New Gross Rents
New Gross Rents. Shall mean the annual total of all minimum rent, proforma operating expense reimbursements (projected to the reasonable satisfaction of Investor B Limited Partner and LPLP) and other recurring gross revenues receivable by the Partnership under a New Lease, but excluding (i) parking revenues other than Long-Term Parking Revenues, and (ii) Percentage Rents.
All Definitions
Found in
Liberty Property Trust contract