LEASE PAYMENTS AND TERM Sample Clauses

LEASE PAYMENTS AND TERM. The Lease is enforceable on you upon your execution. The term of the Lease shall commence on the date the Equipment is delivered to you (“Lease Commencement Date”). The first Lease Payment shall be due on the date we specify in the month following the Lease Commencement Date as set forth in our invoice, and the remaining Lease Payments will be due on the same day of each subsequent month (each, a “Payment Date”) until paid in full. The Base Term shall commence on the date one month prior to the first Payment Date. We may charge you a portion of one Lease Payment for the period from the Lease Commencement Date until the first day of the Base Term (“Interim Rent”). The Interim Rent shall be due as invoiced. We may adjust the Lease Payments up to 15% if the actual costs are different than the estimate used to calculate the Lease Payments.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
LEASE PAYMENTS AND TERM. You agree to pay us the Lease Payments in advance of each month (or other payment period) during the Term. The Lease Payments stated above reflect our spread over like­term Treasury constant maturities for the Base Term as of April 26, 2024 (as referenced via the Federal Reserve website: xxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h15/update/default.htm ("Reference Yield")). Any increase in the Reference Yield prior to commencement shall cause the Lease Payments to be adjusted accordingly. The Lease Payments will be fixed upon the Lease Commencement Date (as defined below). We may adjust the Lease Payments upward or downward by no more than 15% if the invoiced costs of the Equipment are different than the estimated amount we used to calculate the Lease Payments shown above. In the event the United States tax laws change prior to, or during, the Base Term, we have the right to increase the remaining Lease Payments to achieve our originally anticipated economic return. Your obligation to pay the Lease Payments and all other obligations herein are absolute, unconditional and non­cancellable and are not subject to any abatement, set­off, defense or counterclaim for any reason whatsoever. The Lease shall be binding and enforceable on you upon your execution thereof. The term of the Lease shall commence on the date the Equipment is delivered to you (“Lease Commencement Date”). The first Lease Payment shall be due on the date we specify in the month following the Lease Commencement Date, as set forth in our invoice and the remaining Lease Payments will be due on the same day of each subsequent month (each, a “Payment Date”) until paid in full. The Base Term shall commence on the date one month prior to the first Payment Date.We may charge you a portion of one Lease Payment for the period from the Lease Commencement Date until the day preceding the first day of Base Term (“Interim Rent”). Interim Rent shall be due and payable as invoiced. On an annual basis, the Monthly Payment may be increased by a maximum of 15% of the amount previously then in effect.
Sample 1
LEASE PAYMENTS AND TERM. The Lease is enforceable on you upon your execution. The term of the Lease shall commence on the date the Equipment is delivered to you (“Lease Commencement Date”). The first Lease Payment shall be due on the date we specify in the month following the Lease Commencement Date as set forth in our invoice, and the remaining Lease Payments will be due on the same day of each subsequent month (each, a “Payment Date”) until paid in full. The Base Term shall commence on the date one month prior to the first Payment Date.
Sample 1
LEASE PAYMENTS AND TERM. 2.1. Lessee shall make lease payments of ($ ) in monthly installments without deductions on account of any non-working time in the month, setoff or counterclaim. The installment payments shall begin on the day of , 20 and shall continue on the day of each succeeding calendar month for months. The amount of rent payable for any fraction of a month at the beginning or end of the lease term shall be the monthly installment, prorated according to the number of calendar days in such fraction. This lease shall terminate on .
Sample 1
LEASE PAYMENTS AND TERM. The Lease is enforceable on you upon your may be more than the cost to obtain your own insurance and on which we may make a profit. execution. The term of the Lease shall commence on the date the Equipment is delivered to 8.
Sample 1

Related to LEASE PAYMENTS AND TERM

  • Lease Payments No Borrower will, or will permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments except in the Ordinary Course of Business.

  • Payments and Completion Payments may be withheld because of (1) defective work not remedied; (2) failure of contractor to make proper payments to subcontractors, workers, or suppliers; (3) persistent failure to carry out work in acceptance with this Agreement or these general conditions, or (4) legal claims. Final payment will be due after complete release of any and all liens arising out of the contract or submission of receipts or other evidence of payment covering all subcontractors or suppliers who could file such a lien. The contractor agrees to indemnify the Owner against such liens and will refund all monies including costs and reasonable attorney’s fees paid by the owner in discharging the liens. A 10 percent holdback is required by the lender to assure the work has been properly completed and there are no liens against the property. Owners Initials: Contractor’s Initials: -Continued on Page Three-

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • LEASE TYPE This Agreement shall be considered a: (check one) ☐ - Fixed Lease. The Tenant shall be allowed to occupy the Premises starting on , 20 and end on , 20 (“Lease Term”). At the end of the Lease Term and no renewal is made, the Tenant: (check one) ☐ - May continue to lease the Premises under the same terms of this Agreement under a month-to-month arrangement. ☐ - Must vacate the Premises.

  • Definition of Overpayments For purposes of this CIA, an “Overpayment” shall mean the amount of money Dignity Health has received in excess of the amount due and payable under any Federal health care program requirements.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!