Common use of Conditions Precedent, Payment of Basic Rent Clause in Contracts

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.

Appears in 4 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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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 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.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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 Term, and (ii) Basic Rent for such Renewal Term shall be payable in semi-semi- annual installments in arrears, each such installment being due and payable on each Rent Payment Lease Period Date occurring during the Renewal Term, commencing with the Rent Payment Lease Period 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.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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 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 Lease Period Date occurring during the Renewal Term, commencing with the Rent Payment Lease Period 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.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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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 Lease Period Date occurring during the Renewal Term, commencing with the Rent Payment Lease Period 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.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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