Lessee Payment Sample Clauses

Lessee Payment. If a sale of any Item of Equipment either to Lessee pursuant to Section 28.2 or 28.4 or to a third party pursuant to Section 28.3 has not been consummated on the Termination Date for any reason, then Lessee shall on the Termination Date pay to Lessor as an end of term Lease Payment adjustment, in immediately available funds, as an adjustment to the Lease Payment payable under this Lease Agreement for such Item, an amount equal, without duplication, to the sum of the Lease Payment due and payable for such Item of Equipment on the Termination Date, plus all Supplemental Payments then due and owing with respect to such Item(s) plus (i) the Maximum Lessee Risk Amount of such Item, if (x) on the Termination Date no Lease Event of Default or Lease Default shall have occurred and be continuing hereunder, and (y) all Items of Equipment then subject to this Lease Agreement have been returned to Lessor on the Termination Date in the condition and at the locations required by Section 6, and (z) this Lease Agreement shall not have been terminated prior to the Termination Date or (ii) Acquisition Cost of such Item, if (x) on the Termination Date a Lease Event of Default or Lease Default shall have occurred and be continuing hereunder, or (y) any Item of Equipment then subject to this Lease Agreement shall not have been returned to Lessor on the Termination Date in the condition and at the locations required by Section 6, or (z) this Lease Agreement shall have been terminated prior to the Termination Date; provided, however, if Lessee pays all amounts due for all Equipment in accordance with this clause (ii) on or prior to the Termination Date, Lessor will at the cost of Lessee transfer to or at the direction of Lessee, without recourse or warranty (except as to the absence of Lessor Liens and Collateral Agent Liens), all of Lessor's right, title and interest in and to such Item(s), "as-is", "where-is" and at the cost of Lessee furnish to or at the direction of Lessee, if Lessee shall so request, a bill xx sale without recourse or warranty (except as to the absence of Lessor Liens and Collateral Agent Liens) and otherwise in form and substance reasonably satisfactory to Lessee and Lessor, evidencing such transfer. Lessee shall remain liable for the payment of, and upon the consummation by Lessor of the sale of any Item(s) of Equipment on or after the Termination Date, Lessee shall pay, or reimburse Lessor for the payment of, all applicable sales, excise or other Taxes i...
Sample 1Sample 2See All (5)
Lessee Payment. Lessee shall have made the Lessee Cash Payment, if any, in the manner provided in Section 4.
Sample 1Sample 2
Lessee Payment. At the Closing, Lessee will make a cash payment (the “Lessee Cash Payment”) to Seller in an aggregate amount equal to all rentals accrued but unpaid under the Equipment Lease through but excluding the Closing Date and all other unpaid amounts owing by Lessee under the Equipment Lease through but excluding the Closing Date (such aggregate amount being $-0- if the purchase and sale transaction herein contemplated shall occur and the Closing Date is prior to April 1, 2008). Such payment will be made in immediately available funds in U.S. Dollars by wire transfer to Account #8188301629 of Seller at Bank of America, N.A., 99303 Xxxxxxxxxx Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, ABA # 000000000.
Sample 1Sample 2
Lessee Payment. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL..................................24 31. Miscellaneous...........................................................................................25 (ii) 4 33. Execution and Effectiveness.............................................................................25
Sample 1
Lessee Payment. The Lessee shall pay to the Lessor or as the Lessor shall direct all GST payable on Rent and other money payable by the Lessee under this Lease. GST in respect of Rent shall be payable on each occasion when any Rent falls due for payment and in respect of any other money payable by the Lessee, shall be payable on demand subject to the Lessor issuing to the Lessee an appropriate invoice.
Sample 1
Lessee Payment. Lessee shall pay to Lessor a Security Deposit in the amount and at the time set forth in Clause 2 of Part A of the Financial Terms Annex upon receipt by Xxxxxx of an electronic or paper invoice from Lessor.
Sample 1
Lessee Payment. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL..................................24 31. Miscellaneous...........................................................................................25 (ii) 4 Page ---- 32. Concerning Lessor.......................................................................................26 33. Execution and Effectiveness.............................................................................26 EXHIBIT A [Form of] Lease Agreement Supplement EXHIBIT B [Form of] Notice of Substitution
Sample 1
Lessee Payment. If a sale of any Item of Equipment either to Lessee pursuant to Section 28.2 or 28.4 or to a third party pursuant to Section 28.3 has not been consummated on the Termination Date with respect thereto for any reason, then Lessee shall, on the Termination Date pay to Lessor as an end of term Lease Payment adjustment, in immediately available funds, as an adjustment to the Lease Payment payable under this Lease Agreement for each Item that has not been sold pursuant to Section 28.2, 28.3, or 28.4, an amount equal, without (a) the amounts owed by Lessor relating to a Lease Event of Default or by Lessee, in either case, to the Lenders, the Certificate Holders, the Trust Company, the Administrative Agent and the Collateral Agent under the Operative Documents, (b) the outstanding principal amount of all Loans and all interest (including any interest accrued at the Overdue Rate) accrued thereon, (c) the aggregate outstanding Equity Components for all Items of Equipment and (d) an amount equal to the aggregate outstanding Equity Components for all Items of Equipment multiplied by the Equity Rate (calculated on a daily basis at the Overdue Rate) for each day after the Termination Date until such subsequent sale is consummated.
Sample 1

Related to Lessee Payment

  • Fee Payment To pay the required Commission filing fees relating to the Notes within the time period required by Rule 456(b)(1) of the Rules and Regulations without regard to the proviso therein and otherwise in accordance with Rule 456(b) and 457(r) of the Rules and Regulations;

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • Due Payment All due payment needs to be cleared on the date mention on the agreement copy. Failing to do so would attract a penalty up to 10,000 INR or closure of file at BOCCS.

