Renewal Rental Rate definition

Renewal Rental Rate means $* per annum. -------------------
Renewal Rental Rate means the Basic Rent payable for each month during a Renewal Term, which shall be the Basic Rent during the last year of the Initial Term, increased by two percent (2%) per annum for each year during the Renewal Term.
Renewal Rental Rate has the meaning set forth in paragraph (h) of Section 12 hereof.

Examples of Renewal Rental Rate in a sentence

  • The Renewal Rental Rate is hereby defined to mean the then prevailing rents (including, without limitation, those similar to the Basic Annual Rent and Additional Rent) payable by renewal tenants having a credit standing substantially similar to that of Tenant, for properties of equivalent quality, size, utility and location as the Premises, including any additions thereto, located within the area described below and leased for a renewal term approximately equal to the Renewal Term.

  • The Basic Rent payable per annum during any Fixed Renewal Term shall be the Renewal Rental Rate identified on Exhibit B.

  • The Basic Rent payable per annum during any Fixed Renewal Term shall be the lesser of (i) the then Fair Market Rental Value for the Aircraft and (ii) Renewal Rental Rate identified on Exhibit B.

  • The Renewal Rental Rate will take into consideration the tenant inducements offered in the renewal transactions considered by Landlord in determining the Renewal Rental Rate.

  • The Renewal Rental Rate is hereby defined to mean the then prevailing market rent (including, without limitation, those similar to the Base Monthly Rent and Additional Rent) for the Building as determined by Landlord.

  • The Renewal Rental Rate will take into consideration all prevailing tenant inducements and Landlord concessions then being offered in the market place in determining the Renewal Rental Rate.

  • The area with respect to which the Renewal Rental Rate will be determined is Far North Dallas submarket in Dallas, Texas for similar class and age of building.

  • Most of the Company's loan portfolio is financed through public debt securities, which, because of redemption features, have a shorter average maturity than the loan portfolio as a whole.

  • The Basic Rent payable for each month during such extended Term shall be the greater of (i) the then-current Basic Rent, or (ii) the prevailing rental rate at the commencement of such extended Term, for leases of space in the Building of equivalent quality, size, utility and location, with the length of the extended Term to be taken into account ("Market Rate") (the greater of [i] and [ii] is the "Renewal Rental Rate").

  • In the event that Tenant disputes Landlord's determination, Tenant shall so notify Landlord and advise Landlord of Tenant's determination of the Renewal Rental Rate for the Renewal Term as determined by the above formula ("Tenant's Notice").


More Definitions of Renewal Rental Rate

Renewal Rental Rate means $ * per annum. ------------------- --- __________________ * Indicates information deleted for confidentiality purposes. Exhibit B Certain Economic Information ---------------------------- * ___________________ * Indicates information deleted for confidentiality purposes. Exhibit C-1 Basic Rent Payment Schedule --------------------------- * ____________________ * Indicates information deleted for confidentiality purposes. Exhibit C-2 Basic Rent Allocation Schedule ------------------------------ * ____________________ * Indicates information deleted for confidentiality purposes. Exhibit D Termination Values ------------------ * _________________ * Indicates information deleted for confidentiality purposes. Exhibit E List of Countries - Permitted for Re-Registration and Subleasing ---------------------------------------------------------------- Australia Italy Austria Japan Belgium Luxembourg Canada Netherlands Denmark New Zealand Finland Norway France Portugal Germany Sweden Iceland Switzerland Ireland United Kingdom Exhibit F RETURN CONDITIONS ----------------- *
Renewal Rental Rate means the rate being charged to tenants for comparable space by Landlord in the Building (or, if not enough comparable transactions exist in the Building, then the rate being charged to tenants for comparable space in, as reasonably determined by Landlord, comparable buildings in the vicinity of the Building), with similar amenities, taking into consideration the size, location, floor level, the proposed term of the Option Term, the extent of the services to be provided and any other relevant terms and conditions in each instance including "tenant concessions," if any, then being offered to prospective tenants in the Building or comparable buildings. The term "TENANT CONCESSIONS" shall include, without limitation, so-called free rent, tenant improvement allowances, and other tenant inducements, taking into account the value of the existing improvements in the Premises, based on the age, quality and layout of the improvements. The Renewal Rental Rate will be an effective rate, not specifically including, but accounting for, the appropriate tenant concessions described above.
Renewal Rental Rate shall have the meaning set forth in Section 2.7.
Renewal Rental Rate means $* per annum. Exhibit C Basic Rent ---------- Basic Rent Payment Date Amount ----------------------- ------ Confidential treatment requested for omitted information. Omitted information has been filed separately with the Commission. Exhibit D Termination Values ------------------ Termination Date Termination Value ---------------- ----------------- Confidential treatment requested for omitted information. Omitted information has been filed separately with the Commission. Exhibit E Lists of Countries - Permitted for Re-Registration and Subleasing Australia Italy Austria Japan Belgium Luxembourg Canada Netherlands Denmark New Zealand Finland Norway France Spain Germany Sweden Greece Switzerland Iceland United Kingdom Ireland Exhibit F RETURN CONDITIONS The portion of this Exhibit appearing below this text is intentionally deleted from the FAA filing counterpart as the parties hereto deem it to contain confidential information.
Renewal Rental Rate means the rate being charged to new tenants for comparable space by Landlord in the Building or, if not enough comparable transactions exist in the Building, then the rate being charged to new tenants for comparable space in similar buildings in the Newport Beach/Corona del Mar area with similar amenities taking into consideration the size, location, floor level, the proposed term of the Option Term, the extent of the services to be provided and any other relevant terms and conditions in each instance disregarding "tenant concessions", if any, then being offered to prospective new tenants in the Building or comparable buildings. The term "tenant concessions" shall include, without limitation, so-called free rent, tenant improvement allowances, lease takeovers, etc. All Rent payable during the Option Term shall be payable in the same manner and under the same terms and conditions as Rent is paid during the Initial Term.
Renewal Rental Rate. The Renewal Rental Rate is hereby defined to mean the then prevailing rents (including, without limitation, those similar to the Basic Annual Rent) payable by renewal tenants having a credit standing substantially similar to that of Tenant, for premises of equivalent quality, size, utility and location as the Premises, including any additions thereto, located within the Building and leased for a renewal term approximately equal to the Renewal Term. The Renewal Rental Rate will take into consideration, and Tenant shall be entitled to, the tenant inducements offered in the renewal transactions considered by Landlord in determining the Renewal Rental Rate.

