Term Rent definition

Term Rent means, after the Commercial Operation Date, an annual amount equal to $XX escalating at X% annually. The Town acknowledges that this rent constitutes fair market value rent payable in an arms-length transaction.
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Term Rent means, after the Commercial Operation Date, an annual amount equal to the price contained in the Lessee’s Price Proposal, attached hereto as Exhibit D, subject to Consumer Price Index adjustments as provided in Section 4.2 hereof.
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Term Rent means, after the Commercial Operation Date, an annual amount equal to $XX escalating at X% annually. The Town acknowledges that this rent constitutes fair market value rent payable in an arms-length transaction.‌‌‌
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Examples of Term Rent in a sentence

  • Starting in 2019, Home Forward has started evaluating the feasibility of renewing these preferences to lease back to their original levels, and will continue to do so in 2020.In 2018, Home Forward was selected by A Home For Everyone and local government funders to administer the Long Term Rent Assistance (LRA) program.

  • In Row a, enter the total number of households served and the amount of HOPWA funds expended by each project sponsor on Short Term Rent, Mortgage, and Utility assistance (STRMU).

  • Administration cost for rent assistance = $800 per household per yearHome Forward, Portland’s housing authority, estimated that administrative costs were approximately $800 per household for their Short Term Rent Assistance (STRA) in FY 2017.

  • This includes clients who exited the program and re‐entered the program before the end of the reporting period.• STRA – Short Term Rent Assistance Program; administrated by HAP• Transitional Housing –o (The McKinney‐Vento Homeless Assistance Act As amended by S.

  • All of the costs associated with such audit shall be paid by Lessor; provided, however, that if such audit establishes that there has been an underpayment equal to or greater than five percent (5%) of the Extended Term Rent that in the aggregate should have been paid to Lessor for the calendar year which is the subject of such audit, then Lessee shall reimburse Lessor for all of its reasonable and verifiable out-of-pocket costs incurred in such audit.

  • Any Development Term Rent payable for less than a full year shall be prorated by Lessee on the basis of a 365-day year.

  • Lessor shall have the right to demand, in writing, an audit of the computation of the Extended Term Rent payable under clause (d) of Section 6.2.1 (the “Computation”), which audit shall be performed by an independent certified public accountant that is mutually agreeable to Lessor and Lessee (an “Accountant”).

  • Any Extended Term Rent under clause (a), (b), or (c) of Section 6.2.1 that is payable for less than a full calendar quarter shall be prorated by Lessee on the basis of a 91-day quarter, while any Extended Term Rent payable under clause (d) of Section 6.2.1 for less than a full calendar year shall be calculated based on the Gross Revenues actually received during such partial calendar year.

  • This includes clients who exited the program and re‐entered the program before the end of the reporting period. STRA – Short Term Rent Assistance Program; administrated by HAP Transitional Housing –o (The McKinney‐Vento Homeless Assistance Act As amended by S.

  • If any Development Term Rent is prepaid for any part of the Extended Term, then Lessee may credit a prorated portion of said Development Term Rent against any Extended Term Rent then or thereafter due to Lessor hereunder, as determined by Lessee.


More Definitions of Term Rent

Term Rent means, after the Commercial Operation Date, an annual amount equal to
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Term Rent means an annual rental amount equal to the amount for the applicable Contract Year set forth in Exhibit D .
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Term Rent is deleted in its entirety and is replaced by the following:
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Term Rent. The first 60 payment(s) each at $16,227.89; followed by 0 payment(s) each at $O; followed by 0 payment(s) each at $O; followed by 0 payment(s) each at $O; followed by 0 payment(s) each it $0.
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Related to Term Rent

  • 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).

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

  • Base Rent As defined in Section 3.1.

  • 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.

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

  • 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.

  • 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;

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

  • 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.

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

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

  • 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:

  • 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.

  • 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.

  • 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%.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • 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.

  • 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.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • 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.

  • Extension Term means the time period defined in §2.C.

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

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • 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).

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;