Interim Rent Sample Clauses

Interim Rent. For the period from and including the Commencement Date to the Basic Term Commencement Date (“Interim Period”), Lessee shall pay as Rent (“Interim Rent”) for the Aircraft, the product of the Daily Lease Rate Factor times the Capitalized Lessor’s Cost of the Aircraft on this Annex B (SN ) times the number of days in the Interim Period. Interim Rent shall be due on January 2, 2006.

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. During the period commencing on the Closing Date and ending on the Basic Term Commencement Date, Interim Rent shall accrue on Equipment Cost during each Interim Rental Period at a rate per annum equal to the sum of (i) the Adjusted LIBO Rate prevailing on the first day of such Interim Rental Period plus the Applicable Margin; provided, that (i) as to Equipment purchased after the commencement of any Interim Rental Period and prior to the last day thereof, Interim Rental for such Equipment during such Interim Rental Period shall accrue on Equipment cost therefor at a rate equal to the Base Rate, (ii) if the Lessee notifies the Lessor at least 3 Business Days prior to the commencement of any Interim Rental Period that it desires for Interim Rent during such Interim Rental Period to accrue based on the Base Rate, then for such Interim Rental Period, Interim Rent shall instead accrued on Equipment Cost at a rate equal to the Base Rate, (iii) if there is less than one month remaining after the end of any Interim Rental Period until the Basic Term Commencement Date, Interim Rent for the final Interim Rental Period shall instead accrue on Equipment Cost at a rate equal to the Base Rate. In the event any Equipment Cost on which Rent accrued based on the Adjusted 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 Basic Term Commencement Date, all Soft Costs incurred and Interim Rent accrued during the period from the Acquisition Date through the Basic Term Commencement Date shall be capitalized and added to Equipment Cost; provided, that in no event shall the aggregate Equipment Cost (including all Capitalized Expenses) exceed the Commitment, and to the extent any such capitalization of Soft Costs or Interim Rent would cause the aggregate Equipment Cost to exceed the Commitment, the amount of the excess shall be payable to the Lessor on the Basic Term Commencement Date on which such excess occurs. In the event any Vendor requires any advance payments, progress payments or full payments prior to the Acquisition Date of the Equipment proposed to be added to the Lease, the Lessee shall execute and deliver to the Lessor a Progress Payment Agreement, and the Lessor will make available amounts pursuant thereto for such purpose. ...

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.