Variable Lease Payment definition

Variable Lease Payment means the part of the Lease Payments accrued by the Lessor for a specific Agreement depending on the size of the expenses of the Lessor incurred by it in connection with the conclusion and/or performance by the Lessor of such Agreement for a specific Lease Period, and/or the cost of any Additional Services provided by the Lessor under the relevant Agreement for a specific Lease Period and payable by the Lessee in accordance with clause 10.5 herein. The Lessor has the right to include the Lessor’s expenses and other amounts provided for in clause 10.4 of these General Terms and Conditions in the Variable Lease Payment, as well as other amounts, the reimbursement or payment of which by the Lessee to the Lessor is provided for by these General Terms and/or the relevant Agreement.
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Variable Lease Payment the amounts payable by Guangzhou Haiyuehui to Guangzhou Yuezhan for the right to use the Lease Properties during the term of the lease that varies due to changes in circumstances occurring after the Commencement Date “Yuexiu Elderly-Care” 廣州越秀養老產業投資控股有限公司(Guangzhou Yuexiu Elderly-Care Industry Investment Holdings Co., Ltd.*), a company incorporated in the PRC with limited liability, which is wholly-owned by GCCD * for identification purposes only By Order of the Board Yuexiu Property Company Limited Yu Tat Xxxx Company Secretary Hong Kong, 2 August 2019 As at the date of this announcement, the Board comprises: Executive Directors: XXX Xxxxxxxx (Chairman), XXX Xxxx, XX Xxxx, XXXX Xxxx and XXX Xxx Non-executive Director: XXXXXX Xxxxxxxxxx Independent Non-executive Directors: XX Xxx Fat Xxxxxx, XXX Xx Xxx and XXX Xxx Xxxxx
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Variable Lease Payment the amounts payable by CRP Investment to CRL Shenzhen for the right to use the Property during the term of the Lease Agreement that varies due to changes in circumstances occurring after the commencement date of the lease. * for identification purposes only By order of the Board CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED WANG Chuandong Chairman Hong Kong, 1 May 2021
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Examples of Variable Lease Payment in a sentence

  • As the highest applicable percentage ratio in respect of the highest total amount of the Variable Lease Payment for a year during the lease term is less than 0.1%, the Variable Lease Payment under the Lease Agreement constitutes a de minimis transaction pursuant to Rule 14A.76(1) of the Listing Rules and is fully exempt from shareholders’ approval, annual review and all disclosure requirements under Chapter 14A of the Listing Rules.

  • As such, under Chapter 14A of the Listing Rules, the transactions contemplated under the Lease Agreement and the Fixed Lease Payment constitute a one-off connected transaction of the Company, whereas the Variable Lease Payment will be regarded as a continuing connected transaction of the Company under Rule 14A.31 of the Listing Rules.

  • In the event the annual Management Fee or the annual Variable Lease Payment is likely to exceed the Annual Caps, Shoushi Changtai shall cooperate with Shouzhong Investment to comply with applicable Listing Rules and to obtain all necessary approvals and authorization, if required, in relation to the Agreement and the transactions contemplated thereunder.

  • The Management Fee and Variable Lease Payment were arrived at after arm’s length negotiation between the parties and were determined with reference to (i) terms in relation to the provision of service of similar nature in the market by or to independent third parties; (ii) the future development of the Project; and (iii) the operation experience and mode of parking project of industry/office park.

  • The Annual Caps for the annual Variable Lease Payment are determined after taking into account the following principal factors: (i) the future commercial development of Xxxxx’an Xxxxx, including the increase of enterprises, shops, brands and other tenants; (ii) the growth of traffic volumes of the Project; (iii) the value brought by parking service to the Project; and (iv) the synergistic effect of the Shougang Park and Xxxxx’an Xxxxx with the Project.

  • LISTING RULE IMPLICATIONS In accordance with HKFRS 16, the Group is required to recognize (i) the Lease Property as right-of-use asset, and as a result, the entry into of the Lease Agreement and the transactions contemplated thereunder will be regarded as acquisitions of assets by the Group pursuant to the Listing Rules; and (ii) the Variable Lease Payment as expenses incurred by the Group over the term of the Lease Agreement.

  • Under Chapter 14A of the Listing Rules, the transactions contemplated under the Lease Agreement and the Fixed Lease Payment constitute a one-off connected transaction of the Company, whereas the Variable Lease Payment will be regarded as a continuing connected transaction of the Company under Rule 14A.31 of the Listing Rules.

  • The Variable Lease Payment is linked to the Occupancy Rate, and will be recognized as expenses of the Group over the term of the Lease Agreement.

  • There is no revision of the Annual Caps for both the annual Management Fee and annual Variable Lease Payment, which shall be RMB6,000,000 per year.

  • In the event the annual Management Fee or the annual Variable Lease Payment is likely to exceed the Annual Caps, Shoushi Changtai shall cooperate with E Park Operation to comply with applicable Listing Rules and to obtain all necessary approvals and authorization, if required, in relation to the Amended Agreement and the transactions contemplated thereunder.

Related to Variable Lease Payment

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Purchase Payment A payment made toward this Contract.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

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

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • 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.

  • Allowance Date means the date on which a Claim becomes an Allowed Claim.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;