Common use of Interim and Basic Rent Clause in Contracts

Interim and Basic Rent. No Interim Rent or Basic Rent shall be paid during the Preliminary Lease Term. Lessee hereby agrees to pay to Lessor (i) Interim Rent for the Interim Lease Term with respect to the Aircraft on the first Rent Payment Date set forth in Part I of Exhibit C, and (ii) Basic Rent for the Base Lease Term with respect to the Aircraft on each subsequent Rent Payment Date set forth in Part I of Exhibit C, in each case in an amount equal to the percentage of Lessor's Cost of the Aircraft set forth in Part I of Exhibit C opposite such Rent Payment Date, subject to the terms of the next succeeding paragraph of this Section 3.3 and Section

Appears in 4 contracts

Samples: Sale and Lease Agreement (Southwest Airlines Co), Sale and Lease Agreement (Southwest Airlines Co), Sale and Lease Agreement (Southwest Airlines Co)

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Interim and Basic Rent. No Interim Rent or Basic Rent shall be paid during the Preliminary Lease Term. Lessee hereby agrees to pay to Lessor (i) Interim Rent for the Interim Lease Term with respect to the Aircraft on the first Rent Payment Date set forth in Part I of on Exhibit C, and (ii) Basic Rent for the Base Lease Term with respect to the Aircraft on each subsequent Rent Payment Date set forth in Part I of Exhibit C, in each case in an amount equal to the percentage of Lessor's Cost of the Aircraft set forth in Part I of Exhibit C opposite such Rent Payment Date, subject to the terms of the next succeeding paragraph paragraphs of this Section 3.3 and Section

Appears in 1 contract

Samples: Sale and Lease Agreement (Southwest Airlines Co)

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