” means 1/365 of the total annual rent of the corresponding year.
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Related to Quarterly Rent

  • 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.

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

  • 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 Rent As defined in Section 3.1.

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

  • 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 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:

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • 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.

  • 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.

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

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

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

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • 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;

  • Quarterly reporting period means the three-month period covered by each

  • Base Year means the period set forth in Section 5 of the Summary.

  • 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.

  • Expense Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

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