Lease Rental. This agreement constitutes a lease/rental of the Props and is not a sale or the creation of a security interest. You will not have, or at any time acquire, any right, title, or interest in the Props, except the right to possession and use as provided for in this Agreement. We will at all times be the sole owner of the Props.
Lease Rental. 19.3.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 10,000,000 (Rupees One Crore) per annum and subject to escalation at 5% (five per cent) per annum.
19.3.2 The Lease Rentals shall be paid in advance at the start of every year, by the 10th day of the first month of each Accounting Year of the Concession Period in accordance with the terms of the Site Lease Deed.
Lease Rental. 19.3.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 1,00,00,000 (Rupees One Crore) per annum and subject to escalation at 5% (five per cent) per annum on a compounded basis.
19.3.2 The first payment shall be made on the date of execution of the Lease Deed. The subsequent payments shall be due and payable on every subsequent anniversary of the date of execution of the Lease Deed.
19.3.3 The Concessionaire shall be allowed to make advance payment of Lease Rentals due for the entire duration of the Concession Agreement (“Pre-Payment of Lease Rentals”), subject to the following provisions:
a) The Concessionaire may, solely at its discretion, choose to pay the Lease Rentals, due for the residual Concession Period, in a single instalment.
b) A request for pre-payment shall only be allowed during a period starting from 1st anniversary of COD till date falling on 6th anniversary of COD (“Allowed Pre-Payment Window”).
c) In case the Concessionaire chooses to make Pre-Payment of Lease Rentals during the Allowed Pre-Payment Window, it shall submit a written request to the Authority in this regard, citing estimates Pre-Payment Amount and expected date of payment.
d) Lease Rentals over the Concession Period, discounted at 12% (“Pre-Payment Amount”).
e) Upon receipt of Pre-Payment Amount, the Authority shall sign a supplementary Lease Deed with the Concessionaire, revising the Lease Rental payable for each year of the remaining Concession Period as INR 1 (Rupee One).
Lease Rental. This agreement constitutes a lease/rental of the Property and is not a sale or the creation of a security interest. You will not have, or at any time acquire, any right, title, or interest in the Property, except the right to possession and use as provided for in this Agreement. We will at all times be the sole owner of the Property.
Lease Rental. The Concessionaire shall have to enter into a land lease agreement with the respective ULBs and to pay a lease rental (the “Lease Rental”) of Rs. 1 per Square meter of land per annum for the land provided for development of the Project.
Lease Rental. The annual lease rental for the first year of this lease is $2,500.00 and shall be increased on April 1 of each subsequent year of the term by 3 percent over the previous lease year rental. (See attached rental schedule.) Rental is due on April 1 of each lease year.
Lease Rental. 7.1 In lieu of the lease of the Vehicle and related services hereunder, the Lessee shall pay to the Lessor a lease rental fee specified in the booking details on the App (the “Lease Rental”) at the time of booking the vehicle in advance for the Lease Term through the Platform.
7.2 The Lessee hereby agrees and acknowledges that the Lease Rental comprises of the charges towards
(i) usage of the Vehicle for a pre-agreed mileage as specified in Booking details on the App (“Agreed Mileage”); (ii) Platform usage fees; (iii) maintenance and repair cost; (iv) insurance/ trip protection charges; and (v) delivery charges, if applicable. In the event the usage of Vehicle exceeds the Agreed Mileage, the excess mileage will be charged as per the rate specified in the Fee Policy. The difference between the actual usage i.e., lesser, or greater than the Agreed Mileage shall be determined and settled i.e., paid by the Lessee to the Lessor or vice versa at the time of expiry or termination of the Lease Term.
7.3 Lessee shall be liable to pay any outstanding Lease Rental or other charges accruing due to Lessee exceeding Agreed Mileage or otherwise and shall be chargeable in accordance with the Fee Policy and may also incur penalties or late payment charges for prolonged default in clearing such outstanding amount as mentioned in the Fee Policy.
7.4 Any other payments made by the Lessor on behalf of the Lessee pertaining to the Vehicle, under this Agreement or otherwise shall be promptly reimbursed by the Lessee to Lessor on receipt of written notice in respect thereof from the Lessor together with documentary proof of such payments or at the option of the Lessor, to set off against amounts, if any, from the Lessor to the Lessee.
Lease Rental. In consideration for the lease of each Aircraft, Lessee agrees to pay Lessor: ..................................................................................................................................... ..................................................................................................................................... ................................................................ Flight hours shall be determined by the Xxxxx meter, and the monthly rental payments shall computed using the “base” Xxxxx meter reading shown on the Acceptance/Delivery Receipt.
Lease Rental. The monthly lease rent payable by the Lessee for the duration of the lease shall be: TELEPHONE +000 000000 OR 707315 CITY XXXXXXX XXXXXX, XXXXXXXXX XXXXX 0XX XXXXX, J XXXXXXX WAY, HARARE, ZIMBABWE NUMBER OF BAYS TARIFF PER BAY TYPE OF BAY ZW$7000 / USD35 UNRESEEVED PARKING LOTS ONLY ZW$9500 /USD45 UNRESERVED PARKADES ONLY ZW$14000 /USD65 RESERVED PARKADES ONLY ZW$8000 / USD35 TAG DEPOSIT
Lease Rental income Leases relating to the Aircraft are classified as operating leases where the terms of the lease do not transfer substantially all the risks and rewards of ownership to the lessee. Rental income from operating leases is recognised on a straight-line basis over the term of the lease. The first Asset (for the purpose of this Note the ‘First Lease’) is a Boeing 787-8. The manufacturer’s serial number is 35304. The First Lease consists of monthly lease rentals of US$1,240,501 per month for the lease term. Lease rentals are due in advance on the 15th day of each calendar month. The second Asset (for the purpose of this Note the ‘Second Lease’) is a Boeing 787-8. The manufacturer’s serial number is 35305. The Second Lease consists of monthly lease rentals of US$1,245,620 per month for the lease term. Lease rentals are due in advance on the 15th day of each calendar month.