LESSEE'S PAYMENTS Clause Samples
The "Lessee's Payments" clause defines the lessee's obligation to make regular payments to the lessor under a lease agreement. It typically outlines the amount, frequency, and method of payment, and may specify additional charges such as late fees or penalties for missed payments. This clause ensures that the lessor receives timely compensation for the use of the leased property, providing financial predictability and reducing the risk of non-payment.
LESSEE'S PAYMENTS. If a Loss occurs, Lessee shall pay Lessor an amount which, after reduction by the net amount of all additional taxes payable by Lessor in respect of the receipt or accrual of such amount under the laws of the United States and California (the amount of such taxes to be computed assuming Lessor is subject to the highest marginal Federal and California statutory rate for income or franchise taxes then generally applicable to corporations), is equal to the sum of (i) the net additional Federal income taxes payable by Lessor as a result of such Loss, plus (ii) any interest, penalties or additions to tax payable by Lessor as a result of such Loss, such sum to be determined (A) in the case of a loss of a Depreciation Deduction, by assuming that Lessor's combined marginal federal, state and local income tax rate will be 40.2%, (B) in the case of an Inclusion, by assuming Lessor is subject to the highest marginal Federal and California statutory rate for income or franchise taxes then generally applicable to corporations and (C) in the case of a loss of foreign tax credits, by assuming Lessor can fully and currently utilize all available credits for foreign taxes to reduce its federal income tax liability.
LESSEE'S PAYMENTS. 4.1 Subject to Clause 4.4 below, the lessee hereby agrees to make to the lessor the following payments in accordance with the relevant provisions of the General Conditions and the Master Lease Agreement:
(a) The following monthly lease payments: for the first 3 months DEM 0.00 for the next 9 months DEM 22,561.24, for the next 12 months DEM 25,046.25, for the next 36 months DEM 28,773.76 ING LEASE POLSKA The lease payments shall be made in arrears. The lease payments are calculated on the basis of then DEM interbank interest rates as at March 19, 1997. Should the interbank interest rate change on a drawdown date, the lease payments will be changed accordingly. Each of the payment is to be made in PLN being an equivalent of the relevant amount in DEM, calculated on the date of issuing of an invoice.
4.2 The first lease payment is due and payable within 3 (three) month commencing as of the date of signing of the Record of Delivery and Acceptance. Each consecutive lease payment is due and payable each month on the day which corresponds in date to the day on which the Record of Delivery and Acceptance was signed.
4.3 The lessee shall make all payments required under this Agreement to the lessor's bank account at ING Bank N.V.. Warsaw Branch, No. 18000005- 27901, or any other bank account designated by the lessor to the lessee in writing.
4.4 Value added tax shall be added to each of the expense payment, the initial payment and the lease payment (except for the guarantee deposit). The lessee declares that it is a registered payer of value added tax and its Tax Identification Number (NIP) is: ▇▇▇-▇▇-▇▇-▇▇▇ and that it irrevocably authorizes the lessor to issue during the entire lease period VAT invoices without the signature of an authorized representative of the lessee and, if for any reason any new authorization is required or needed in this respect, it agrees to promptly deliver such new authorization to the lessor.
LESSEE'S PAYMENTS. All payments that the Lessee must make in accordance with the provisions of this Agreement and the Management Agreement Terms appendix. Lessor Including the Lessor’s engineer and anyone validly appointed by the Lessor from time to time to be its agent or representative in general or for a particular purpose.
LESSEE'S PAYMENTS. At all times during the Term hereof, the Lessee, at Lessee's sole cost and expense, shall pay for all telephone service, heated water, heat, chilled water, air conditioning, ventilation, electricity, process steam, gas, water and other utilities or services which may be provided to, or consumed at, the Premises. Lessee shall purchase from Lessor, whenever and to the extent required in the Premises, the utilities and services produced in the Power Plant, including heated water, chilled water and process steam (collectively, the "Power Plant Utilities") and Lessee shall pay Lessor, promptly upon submission of bills therefor (which shall not be rendered more often than monthly), for the costs of producing and supplying the Power Plant Utilities provided to, or consumed at, the Premises, as computed under paragraph 29 (c) hereof, together with an appropriate portion of any utility loss factor(s). The consumption of Power Plant Utilities at the Premises is to be measured by existing meters, or any such additional meters as may be reasonably necessary. Lessor and Lessee shall share equally the cost of any additional meters which may be installed after the date hereof to measure the consumption of Power Plant Utilities at the Premises. Lessee shall also pay all sewer rents or sewer use charges allocable to said Premises.
LESSEE'S PAYMENTS for additional parking spaces during the Lease term in the additional parking spaces
7.1. Parking fees for the additional parking spaces