Related to Renewal Rental Rate

  • Market Rental Rate means the rate of Base Rent, calculated on a triple net basis, being charged for a new lease for comparable space (including all relevant factors such as size, age, location and condition of the premises and improvements in place therein) within buildings (including, but not limited to, the Building) within the Northwest Quadrant of Austin, Texas during the previous six (6) months. Within thirty (30) days after receipt of Tenant’s renewal notice (and any required supporting information), Landlord shall notify Tenant in writing of the Market Rental Rate. Within fifteen (15) days thereafter, Tenant shall notify Landlord that Tenant either (a) accepts Landlord’s renewal terms, in which event the parties shall promptly enter into an amendment to this Lease incorporating such terms or (b) rejects Landlord’s renewal terms. Failure of Tenant to respond within such fifteen (15) day period shall be deemed a rejection of Landlord’s terms. If Tenant rejects Landlord’s renewal terms, then within ten (10) days of such rejection, Landlord will (i) select a M.A.I. appraiser; (ii) Tenant will select a M.A.I. appraiser; and (iii) the two appraisers so selected shall agree upon a third M.A.I. appraiser (the “Third Appraiser”). Within thirty (30) days after the date the Third Appraiser is appointed: (x) the M.A.I. appraiser selected by Landlord shall submit a recommendation of the Market Rental Rate to the Third Appraiser; (y) the M.A.I. appraiser selected by Tenant shall submit a recommendation of the Market Rental Rate to the Third Appraiser; and (z) the Third Appraiser shall decide between the two recommendations so submitted, and the Market Rental Rate selected by the Third Appraiser shall be binding upon the parties. Each party will pay the cost of its own appraiser and one-half of the cost of the Third Appraiser. The failure of Tenant to exercise the Renewal Option within the time period set forth herein shall constitute a waiver and termination of such Renewal Option. This Renewal Option is personal to Tenant and is not assignable to any third parties, other than an affiliate of Tenant.

  • 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;

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

  • 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.

  • 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.

  • 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%.

  • Fair Market Rent for the Subject Leased Property means for any Renewal Term shall mean an amount determined as follows: Landlord shall designate an independent MAI appraiser to determine the Fair Market Rent of the Subject Leased Property for the applicable Renewal Term within twenty (20) days after Tenant’s notice of its exercise of the applicable renewal option. Within thirty (30) days after selection of Landlord’s appraiser, Landlord shall notify Tenant of the determination made by Landlord’s appraiser with respect to the Fair Market Rent. Tenant shall then have ten (10) days to dispute such determination and to select its own independent MAI appraiser. In the event that Tenant fails to select its appraiser within such ten (10) day period, the determination of Landlord’s appraiser shall constitute such Fair Market Rent. Within ten (10) days after selection of Tenant’s appraiser, the two appraisers shall meet and attempt to agree as to the Fair Market Rent for the Subject Leased Property for the Renewal Term in question. In the event that such appraisers are unable to agree as to such Fair Market Rent then: (i) if the difference between the two determinations is less than five percent (5%) of the lower determination, then the average of the two determinations shall be deemed to constitute such Fair Market Rent; or (ii) if the difference between the two determinations is equal to or greater than five percent (5%) of the lower determination, then the two appraisers shall jointly select a third independent MAI appraiser, which appraiser shall select which of the determinations of the first two appraisers shall constitute such Fair Market Rent. Such third appraiser shall not have the right to vary or modify the determinations of the appraisers selected by Landlord and Tenant. Any appraiser selected pursuant to this paragraph must have at least ten (10) years experience in appraising commercial real estate in the area in which the Subject Leased Property is located. The appraisers shall not have the right to amend, modify or vary any of the terms of this Lease and the determination of the appraisers in accordance with this paragraph shall be final, binding and conclusive upon Landlord and Tenant. ]