Interim Rent. For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Lessor's Cost of such unit times the number of days in the Interim Period. Interim Rent shall be due on 08/31/95.
Interim Rent. For the period from and including the Commencement Date to the Basic Term Commencement Date (“Interim Period”), Lessee will pay as Rent for the Aircraft, the Daily Lease Amount set forth on this Annex B times the number of days in the Interim Period (“Interim Rent”). Interim Rent will be due at Closing.
Interim Rent. The rent for each item of Equipment during the Interim Lease Term shall be an amount equal to 1/30th of the Primary Rent (defined below) multiplied by the number of days from and including the Acceptance Date to the Commencement Date which amount shall be payable on the Commencement Date.
Interim Rent. For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("INTERIM PERIOD"), Lessee shall pay as rent (" INTERIM RENT") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period. Interim Rent shall be due on Basic Term Commencement Date. 13. Basic Term Rent. Commencing on 12/01/04 and on the same day of each month thereafter (each, a "RENT PAYMENT DATE") during the Basic Term, Lessee shall pay as rent ("BASIC TERM RENT") the product of the Basic Term Lease Rate Factor times the Capitalized Lessor's Cost of all Equipment on this Schedule.
Interim Rent. Lessee shall pay Lessor Interim Rent on all payments made by Lessor for Equipment from the date of Lessor's payment, if paid prior to the Lease Commencement Date, until the Lease Commencement Date. Interim Rent shall be calculated from the date of such payment on the basis of a rate which shall be the lesser of (i) a daily rate of .00037 per dollar so paid by Lessor, (which rate is based on the rate implied by the Basic Rent amount set forth above), or (ii) a per annum rate applied to the amount so paid by Lessor equal to the "Prime Rate" as published in The Wall Street Journal on the last business day prior to the date of such payment by Lessor. Interim Rent shall be payable in full on the Lease Commencement Date.
Interim Rent. If the Acceptance Date with respect to any Schedule shall be other than the first day of the calendar month, Lessee shall make interim rental payments ("Interim Rent") for each day from and including the Acceptance Date, through and including the last day of the calendar month prior to the beginning of the Initial Lease Term in an amount equal to one-thirtieth of the monthly Rental Payment set forth on the Schedule. Such Interim Rent shall be due and payable on the first day of the calendar month following the month for which such payment is assessed.
Interim Rent. For each Phase, during the period commencing on the Phase Commencement Date and ending on the Phase Completion Date for such Phase, Interim Rent with respect to such Phase shall accrue on Equipment Cost during each Interim Rental Period at a rate per annum equal to the LIBO Rate prevailing on the first day of such Interim Rental Period plus the Applicable Margin; provided, that if there is less than one month remaining after the end of any Interim Rental Period until the Phase Completion Date for such Phase, Interim Rent for the final Interim Rental Period shall instead be the Base Rate. Interim Rent shall be paid in arrears on the last day of the Interim Rental Period with respect thereto. In the event any Equipment Cost on which interest accrued based on the LIBO Rate is prepaid other than on the last day of the Interim Rental Period with respect thereto (including by reason of the occurrence of a Lease Termination Date for any reason), the Lessee shall compensate the Lessor for any funding losses incurred by it as a result of such prepayment. On the Phase Completion Date for each Phase, all Soft Costs incurred during the period from the Phase Commencement Date through the Phase Completion Date for such Phase shall be capitalized and added to Equipment Cost for such Phase; provided, that in no event shall the aggregate Equipment Cost for all Phases exceed $103,000,000, and to the extent any such capitalization of Soft Costs would cause the aggregate Equipment Cost for all Phases to exceed $103,000,000, the amount of the excess shall be payable to the Lessor on the Phase Completion Date on which such excess occurs. In the event any Vendor requires any advance payments, progress payments or full payments prior to the Lease Addition Date of the Equipment proposed to be added to the Lease for any Phase, the Lessee shall execute and deliver to the Lessor a Progress Payment Agreement for such Phase, and the Lessor will make available amounts pursuant thereto for such purpose. For any Equipment which is the subject of any payments made by the Lessor under a Progress Payment Agreement for any Phase, unpaid Additional Rent under such Progress Payment Agreement with respect to such Equipment shall be capitalized and, together with the amount of such payments made by the Lessor with respect to such Equipment, shall be added to and constitute part of the Equipment Cost for such Phase.
Interim Rent. (i) Interim Rent shall equal the Hourly Rent for each Rent Period during the Interim Period. Notwithstanding the foregoing, in no event shall the Interim Rent be less than the Minimum Basic Rent other than as set forth in paragraph (ii) of this Section.
(ii) Minimum Basic Rent shall be paid by LESSEE to LESSOR in respect of the Aircraft, in advance, on the First Interim Rent Date. Thereafter, on the corresponding date in the immediately following month (the "Second Interim Rent Date"), LESSEE shall pay to LESSOR a pro rata portion of the Minimum Basic Rent based on the number of days remaining in the period from the Second Interim Rent Date through (but not including) the First Basic Rent Date.
(iii) In addition to Minimum Basic Rent, LESSEE shall pay to LESSOR the following: (a) no later than five days after the Second Interim Rent Date, an amount equal to the difference, if positive, between (x) the Minimum Basic Rent and (y) Hourly Rent calculated for the period from the First Interim Rent Date through (but excluding) the Second Interim Rent Date; and (b) no later than five days after the First Basic Rent Date, an amount equal to the positive difference, if any, between: (x) the pro rated Minimum Basic Rent paid for the previous Rent Period and (y) Hourly Rent calculated for the period from the Second Interim Rent Date through (but excluding) the First Basic Rent Date.
Interim Rent. Interim Rent shall be payable by LESSEE to LESSOR in the amount set forth in Section 5(A) of the Lease. The Minimum Basic Rent shall equal $40,000.
Interim Rent. Lessee shall pay rent for each Unit ("Interim Rent") for each day of its Interim Term. Interim Rent shall be computed on the full amount of the Purchase Price of the Unit at a rate per annum equal to the Reference Rate. Interim rent is determined, in part, on the basis of a 360-day year and actual days elapsed which results in a higher rent than if a 365-day year is used. Interim Rent is due and payable when billed by Lessor.
