Basic Rent Date. (a) The first payment of Basic Rent shall be made on or prior to the Delivery Date, as a condition of the Delivery, in an amount equal to the product of (i) the monthly Basic Rent multiplied by (ii) a fraction (A) whose numerator is the number of days from and after the Delivery Date remaining in the month which includes the Delivery Date and (B) whose denominator is the total number of days in such month.
Appears in 5 contracts
Samples: Aircraft Lease Agreement (Air Transport Services Group, Inc.), Aircraft Lease Agreement (Air Transport Services Group, Inc.), Aircraft Lease Agreement (Air Transport Services Group, Inc.)
