Gross Annual Rent

Example Definitions of "Gross Annual Rent"
Gross Annual Rent. (a) as to each TIP, the Initial Lease Rent and (b) as to any other Property, the monthly rent, as of the applicable Closing Date, payable by the Eligible Tenant of the applicable Property pursuant to an Eligible Lease (net of any incentive rent), in each case, multiplied by twelve (12)
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