Common use of ACCRUAL OF RENT Clause in Contracts

ACCRUAL OF RENT. Rent shall be considered as accruing from day to day hereunder from the Commencement Date and where it becomes necessary for any reason to calculate Rent for an irregular period, an appropriate apportionment or adjustment shall be made on a per diem basis, based upon a period of three hundred and sixty-five (365) days.

Appears in 2 contracts

Samples: Thomas Equipment (Maxim Mortgage Corp/), Thomas Equipment (Maxim Mortgage Corp/)

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ACCRUAL OF RENT. Rent shall be considered as accruing from day to day hereunder from the Commencement Date Date, and where it becomes necessary for any reason to calculate Rent for an irregular periodperiod of less than 1 year or less than 1 calendar month, an then appropriate apportionment or and adjustment shall be made on a per diem basis, basis based upon a period of three hundred and sixty-five (365) 365 days.. 4.05

Appears in 1 contract

Samples: Indemnificatton Agreement (Catalina Lighting Inc)

ACCRUAL OF RENT. Rent shall be considered as accruing from day to day hereunder from the Commencement Date and where it becomes necessary for any reason to calculate such Rent for an irregular period, period during the relevant Accounting Period an appropriate apportionment or and adjustment shall be made on a per diem basis, basis based upon a period of three hundred and sixty-five (365) daysthe relevant Accounting Period.

Appears in 1 contract

Samples: Indenture (Polar Wireless Corp.)

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ACCRUAL OF RENT. Rent shall be considered as accruing from day to day hereunder from the Commencement Date Date, and where it becomes necessary for any reason to calculate Rent for an irregular periodperiod of less than one year or less than one calendar month, an then appropriate apportionment or and adjustment shall be made on a per diem basis, basis based upon a period of three hundred and sixty-five (365) 365 days.

Appears in 1 contract

Samples: Lease

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