Conditions Precedent, Payment of Basic Rent Sample Clauses

Conditions Precedent, Payment of Basic Rent. At the end of the Basic Term or any Renewal Term, if Lessee has elected to renew this Lease as aforesaid, (i) this Lease shall continue in full force and effect during the Renewal Term and (ii) Basic Rent for such Renewal Term shall be payable in semi-annual installments in arrears, each such installment being due and payable on each Rent Payment Date occurring during the Renewal Term, commencing with the Rent Payment Date immediately following the commencement of the Renewal Term, provided that Basic Rent for such Renewal Term shall be payable at such other frequency of payment consistent with the length of the Renewal Term as Lessor may reasonably designate in the event that such period is not divisible into whole semi-annual periods.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Conditions Precedent, Payment of Basic Rent. At the end of the Basic Term or any Renewal Term, if Lessee has elected to renew this Lease as aforesaid, (i) this Lease shall continue in full force and effect during the Renewal Term and (ii) Basic Rent for such Renewal Term shall be payable in semi-annual installments in arrears, each such installment being due and payable on each Rent Payment Date occurring during the Renewal Term, commencing with the Rent Payment Date immediately following the commencement of the Renewal Term.
Sample 1Sample 2Sample 3
Conditions Precedent, Payment of Basic Rent. At the end of the Basic Term, any Renewal Term or the first Additional Renewal Term, if Lessee has elected to renew this Lease as aforesaid, (i) this Lease shall continue in full force and effect during the Renewal Term or Additional Renewal Term and (ii) Basic Rent for such Renewal Term or Additional Renewal Term shall be payable in monthly installments in arrears, each such installment being due and payable on each Rent Payment Date occurring during the Renewal Term or Additional Renewal Term, commencing with the Rent Payment Date immediately following the commencement of the Renewal Term or Additional Renewal Term.
Sample 1Sample 2
Conditions Precedent, Payment of Basic Rent. At the end of the Basic Term or any Renewal Term, if Lessee has elected to renew this Lease as aforesaid, and provided that there shall not then have occurred and be continuing any Event of Default or a Section 14(a), (b), (f) or (g) Default and that all necessary governmental authorizations and approvals shall have been received and that Basic Rent for the Renewal Term has been determined as above provided, (i) this Lease (other than Section 9 hereof) shall continue in full force and effect during the Renewal Term, and (ii) Basic Rent for such Renewal Term shall be payable in semi-annual installments in advance or arrears, as was the basis of the Basic Rent being paid immediately prior to such Renewal Term, each such installment being due and payable on each Lease Period Date occurring during the Renewal Term.
Sample 1
Conditions Precedent, Payment of Basic Rent. At the end ------------------------------------------- of the Basic Term or any Renewal Term, if Lessee has elected to renew this Lease as aforesaid, and provided that there shall not then have occurred and be continuing a Default or an Event of Default and that all necessary governmental authorizations and approvals shall have been received and that Basic Rent for the Renewal Term has already been determined as provided in Exhibit H, this Lease shall continue in full force and effect during the Renewal Term, except that (x) Lessee shall pay Lessor Basic Rent for the Aircraft during the Renewal Term in an amount equal in the case of the Fixed Renewal Term to the amount determined for each period during the Fixed Renewal Term as the "Fixed Renewal Rent" as set forth in Schedule H hereto and equal in the case of a Fair Market Renewal Term to the amount determined for each period during the Fair Market Renewal Term as the "Fair Market Rental Value" as set forth in Schedule H hereto, which Basic Rent shall be payable in semiannual installments in arrears (unless, in the case of the Fixed Renewal Term, any portion of Basic Rent during the last Lease Period during the Basic Term is payable in advance, in which case the same proportion of Basic Rent during the Fixed Renewal Term shall also be payable in advance), each such installment being due and payable on each Lease Period Date occurring during the Renewal Term, commencing with the Lease Period Date immediately following the commencement of the Renewal Term, and (y) the Stipulated Loss Value Schedule applicable during the Renewal Term shall be determined in accordance with the following provisions. The amounts which are payable during any Renewal Term in respect of Stipulated Loss Value with respect to the Aircraft shall be determined on the basis of the Fair Market Sales Value of the Aircraft as of the commencement of such Renewal Term, amortized on a straight-line basis over such Renewal Term to the Fair Market Sales Value of the Aircraft as of the expiration of such Renewal Term, as such Fair Market Sales Value in each case is determined prior to the commencement of such Renewal Term. In determining Fair Market Sales Value for purposes of calculating Stipulated Loss Value for any Renewal Term effect shall be given to the encumbrance on the Aircraft of any Fixed Renewal Term available or in force.
Sample 1
Conditions Precedent, Payment of Basic Rent. At the end of the Basic Term, any Renewal Term or the first Additional Renewal Term, if Sublessee has elected to renew this Sublease as aforesaid, (i) this Sublease shall continue Sublease Agreement (MSN 30808) in full force and effect during the Renewal Term or Additional Renewal Term and (ii) Basic Rent for such Renewal Term or Additional Renewal Term shall be payable in monthly installments in arrears, each such installment being due and payable on each Rent Payment Date occurring during the Renewal Term or Additional Renewal Term, commencing with the Rent Payment Date immediately following the commencement of the Renewal Term or Additional Renewal Term.
Sample 1
Conditions Precedent, Payment of Basic Rent. At the end of the Basic Term or any Renewal Term, if Lessee has elected to renew this Lease as aforesaid, and provided that there shall not then have occurred and be continuing a Default or an Event of Default and that all necessary governmental authorizations and approvals shall have been received and that Basic Rent for the Renewal Term has already been
Sample 1
AutoNDA by SimpleDocs

Related to Conditions Precedent, Payment of Basic Rent

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Conditions Precedent at Closing Date The obligation of the Lenders to make Loans, and of any LC Issuer to issue Letters of Credit, is subject to the satisfaction of each of the following conditions on or prior to the Closing Date:

  • Payment of Basic Rent Basic Rent shall be paid absolutely net to Lessor or its designee, so that this Lease shall yield to Lessor the full amount thereof, without setoff, deduction or reduction.

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Payment of Base Rent Tenant agrees to pay the Base Rent for the Premises. Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, the Base Rent for the partial month shall be prorated on a per diem basis. Tenant shall pay Landlord the first Monthly Installment of Base Rent when Tenant executes the Lease.

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • CONDITIONS PRECEDENT TO SELLER'S PERFORMANCE The obligations of Seller to sell and transfer the Assets under this Agreement are subject to the satisfaction, at or before the Closing, of all the following conditions:

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Obligation of Seller The obligation of Seller to consummate the transaction hereunder shall be subject to the fulfillment on or before the date of Closing of all of the following conditions, any or all of which may be waived by Seller in its sole discretion:

Time is Money Join Law Insider Premium to draft better contracts faster.