Adjustments to Basic Rent. The Basic Rent shall be adjusted upwards on each Basic Rent Payment Date by an amount, determined by Agent and notified to Lessor and Lessee prior to the Basic Rent Payment Date, which represents the amount of interest due and payable on the Loans relating to the Aircraft on such Basic Rent Payment Date and determined in accordance with the Credit Agreement.
Appears in 6 contracts
Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)
Adjustments to Basic Rent. The Basic Rent shall be adjusted upwards on each Basic Rent Payment Date by an amount, determined by Agent and notified to Lessor and Lessee prior to the Basic Rent Payment Date, which represents the amount of interest due and payable on the Loans relating to the Aircraft and the Spare Engines on such Basic Rent Payment Date and determined in accordance with the Credit Agreement.
Appears in 3 contracts
Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)
Adjustments to Basic Rent. The Basic Rent shall be adjusted upwards on each Basic Rent Payment Date by an amount, determined by the Agent and notified to the Lessor and the Lessee prior to the Basic Rent Payment Date, which that represents the amount of interest due and payable on the Loans relating to the Aircraft on such Basic Rent Payment Date and determined in accordance with the Credit Agreement.
Appears in 2 contracts
Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc)
Adjustments to Basic Rent. The Basic Rent shall be adjusted upwards on each Basic Rent Payment Date by an amount, determined by the Agent and notified to the Lessor and the Lessee prior to the Basic Rent Payment Date, which that represents the amount of interest due and payable on the Loans relating to the Aircraft Engines on such Basic Rent Payment Date and determined in accordance with the Credit Agreement.
Appears in 1 contract
Samples: Lease Agreement (Atlas Air Inc)
Adjustments to Basic Rent. The Basic Rent shall be adjusted upwards on each Basic Rent Payment Date by an amount, determined by Agent and notified to Lessor and Lessee prior to the Basic Rent Payment Date, which represents the amount of interest due and payable on the Loans relating to the Aircraft on such Basic Rent Payment Date and determined in accordance with the Credit Agreement.and
Appears in 1 contract
Samples: Lease Agreement (Atlas Air Inc)