  • PRE-PAYMENT The Tenant shall: (check one)

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • Overtime Payment Full-time employees shall be paid at the rate of one and one-half times the employee's straight time hourly rate for all time worked outside of their normal work hours and/or work days up to sixteen (16) hours in a twenty-four (24) hour period. For hours worked in excess of sixteen (16) in a twenty-four (24) hour period, employees shall be paid double time. Employees who receive an unpaid lunch period and are not required to work at their work assignments during such period shall not have such time treated as hours worked for the purpose of computing overtime.

  • Payment of Base Rent Tenant agrees to pay the Base Rent for the Premises. Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, the Base Rent for the partial month shall be prorated on a per diem basis. Tenant shall pay Landlord the first Monthly Installment of Base Rent when Tenant executes the Lease.

  • Percentage Rent Tenant shall (i) not later than the tenth (10th) day after the close of each calendar month, deliver to Landlord at the Center office a written statement certified under oath by Tenant or an officer of Tenant, showing Gross Sales and Adjusted Gross Sales made in such calendar month; and (ii) not later than thirty (30) days after the end of each Lease Year or Partial Lease Year, deliver to Landlord at the Center office a statement of Gross Sales and Adjusted Gross Sales for such Lease Year or Partial Lease Year the correctness of which is certified to by Tenant or an officer of Tenant. If Tenant fails to prepare and deliver any statement of Gross Sales and Adjusted Gross Sales required hereunder, within the time or times specified above, then Landlord shall have the right, in addition to the other rights and remedies set forth in this Lease, (a) to collect from Tenant a sum which shall be $250.00 which shall be deemed liquidated damages for administrative and overhead expenses resulting from such failure, and (b) to estimate Tenant’s Adjusted Gross Sales for any non-reported period and bill Tenant’s Percentage Rent accordingly. Landlord reserves the right, at Xxxxxxxx’s option, to adjust Percentage Rent xxxxxxxx when actual Adjusted Gross Sales reports are received. Percentage Rent shall become due and payable in each Lease Year on the fifteenth (15th) day of the month immediately following the month during which Adjusted Gross Sales exceed the Sales Breakpoint for such Lease Year, and thereafter shall be paid monthly on all additional Adjusted Gross Sales made during the remainder of such Lease Year, such payments to be made concurrently with the submission by Tenant to Landlord of the written statement of monthly Adjusted Gross Sales as provided for herein. Tenant will preserve for at least three (3) years at Tenant’s notice address all original books and records disclosing information pertaining to Gross Sales and Adjusted Gross Sales and such other information respecting Gross Sales and Adjusted Gross Sales as Landlord requires, including, but not limited to, cash register tapes, sales slips, sales checks, gross income and sales tax returns, bank deposit records, sales journals and other supporting data including itemized records of permitted exclusions. Landlord and its agents shall have the right during business hours to examine and audit such books and records preserved by Xxxxxx. If such examination or audit discloses a liability for Percentage Rent three percent (3%) or more in excess of the Percentage Rent paid by Tenant for any period and at least $500.00 of Percentage Rent is owed as the result of such audit, or if Tenant’s Gross Sales and Adjusted Gross Sales cannot be verified due to the insufficiency or inadequacy of Tenant’s records, or if Tenant shall have failed to furnish Landlord any monthly statement of Gross Sales and Adjusted Gross Sales during any Lease Year, Tenant shall promptly pay Landlord the cost of said audit. Tenant shall, in any event, pay to Landlord the amount of any deficiency in rents which is disclosed by such audit. If such examination or audit discloses an overpayment of Percentage Rent, then the excess, less the cost of such examination or audit, shall be credited to Xxxxxx’s account. Tenant’s obligation to preserve all original books and records shall survive the expiration of the Lease Term or the earlier termination of this Lease.

  • Service Fees and Additional Charges Any applicable fees will be charged regardless of whether the Service was used during the billing cycle. There may be a charge for additional transactions and other optional services. You agree to pay such charges and authorize the Service to deduct the calculated amount from your designated Billing Account for these amounts and any additional charges that may be incurred by you. Any financial fees associated with your standard deposit accounts will continue to apply. You are responsible for any and all telephone access fees and/or Internet service fees that may be assessed by your telephone and/or Internet service provider.

  • Rent Payment Tenant shall pay the Base Rent for the premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the premises. Additional rent means amounts determined under section 19 of this lease and any other sums payable by Tenant to Landlord under this lease. Rent not paid when due shall bear interest at the rate of one-and-one-half per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord's rights hereunder.

Most Referenced Clauses

Most Referenced Definitions